Hong Kong’s retail sales plummeted 13.8% in March, the first back-to-back contraction in more than a year as stringent virus restrictions weighed heavily on the economy and crushed consumer spending. Continue Reading
Activity in China’s services sector fell in April to its weakest level since the early days of the pandemic, according to one indicator, as lockdowns aimed at containing Covid-19 shut Continue Reading
The European Commission on Wednesday proposed one of the most sweeping changes to global energy flows in history. But the oil price barely responded. Brent, the international benchmark, rose 3.8 Continue Reading
U.S. crude oil stockpiles rose unexpectedly last week, while distillate and gasoline inventories dropped again as refiners continue to boost fuel exports to a world in need of supply, the Continue Reading
A global shortage of natural gas is giving U.S. fuelmakers an edge over European rivals. Refiners rely on natural gas as a crucial source of heat to distill crude oil Continue Reading
At a tiny airport surrounded by mountains, a three-person crew takes off for the inaugural flight above the headwaters of the Colorado River to measure the region’s snow by air. Continue Reading
The Henry Hub natural gas benchmark settled at $8.415 a million British thermal units on Wednesday, more than double the price at the start of the year and far above Continue Reading
Request concurrent with FMC audit into carrier export practices Letter comes amid shipper-led complaints against carriers US FAK import rates remain eight-fold higher than exports US Senators Dianne Feinstein and Continue Reading
The Swiss government is setting up a gas sector crisis intervention group and a monitoring system for early detection of an impending electricity shortage, it said on Wednesday, as it Continue Reading
U.S. President Joe Biden on Wednesday said he would speak with other leaders from the Group of Seven advanced economies this week about potential additional sanctions against Russia over its Continue Reading
