Lebanon Accuses Israel of Scorched Earth Policy as Southern Forests Are Burned

"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are fueling the refined-products "perfect storm" we have repeatedly warned about. Oil extended gains this morning, with Brent trading around $91 a barrel after another vessel attack was reported near the Hormuz...

The Great Decline Of Britain Authored by Steve Watson via Modernity News, Britain's streets are rotting in plain sight. Road signs coated in years of grime, pavements choked with weeds, blocked drains, overflowing bins and potholes have become everyday features of life in what was once a first-world country. Local authorities, funded by rising council tax, routinely fail to deliver the most basic maintenance. Ordinary people - including schoolchildren - are now having to do the job themselves. All across the length and breadth of the country, from London squares to provincial...

Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs Submitted by Tsvetana Paraskova of OilPrice.com, Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East. Coal hasn’t really left most Asian economies, which rely on the fuel for much of their power generation. Amid the squeeze of natural gas supply due to the de facto closed Strait of Hormuz and the sky-rocketing LNG prices that few buyers in Asia can...