Seven coalition members have pledged supply curbs totaling about 900,000 barrels a day this quarter, in tandem with a 1 million-barrel reduction by group leader Saudi Arabia.
The Chinese auto industry is also trending down after carmakers were forced to delay the delivery of some vehicles due to a production issue with computing units made by Huawei.
Overall, the report found most executives are feeling optimistic about business. Less than 10% of respondents expected sales to decrease year-over-year.
Venture-capital investments in supply-chain technology startups fell to $780 million in the fourth quarter of last year, down from $5.2 billion in the same quarter two years earlier.
Farmers have been choking roadways across the country to protest higher production costs, stringent regulations imposed from Brussels and what they call unfair competition from abroad.
Two senior officials said a recent boom in U.S. LNG exports prompted the need for an analysis of the entire domestic gas market, the U.S. gas industry’s first since 2018.