Curious Timing: Ukraine Declares Druzhba Pipeline Repaired After New Hungarian PM Elected

President Donald Trump threatened a “very bad” future for NATO if its members do not provide the US with support in the war with Iran.  “It’s only appropriate that people who are the beneficiaries of the Strait [of Hormuz] will help to make sure that nothing bad happens there,” Trump told The Financial Times on […]

After Dems Record-Breaking (And Useless) Drain, Schumer 'Demands' Trump Release Oil From The SPR 'Immediately' In 2022, following Russia's invasion of Ukraine, which disrupted global oil supplies and drove US gasoline prices to record highs above $5 per gallon in June, the Biden administration authorized unprecedented releases from the Strategic Petroleum Reserve (SPR) to ease fuel costs as the 2022 Midterm elections loomed (and Democrat approval ratings slid). The historic drawdown announced in March was the largest SPR release in history, and was pitched as 'bridging supply shortfalls while global production...

QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes The already dismal LNG supply situation just got worse. With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of ⁠its long-term liquefied natural gas (LNG) supply contracts, including ‌for customers ⁠in Italy, Belgium, South Korea ⁠and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg. The move on...