Russian LNG clout in Europe strengthens as US ships head to Asia
Europe just can’t seem to shake its reliance on Russian liquefied natural gas.
US tops Africa as oil swing supplier, consultant says
American crude grade WTI Midland has replaced West African oil as the swing supplier for markets between the Atlantic Basin and Asia, according to consultancy…
Chinese EVs nab record 11% share in Europe ahead of tariffs
Chinese brands captured 11% of the European electric-car market in June, notching record registrations as manufacturers raced to beat stiff European Union tariffs that took…
ANA Profit Misses Estimates on Low Demand, Higher Costs
ANA Holdings Inc.’s operating profit plunged in the first quarter, failing to meet analyst estimates on increasing costs and weak domestic travel demand.
Australian Airline Rex set to fall into administration
Australian airline Rex is set to fall into administration as soon as Wednesday, people familiar with the matter said, the second domestic airline to fail…
Air New Zealand axes climate goal on sector’s green struggle
Air New Zealand Ltd. scrapped its 2030 climate target as the aviation sector grapples with a lack of cleaner fuels and more efficient aircraft, a…
Venezuelan oil sector faces stagnation under third Maduro term
Nicolás Maduro’s declaration of victory in Venezuela’s presidential race bodes ill for the nascent recovery in the nation’s oil production.
Port Houston surpasses 2M TEUs faster than ever total import TEUs jump 12% in June
Port Houston, the fifth-largest container port in the nation, has surpassed the two million TEU mark faster than ever.
US backs barly extension of trade pact with Africa, envoy says
US President Joe Biden’s administration backed the early extension of a program that will enable more than 30 sub-Saharan African nations to retain their duty-free…
ITS Logistics July Port Rail Ramp Index: Pre-peak season shipping activity with retailers has stressed import volumes at origin
ITS Logistics confirms that the threat of East and Gulf Coast Ports strike could adversely affect U.S. and Canada operations
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