The biggest fall in Chinese cement production in at least two decades has dragged global output of the construction material into decline, demonstrating how a crisis in the country’s vast Continue Reading
The ongoing energy crisis has forced smelters in China and Europe to curb production. Indonesian nickel producers are aiming to ramp up production as prices inch higher. Many feel that Continue Reading
. With so many crises going on in the world right now — Hurricane Ian, suspected sabotage of the Nord Stream pipeline, the war in Ukraine — it can be Continue Reading
A dealership lot in Miami Lakes, Fla., for used-car retailer CarMax, which says high prices, inflation and rising interest rates are slowing demand. Auto executives for months have expressed confidence Continue Reading
The global energy crisis may finally be coming to America. As Europe scrambles to secure LNG supplies, American companies are racing to lend a hand. With more American LNG flowing Continue Reading
Eastbound gas flows stopped on Monday via the Yamal-Europe pipeline to Poland from Germany while Russian supply to Europe via Ukraine was stable and the Nord Stream 1 pipeline remained Continue Reading
Strikes are disrupting TotalEnergies’ (TTEF.PA) oil products refining and delivery for a seventh day at four sites throughout France, a CGT trade union representative told Reuters on Monday. Deliveries and Continue Reading
A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban Continue Reading
Truss had defended the policy on Sunday Kwarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cut in highest tax rate was small part Continue Reading
Eni SpA is working with Gazprom PJSC and Austria to restore Russian natural gas flows to Italy after supplies were halted on Saturday in an apparent scuffle over regulation. The Continue Reading
Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton. The UK faces a “significant risk” of gas shortages this winter Continue Reading
A combination of soaring natural gas prices, an industrial slowdown, and energy-saving measures has sent European gas consumption falling. The International Energy Agency has forecast a 10% drop in annual Continue Reading
Highlights Gazprom to supply only 5.7 million cu m/d to Moldovagaz Blames Ukrainian block on transit via Sokhranivka Moldova able to meet demand until start of heating season Russia’s Gazprom Continue Reading
Gazprom says ‘not possible to supply gas to Eni on Oct 1 Flows into Tarvisio had averaged 15 mil cu m/d in September Marks latest disruption to Russian gas flows Continue Reading
OPEC+ will hold its meeting on Oct. 5 in person in Vienna, an OPEC source told Reuters on Saturday. A virtual option will also be available for some delegations due Continue Reading
Oil prices dipped on Friday in choppy trading but notched their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output Continue Reading
JPMorgan’s Malek Sees Oil Above $100 by End of Year Oil shed nearly 25% to post its first quarterly loss in more than two years as escalating fears over a Continue Reading
Sharp rises in food and fertilizer prices caused by the war in Ukraine are creating the worst global food crisis since at least 2008, putting the lives and livelihood of Continue Reading
OPEC oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, after production in Libya recovered from disruption and Gulf members boosted output Continue Reading
High prices, tight supply, poor China demand hit exports Brazil may deliver record corn crop in MY 2022-23 Dryness seen delaying early planting in Argentina this year Global corn supplies Continue Reading
Skyscrapers in Riyadh, Saudi Arabia. Photographer: Waseem Obaidi/Bloomberg Saudi Arabia is budgeting for Brent oil at around $76 a barrel next year, according to Al Rajhi Capital, an outlook in Continue Reading
The signs of a looming lockdown in Shenzhen, China, had been building for a while. The city had been logging a few coronavirus infections for days. Daily Covid tests were Continue Reading
Brandon Parrum, general manager of CarMax’s Des Moines store, shows off one of the many vehicles that customers can arrange to buy online and collect at the store using “contactless” Continue Reading
A boat storage facility damaged following Hurricane Ian in Venice, Florida. Hurricane Ian will cause $63 billion in losses covered by private US insurers, according to an estimate from a Continue Reading
Oil demand in the US soared during the summer, even as higher pump prices forced many Americans to cut back on driving. Overall petroleum supplied, a proxy for demand, posted Continue Reading
