Three ships caught on fire after being hit by projectiles off Yemen over the weekend. An Antigua-flagged general cargo ship called Noorderney was struck by a missile 83 nautical miles southeast of Aden and caught […]
Saudi Aramco’s mega stock offering will raise at least $11.2 billion for Riyadh, the biggest such deal globally in about three years that will help fund a multitrillion-dollar push to transform the economy. The government […]
A power grid system serving nearly 30 million Americans could again approach failure this summer, a local utility executive told the San Antonio Express-News. [emphasis, links added] Rudy Garza, CEO of the San Antonio-owned utility […]
Complex relationship Tensions between China and the United States have been on the rise for an extended period, driven by economic competition, geopolitical disagreements, and various diplomatic clashes. Recently, China has intensified this complex relationship […]
Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through […]
The Biden administration has announced the purchase of an additional six million barrels of crude oil for the Strategic Petroleum Reserve (SPR), capitalizing on a recent dip in oil prices to bolster the nation’s emergency […]
EU competition regulators have given an informal approval to a German plan to offer state support to new natural gas-fired power capacity of 10 gigawatts (GW) that would help stabilize the grid as Europe’s biggest […]
António Guterres called fossil fuel companies the ‘godfathers of climate chaos’ being ‘aided and abetted’ by advertising and PR companies. UN Secretary-General António Guterres has called for advertising agencies and PR companies to stop working […]
The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been in Tesla sales mode, with 20,000 […]
Russian President Vladimir Putin said Friday that nearly 40% of the country’s trade turnover is now in rubles as the share conducted in dollars, euros and other “non-friendly” Western currencies has fallen away. Speaking at the St. […]
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