Report: US Preparing for Weeks-Long Ground Invasion of Iran

Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020. "The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist." The IEA...

India's Solar Demand Set For 22% Annual Growth Through 2035 Submitted by Tsvetana Paraskova of OilPrice.com India’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption, a new report by Nuvama showed on Monday.    The consultancy estimates that India’s total power demand will rise by 6% every year over the next decade, “driven by economic growth, rising urbanisation, manufacturing expansion and increasing electrification across sectors,” according to the report cited by Indian news outlet ANI. Solar growth will vastly...

Pakistan is likely to carry out airstrikes against Yemen’s Ansar Allah, also known as the Houthis, at Saudi Arabia’s request, Türkiye Today reported on Wednesday, citing Pakistani sources. The report said that one of the goals of the potential military action would be to “clear the Houthis” from northern Yemen’s Saada province, which would be […]