M:2DZ

Australia power crisis forces manufacturers to eye offshore moves, production cuts

Australia power crisis forces manufacturers to eye offshore moves, production cuts

SYDNEY, June 20 (Reuters) – Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the government to resolve the country’s energy crisis. The CEOs of Brickworks Ltd (BKW.AX), the country’s largest brickmaker, and Boral Ltd …

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US energy chief to discuss record pump prices with refiners next week

US energy chief to discuss record pump prices with refiners next week

WASHINGTON, June 16 (Reuters) – US Energy Secretary Jennifer Granholm called an emergency meeting with refining executives for next week, a department spokesperson said on Thursday, as tensions between the Biden administration and Big Oil mount over soaring gasoline prices. The planned talks come as President Joe Biden, under pressure over record prices with inflation …

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