China To Accelerate The Construction Of Coal-Fired Power Plants

Global Diesel Crunch Deepens As Record US Distillate Exports Race To Supply-Starved Europe US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack drone strikes that have paralyzed portions of Russia's energy infrastructure, have been a major boon for US refiners and export terminals along the Gulf of America. To begin the week, Samantha Dart, co-head of global commodities research at Goldman Sachs, told Bloomberg TV, "The situation in Russia is really...

Tehran's Houthi Proxies Attack Saudi Aramco Again, Crude Spikes, As Iran's Military Command To Be 'More Aggressive' Summary Saudi Aramco attacked again: Houthi drone strikes on a Saudi refinery sent oil prices higher. Hormuz stalemate & standoff: US says it can sustain the Iranian port blockade indefinitely. Iran digs in: Tehran appears prepared for a prolonged war of attrition. Hard-liners rise: Iran reshuffled senior security leadership toward a more aggressive posture. Diplomacy dead-end: Iran says the U.S. has miscalculated, while talks remain deadlocked. *  *  * Attack on Saudi Aramco Facility Sees Crude Spike Oil prices have spiked...

Trump To Address Nation With 'Important Update' On Iran War: What Will He Say? Update (0845ET): Minutes after we prepared this post, President Trump posted on his social media feed that Iran has asked for a ceasefire: "Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE!" Trump added that he will consider it if the Strait is opened... or else! "We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran...