industrial output at highest in nearly two years

View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China posted its biggest industrial output expansion since February 2022 in November, though retail sales growth underwhelmed expectations, pointing to a patchy recovery in the world’s second-largest economy. China’s industrial output grew 6.6% in November from a year earlier, according to … Read more

What the COP28 deal means for the U.S. amid record oil and gas output

U.S. President Joe Biden meets with Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, D.C., US, on Friday, Sept. 16, 2022. Bloomberg | Bloomberg | Getty Images A landmark agreement to shift away from fossil fuels thrusts U.S. policy into the global spotlight, with campaigners demanding … Read more

The Annular Solar Eclipse Will Decimate US Solar Energy Output

To cope with the eclipse, grid operators need to line up enough alternative power sources to fill tomorrow’s gap. The lineup will be decided day-of, but will potentially include firing up natural gas plants earlier in the day, as well as tapping grid-scale batteries that have been charged overnight. Perhaps even trickier is smoothly getting … Read more

‘I would not forfeit the precautionary approach’ to oil output

Saudi Energy Minister Prince Abdulaziz bin Salman addresses the opening session of the Middle East and North Africa Climate Week in Riyadh, on Oct. 8, 2023. Fayez Nureldine | Afp | Getty Images The influential Saudi and Russia-led oil producers’ alliance is preventively prepared to wait months for guidance from “real numbers” before adjusting policies … Read more

July industrial output, mounted asset, retail miss expectations

China’s huge actual property market has struggled after a long time of debt-fueled, fast development. Bloomberg | Bloomberg | Getty Pictures BEIJING — China reported July information that broadly missed expectations. The Nationwide Bureau of Statistics report additionally didn’t embrace the unemployment determine for younger folks, which has soared to report highs in current months. … Read more