The 'Blame Game' In Private Credit Begins

Dramatic Footage: Chinese Long March-7A Rocket Explodes Shortly After Liftoff In the intensifying race to dominate the next frontier, the space economy, China's gap with the US may have widened after one of Beijing's new-generation Long March rockets exploded shortly after launch earlier today. This is great news for America's commercial and national-security space ambitions. The South China Morning Post reports that the 60-meter rocket, which launched from the Wenchang Space Launch Site on Hainan Island late Monday, erupted into a fireball less than 90 seconds into the flight. SCMP noted: Space observers...

WTI Tops $101 As Strategic Petroleum Reserve Nears Record Low Following Brent's lead (which is following Shanghai's demand push), WTI topped $100 this morning for the first time since May, fueled by festering Middle East hostilities (with Saudi-Houthi attacks stealing the headlines) and the Saudis latest statement showing crude output at a 36-year low. That suggests the market is transitioning to a regime where $100 Brent is the new floor. "The economic dimension is crucial," said Andreas Krieg, a Gulf expert from King's College London. "Saudi Arabia is already contending with disruptions near...

UK Conservatives Blast Labour North Sea Ban As 'Utter Madness' Authored by Tsvetana Paraskova via OilPrice.com, The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s reliance on imports, Kemi Badenoch, the leader of the opposition Conservative Party, has said. The ruling Labour government of Sir Keir Starmer has recently moved to permanently ban new oil and gas licenses in the UK section of the North Sea, drawing criticism from the...