Key Aluminum Spread In London Hits Biggest Backwardation Since 2007

Hong Kong And The Quiet Rewiring Of The Dollar System Authored by Peter C. Earle, Ph.D, Hong Kong’s decision to move forward with its first stablecoin issuer licenses may prove to be about far more than digital payments. With HSBC and a Standard Chartered-led venture among the first approved issuers under the Hong Kong Monetary Authority’s new framework, the city is placing major regulated banks at the center of the next phase of monetary technology. Stablecoins remain overwhelmingly USD- and US Treasury-denominated, with more than 90 percent of the market’s roughly...

Decommissioning Spending In UK North Sea Hits Record High Authored by Michael Kern via OilPrice.com, Decommissioning remained a major activity across the UK North Sea in 2025, with industry spending hitting a record-high of £2.6 billion, or $3.5 billion, the North Sea industry regulator said in a report on Thursday. Well-decommissioning remains the single largest component of forecast decommissioning expenditure on the UK Continental Shelf (UKCS), accounting for around half of expected costs to 2032, the North Sea Transition Authority (NSTA) noted in its annual decommissioning cost and performance update. The UK North Sea has a...

A meeting between Israeli Prime Minister Benjamin Netanyahu and President Trump’s son-in-law, Jared Kushner, a long-time family friend of the Israeli leader, ended with an agreement that Israel will continue so-called “targeted strikes” in Gaza, Haaretz reported on Monday. The reported agreement to allow Israel to continue attacks in Gaza comes despite Kushner holding a […]