Europe’s energy crisis is unleashing a global battle over liquefied natural-gas (LNG) tankers, with rates to charter the specialized ships jumping to record highs.

After years of pandemic-driven port congestion, supply chain bottlenecks and limited freight capacity, the Russian invasion of Ukraine turned what was already a tight fuel market into an energy crisis.

With average temperatures rising and heat waves become more frequent and intense, infrastructure and in particular roads are increasingly vulnerable to human-induced global warming.

Despite uncertainties, utility companies must continue to provide seamless and consistent services to their customers. In this environment, the role of procurement becomes even more critical.

Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March.

The Rhine River is set to become virtually impassable at a key waypoint in Germany, as shallow water chokes off shipments of energy products and other industrial commodities along one of Europe’s most important waterways.

The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance from maritime insurers that it cannot be reliably enforced.

Supply chain managers are deploying technologies to generate insight and prevent disruptions, but operations won’t reach their full potential until they have a reliable source of wireless power to the devices running the show.

Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow, via Egypt’s El Hamra oil terminal.

China’s announcement of military drills around Taiwan as U.S. House Speaker Nancy Pelosi visits the island is already having ripple effects across global supply chains, prompting detours and causing delays of energy shipments.