Saudis cut oil prices from record highs amid China lockdowns
Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine…
China’s export growth weakens to 2020 low as lockdowns bite
China’s exports and imports struggled in April as worsening Covid outbreaks cut demand, undermined production and disrupted logistics in the world’s second-largest economy.
EU push to ban Russian oil is stalled by Hungarian demands
Hungary continued to block a European Union proposal that would ban Russian oil imports, holding up the bloc’s entire package of sanctions meant to target…
Europe aims to revive trade deals to secure allies
The European Union aims to secure at least three stalled trade accords this year as the bloc looks to reinforce strategic alliances amid the turmoil…
India reaps export windfall as US, Europe scamper for fuel
India, the world’s third-biggest oil consumer, shipped out gasoline and diesel at near-record volumes in March to profit from the high margins in selling the…
Solar trade probe risks delaying Duke renewable projects to 2024
A U.S. trade investigation into Chinese solar-panel suppliers could delay about 400 megawatts of Duke Energy Corp. projects, the company said Monday.
China oil imports rise as more Russian supply reaches shore
China imported more crude in April, likely on the back of increased tanker supply from Russia.
Seroka says no major dislocation from Shanghai lockdown
There has been no major dislocation of imports from China due to the COVID lockdown in Shanghai
PMA’S Mckenna hopeful about ILWU contract negotiations but admits nobody knows for sure
Jim McKenna, president and CEO Pacific Maritime Association (PMA), is hopeful that contract negotiations set to begin with the International Longshore and Warehouse Union (ILWU)…
Japan’s Kishida says phasing out Russian oil to take time
Japanese Prime Minister Fumio Kishida said it would take time to phase out imports of Russian oil, hours after he joined other Group of Seven…
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