A tale of two worlds

Australia Considers Emergency Powers To Protect Domestic Gas Supply Authored by Tsvetana Paraskova via OilPrice.com, Australia’s government intends to consider using emergency powers to protect domestic natural gas supply in case of a shortfall on its east coast in the third quarter of 2026. The potential consideration of using such powers would be part of the steps the Albanese Government is taking to secure domestic gas supplies for Australian households and industry as the Middle East conflict disrupts global energy markets. Australian Minister for Resources, Madeleine King, has given notice of her intention to consider...

Major US Shale Producer To Boost Output, And It Suggests One Thing Last month, roughly three weeks into the U.S.-Iran conflict, UBS chief economist Arend Kapteyn told clients that one reason this Middle East energy shock is "not like the 2011-2014 shale boom" is the lack of a comparable response from the U.S. shale patch. In other words, the oil shock was viewed as temporary by major shale players and not worth adding new drilling rigs to the mix. But now, on day 35 of Operation Epic Fury, that assumption about...

Cuba Is Negotiating Deal With US, Trump Says Authored by Jacob Burg via The Epoch Times, U.S. President Donald Trump said March 8 that the Cuban government is negotiating a deal with him and Secretary of State Marco Rubio. Speaking at his “Shield ​of the Americas” gathering of Latin American leaders in Miami, ​Florida, Trump said that Cuba is “at the end of the line” due to Venezuela cutting off oil deliveries after the U.S. capture of Venezuelan leader Nicolás Maduro. “As we achieve a historic transformation in Venezuela, we’re also looking forward...