Oil recovers after wild ride with OPEC+ supply path in focus
Oil rose after a volatile run as investors juggled an uncertain supply outlook with concerns that demand in virus-hit China will slip further.
China pauses some purchases of Russian oil ahead of price cap
China’s crude buyers have paused purchases of some Russian oil as they wait for details of a US-led cap to see if it presents a…
New Zealand posts record annual trade deficit as imports surge
New Zealand’s trade deficit swelled to a fresh record in October following a surge in imports of consumer goods and cars that suggest domestic demand…
India’s big plans for cleaner jet fuel face a string of hurdles
At the foothills of the Himalayas, in the city of Dehradun, India’s government is working on a jet fuel it hopes can help clean up…
Norfolk Southern to buy Cincinnati rail line for $1.62 billion
Norfolk Southern Corp. agreed to acquire Cincinnati Southern Railway, tightening the company’s grip on a critical 337-mile line it already operates under a lease agreement.
US orange juice imports from Brazil surge as Florida suffers setbacks
The US is stocking up on Brazilian orange juice after Hurricane Ian and disease devastated citrus groves in Florida, the top producing state for the…
Airlines still see return to profit next year in first since 2019
The airline industry remains likely to return to profit next year, with high employment levels and growth in key economies sustaining demand even as household…
China buying more Australian wheat than ever despite trade row
China is buying more Australian wheat than ever even after diplomatic relations between the two countries frayed in recent years.
UK Brexit debate returns with Sunak under pressure on immigrants
Prime Minister Rishi Sunak came under pressure on Monday to ease economic tensions with the European Union and let more skilled workers into the UK…
India’s oil buyers make a push for Russia crude before sanctions
India’s oil refiners are looking to pick up a bit more Russian crude in last-minute purchases just weeks before new sanctions take effect.
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