If the U.S. Is in a Recession, It’s a Very Strange One
The first half of 2022 looks like a ‘jobful’ downturn, in which output fell and companies kept hiring. The U.S. economy has experienced 12 recessions since World War II, and Continue Reading
Norwegian oil and gas workers start strike, cutting output
Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding Continue Reading
Column: Russia boosts coal exports as Western sanctions yet to bite
Much of the focus on sanctions on Russia’s commodity exports is on crude oil and natural gas, but coal is perhaps the best example of the challenges facing those seeking Continue Reading
Russia’s Medvedev: oil could top $300-400 if Japan’s price cap idea implemented
Russia’s former president Dmitry Medvedev said on Tuesday that a reported proposal from Japan to cap the price of Russian oil at around half its current price would lead to Continue Reading
Russia May Keep Nord Stream Gas Curbed After Works, Goldman Says
A key Russian pipeline to Europe may not return to full capacity after planned maintenance this month, Goldman Sachs Group Inc. said, echoing the concerns of German officials. Nord Stream Continue Reading
Europe Gas Trades Near 4-Month High With Norway, Russia in Focus
European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. Benchmark futures jumped as much Continue Reading
Europe Gas Trades Near 4-Month High With Norway, Russia in Focus
European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. Benchmark futures jumped as much Continue Reading
High cost of Russia gains in Ukraine could limit new advance
After more than four months of ferocious fighting, Russia claimed a key victory: full control over one of the two provinces in Ukraine’s eastern industrial heartland. But Moscow’s rout of Continue Reading
Italy Declares State of Emergency in Regions Hit by Drought
Italy’s Cabinet declared a state of emergency in five regions that have been heavily hit by drought, according to a government statement. View full article at www.bloomberg.com
Ukraine War Hits Germany With First Trade Deficit in Over Three Decades
Germany posted a trade deficit for the first time in more than three decades in May, underlining the impact of the Ukraine war on Europe’s largest economy, whose reliance on Continue Reading