Category: Shortages

Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors

The New York Times – Business:
Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
Scramble for Jet Fuel Shows How Energy Shortages Are Rippling Across Asia

The New York Times – Business:
As China and other major suppliers of refined oil in the region restrict exports, import-dependent countries are desperate to secure fuel supplies.
Attacks on Energy Infrastructure Could Lead to Much Higher Prices

The New York Times – Business:
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
The Iran War’s Economic Threat to Europe and Asia

The New York Times – Business:
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
The War Is Making It Harder to Keep the Lights On, 2,000 Miles Away

The New York Times – Business:
Bangladesh is taking steps to conserve electricity, which its factories need to keep stitching together the world’s clothing.
Trump Administration Turns to Migrant Workers to Help Farm Labor Shortage

The New York Times – Business:
As the president’s immigration policies squeeze an already tight supply of farm labor, the Trump administration is making it cheaper to hire foreign farmworkers.
Surging Energy Costs Put German Industry ‘Really in Danger’

The New York Times – Business:
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
War in Iran Has India Scrambling to Keep Stoves Lit for Cooking

The New York Times – Business:
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
Why Oil Prices Surged Even After the Release of Strategic Reserves

The New York Times – Business:
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
G7 Countries Hold Off on Releasing Emergency Oil Supplies

The New York Times – Business:
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict

The New York Times – Business:
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
Microsoft Pledged to Save Water. In the A.I. Era, It Expects Water Use to Soar.

Driven by the artificial intelligence frenzy, Microsoft is internally projecting that water use at its data centers will more than double by 2030 from 2020, including in places that face shortages.