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IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock
IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock
The head of the International Energy Agency told the Financial Times on Friday that the world is severely underestimating the scale of the Gulf energy shock, and that it may take at least six months to restore disrupted oil and gas flows.
Fatih Birol described the conflict, now in its third week, as "the greatest global energy security threat in history", and said it would take time "to have oil and gas rehabilitated".
"It will be six...
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Oct 2, 2026 / Tyler Durden
Seagate, Western Digital Crater After Toshiba Breaks Hard-Drive "Supply Discipline" Pact
Seagate, Western Digital Crater After Toshiba Breaks Hard-Drive "Supply Discipline" Pact
For most of 2026, the bull case for the HDD duopoly could be summarized in one sentence: nobody is building new factories. On Friday, someone did.
Shares of Seagate (STX) and Western Digital (WDC) tumbled more than 10% on Friday, standing out like a sore thumb on a day when the Nasdaq hit all-time highs, after Nikkei reported that Toshiba plans to double its hard disk drive production capacity to grab a bigger slice of the AI data center storage...
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Sep 24, 2026 / Tyler Durden
'Covered In Blood': Family Says Canada Euthanized Christian Grandmother Against Her Will
'Covered In Blood': Family Says Canada Euthanized Christian Grandmother Against Her Will
An 83-year-old Christian grandmother in Ontario was euthanized under Canada's Medical Assistance in Dying (MAID) program this summer, and her family says she never gave her final consent, Fox News reports.
Brigitte Kranendonk gestures with her grandmother Brigitte Stegemann. (Family Handout)Brigitte Stegemann died by lethal injection on July 10 at The Pearl, a care home in Cannifton, Ontario, after being diagnosed with Stage IV stomach cancer.
Family members claim that Stegemann, a devout Christian, had already turned down MAID because...
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Sep 7, 2026 / Tyler Durden
UBS Calls Brazil Election "Extremely Close" - Bolsonaro Win Would Cement LatAm's Political Shift
UBS Calls Brazil Election "Extremely Close" - Bolsonaro Win Would Cement LatAm's Political Shift
Socialist Brazilian President Luiz Inácio Lula da Silva's polling lead over right-wing Senator Flávio Bolsonaro has eroded in recent weeks, leaving both statistically tied in UBS' latest runoff polling average.
Arend Kapteyn, UBS' global head of economics and strategy research, described the upcoming election in early October as "extremely close" in a note to clients on Monday.
Lula (Left); Bolsonaro (Right)
Kapteyn's note today puts Bolsonaro at 50.4% in a hypothetical runoff, against 49.6% for Lula, adding that the narrowing...
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