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China’s new energy heavy trucks will see more growth in 2022
The future of oil demand will in part be determined by those vehicles.
Philippine Congress allows full foreign ownership in telco, rail
The Philippine Congress approved a bill allowing full foreign ownership of telecommunications and railways services, opening up one of the world’s most restrictive economies.
Maersk says container vessel runs aground outside Germany
A.P. Moller-Maersk A/S said that one of its container vessels has run aground outside of Bremerhaven, Germany.
Estonia seeks to expand EU sanctions on Belarusian oil products
Estonia plans to impose unilateral sanctions and call on the European Union to expand its own penalties against Belarusian oil products that are currently being…
Bosporus ship traffic rises as Erdogan plans alternative route
Ship traffic through Turkey’s Bosporus Strait rose in 2021, including record transits by the chemical tankers and large vessels that President Recep Tayyip Erdogan cites…
Pemex holds back barrels in bid to ramp up domestic fuelmaking
Mexico’s crude oil exports, which slumped to a 32-year low in January, are expected to pick up again this month after its state-owned refiner realized…
House lawmaker calls 5G wireless process ‘completely broken’
A top House lawmaker called the U.S. government’s process of auctioning radio spectrum “completely broken” as he prepares to hold a hearing on the recent…
EV startups are wilting in harsh light of public eye
(Bloomberg) -- Electric vehicle startups whose valuations soared after reverse mergers are facing greater scrutiny as public companies, triggering turmoil in their boardrooms.
Kenya to inject $176 million into struggling national airline
Kenya plans to inject 20 billion shillings ($176 million) of capital into the country’s cash-strapped national airline, which is battling to survive after years of…
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Bulk shipping rates extend slide on weak demand from China
A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from…