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British Pound trades lower against Japanese Yen as BoJ hawkishness lifts the Yen
GBP/JPY trades on the back foot on Wednesday as the Japanese Yen (JPY) outperforms its major peers f...
United States New Home Sales (MoM) came in at 0.58M below forecasts (0.64M) in May
United States New Home Sales (MoM) came in at 0.58M below forecasts (0.64M) in May...
LNG Tanker Heads for Hormuz Amid News of Reopening
A liquefied natural gas tanker has headed for the Strait of Hormuz, following an announcement by President Trump that he had struck a deal with Iran for the reopening of the chokepoint. Itan confirmed ...
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. At the time of writing, Brent crude had ...
Nuclear Drives “All of the Above” Trend in Energy Security
Japan plans to rebuild over a dozen nuclear reactors by 2050; China is building seven new ones this year alone; in the U.S., two companies are building a hybrid nuclear-and-gas power plant; Germany ad ...
Alaska’s Untapped Oil Wealth Is Still Struggling to Find Investors
Alaskan oil and gas production has always been a complicated issue, as energy companies want to tap the region’s vast reserves and environmentalists fear irreparable damage to the vulnerable ecosystem ...
Silicon Valley’s AI Dreams Face a Blue-Collar Reality
Most discussions about artificial intelligence focus on chips, data centers, power plants, and electricity demand. Those are all important. But another bottleneck is beginning to emerge, and it may pr ...
Fiji Blocks Controversial Australian-Backed Waste Incinerator Project
Fiji has rejected Australia’s proposal to ship waste to the South Pacific country to burn and produce energy, with Fiji’s ambassador to the UN, Filipo Tarakinikini, saying, “[We] must not become the P ...
Fuel Tax Changes Hit Six States As Energy Inflation Accelerates
Oil markets extended their decline on Friday, with crude prices falling sharply after U.S. President Donald Trump said a peace agreement with Iran was close and canceled previously threatened military ...
The Promise and Peril of Jamaica’s Offshore Oil Ambitions
Jamaica may be following in the footsteps of its Caribbean neighbours, such as Guyana, as it plans to drill for oil, despite being highly vulnerable to climate change. In recent years, Caribbean oil e ...
UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude
The UK has finally put a date on the sanctions loophole it said it would close a while ago. The British government said Friday that imports of diesel and jet fuel refined from Russian crude in third c ...
Russia, China, and Iran Are Joining Forces Against Western Pressure
Russia, China, and Iran are increasingly creating a strategic alliance of convenience that US policymakers must confront as it seeks to disrupt global order, according to a group of US experts and for ...
Rising Energy Bills Are Fueling a Global Home Battery Boom
Consumers are battling higher energy bills worldwide due to rising inflation and greater price volatility of oil and gas, driven by significant restrictions on energy trade through the Strait of Hormu ...
The Oil Market Could Be Weeks From a Breaking Point
Three and a half months after the blocked Strait of Hormuz created the worst oil supply disruption in history, oil prices remain below $100 per barrel amid hopes of an imminent U.S.-Iran deal. It’s no ...