Saudi Arabia and other OPEC oil producers are discussing increasing crude output by up to 500,000 barrels a day. (WSJ)
U.S. oil prices fell toward their lowest levels of the year. (WSJ)
U.S. officials are pressing Russia’s major trading partners to enforce sanctions and trade controls, as exports to the country pick up. (WSJ)
Online used-car dealer Carvana is rushing to conserve cash as financing dries up and business deteriorates. (WSJ)
Cargill Chief Operating Officer Brian Sikes will take over as CEO of the agriculture commodities giant at the start of 2023. (WSJ)
Apple extended the wait time for its new iPhone 14 in China into next year. (South China Morning Post)
South Korean truckers plan their second strike of the year starting Thursday. (Bloomberg)
Container lines are set to cancel two-thirds of trans-Atlantic sailings and more than half on the transpacific in the runup to Christmas. (TradeWinds)
Port of Mobile, Ala., dockworkers plan to strike at breakbulk operations starting today. (Journal of Commerce)
Workers at Chile’s San Antonio port resumed a strike as part of a countrywide industrial action. (Maritime Executive)
Sea container platform Container xChange says the shipping downturn has created a glut of empty boxes. (Supply Chain Digital)
QatarEnergy signed a 27-year agreement to provide liquefied natural gas to China. (Splash247)
Earnings from product tankers have grown an average of 300% since Russia invaded Ukraine as vessels travel longer, capacity-consuming distances. (ShippingWatch)
Product tanker operator Hafnia swung to a $280 million quarterly profit on surging shipping rates. (TradeWinds)
The largest graphite supplier outside China warns supplies of the key battery material will be constrained in coming years because of an “opaque” market. (Financial Times)
Specialty retailer Party City named a new chief operating officer to optimize its supply chain. (Retail Dive)
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