US Private Credit Default Rate Remains At Record High: Fitch

Tracking The Last UK-Bound Jet Fuel Tanker As Shortages Near We outlined the early signs of global demand destruction and worsening energy chaos in a note earlier on Monday, mapping the regional dominoes and the order in which they are likely to fall. Turning to the UK, the last known jet fuel shipment from the Middle East is due to arrive later this week, a major warning that aviation disruptions could soon materialize. The Financial Times reports that the Libyan-flagged Maetiga vessel, loaded with jet fuel from Saudi Arabia, is set...

What Does The End Of OPEC Mean For The Iran War And Global Energy Prices? Did the UAE just trigger a once in a century shift in global energy markets?  The United Arab Emirates on Tuesday said it was quitting OPEC by May 1st after 60 years as a member, dealing a blow to the cartel ​as the Iran war exposes discord among Gulf nations and Iran. The exit of the UAE, one of the group's biggest producers with 15% of total exports, weakens ‌OPEC's control over global oil supplies and widens...

Gas Turbine Shortage Sends AI Developers Back To Boilers And Steam Elon Musk recently warned that “turbines are sold out through 2030,” saying SpaceX and Tesla would probably need to make turbine blades and vanes internally. ELON MUSK: “Turbines are sold out through 2030. In order to bring enough power online, SpaceX and Tesla will probably have to make the turbine blades and vanes internally. There are only three casting companies in the world that make these, and they’re massively backlogged.” pic.twitter.com/YlKHznBXhK — DogeDesigner (@cb_doge) August 29, 2026 SpaceX is preparing a factory...