Finance and markets: business, quotes, gold, energy and releases.
Found 1795 articles
V Anantha Nageswaran, India’s Chief Economic Adviser, has publicly urged the government to reintroduce E10 fuel, citing risks to the nation’s aging vehicle fleet. His stance marks a rare official departure from the current policy that forces a transition to E20 ethanol-blended petrol across all domestic gas stations.
Thirty-three million tons of carbon dioxide annually: that is the projected output of a single natural-gas power plant Amazon is developing in South Texas. This facility underscores a troubling shift where the rapid expansion of artificial intelligence infrastructure is actively undermining corporate net-zero commitments and global decarbonization targets.
Rising security threats in the Red Sea have forced Asian refiners to request a shift in pickup points for Saudi crude. With Houthi militants targeting tankers near the Bab el-Mandeb Strait, buyers are pressing Saudi Aramco to move delivery locations from the Red Sea port of Yanbu to Egypt’s Mediterranean terminal at Sidi Kerir.
With a fresh license from the U.S. Office of Foreign Assets Control, India’s state-owned Oil and Natural Gas Corporation is poised to re-enter the Venezuelan energy market. The move allows the firm to reclaim its stake in stalled projects and potentially unlock over $500 million in frozen dividends.
Solar and wind developers in India facing construction delays can now retain their grid connectivity by paying daily fines, according to the Central Electricity Regulatory Commission. The move aims to optimize scarce transmission capacity while providing a financial lifeline to projects struggling to meet original commissioning deadlines.
Only five commodity vessels navigated the Strait of Hormuz this past Saturday, a sharp decline from the 31 tankers recorded the previous weekend. With no transits scheduled for Sunday, the supply bottleneck is intensifying, pushing Brent crude to $88.62 per barrel as geopolitical tensions in the Persian Gulf escalate.
U.S. Energy Secretary Chris Wright claims Middle East oil exports have surged to 15 million barrels per day, even exceeding pre-conflict averages. However, independent vessel-tracking services report flows are roughly half that volume, creating a stark disconnect between government statements and observed tanker traffic through the Strait of Hormuz.
The closure of the Strait of Hormuz following the U.S.-Israeli conflict with Iran has triggered the most significant fossil fuel supply disruption in history. Eight of the world's largest oil firms secured a combined $93 billion in profits between April and June, capitalizing on a sharp climb in global crude prices.
While tech visionaries like Elon Musk predict total labor displacement, the reality on the ground paints a different picture. Data from SME lender Capital on Tap reveals that despite rapid adoption among small businesses, actual expenditure on artificial intelligence remains a rounding error in the wider UK economy.
The United States relies on foreign markets for 93 percent of the uranium fueling its nuclear reactors, a dependency that threatens the Trump administration’s goal of achieving energy dominance. As global demand for nuclear fuel surges, domestic supply remains critically thin, leaving the nation vulnerable to geopolitical instability and supply chain bottlenecks.
Aviation remains a stronghold for liquid hydrocarbons, with airlines projected to consume 104 billion gallons of fuel in 2026. Yet, as battery technology matures and Middle East energy volatility drives jet fuel prices to $152 per barrel, the industry faces an uneven transition that mirrors the earlier electrification of road transport.
Prime Minister Andy Burnham faces a mounting political crisis as he weighs whether to honor his party’s climate pledges or approve controversial North Sea drilling projects. With legal rulings stalling the Jackdaw and Rosebank fields, the government is caught between industry pressure for energy security and internal party revolt.
With domestic storage nearing capacity and drone strikes disrupting critical export terminals, Russia’s crude production is faltering. Rystad Energy now forecasts output will slide to 8.95 million barrels per day in 2026, dropping further to 8.6 million in 2027 as the nation loses its ability to absorb supply shocks.
With 9,000 tons of rotting sargassum washing up on Caribbean beaches daily, Mexico is shifting from reactive clean-ups to industrial conversion. President Claudia Sheinbaum has launched a $115 million initiative, betting that turning the invasive seaweed into biofuel and fertilizer will salvage the region's $2 billion-a-year tourism economy.
The closure of the Strait of Hormuz has forced commercial vessels onto longer routes around Africa, inadvertently creating a target-rich environment for Somali pirates. With international naval forces diverted to the Persian Gulf, these criminal networks are exploiting the vacuum, signaling a dangerous revival of maritime instability in the region.
