China’s aviation industry lost a combined 84.3 billion yuan ($12.5 billion) last year, as the country kept its borders closed to keep out Covid-19. A rebound in domestic travel to Continue Reading
After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of Iranian oil, Reuters reports , Continue Reading
U.S. crude oil inventories fell last week as refining activity picked up ahead of the busy summer driving season, even as the United States continued to release barrels from its Continue Reading
Power demand in Texas hit a monthly record on Tuesday and will likely break that high on Wednesday as consumers keep their air conditioners cranked up to escape a lingering Continue Reading
The state of Texas’ power-grid operator on Friday called on residents to cut their electricity use this weekend after six generating plants fell offline in a heat wave. Record temperatures Continue Reading
The organization responsible for North American electric reliability warned energy shortfalls were possible this summer in California, Texas and the U.S. Midwest where extreme heat from a severe drought could Continue Reading
Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain Continue Reading
“We’ve got to do what we can to prevent infections,” said Ashish Jha, the White House Covid-19 response coordinator. “We’ve got to do what we can to ensure that infections Continue Reading
Wall Street recoiled Wednesday as Target and other national retailers got swept into a staggering sell-off — slashing more than 1,100 points off the Dow — as rising costs eat Continue Reading
Coal prices in the U.S. surged to an all-time high in March as Russia’s war in Ukraine and an economic rebound from the pandemic have sent demand for fossil fuels Continue Reading
