The July Incident: What They Didn't Tell You About the First Rogue AI Breach

Netherlands Pushes To Scrap EU Gas Storage Mandate After $1.14 Billion Bill Authored by Tsvetana Paraskova via OilPrice.com, The Netherlands considers that the current EU system of gas storage targets ahead of winter is inadequate and burdens governments that have to pay for meeting the EU-wide obligations. The Dutch government has already spent almost $1.14 billion (1 billion euros) this summer season alone on building up inventories, while this task should fall mostly on the gas market participants, Climate Minister Stientje van Veldhoven said in a letter to Parliament cited by Bloomberg. The...

The 60-day MoU has expired. The framework of Iranian pre-conditions for any start to negotiations nonetheless lingers on in its comatose state. Instead of the endlessly touted “Iran deal,” the picture is almost the complete opposite of what President Trump sought to create when he adopted the MoU framework (even if it is not clear […]

Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squeezing the supply of Capesize vessels just as mining companies increase iron ore shipments across the Pacific and Atlantic. The Baltic Dry Index, which tracks freight rates for several vessel classes, including Capesize, Panamax and Supramax vessels, jumped 5.5% to 3,331 points in London on Wednesday, its highest...