Uniper appeals for state support as gas crisis worsens
India/Russia/China trilateral trade of cement for yuan
Energy conservation as response to Ukraine war ($FP)
Tokyo scrapes through heatwave and power shortage
Vietnam to cut gasoline import tariffs to limit inflation
U.S. central bank refocuses on inflation control ($WSJ)
U.S. refinery capacity fell in both 2020 and 2021
CHINA’s manufacturers reported a slight increase in business activity this month after lockdowns drove a contraction in April and May but it was not very widespread. The purchasing managers’ index rose to 50.2 in June (31st percentile for all months since 2011) up from 49.6 in May (10th percentile) but it was still down from 50.9 in June 2021 (59th percentile):
U.S. PETROLEUM INVENTORIES including the strategic petroleum reserve fell -1 million bbl to 1,679 million bbl last week. Inventories have declined in 77 of the last 102 weeks by a total of -439 million bbl since the start of July 2020. Stocks are now at the lowest level since October 2008:
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