Brent crude is tracking toward a 5% weekly gain as stalled US-Iran negotiations and escalating naval strikes in the Strait of Hormuz ignite supply fears. While a 17-million-barrel build in US inventories provides a temporary buffer, the persistent disruption of maritime transit has markets bracing for a move toward $100.
As artificial intelligence demands surge, tech giants are pivoting away from their climate pledges to feed energy-hungry data centers. While firms like Amazon, Google, and Microsoft frame themselves as sustainability leaders, new data reveals their expanding infrastructure is fueling a massive increase in emissions that undermines global decarbonization goals.
President Donald Trump’s pivot from diplomatic optimism to skepticism toward the Kremlin is upending the regional status quo. As Washington prepares to tighten sanctions on Russia, Kazakhstan finds its long-standing multi-vector foreign policy squeezed by the rising risk of secondary penalties and the economic fallout of a protracted war.
With Brent crude climbing to $87.94 per barrel, domestic energy producers are accelerating operations. New data from Baker Hughes reveals the total active rig count in the United States reached 593 this week, marking a significant increase of 54 units compared to the same period last year.
A powerful El Niño event is forming for the 2026-2027 winter, yet analysts warn the weather pattern may fail to curb Europe's rising demand for liquefied natural gas. While high temperatures typically reduce heating needs, current projections suggest the warming effect will likely fall short of the threshold required to stabilize import levels.
Two drones struck a Saudi Aramco refinery in Jazan on Thursday, marking the third such assault on the facility since late July. Simultaneously, Iranian forces intercepted two vessels linked to the UAE’s state-owned ADNOC near the Strait of Hormuz, intensifying the maritime conflict as regional tensions reach a breaking point.
Decades after the TAPI natural gas project first appeared on regional maps, the pipeline remains a blueprint of unfulfilled potential. Despite a high-profile visit to Afghanistan by Turkmenistan’s Gurbanguly Berdymukhamedov on August 10, the massive infrastructure initiative struggles to move beyond symbolic gestures and into substantive, bankable reality.
A six-month construction delay for the Green Chile natural gas pipeline has cast a shadow over Oracle’s massive $165 billion data center project in New Mexico. With the pipeline now slated for completion in February 2027, the energy infrastructure required to fuel the site’s fuel cell arrays remains critically out of reach.
Conflict in the Strait of Hormuz has pushed Brent crude toward $90 a barrel, but the real pressure is building in the refining sector. While headline crude prices fluctuate, record-breaking diesel cracks reveal a systemic supply shortage that threatens to keep energy costs volatile well into next year.
As the war with the United States and Israel grinds into its fifth month, Iran’s economy faces a brutal disintegration. With infrastructure battered by airstrikes and a naval blockade strangling oil exports, the country’s 90 million citizens are watching their purchasing power evaporate amid runaway inflation and severe shortages.
South Africa’s Constitutional Court has struck down a legal pathway for Shell and Impact Africa to conduct seismic surveys along the Wild Coast. Justice Jody Kollapen overturned a 2024 appellate ruling, siding with local communities and environmental groups who argued that the original consultation process was fundamentally inadequate for the region.
A 540,000-barrel shipment of low-sulfur fuel oil is crossing the Pacific from Malaysia to the U.S. West Coast, marking the first such import in three years. As global supply chains buckle under Middle Eastern bottlenecks, American refiners are reaching across the ocean to secure the high-quality feedstock needed to maintain record production.
The Syrian government has methodically reasserted control over critical energy assets in Deir ez-Zor and Hasakah, dismantling the dominance previously held by Kurdish-led forces. By securing the Omar and Tanak fields alongside the Conoco gas facility, Damascus is rapidly re-establishing its own domestic fuel supply lines to the Baniyas refinery.
The Kazakh government has launched a confidential arbitration case at The Hague, accusing international energy giants of inflating contracts and utilizing bribery to siphon $10.7 billion from the Kashagan oil project. This legal strike escalates a long-standing dispute over cost overruns and environmental damages at the massive Caspian field.
India faces a projected surge in coal demand to 1.6 billion tons by 2030, rising from current levels of 1.2 billion tons. As the world’s second-largest consumer, the nation is pivoting from a history of scarcity to a surplus, necessitating a fundamental overhaul of its domestic trading mechanisms.