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BREAKING주요 뉴스
RBA set to hold interest rate at 4.35% as softer inflation cools hike bets
The Reserve Bank of Australia (RBA) is on track to keep the Official Cash Rate (OCR) steady at 4.35%...
The Hormuz Shock Is Far From Over
The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely ...
Whatever Happened to the Promise of Cheaper Electricity?
As readers of Adam Smith know, the market functions to provide consumers with goods and services at the lowest price (within limits set by law). Yet, several years ago, we submitted a piece claiming t ...
How the Oil Sands Became the Lowest-Cost North American Producer
After the oil price crash of 2014-15, global energy majors like BP (NYSE:BP), Chevron (NYSE:CVX), and TotalEnergies (NYSE:TTE) sold their interests in the Canadian oil sands, at the time classifying t ...
Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley
The Kazakh government has inked a $10 billion deal with US chip-making giant Nvidia and an Armenian-American cloud company to develop a 'Data Center Valley' in the country’s northern Pavlodar region. ...
IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns
The global oil market could swing from one of the largest supply disruptions in history to a surplus of more than 5 million barrels per day next year if Middle East production and exports recover foll ...
Artificial Intelligence Is Driving a Geothermal Energy Boom
The artificial intelligence boom is fueling an energy revolution. The extreme electricity demands of the fast-growing sector are kicking the research and development of a huge number of next-gen energ ...
Exxon Set to Supply LNG to South Africa’s First Import Terminal
ExxonMobil and the company developing South Africa’s first LNG import terminal have signed a preliminary agreement for the U.S. supermajor to supply LNG to the proposed import terminal at the Port of ...
Shipping Industry Remains Wary Despite U.S.-Iran Agreement
Shipping firms remain reluctant to navigate the Strait of Hormuz sea passage despite this week’s peace deal, according to a boss of the industry’s lobby group who warned that trade volumes will not re ...
TotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027
A major Saudi Arabian refinery damaged during the Iran conflict will not return to full operations until early 2027, according to TotalEnergies CEO Patrick Pouyanné, raising fresh concerns about the p ...
US Crude Oil, Gasoline Inventories Still Falling: EIA
Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wedn ...
Poland Moves To Tax Fuel Windfalls Earned During Iran War
Poland’s government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent prote ...
Trump Signals Renewed Focus on Ukraine After Iran Deal Breakthrough
US President Donald Trump held a "very good meeting" with his Ukrainian counterpart, Volodymyr Zelenskyy, at the G7 summit in France, he told journalists on June 16, adding that "Russia should make a ...
Falling Murban and Dubai Prices Open Arbitrage to U.S. and Europe
Crashing prices of Middle East’s key benchmark crudes in the wake of the U.S.-Iran deal have opened arbitrage for shipping oil from the Middle East to the United States and Europe, traders told Reuter ...