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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 ...
Norway's Arctic Oil Pitch Falls Flat in Brussels
The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for the EC has told ...
U.S. Diesel Hits Record $6.50 as Global Fuel Crunch Deepens
The average retail price of diesel in the United States topped $6.50 per gallon this weekend amid a worsening global fuel crunch that threatens to hit economies, including the world’s largest. The nat ...
Pakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran Deal
Pakistan is set to receive an LNG cargo from Qatar after having negotiated with Iran the safe passage of the shipment through the Strait of Hormuz, sources familiar with the deal told Bloomberg on Mon ...
Europe’s Fuel Crisis Spreads From Diesel to Jet Fuel
Europe is reeling from a diesel supply crunch, and now another squeeze is looming on the horizon, as jet fuel supply tightens ahead of the final quarter of the year. Per Energy Aspects, the shortfall ...
Strait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows Rise
Commodity vessels traversing the Strait of Hormuz declined further, with just a dozen commodity vessels in total making the passage this weekend, Reuters has reported. This compares to 35 tankers and ...
Oil Prices Slide as Traders Bet on Iran Diplomacy
Crude oil prices started the week with a slide, moving down to the lowest in a week on renewed hopes about a diplomatic resolution of the war in the Middle East, despite the absence of any evidence th ...
Big Oil’s Production Keeps Soaring Despite Deep Spending Cuts
Some of the world’s largest oil and gas companies have adopted a new modus operandi ever since the historic oil price crash of 2020 devastated energy companies, prioritizing returning more cash to sha ...
Hormuz Crisis to Push Global Coal Demand to Record High
The International Energy Agency expects coal demand to increase this year in response to ongoing oil and gas trade constraints stemming from the closure of the Strait of Hormuz. Several countries have ...
China Will Dominate Global Nuclear Energy Through 2035, Analyst Says
The future of nuclear energy is in China’s hands. While the United States remains the world’s largest producer of nuclear energy, China’s sector is growing at such a rapid clip that it is expected to ...
New York’s $75 Billion Climate Liability Law Faces an Uncertain Future
In 2024, New York Governor Kathy Hochul signed a law requiring large fossil fuel polluters to pay up to $75 billion in damages. However, after two years, a federal judge has ruled that the law conflic ...
Energy Giants Are Betting Billions on a World of Longer Oil Routes
Global maritime and energy markets are currently showing two significant developments. Both indicate they should not be treated as separate market stories, but as an intertwined sector. Abu Dhabi’s AD ...
Europe Outbids Asia for LNG as Prices Surge 150%
Liquefied natural gas prices on the spot market are moving higher as demand picks up seasonally and Asian importers are souring on the fuel. European buyers are stepping up purchases, however, despite ...