Continued dry weather has driven Rhine water levels lower, boosting industrial shipping costs, Germany’s Federal Waterways and Shipping Administration (WSV) said. The navigation depth at the Kaub bottleneck near Koblenz was about 15 cm on Monday, down from 26 cm on Friday, forcing vessels to operate with reduced loads. As load factors fell, tanker freight from Rotterdam to Karlsruhe rose to about €185–190/t on Monday, versus roughly €180/t last week. WSV expects no material improvement in the co

QatarEnergy CEO says the second and third trains of the Golden Pass LNG project will enter service in 2027.

Fed’s Goolsbee warned the Fed cannot ignore repeated, persistent supply shocks and may need to respond in ways that cause economic pain. He said supply shocks are occurring more frequently, with greater magnitude and longer duration, and if they prove persistent the argument for ‘‘ignoring’’ them no longer holds. Policy responses to supply-driven inflation need not be as aggressive as for demand overheating, but the adjustment will not be painless, he added, noting stagflationary shocks force a painful trade-off between employment and inflation and the only route back may be a hard one.