EU cannot be a green island in a dirty world ($FT)
Oil consumption and moderate recessions ($BBG)
U.S./EU examine Russia oil embargo + tariff plan
U.K. inflation accelerates to 9% fastest since 1982
China’s LNG imports set to rise from August ($BBG)
U.K. explores extensions for coal and nuclear ($BBG)
Texas electricity supply hit by congestion on grid
German refinery at risk from Russian oil ban ($BBG)
Austria tries to encourage industry to store gas
U.K. orders competition probe into fuel retailing
U.S. MANUFACTURING output in the three months Feb-Apr was almost 6% higher than in the same period a year earlier, showing momentum in the business cycle but also why supply chains are struggling to cope and prices are escalating rapidly. Rapid growth in manufacturing explains why diesel is short supply and prices are escalating:
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