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BoJ Summary of Opinions: Member says suitable to keep hiking as conditions remain accommodative
The Bank of Japan (BoJ) published the Summary of Opinions from the June monetary policy meeting, wit...
Australian Dollar tumbles as risk aversion and Fed bets lift the USD
The Australian Dollar collapsed by over 1.20% on Tuesday as risk aversion favoured flows into the Gr...
Hormuz closure strands almost 1,200 cargo ships with $125bn worth of goods
‘Unprecedented’ blockade of the strait raises concerns about the future of global maritime trade, sa...
European Airlines Say Jet Fuel Supply Is Under Control for Summer
European airlines are becoming increasingly confident the continent would avoid a jet fuel shortage this summer as refiners maximize jet fuel output and buyers diversify imports to offset supply losse ...
U.S. LNG Is Becoming the Backbone of Global Gas Supply
For years, global LNG markets operated under a fairly comfortable assumption. Qatar would remain a stable supplier, the Middle East would continue functioning as the center of global LNG trade, and bu ...
China Burns More Coal and Gas as Wind and Nuclear Output Falls
China boosted its coal and gas power generation by 3.1% in April from a year earlier as wind and nuclear power output fell. Despite a 1% decline in domestic coal output, China is boosting coal power g ...
Chinese Refiners Slash Crude Runs to Lowest Level Since 2022
Chinese refiners slashed their crude runs to the lowest level since August 2022 as China has reduced refinery utilization and slashed crude imports as oil prices soar amid the Iran war. Crude throughp ...
China’s Coal Output Slips as Imports Extend Decline
China’s coal production last month inched down by 1%, to 385.63 million tons, Reuters has reported, citing official statistics data. The decline was from an all-time high achieved in March. Over the f ...
Oil Shortage Scenario Looms Large
The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on a global scale is becoming increasingly realistic with each day that the Strait of Hormuz remains a ...
Mexico’s Renewable Energy Revival Sparks $4.75 Billion Investment Wave
After years of delays and restrictions to private investment, Mexico’s renewable energy sector is expected to undergo a transformation as President Claudia Sheinbaum encourages greater private sector ...
Trump Administration Pledges SPR Refill With Bonus Oil Barrels
The Trump administration will put back into the Strategic Petroleum Reserve whatever oil it takes out—and then some—during the current emergency drawdown period, Energy Secretary Chris Wright said at ...
US Oil Rig Count Jumps amid Rising Crude Prices
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 ...
Mexico's President Announces the Resignation of Pemex CEO Victor Rodríguez
Mexican President Claudia Sheinbaum announced on Thursday that Pemex CEO Víctor Rodríguez is stepping down, naming the state oil company’s chief financial officer, Juan Carlos Carpio, as his replaceme ...
Chinese Tankers Resume Hormuz Transit Under Iran Coordination
During President Trump's ongoing state visit to China, he and President Xi Jinping agreed that the Strait of Hormuz must be open for the free flow of energy. They along with their senior officials ...
How the Hormuz Crisis Is Threatening Taiwan’s Power Grid
Taiwan’s LNG problem has turned from a diversification debate into an energy-security test. The island is 99% dependent on imported natural gas, and in 2025 roughly one-third of its 23.6 Mt of LNG imp ...