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Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
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...
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Aug 9, 2026 / Tyler Durden
Seattle Mayor Targets 'Surveillance Pricing' At Grocery Stores
Seattle Mayor Targets 'Surveillance Pricing' At Grocery Stores
Seattle leaders are moving forward with a first-of-its-kind proposal aimed at preventing grocery retailers from using consumers' personal data to charge different prices for the same products.
The ordinance, backed by Mayor Katie Wilson and City Councilmembers Alexis Mercedes Rinck and Dionne Foster, would prohibit large grocery chains from using information such as browsing history, social media activity, employment status, race, gender, or chatbot interactions to personalize prices, according to Wilson's website.
Instead, retailers would be required to publicly display uniform prices while still...
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Feb 16, 2026 / Kyle Anzalone
Top Israeli Official: Hamas Has 60 Days to Disarm
A senior advisor to Prime Minister Benjamin Netanyahu said Israel is giving Hamas 60 days to disarm. Hamas has stated that it will only disarm as part of the process of the creation of an independent Palestine. Cabinet Secretary Yossi Fuchs said Monday that Israel was giving Hamas 60 days to disarm out of respect […]
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Aug 7, 2026 / Tyler Durden
Hours After Murkowski Predictably Sides With Dems, Cassidy Unblocks Blanche AG Nomination
Hours After Murkowski Predictably Sides With Dems, Cassidy Unblocks Blanche AG Nomination
Sen. Bill Cassidy announced Friday he will support Todd Blanche's nomination for attorney general, clearing the decisive path for confirmation after two other Republican senators opposed the pick.
Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, July 15, 2026.
Cassidy, a Louisiana Republican who had remained undecided amid weeks of scrutiny, made the announcement in remarks on the Senate floor. "Mr. Blanche is not perfect, and he will tell you this,...
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