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Germanys GfK consumer confidence index fell to -28 in April, the lowest level since March 2024.On March 26, S&P Global Energy analyst Lucien Muhlberg stated, "We expect this natural gas price crisis to prompt some countries to reconsider their natural gas demand growth rates, thus LNG demand growth will also be lower than our pre-war forecasts." S&P Global Energy projects that Qatar and the UAE will reduce their natural gas exports by 33 million tons this year. Furthermore, due to potential delays in the expansion of Qatars North Field gas field and the Ruwais LNG project under construction by Abu Dhabi National Oil Company, S&P has further reduced its expected supply by 19 million tons per year from 2027 to 2029.March 26 – At a briefing of the House Armed Services Committee on Wednesday, many House Republicans expressed growing frustration over the objectives and duration of a potential war with Iran. Among them was Republican Representative Nancy Mays, who claimed she stormed out of the briefing and would reject any requests for additional funding for the war. “I think the House Armed Services Committee was misled at the briefing. They didn’t provide many answers,” Mays said. “The longer this drags on, the less support there will be for Republicans.” The representative also criticized recent comments from Republican Senator Lindsey Graham, who claimed the U.S. should continue fighting Iran and seize control of Kharg Island. “I will not let the children of South Carolina go to war and die for oil prices. I will never do that,” Mays said. “I think Graham is so arrogant that he hasn’t seriously thought about or considered the consequences of us taking Kharg Island.” “Tell me, what war have we won in the last 70 years?” Mays asked.Australian Prime Minister Albanese: Our newly passed law aims to combat the rampant rise in petrol prices. We will double the fines for companies that violate the rules.French Economy Minister: The government is currently maintaining its GDP growth forecast at 1%.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."