Europe Faces Looming Fuel Shortages as Shell Warns of April Crunch.
Europe could experience energy shortages before the end of April, the chief executive of Shell has warned. Jet fuel supply has already […]
Algeria clears $30million hurdle for Australian miner Terramin to advance $471million zinc project.
The breakthrough followed a government-led process to acquire land and relocate nearby communities at an estimated cost of about $30m, clearing a […]
QatarEnergy declares force majeure on some LNG contracts due to Iran war.
QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, […]
Goldman Boosts Oil Price Forecast by $8 for Brent and $7 for WTI.
Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman […]
Oil Plummets 8% as Trump Postpones Hormuz Deadline Threat.
Brent crude is down more than 8% in the minutes following a statement by U.S. President Donald Trump that “THE UNITED STATES OF […]
Saudi Arabia Slashes Oil Supply to Asia as War Chokes Export Route.
Saudi Arabia is slashing its crude oil exports to Asia in April, for a second month in a row, as the de […]
Why US LNG firms stand to profit from Iran war fallout.
Countries may tap into America’s booming liquefied natural gas exports as Middle Eastern suppliers shutter. But renewables are a safer bet in the […]
Who Hurts Most as Iran War Hits Global Economy?
Any prolongation of the Iran war risks creating an unprecedented crisis in energy supplies that sooner or later will hit every corner […]
UBS gets final nod for US bank licence amid growth push.
UBS has been given the green light for a full-blown US bank licence, in a boost for the bank’s ambitions to grow […]
US, Japan announce $40 bn nuclear power project.
The United States and Japan announced Thursday a $40 billion project to build nuclear reactors in Tennessee and Alabama, after a meeting […]
Japan Weighs Stockpiling U.S. Crude to Strengthen Energy Security.
Japan is considering stockpiling U.S. crude oil to boost its energy security. “I also conveyed to President Donald Trump my intention to […]
US national debt surges past $39 trillion just weeks into war in Iran
The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran. The […]