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The top executive at Woodside Energy Group Ltd.’s $17.5 billion liquefied natural gas project in Louisiana has departed, effective Monday, just over a year after she was hired, according to a company memo seen by Bloomberg.
Source
Bloomberg Markets
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Lower crude prices improves inflation outlook and eases pressure on current account deficit.
China’s consumer spending contracted last month for the first time since the pandemic and investment deteriorated, exposing risks still facing the economy even as it benefits from booming exports and a deescalation in tensions around Iran. UBS Securities Chief China Economist Yu Song shares his analysis. (Source: Bloomberg)
China's retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
Chinese oil refiners sharply reduced output last month to the weakest level in nearly four years, after the country’s crude imports plunged to an eight-year low due to the near-halt to shipments from the Persian Gulf.
