Italian Energy Giant Eni Caps Fuel Prices As Refining Crunch Drives Costs Higher

America Spends More On Defense R&D Than Any Other OECD Country - By A Mile On the OECD's yardstick - defense R&D budget allocations per $1,000 of GDP - the United States spends $3.64. The next country on the list, South Korea, spends $2.06, and nobody else clears a dollar. Britain is third at $0.97, Germany fourth at $0.79, France fifth at $0.50. The average across the 20 countries ranked is $0.58; the median is $0.27. Greece, at the bottom, spends nine cents. The gap is about to get wider: the Department...

Digging Starts On New $16 Billion Train Tunnel Project Under Hudson River Elected officials in helmets and yellow jackets gathered in New Jersey on Monday for the ceremonial launch of a massive boring machine that in days will begin drilling through the solid rock of the Palisades Cliffs in New Jersey, the initial phase of the Hudson Tunnel Project from New Jersey to New York Penn Station. The new tunnel is just one part of a massive infrastructure project designed to ease the congestion of trains traveling in and out of...

"Riyadh In Difficult Position": Saudis Shutter Critical East-West Pipeline After Drone Attacks Saudi Arabia temporarily shut its 7 million-barrel-a-day East-West pipeline following multiple drone attacks, exposing a massive vulnerability in a critical export route used to bypass the Strait of Hormuz during more than six months of US-Iran conflict. The closure puts new pressure on Saudi oil exports as the pipeline designed to bypass the Hormuz chokepoint becomes a target. The Energy Ministry described the shutdown as precautionary while emergency crews secured the pipeline and assessed its safety. The oil pumping station...