The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and gasoline prices may remain elevated for years. Deal or no deal, the global energy inflation shock is far […]
Treasury Secretary Scott Bessent had a schizophrenic Thursday. Asked on CNBC why oil had jumped on the administration’s latest Iran threats, he professed bewilderment: “I’m not sure why oil has popped up on this.” In […]
In my previous piece — The Walls Have Doors Now — I argued that Treasury Secretary Scott Bessent’s promised “measures like have never been seen in the history of the economic isolation of a country” […]
Romania has shut down its only nuclear power station because of extremely low water levels in the Danube river caused by prolonged hot weather affecting much of Europe. The Cernavodă plant, where two reactors produce […]
Russian attacks against Ukraine on Aug. 7 targeted critical energy sites operated by state oil and gas company Naftogaz, shutting down production at several facilities, the firm reported. The targeted sites were owned by the […]
However, let’s assume that an agreement is reached on Friday and that oil and LNG tankers are allowed to exit the Gulf via the Strait of Hormuz. Even if a deal is struck, it will […]
New Delhi’s record Russian oil imports come as Washington advances legislation that could impose up to 100 percent tariffs on countries buying crude Read Article HERE (Photo Credit: Indian Oil Corp)
The best Trump can do is to stop the conflicts agglutinating into one global war. Alastair Crooke is a former British diplomat, founder and director of the Beirut-based Conflicts Forum Cross-posted from the Stategic Culture […]
In a major disruption, the challenge facing Gulf Coast refiners would not be an inability to process heavy sour crude. It would be the escalating cost of acquiring the heavy sour crude upon which that […]
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