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BREAKING주요 뉴스
Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis
The cost of shipping crude oil soared to record highs last month as the Iran war reshuffled trade ro...
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 ...
Southeast Asia Needs More Power, But Its Weak Grid Could Be a Problem
The war in Iran has exposed a critical vulnerability in Southeast Asia’s energy markets. The region ...
Trade Is Slowly Opening One of the World's Most Isolated Nations
Azerbaijan is working hard to coax Turkmenistan out of its shell and integrate Ashgabat into trans-Caspian trade routes. Azerbaijani leader Ilham Aliyev exchanged a variety of trade-related agreements ...
Canada Building West’s First Grid-Scale SMR
Construction has begun on the Western world’s first grid-scale Small Modular Reactor (SMR), though small is not what comes to mind, considering that the machine will fit on two soccer fields. Accordin ...
U.S. Crude Inventories Post Another Major Draw
Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wedn ...
Euro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut Bets
The euro has sunk to a one-year low, with easing of tensions between the United States and Iran helping to cool oil prices and raise expectations that the European Central Bank will turn more dovish. ...
China’s Teapot Refineries Cut Operations to Their Lowest Level Since 2017
The independent refiners in China, the so-called teapots, have slashed their refinery run rates to the lowest level since 2017, as high feedstock prices, weak domestic fuel consumption, and restricted ...
Malaysian Major Makes Gas Discovery in Suriname
Malaysia’s state energy firm Petronas has made a natural gas discovery offshore Suriname, the country’s president said this week, as quoted by Reuters, expecting the Malaysian major to make the final ...
Trump Orders Gas Price Gouging Probe
President Trump has ordered an investigation into possible price gouging at fuel stations, an investigation he announced in a social media post. “The big Oil Companies are not dropping their price at ...
The AI Boom Is Set to Fast-Track China's Coming Nuclear Energy Dominance
The United States is still the largest producer of nuclear energy in the world – but probably not for long. Decades of political ambivalence have left the domestic nuclear sector in a state of neglect ...
US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels in the week ending June 19. In the week prior, US crude oil inventories fell by ...
Tanker Owners Are Having the Best Week of the Hormuz Crisis
The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money. As Middle Eastern producers scramble to move crude that has spent months stranded ...
El Niño, War, and Fertilizer Costs Create a Dangerous Inflation Cocktail
Rory Green, TS Lombard's chief China economist, is the latest Wall Street strategist to warn of the mounting macro and food inflation risks that a super El Niño could release on certain regions of the ...
Iran Moves to Tap Key Asian Markets as U.S. Waives Oil Sanctions
Iran is pitching its oil to Asian buyers outside China, contacting India, South Korea, and Japan, as the United States issued a temporary two-month waiver allowing Iranian oil sales, including in U.S. ...