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Philippine Peso: Inflation and politics weigh on PHP against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song warn that upside inflation risks are re-emerging for t...
UK Drivers Take To Fuel Theft amid War-Driven Price Surge
Drivers in the United Kingdom have started filling up their tanks without paying for the fuel as dri...
Fed’s Musalem backs rate hikes, says inflation remains too high
The St. Louis Fed President, Alberto Musalem, stressed that “inflation is too high” and that it’s “c...
Why Power Prices Are Rising Faster in Deregulated States
Back in the last century, when neo-liberalism, deregulation, and privatization were all the rage, we, in the USA, decided to restructure and deregulate the electricity industry, on the theory that suc ...
What's Stopping the Trans-Caspian Pipeline After 27 Years?
With the Iran war disrupting traditional energy supply routes and the West seeking to lessen reliance on Russian transit networks, Trans-Caspian corridors have again emerged as a focus of internationa ...
Guyana’s Oil Boom Gets a Major Boost From $100 Crude
Oil prices remain elevated in the wake of the Iran War. Tehran’s ability to close the Strait of Hormuz has sharply crimped world oil supply, with around 20% of all petroleum consumed globally passing ...
Trump Says U.S. Will Hit Iran Again Tonight, Eyes Control of Its Oil Sector
President Donald Trump on Thursday threatened to seize Iran's main oil export hub, Kharg Island, and assume "total control" of the country's oil and gas markets, drawing a direct line to the U.S. oper ...
India Secures Crude Supply Through August with Higher UAE Imports
Indian refiners have secured crude supply at least through August as they boost purchases from the United Arab Emirates (UAE), Africa, and Brazil, trade sources told Reuters on Thursday. India's state ...
Japan Taps Reserves and New Suppliers to Beat the Oil Blockade
Despite the Hormuz crisis, Japan has secured the same volumes of oil imports for July as it did a year ago, as it is boosting imports from producers not dependent on the Strait to deliver their crude, ...
Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges
The Trans Mountain pipeline has reached full capacity for the first time since its expansion was completed, boosting the pipe’s total carrying capability to 890,000 barrels daily. Indeed, this month t ...
Oil Prices Spike as Iran Declares Strait of Hormuz Closed
Oil prices surged again in early Asian trade on Thursday after Iran declared the Strait of Hormuz closed following a fresh round of U.S. strikes on the country. At the time of writing, Brent crude had ...
Scientists Create Giant Fire Tornadoes To Clean Up Oil Spills
Oil spills are some of the most destructive forms of marine pollution known to man, thanks to their acute toxicity and ability to devastate marine habitats. The BP Plc. (NYSE:BP) Deepwater Horizon spi ...
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
In yet another sign that the paper oil market may be too complacent about the magnitude of the supply disruption in the Middle East, trades have been boosting their short positions in oil futures for ...
The World's Biggest Battery Maker Is Turning Away From EVs
As global energy markets change, companies along the electric vehicles manufacturing supply chain are rushing to expand and diversify. The Trump administration’s stance on clean energy and aggression ...
Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that ...