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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...
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...
Iran Blacklists 45 Tankers as Hormuz Standoff Escalates
Iran has blacklisted 45 oil, LNG, LPG and product tankers using the Strait of Hormuz, threatening fines, detention and cargo confiscation as Tehran retaliates against Washington’s looming “economic D- ...
Japan Power Prices Surge to Highest Since 2023
Japan’s nationwide day-ahead electricity price soared by 20% in one week to settle on Monday at the highest level since January 2023, as gas supply disruptions from the Middle East and an intense heat ...
Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure
Iran has made a new gas discovery in the southern province of Fars, with the oil ministry reporting estimates of 7.5 trillion cubic feet of gas, of which 73% is recoverable, or 5.7 trillion cu ft. Ira ...
Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business
Exxon is in the running for Shell’s U.S. chemicals business that could fetch $8 billion, the Financial Times reported today, citing unnamed sources familiar with developments. The U.S. supermajor is c ...
Europe Dodges a Rhine Crisis for the Worst Possible Reason
The Rhine has slightly risen from its mid-August record low (when Kaub’s water level gauge – at the river’s decisive chokepoint – was below 10 cm), but the relief is mostly optical. Barges still canno ...
The Gas Turbine Shortage Just Became AI’s Biggest Constraint
Order a heavy-duty gas turbine from GE Vernova today and it won’t arrive until 2031. That’s the company’s actual production schedule, confirmed on its July 22 earnings call, and it’s the fact sitting ...
Clean Energy Spending Tracking Toward Record $180 Billion in 2026
Donald Trump is accidentally overseeing a massive buildout of the country’s renewable energy capacity and infrastructure. Not only are investments in renewable technologies soaring to new highs, the n ...
IEA: Southeast Asia Needs Grid Investment to Nearly Quadruple by 2050
Southeast Asia needs to invest heavily in upgrading and modernising its transmission networks if countries across the region hope to deploy larger quantities of renewable energy over the next decade. ...
Low Rivers, High Stakes: Europe's Nuclear Cooling Crisis
The extreme heat experienced across Europe in recent weeks has caused widespread disruption to nuclear power plants. Governments across the region have been forced to take extraordinary measures to ke ...
Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way
Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it. Baghdad is targeting output of between 8 million and 10 million barrels per day, up from roughly 4 m ...
Tankers Wait a Month as Venezuela Hits an Oil Export Ceiling
Venezuela has plenty of oil buyers again. What it does not have is enough functioning port infrastructure to get them their crude. Tankers are waiting as long as 30 days to load Venezuelan oil as agin ...
China Challenges Russia’s Arms Dominance in Central Asia
China is challenging Russia’s stranglehold on Central Asia’s arms market. Uzbekistan appears to have taken delivery of four PRC-made ChengduJ-10CE multi-role combat aircraft, according to multiple rep ...