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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
IMF Downgrades Global Economic Growth Forecast To 3% Amid Iran War
The International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.5% posted in 2025 with the impact of the Iran war expected to negate gains made by the ...
Canada Eyes Two New Oil Pipelines
The governments of Canada and Alberta signed a Memorandum of Understanding (MOU) on a West Coast oil pipeline on Nov. 27, 2025. The landmark MOU declared the proposed oil pipeline to Asian markets as ...
China Plans 1,000-Satellite Network to Watch Over Central Asia
China is planning to deploy a constellation of over 1,000 remote-sensing satellites to observe Central Asia, according to China’s official news outlets Xinhua and The People’s Daily. The first batch o ...
Oil Prices Jump over 7% as Iran Ceasefire Declared ‘Over’
Oil prices surged over 7% to a two-week high on Wednesday after U.S. President Donald Trump declared that the interim ceasefire agreement with Iran is officially over and dismissed the recently signed ...
Global Nuclear Power Capacity Set to Jump by 44% by 2036
The world’s fleet of nuclear power capacity is expected to surge by 44% over the next decade as China will topple the United States as the biggest nuclear power capacity holder and India will hike its ...
EIA: Crude Oil Inventories in US See Rare Build
Crude oil inventories in the United States saw a surprise increase of 3.0 million barrels during the week ending July 3, according to new data from the U.S. Energy Information Administration (EIA) rel ...
Trump Declares Iran Deal “Over” After Fresh Military Escalation
US President Donald Trump has said the deal with Iran “is over” following renewed fighting in recent hours. Speaking at the NATO summit in Ankara, Turkey, he also said that the Iranian leadership was ...
Vitol Eyes Venezuela Expansion as Oil Industry Returns
Commodity trading major Vitol is planning to establish a presence in Venezuela amid a surge in interest in the country’s oil wealth from the resources industry, Reuters has reported, citing unnamed so ...
63 Million Barrels Of Crude Stuck At Sea As U.S. Pulls Iran Sanction Waiver
Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver that allowed Tehran to sell its oil without penalties. The Iranian a ...
Oil Prices Surge 6% Even as Tankers Push Through Hormuz
Thin tanker traffic through the Strait of Hormuz continued early on Wednesday despite the fresh flare-up in the Middle East, but more vessels appear to be reconsidering moving toward the chokepoint af ...
Bahrain and Kuwait Restore Power After Iranian Attacks
Kuwait and Bahrain have started to restore power to residential areas following Iranian strikes on the two Gulf nations in retaliation for U.S. strikes on Iran in the latest conflagration in the Middl ...
Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation
The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf. At least four oil and LN ...