CIA director says China ‘unsettled’ by Ukraine war
The director of the CIA said that Chinese President Xi Jinping has been “unsettled” by the war in Ukraine, which had demonstrated that the friendship between Beijing and Moscow had Continue Reading
China’s Covid Lockdowns Disrupt Global Supply Chains: Eco Week
China’s lockdowns to contain Covid have snarled operations at the world’s largest port in Shanghai and stalled activity in major cities, affecting the supply chains of businesses from Tesla Inc. Continue Reading
‘Stop asking why’: Shanghai tightens COVID lockdown, Beijing keeps testing
Shanghai authorities were tightening the city-wide COVID lockdown they imposed more than a month ago, prolonging into late May an ordeal that China’s capital Beijing was desperate to avoid by Continue Reading
Electricity Shortage Warnings Grow Across U.S.
Power grids are feeling the strain as the U.S. moves away from conventional power plants. From California to Texas to Indiana, electric-grid operators are warning that power-generating capacity is struggling Continue Reading
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
The Biden administration has urged the industry to step up production. Oil prices are at their highest in years and politicians want companies to pump more. But most large American Continue Reading
NOPEC: America’s Last Stand Against OPEC’s Drift To The East
U.S. Senate Judicial Committee passed the NOPEC bill on Thursday. Washington ups the ante on former Middle East allies. The NOPEC bill could have serious consequences for OPEC as a Continue Reading
Gazprom Tries to Reassure Europe Clients They Can Still Buy Gas
Gazprom PJSC has written to its European clients seeking to reassure them that they can keep paying for gas without breaching sanctions, the latest indication that Russia may be trying Continue Reading
Oil rises, defying stock market falls as supply concerns persist
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union Continue Reading
U.S. Natural Gas Prices Could Soon Hit $10
Warmer than usual spring weather, expectations of a hotter summer, and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices Continue Reading
Oil Ends at Near 3-Week High as Market Supply Worries Resume
Oil settled at the highest in nearly three weeks after a volatile session that saw the market eventually pivot back to supply concerns stemming from a European Union proposal to Continue Reading