January 6, 2023
China’s COVID Woes Are Pressuring Supply Chains

China’s COVID Woes Are Pressuring Supply Chains

Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1.18 from November's revised 1.23 reading.
January 6, 2023
$3 Billion Forecast to be Invested in New Anchor Handlers to Meet Floating Wind Demand

$3 Billion Forecast to be Invested in New Anchor Handlers to Meet Floating Wind Demand

Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 megawatts (MW). By 2030, close to 11 gigawatts (GW)…
January 6, 2023
Venezuela’s Oil Exports Fall in Spite of Iranian Assist

Venezuela’s Oil Exports Fall in Spite of Iranian Assist

Venezuela's oil exports last year declined due to infrastructure outages, U.S. sanctions and rising competition in its key Asia market despite assistance from ally Iran, according to shipping data and documents.Exports this year are expected…
January 6, 2023
Diesel Consumption to Fall with US Manufacturing Downturn

Diesel Consumption to Fall with US Manufacturing Downturn

U.S. manufacturers reported business activity declined for the second month running in December and the sector appears to be on the leading edge of a recession. The slowdown in manufacturing and freight has already dampened consumption of diesel and other distillate fuel oils…
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