Days of flooding and landslides in parts of Bangladesh and eastern India, have affected millions of people and left more than 50 people dead. Bangladesh’s north-east region has seen some Continue Reading
China’s state spending on industrial subsidies is much higher than in seven other major economies analyzed in the report. China spends much more in helping favored industries with state-directed funds, Continue Reading
New Australian PM says climate action “shouldn’t be controversial” Australia’s new leader has vowed to take the country in a new direction, with a big shift in climate policy. Anthony Continue Reading
A sign encouraging people not to waste food at a restaurant in Handan, China, in 2020.Source: AFP/Getty Images China has been long obsessed with finding ways to ensure there is Continue Reading
Sovereign-risk premium approaches keenly watched level Stocks trail average price-to-book value of past 17 years The wreckage of a $5 trillion rout in emerging markets is starting to look like Continue Reading
U.S. stocks are in the midst of their longest selloff in decades. Whether they are close to bottoming is anyone’s guess. Market selloffs have long stumped strategists trying to predict when Continue Reading
U.S. natural gas prices fell on Friday afternoon on the expectation that temperatures in the United States are set to cool off soon. Natural gas futures fell to $8.076/MMBtu (-2.79%) Continue Reading
Russia is likely experiencing a shortage of appropriate reconnaissance Uncrewed Aerial Vehicles (UAVs), which it has attempted to use to identify targets to be struck by combat jets or artillery, Continue Reading
International sanctions on Russia appear to be working. Kazakhstan’s biggest iron ore-enricher has cut supplies to Russian steelworks. A growing number of Kazakh businesses are growing wary of contagion from Continue Reading
Russia’s Gazprom suspended natural gas supplies to Gasum on May 21 after the Finnish company refused to pay for Russian gas in rubles, the two companies said in separate statements. Continue Reading
Members of the media took a tour April 11 to Dominion Energy’s offshore wind farm pilot project off Virginia Beach. Dominion Energy built wind turbines off the coast of Virginia Continue Reading
Oil prices fell on Thursday, following earlier gains, on concerns that high fuel prices could hurt economic growth, but planned easing of restrictions in Shanghai and a tight supply outlook Continue Reading
Oil prices fell on Thursday, following earlier gains, on concerns that high fuel prices could hurt economic growth, but planned easing of restrictions in Shanghai and a tight supply outlook Continue Reading
UK Faces ‘Apocalyptic’ Food Prices Is this what an inflation apocalypse looks like? Digging into Wednesday’s UK inflation data does not paint a very happy picture for the economy and Continue Reading
The global economy is powered primarily by energy and debt, with energy-providing production and debt-providing finance. Today, central banks are aggressively increasing interest rates in order to counter inflation, but Continue Reading
Insurers are now suffering 3.6 times more losses from natural catastrophes than they were three decades ago, according to new research, which suggests insurance companies are being hit by the Continue Reading
New fault-lines are likely to outlast war and plague — leaving the global economy smaller and prices higher. Falling trade barriers and hyper-efficient logistics produced an age of abundance for Continue Reading
The world economy is increasingly succumbing to the threat of stagflation reminiscent of its 1970s ordeal, a mounting headache for global finance chiefs already navigating the fallout from the war Continue Reading
Saudi Arabia is expected to see its oil revenues surge by 66 percent this year to around $249 billion on the back of higher oil prices and rising oil production Continue Reading
A weather phenomenon over the Indian Ocean is exacerbating the driest conditions in more than four decades in the Horn of Africa that may continue for the rest of the Continue Reading
Marsh McLennan is arranging insurance for a controversial east African oil pipeline, putting the world’s largest broker at the center of a project that has been shunned by major banks Continue Reading
Indians are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to COVID curbs, upending power demand Continue Reading
Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister Continue Reading
A Bharat Petroleum Corp. refinery stands illuminated at night in the Mahul area of Mumbai. India has stalled the privatization of state-owned refiner Bharat Petroleum Corp. as most bidders walked Continue Reading
India’s power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as Continue Reading
: LA Port Chief The global shipping bottlenecks rattling industries and consumers in the pandemic era were plain to see for the politicians, economists and investors gathering for a Latin Continue Reading
Highlights US allows Chevron to renegotiate license with PDVSA Lawmakers blast change in policy toward Venezuela Calls continue for action to aid domestic oil output Details remained scant May 18 Continue Reading
When North Korea’s leader, Kim Jong-un, acknowledged an outbreak of Covid-19 last week, he ordered his government to learn from China’s “success” fighting the virus. What he did not say Continue Reading
Highlights Gasoil and gasoline exports both lower on tight export quotas Jet exports at 2-year high as companies focus quotas Only 4.41 million mt export quota available until new allocation Continue Reading
China’s Covid caseload is easing, though the threat of lockdowns remains as more infections are found in key cities and the country continues to have zero tolerance for any outbreaks. Continue Reading
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
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark Continue Reading
Oil and gas sector employment is on the road to recovery in the United States after the significant job shedding that took place during the pandemic era. But a full Continue Reading
Gas-fired power demand set to rise May 18-20 Elevated cooling demand outpaces year-ago levels Hot temperatures forecast to cool by May 22 Natural gas-fired power demand and regional spot gas Continue Reading
After sanctions hobbled production at its assembly plant in Kaliningrad, the Russian automaker Avtotor announced a lottery for free 10-acre plots of land — and the chance to buy seed potatoes — Continue Reading
Only few shale executives have committed to significant increases in capex. 2022 total cash flow for shale drillers may top all they’ve earned over the past 20 years. Inflationary pressure Continue Reading
The total number of jobs in 2027 is expected to hit 1.09 million. Employment in the U.S. oil and gas industry is set to rebound in the coming years and Continue Reading
Putin: Western Sanctions Will Provoke Global Crisis Bloomberg News Russia’s economic growth slowed in the first quarter, as the initial impact of sanctions imposed following President Vladimir Putin’s invasion of Continue Reading
The financial leaders of the Group of Seven nations are expected to unveil a major new economic aid package as soon as Wednesday to help the Ukrainian government offset losses Continue Reading
It was to be a hugely ambitious project on the frigid Gulf of Ob, in Russia’s Far North, a steppingstone in Moscow’s rising ambitions to be a power in liquefied Continue Reading
The European Commission has given more details on how it plans to end Europe’s dependence on Russian fossil fuels. Russia supplies 40% of the EU’s natural gas and 27% of Continue Reading
