Trump On Hormuz Blockade: "We're Like Pirates - And It's Very Profitable"

Norway Lobbies To Persuade EU To Drop Arctic Drilling Ban Authored by Tsvetana Paraskova via OilPrice.com, Norway, Western Europe's top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas drilling. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has sent nearly a dozen of its ministers to Brussels so far this year to discuss energy and trade and the state of the Arctic drilling. The Iran...

G7 Partners Have Low Confidence In President Trump Confidence in U.S. leadership has fluctuated significantly over the past two decades, closely tracking changes in the occupant of the White House. As Statista's Felix Richter shows in the following chart, based on data from past and present editions of Pew’s Global Attitudes Survey shows, confidence in President Donald Trump among key U.S. allies has mostly been low, although it has edged up slightly compared to the end of his first term. You will find more infographics at Statista Interestingly, Trump’s current ratings are broadly in line with those recorded for...

Gulf Bond Boom: Record Borrowing Fuels Race To Future-Proof Against Hormuz Shutdown Gulf monarchies are hitting international debt markets at a record-shattering pace, Bloomberg figures show, amid a conflict-driven rush to harden domestic infrastructure and forge alternative supply corridors that bypass the vulnerable and effectively closed Strait of Hormuz. Added to this, just this month, Red Sea passage has become another problematic area, as the Houthis have targeted several Saudi vessels with missiles and drones. Regional heavyweights led by the UAE and Saudi Arabia are seeking massive funding for new or...