Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a “perfect storm” in global markets, feeding into an inflationary surge in the country that likely Continue Reading
There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high Continue Reading
A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and Continue Reading
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% Continue Reading
Pakistan aims to sign a long-term liquefied natural gas purchase deal in a bid to secure future supply and ease crippling blackouts. The South Asian nation intends to float a Continue Reading
Pakistan ’s headline inflation quickened to the highest level in more than two years in May on rising food and fuel prices amid a weakening currency. Consumer prices rose 13.8% Continue Reading
Brazil’s President Jair Bolsonaro speaks during a ceremony to announce new measures for Brasil Empreendedor (Entrepreneurial Brazil) credit program at the Planalto Palace in Brasilia, Brazil May 25, 2022. REUTERS/Adriano Continue Reading
Following two months of frustration, despair and economic loss, Shanghai’s draconian COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with fear that an outbreak could return. Most Continue Reading
A severe slowdown for China’s economy during a year of acute political sensitivity for Chinese leader Xi Jinping is testing the credibility of Beijing’s official economic data. Figures this month Continue Reading
China’s purchasing managers’ index rose to 49.6 this month from 47.4 in April. Relaxing COVID measures in some of China’s industrial hubs may stimulate crude demand. For May, Russian seaborne Continue Reading
