Residents of a city in China’s far west Xinjiang region say they are experiencing hunger, forced quarantines and dwindling supplies of medicine and daily necessities after more than 40 days Continue Reading
Residents of China’s west, frustrated by monthslong Covid-19 restrictions that failed to extinguish outbreaks, are increasingly taking to social media to air their grievances, marking a potentially embarrassing backdrop for Continue Reading
Russia and China are making moves to dethrone the U.S. dollar in global oil markets. Russian and Chinese hydrocarbon giants, Gazprom and China National Petroleum Corporation, have agreed to switched Continue Reading
Korea Superconducting Tokamak Advanced Research, or KSTAR, scientists have succeeded in sustaining a plasma gas at 100 million kelvin for up to 20 seconds without experiencing significant instabilities. This result Continue Reading
But other energy costs are rising, offsetting relief at the pump. The index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month Continue Reading
Analysts had hoped that oil production at the Permian Basin would hit record highs in October, with the EIA forecasting a 66,000-bpd increase. As the active rig count drops in Continue Reading
Bloomberg survey: Equity strategists, portfolio managers, and retail investors have grown increasingly bullish on energy stocks. A shortage of critical fuels such as natural gas and diesel could boost the Continue Reading
New York Fed survey: U.S. inflation is expected to average 5.7% for the whole of 2023 and contract to 2.8% three years out thanks to falling gas prices. AAA: the Continue Reading
The Biden administration is making preparations for a complete shutdown of the railway system amid failing talks between trade unions and railways. The negotiations have been going on for more Continue Reading
Highlights 70% of US ethanol shipped by rail Strike would interrupt coal deliveries Coal shortage could boost gas demand Commodity markets were closely watching negotiations between US railroads and unions Continue Reading
