Bloomberg Petroleos Mexicanos’ beleaguered mega-refinery project in Dos Bocas could run at least $4.7 billion over budget with just months to go before its grand opening. Pemex, as the state-owned oil company is known, has budgeted $12.5 billion for the project through the end of 2022, and is expected to spend some $2 billion more on the project, according …

Bloomberg Natural gas prices in Europe declined the most in a month with majors buyers in the region saying they can ride out the latest threat to Russian supply. Benchmark futures fell 9.2%, and posted a weekly loss. Russian shipments through Ukraine have dropped this week, but stayed broadly stable — near the lowest since late April — based on …

  Bloomberg The Biden administration urged Abbott Laboratories to do more to ensure low-income families on federal assistance have access to baby formula, amid a nationwide shortage. Agriculture Secretary Tom Vilsack said the company should extend flexibility through the end of August for states and territories to obtain rebates to purchase alternative formulas to ensure supply for people on the …