International News Archives - Page 17 of 112

Europe’s Industrial Death Spiral due to Net Zero Energy may not be recoverable

June 30, 2026 Clark Savage658

Europe’s once-mighty industrial engine is sputtering, and Germany—the continent’s manufacturing powerhouse—is at the epicenter of a deepening crisis. High energy costs driven by aggressive Net Zero policies, renewable intermittency, heavy regulations, and carbon pricing are accelerating deindustrialization. Major firms are slashing jobs, closing plants, and relocating production to the United States and Asia, where energy […]

Europe is at its lowest gas storage in 15 years

June 30, 2026June 30, 2026 Clark Savage1741

This risks a tight winter as the injection season winds down, with inventories projected to be just 76% full by late October. According to a Financial Times report citing industry analysis (primarily Wood Mackenzie), Europe faces the prospect of entering the 2026/27 heating season with its lowest natural gas storage levels in at least 15 years. […]

Oil Shipments Easing as Asian Refiners Redirect Middle East Crude

June 30, 2026June 30, 2026 Clark Savage1438

As the Strait of Hormuz reopens following the mid-June U.S.-Iran ceasefire and sanctions waiver on Iranian oil sales (valid until August 21, 2026), Middle East crude flows are recovering, and tanker traffic is picking up. However, a key market twist has emerged: Asian refiners, who aggressively sourced non-Middle Eastern crude during the disruption, now have […]

Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up?

June 29, 2026 Clark Savage700

Russia has added another LNG tanker to its growing “dark fleet” (also known as the shadow fleet) as the U.S.-sanctioned Arctic LNG 2 project continues to ramp up exports despite Western restrictions. The 19-year-old vessel, now operating as Arctic Express, loaded a cargo of liquefied natural gas from a floating storage unit linked to the […]

The Oil and Gas Markets Impacted by Iran’s Shutdown of Hormuz Again: What Are the Real Numbers

June 28, 2026 Clark Savage1423

Iran’s renewed military actions in and around the Strait of Hormuz are once again disrupting global shipping and threatening the fragile recovery of oil flows through one of the world’s most critical energy chokepoints. As of late June 2026, strikes by both Iranian and U.S. forces have set back recent gains in tanker traffic, keeping […]

European Heat Wave, and the EU leaders Shut off AC to Workers, but not themselves

June 28, 2026 Clark Savage523

As much of Europe sweltered under a recent heatwave with record temperatures in parts of Belgium and surrounding countries, staff at the European Commission’s iconic Berlaymont headquarters in Brussels faced a stark reminder of hierarchy. On Friday, June 27, 2026 (or the relevant recent date matching reports), employees on floors 1 through 7 received an […]

Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

June 27, 2026June 27, 2026 Clark Savage659

Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]

Nuclear is Back to the Center Stage in a Post-Hormuz World

June 27, 2026 Clark Savage526

In a world rocked by geopolitical tensions around the Strait of Hormuz — a critical chokepoint for global oil supplies — and an explosive surge in electricity demand from AI data centers, nuclear power is experiencing a powerful resurgence. Reliable, low-carbon baseload energy is no longer a niche option; it is becoming central to energy […]

Jeff Currie: Oil Market in Surplus Today, But That Tells Us Nothing About Tomorrow

June 26, 2026 Clark Savage1002

In a sharp and timely appearance on CNBC’s Squawk Street today (June 26, 2026), veteran commodity strategist Jeff Currie delivered a clear-eyed assessment of the oil market’s current dynamics. While acknowledging a near-term surplus, Currie stressed that today’s conditions offer almost no guidance on what lies ahead. Currie, Senior Advisor at the Carlyle Group and […]

Saudi Arabia Starts Loading Tankers at Ras Tanura’s Sea Port

June 26, 2026 Clark Savage1310

Saudi Aramco has resumed crude oil loadings at its flagship Ras Tanura terminal in the Persian Gulf after a nearly four-month halt, marking a key step toward restoring normal export flows from one of the world’s most important oil hubs. Satellite imagery captured on June 26, 2026, by the European Union’s Copernicus Sentinel-1 radar satellite […]

Category: International News

Europe’s Industrial Death Spiral due to Net Zero Energy may not be recoverable

Europe is at its lowest gas storage in 15 years

Oil Shipments Easing as Asian Refiners Redirect Middle East Crude

Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up?

The Oil and Gas Markets Impacted by Iran’s Shutdown of Hormuz Again: What Are the Real Numbers

European Heat Wave, and the EU leaders Shut off AC to Workers, but not themselves

Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

Nuclear is Back to the Center Stage in a Post-Hormuz World

Jeff Currie: Oil Market in Surplus Today, But That Tells Us Nothing About Tomorrow

Saudi Arabia Starts Loading Tankers at Ras Tanura’s Sea Port

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