Hungary Cuts Energy Shipments to Ukraine, Slovakia Threatens to Follow

As far as I can tell, Donald Trump is the first American president in my lifetime to be actively engaged in business while serving as President of the United States.  I have no memory of Eisenhower, Kennedy, Nixon, Ford, Carter, Reagan, George H.W. Bush, or George W. Bush starting and running businesses while occupying the Oval […]

First Qatar Supply Shock, Now Cyclone Chaos Slams Major Australian LNG Plants In a troubling overnight development that could further deepen the Gulf energy shock, especially in global LNG markets, a tropical cyclone has disrupted operations at three major Australian LNG facilities, which together account for roughly 8.4% of global supply. The timing is alarming: Iranian strikes have already knocked out about 17% of Qatar's LNG export capacity, with repairs potentially taking years. The Australian outages now add near-term supply risks for buyers, particularly in Asia and Europe, who are...

Countdown Begins: Former Central Bank Advisor Warns Food-Price Shock Could Hit "Within 6 To 9 Months" Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center and a former advisor at the Bank of Russia, warned on X that the near-shutdown of the Strait of Hormuz has triggered an energy shock that risks morphing into a "slower, more consequential story": fertilizers. "A near-shutdown of the Strait of Hormuz is triggering a supply shock that will show up in food prices 6–9 months from now," Prokopenko wrote on X, adding, "Putin's gains...