$100 Oil Is Solving Russia's Budget Problem

The US Shows A Way Out Of Germany's Energy Trap Submitted by Thomas Kolbe Big developments are underway in Tennessee and Alabama. Over the next five years, the joint Japanese-American project will bring several so-called small modular reactors (SMRs) of the BWRX-300 type online. Almost one percent of U.S. electricity production—slightly more than three gigawatts—will be added to the existing energy mix by reactors designed by Hitachi and GE Vernova. A caveat for purists of market economics: this is a hybrid project. While the majority is privately financed, export support from Japan...

UAE Slips Hidden Oil Tankers Through Straits Of Hormuz While conventional wisdom, especially after Trump's counter-blockade of Iran's blockade, that the Strait of Hormuz is completely blocked, the reality is that the UAE is now running loaded crude tankers through the Iranian-controlled Strait of Hormuz with transponders switched off - just like sanctioned Iranian ghost fleets in the pre-war period - just to pry loose a fraction of the oil bottled up in the Gulf. According to shipping data reported by Reuters, industry sources, and satellite tracking, Emirati state-owned energy giant...

Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West Via The Cradle Russia has become Syria's leading supplier of oil since the collapse of former Syrian president Bashar al-Assad’s government and the rise to power of former Al-Qaeda chief Ahmad al-Sharaa, according to Reuters.  Shipments of Russian oil have risen by 75 percent this year to roughly 60,000 barrels per day (bpd), based on Reuters calculations using official data and vessel tracking from LSEG, MarineTraffic, and Shipnext. Getty Images While these volumes account for only a small fraction of Russia’s total global oil...