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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...
Tanker Rates Smash $1 Million a Day as Oil Shipping Crisis Deepens
The daily rate for commissioning a tanker topped $1 million for the first time in history amid a tightening supply of vessels to carry crude oil and fuels whose owners are willing to dare the Strait o ...
Oil Above $100 Pushes U.S. Fuel Prices to New Records
Oil markets appear to have reached the inflection point that many analysts had predicted weeks ago as the Middle East conflict re-escalated with no diplomatic push in sight and global inventories cont ...
Shale Oil Now Makes Up 72% of Argentina's Crude Output, Data Shows
Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, ...
Inside Putin’s $135 Billion Arctic Gamble That Could Save His Ukraine War
Back in early February 2022, Vladimir Putin had his first in-person meeting with his Chinese counterpart Xi Jinping for nearly two years, at the opening of the Winter Olympics ceremony in Beijing. To ...
AI Data Centers Are Driving Southeast Asia's LNG Demand Through the Roof
The artificial intelligence boom is sending Southeast Asia’s natural gas demand projections through the roof – but prolonged price hikes triggered by the war in Iran could turn the region toward renew ...
Saudi Oil Crisis Is About to Hit Europe
Saudi Arabia’s oil supply crisis is rapidly becoming Europe’s problem. The September 10 attacks on Saudi Arabia’s East-West Pipeline struck the system at multiple locations and damaged at least one pu ...
Continental Strikes Venezuela Oil Deal with PDVSA
Continental Resources signed a memorandum of understanding with Venezuela's state oil company PDVSA on Wednesday to operate and develop the Ayacucho 2 Block in the Orinoco Belt, the company announced, ...
Export Constraints Curb Kazakhstan’s Ability to Offset the Global Oil Shortage
Kazakhstan, which has major oil reserves, is not in a position to help offset a looming energy crisis by expanding production, industry analysts say. With the Strait of Hormuz blocked, Russia sanctio ...
Leaked EU Draft Would Scrap Hydrogen Mandates for EU-Wide Target
A leaked European Commission impact assessment working document for the upcoming Renewable Energy Directive, RED IV, signals a potentially significant shift in renewable fuels policy after 2030. The d ...
Equinor Targets 15 Million Tons of LNG as Qatar Exports Stay Blocked
Equinor plans to expand its global LNG portfolio to between 10 million and 15 million tons a year in the early 2030s, targeting European and Asian buyers left short on supply by the Strait of Hormuz b ...
Energy Shock Puts Bank of England Under Pressure to Raise Rates
The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation. Investors ...
Russia Extends Diesel Export Ban Through October
Russia will extend its ban on diesel exports for all fuel producers to October 31, Vedomosti reported Tuesday, citing delayed refinery maintenance and the need to rebuild fuel reserves before winter. ...