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Amazon, Walmart Online Orders Likely Delayed by China Lockdowns

Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.

March 15, 2022

China’s COVID Lockdowns Could Threaten Half of Economy

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country’s gross domestic product, with negative implications for economies elsewhere too.

March 14, 2022

Biden’s Oil Demands Collide With Drillers Reining In Output

The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.

March 11, 2022

US Slashes Russia Trade Status

WASHINGTON — President Joe Biden announced March 11 the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.

March 11, 2022

Why Nearly Empty Auto Lots Make This Pump-Price Shock Different

Gasoline soaring above $4 a gallon this month has inspired comparisons to 2008, when pump prices sapped demand for fuel-guzzling SUVs and helped push Detroit’s automotive behemoths into bankruptcy.

March 11, 2022

Oil Traders Jump Into Action as Europe Screams for Diesel Supply

Traders are snapping up ships to haul millions of barrels of diesel westward from Asia and the Middle East as oil supply chains react to Russia’s invasion of Ukraine.

March 11, 2022

ATA Urges Biden to Increase Oil, Natural Gas Production

American Trucking Associations, in a letter sent to the White House, is urging the Biden administration to expand domestic oil and natural gas production.

March 10, 2022

New Jersey Drivers Still Don’t Want to Pump Their Own Gas

Last week, for what seemed like the zillionth time, lawmakers introduced a bill to end New Jersey’s status as the only state that prohibits motorists statewide from filling their own tanks. A Rutgers-Eagleton poll found that 73% of residents prefer to have an attendant do it for them, while 22% said otherwise.

March 10, 2022

Infrastructure Team Outlines Efforts to Deploy Funds

The White House team leading President Joe Biden’s Infrastructure and Investment Jobs Act outlined its efforts to work through state and local governments to help them organize and access $1.2 trillion in federal funds.

March 10, 2022