BRICS Steps Off The Dollar, With Iran Pressing Hardest

Decommissioning Spending In UK North Sea Hits Record High Authored by Michael Kern via OilPrice.com, Decommissioning remained a major activity across the UK North Sea in 2025, with industry spending hitting a record-high of £2.6 billion, or $3.5 billion, the North Sea industry regulator said in a report on Thursday. Well-decommissioning remains the single largest component of forecast decommissioning expenditure on the UK Continental Shelf (UKCS), accounting for around half of expected costs to 2032, the North Sea Transition Authority (NSTA) noted in its annual decommissioning cost and performance update. The UK North Sea has a...

Iranian media reported on Thursday that Tehran has approved the transit of a “number” of Chinese vessels through the Strait of Hormuz, as President Trump is in Beijing for talks with Chinese President Xi Jinping. “Following requests by the Chinese foreign minister and the country’s ambassador to Iran, facilitation of the passage of Chinese ships […]

FundStrat's Newton: Why Not Replace The FOMC With AI? Short of abolishing the Fed (much preferred), would automating the Fed make more sense than the current system? Should we trust Kevin Warsh, Jerome Powell, and Lisa Cook to read the tea leaves each month and decree rate changes for us commoners?  That was Fundstrat's Mark Newton’s suggestion during last night's ZeroHedge debate on his H2 market outlook. He pointed out the new chair’s plan to eliminate “forward guidance”, a term invented under the previous chair Powell in which the Fed strategically...