AI Demand, War, & Climate Pressure Push World Back To Nuclear

"Please, Please, Please": Denmark's Energy Minister Begs Citizens To Stop Driving As Global Energy Shock Spreads Iran launched another round of overnight strikes on tankers and Gulf energy infrastructure, sending Brent crude back above $101/bbl and sparking fears that chaos in the Middle East has triggered what the IEA warned could be the largest-ever supply disruption in the history of the global oil market. "The war in the Middle East is creating the largest supply disruption in the history of the global oil market," the IEA said on Wednesday. With the record...

US Africa Command said on Saturday that its forces launched an airstrike in Somalia on March 19 as the Trump administration continues its record-breaking bombing campaign in the country amid the US-Israeli war against Iran. AFRICOM said the strike targeted al-Shabaab about 50 miles northeast of the town of Jamaame in Somalia’s Lower Juba region. […]

Middle East War Triggers New Global Refining Boom Submitted By Tsvetana Paraskova of OilPrice.com For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefiting the world’s biggest oil companies and top refiners. The war in Iran has tightened fuel supply as crude oil has struggled to move through the Strait of Hormuz, triggering reduced refining throughput in Asia and a temporary Chinese ban on exports. The fuel markets tightened even more than the crude market to send refining...