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China's Car Sales Slump As Gasoline Demand Craters
China's Car Sales Slump As Gasoline Demand Craters
Authored by Irina Slav via OilPrice.com,
Chinese car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well.
According to Bloomberg data, total car sales in China last month hit 1.4 million. This was the lowest since 2022, when China was still in the grip of Covid lockdowns. Internal combustion engine car sales suffered a decline of over 30%, while EV and...
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Jun 2, 2026 / Tyler Durden
The Cost Of The Grain That Feeds Half The World Just Posted Biggest Monthly Surge Since 2008
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Asian rice prices logged their biggest monthly gain in nearly two decades in May, as a Gulf energy shock collides with an expected El Niño event later this year. The spike adds to the mounting risks of a broader food price shock that could emerge as soon as six months from now.
Any time rice prices spike, it is a major concern because the grain feeds more than half the world's population, estimated...
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Mar 22, 2026 / Dave DeCamp
Lindsey Graham on Iran’s Kharg Island: ‘We Did Iwo Jima. We Can Do This.’
Sen. Lindsey Graham (R-SC) on Sunday called for the US to capture Iran’s Kharg Island, where most of the country’s oil exports pass, comparing the potential operation to the Battle of Iwo Jima in World War II. “Here’s what I’d tell President Trump: Keep it up for a few more weeks, take Kharg Island … […]
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