Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit

India's Power Demand Hits Record High As Heat Drives Coal Use Submitted by Irina Slav of OilPrice.com India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand. Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new all-time high,” India’s power ministry said, as quoted by AFP. After milder temperatures tempered demand growth in the fiscal year to March...

Alan Greenspan, Longtime Fed Chair And "Maestro" Of Markets, Dies At 100 Alan Greenspan, the former Federal Reserve chairman who led the central bank from 1987 to 2006, under four presidents, died at 100 from complications of Parkinson's disease, NBC News reported. Greenspan became known as the "maestro" of monetary policy, spanning one of the longest and strongest economic expansions in U.S. history, marked by booming stocks, rising home prices, low unemployment, and confidence that he could steer markets through financial crises. "Alan passed away at our home this morning at the...

Ras Laffan Explosion Threatens To Slow Qatar LNG Ramp, Goldman Says A powerful explosion tore through Qatar's key natural gas plant late Sunday, killing at least 13 people and injuring 66 others. While the incident does not appear to have directly impaired LNG export capacity, it has certaintly raised the risk that Qatar may slow the restart of operations as a precaution. The timing could not be worse. The blast at Qatar's giant Ras Laffan energy complex comes just a week or so after the US-Iran interim peace deal was signed...