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China’s growing debt burden limits space for economic stimulus
Mounting interest payments restrict headroom to revive domestic demand, say experts...
US hits commercial tanker in Gulf of Oman as tensions flare
The ship tried to break through America’s naval blockade of Iranian ports, Central Command says of i...
Emergency Oil Releases Risk Draining the World’s Last Supply Cushion
Earlier this week, the International Energy Agency, after consulting with G7, said it would release ...
Baltic Dry Index Breaks Out as a “Perfect Storm” Hits Shipping
The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squee ...
UK Borrowing Costs Surge as Oil Shock Rattles Global Markets
The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen in the financial crisis. The yield on the 10-year UK g ...
Norway Seizes Russian Cruise Ship to Enforce Naftogaz's $4.22 Billion Claim
Norway has seized a Russian commercial cruise ship off the Svalbard archipelago at the request of Ukrainian oil and gas firm Naftogaz, which is seeking enforcement of a $4.22 billion award over Russia ...
U.S. Diesel Prices Surge Toward All-Time High
The average price of diesel in the United States hit $5.7832 per gallon on Thursday, which is just three cents lower than the record-high of $5.8159 in mid-June 2022, when the Russian invasion of Ukra ...
Russia Says Oil Output Drop Is Temporary as Refineries Restart
The dip in Russian oil production is only temporary, as output is expected to recover once refineries come back online after unscheduled maintenance, Deputy Prime Minister Alexander Novak said on Thur ...
Europe’s Russia Sanctions Have a Major Blind Spot
Over the last two years, the EU and UK have emerged as leading actors in imposing sanctions on Russia. But people like Maria Demertzis, Professor at the European University Institute in Italy, have ra ...
The AI Boom Could Triple Data Center Water Use by 2030
The massive data center capacity scale-up underway has focused attention on the scale of water required for these facilities to operate. Rystad Energy estimates that without water-saving measures in p ...
Russia’s Energy Crisis Puts Kazakhstan in a Tough Spot
Kazakhstan is trying to keep the Kremlin at arm’s length amid Russian efforts to lean on Central Asian states for help in bolstering Moscow’s staggering war economy. Ukraine’s ongoing drone campaign h ...
The Iran War Has Turned VLCCs Into $650,000-a-Day Assets
More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday, according to Balti ...
U.S. Oil Rig Count Falls by 5 as Gas Rigs Rise
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US ...
Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure
Natural gas prices in Asia and Europe jumped on Friday as the market digested reports that Qatar has extended the force majeure on its LNG deliveries into November amid still blocked transits through ...
Oil Shrugs Off Trump’s ‘Toughest Sanctions in History’
Oil holds near $90 despite sweeping Iran sanctions as uncertainty over Hormuz transits keeps markets on edge. Friday, August 28, 2026 The US announcement of ‘toughest sanctions in history’ against Ira ...