Gasoline stations in France are facing issues getting enough supplies to meet demand amid a strike announced by workers of energy giant TotalEnergies. “There are temporary problems regarding distribution,” French government spokesman Olivier Veran told RMC Radio and BFMTV. Although 15 percent of the country’s gas stations were experiencing such “temporary difficulties” overall, 90 percent…
French Gasoline Stations Running Dry, 10 Percent in Paris Area Face Supply Problems
Biden Outlines Plan to Fight Inflation; US May See Fuel Crisis Worse Than ’70s: IEA | NTD Business
President Joe Biden tells us his plan for fighting inflation in an op-ed in the Wall Street Journal. He calls it his top economic priority. The European Union agrees to a partial ban on Russian oil, trying to deal a fresh blow to Moscow over its invasion of Ukraine. Sky-high gas prices in the United States…
China’s Export Growth Likely Eased in September on Electricity Curbs: Reuters Poll
BEIJING—China’s export growth likely slowed in September as electricity rationing hit production at home, while a shift in consumption towards services as developed economies reopened likely reduced global appetite for Chinese goods, a Reuters poll showed on Tuesday. Exports are expected to have risen 21.0 percent in September from a year earlier, according to the…
Germany Sees No Sign of Fuel Shortage Like in Britain
BERLIN—Germany does not see any sign that it could face the same kind of fuel shortages suffered in Britain, a spokesperson for the economy ministry said on Wednesday. “We do not see any shortages in Germany,” the spokesperson told a government news conference. “The supply situation is good, security is high.” Britain has been gripped…
Washington DC Running out of Gas, Even as Colonial Pipeline Recovers
WASHINGTON—Washington, D.C., was running out of gasoline on Friday, even as the country’s largest fuel pipeline network ramped up deliveries following a cyberattack and officials assured motorists that supplies would return to normal soon. The six-day Colonial Pipeline shutdown was the most disruptive cyberattack on record. Widespread panic buying continued two days after the pipeline…
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