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Saudi Arabia's $5 Oil Detour Is Expensive... But Worth It
Saudi Arabia's $5 Oil Detour Is Expensive... But Worth It
Authored by Leon Stille via OilPrice.com,
Rerouting Saudi crude to Asia via Yanbu, Egypt’s SUMED pipeline and the Cape of Good Hope may add around $5 per barrel and up to four weeks to a voyage.
That premium is small compared with the economic damage caused by losing access to Hormuz or Bab el-Mandeb altogether.
Saudi Arabia’s alternative export infrastructure is not a temporary workaround but a strategic asset—although it cannot replace the kingdom’s wider need to diversify beyond oil.
The latest Saudi oil...
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Apr 9, 2026 / Tyler Durden
Artemis II Astronauts Prepare For Re-Entry, Splashdown
Artemis II Astronauts Prepare For Re-Entry, Splashdown
Authored by T.J.Muscaro via The Epoch Times,
When Artemis II crew members wake up at 11:35 a.m. ET on April 9, they will begin their last full day in space and start preparing the cabin for their return home.
NASA’s Reid Wiseman, Victor Glover, and Christina Koch, and Jeremy Hansen of the Canadian Space Agency, continue to fall back to Earth on a free return trajectory aboard their Orion spacecraft, Integrity, targeting a splashdown in the Pacific Ocean at about 8:05 p.m. ET on April...
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Mar 7, 2026 / Tyler Durden
The AI Trade: Now With Less Circle And More Jerk
The AI Trade: Now With Less Circle And More Jerk
Submitted by QTR's Fringe Finance
As if markets didn’t already have enough to worry about heading into the weekend — an escalating conflict involving Iran, growing stress in private credit, and the ongoing annoyance of positive real interest rates — one of the “AI will solve everything, just add capex” deals that everyone in markets have been quietly laughing about while investing in for the past year has officially started to unravel.
According to Bloomberg, Oracle Corporation and OpenAI have scrapped plans to expand...
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Jul 2, 2026 / Tyler Durden
America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars
America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars
By Irina Slav of OilPrice.com
US companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times.
This would be the first time in decades that US spending on coal and gas generation would be higher than what China is investing in the two fuels, with the difference at $3 billion.
The surge in spending will come mostly...
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