A flooded house following Hurricane Ian in Fort Myers, Florida. Photographer: Eva Marie Uzcategui/Bloomberg Hurricane Ian will continue to wreak damage on Florida’s crops even as it moves to other Continue Reading
Trying to stay afloat during years of drought conditions , New Mexico farmer Nathan Jurva has rented out RV hookups on his land, sold some of his water to oil-and-gas Continue Reading
The number of total active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Florida is beginning to assess the damage caused by Hurricane Ian. The storm left millions of Floridians without power, and sparked fuel shortages across the state. FedEx, UPS, U.S. Postal Continue Reading
The Biden Administration’s calls for U.S. refiners to limit their fuel exports would only lead to a more severe crunch overseas which will push crude oil prices and gasoline prices Continue Reading
Biden: It Will Take Years to Rebuild Florida After Hurricane Ian South Carolina’s oyster suppliers may face weeks of delays in harvesting due to disruptions caused by Hurricane Ian . Continue Reading
Some Florida residents in areas hardest hit by Hurricane Ian face the prospect of being without power for more than a month. Lee County Electric Cooperative , a local utility Continue Reading
Senior Biden administration officials pressed executives from some of the largest US gasoline producers to curtail overseas sales during a tense meeting Friday afternoon, suggesting that without voluntary action, the Continue Reading
U.S. stocks fell Friday, closing out a losing week, month and quarter as investors wrestled with more signs of persistently high inflation. Major indexes have sustained deep losses this year Continue Reading
Highlights Several projects being considered Supply access, infrastructure are challenges LNG liquefaction developers see a role for Mexico in supplying global markets with LNG derived from US natural gas imported Continue Reading
U.S. condemns annexation, imposes new sanctions Zelenskiy announces NATO membership application Says no peace talks while Putin is in power Putin slams neo-colonial ‘Satanic’ West Says U.S. 1945 atomic bomb Continue Reading
Major leaks blamed on sabotage on the subsea Nord Stream gas pipelines from Russia to Europe have put governments from Oslo to Rome on high alert and prompted some to Continue Reading
Russia claims that European Union sanctions are preventing it from maintaining the TurkStream pipeline. The TurkStream pipeline runs under the Black Sea from Russia to Turkey and on to Central Continue Reading
Diesel and petrol stations in France are running out of fuel, according to an industry union, as a refining strike takes its toll. Stations around the le Havre and Lyon Continue Reading
Ukraine said on Saturday it had encircled thousands of Russian troops around the eastern town of Lyman, in a battlefield rebuttal to the Kremlin a day after it proclaimed the Continue Reading
The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea have led to what is likely the biggest single release of climate-damaging methane ever recorded, the Continue Reading
– Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline operator Gaz-System said. The Continue Reading
CHISINAU, Oct 1 (Reuters) – Russia’s Gazprom (GAZP.MM) cut natural gas supplies to Moldova on Saturday by around 30%, the director of gas firm Moldovagaz, Vadim Ceban, said. A day Continue Reading
A gas leak from Nord stream 1 is seen in the Swedish economic zone in the Baltic Sea in this picture taken from the Swedish Coast Guard aircraft on September Continue Reading
Kyiv’s forces are close to encircling a large concentration of Russian troops in eastern Ukraine in what would be a fresh blow to Moscow in the wake of its unpopular Continue Reading
Europe is quickly establishing itself as a leader in the green hydrogen race. The European Commission has approved another $5.2 billion in public funding for green hydrogen projects. The new Continue Reading
Oil prices are on course for their first quarterly loss since 2020, with recession fears driving prices down to an eight-month low last week. There is some upside potential for Continue Reading
Current energy crisis forces intensified this week. Gas prices appear like a leaf in the wind, with little indication on how far they will be carried and in what direction. Continue Reading
Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut Continue Reading
Recession fears have dragged crude prices down $40 from their peak earlier this year. Reduced liquidity has made any price moves even more volatile. Trafigura’s Chief Economist thinks that the Continue Reading
