France Slaps Curfews On Riot-Plagued Cities As Report Links Unrest To Communists

Southeast Asia Needs 100TWh More Power, But Its Weak Grid Is A Problem By Haley Zaremba of OilPrice.com The war in Iran has exposed a critical vulnerability in Southeast Asia’s energy markets. The region is heavily dependent on fossil fuel imports, and demand is continuing its steep growth trajectory even as global crude oil prices remain punishingly high. Though the Strait of Hormuz is finally reopening, restoring flows of crude oil out of the Persian Gulf and toward Asian buyers, global oil markets have a long road toward recovery. Luckily, the...

ADP Employment Report Signals Biggest Job Additions In 15 Months In April With non-farm payrolls looming, we get another glimpse at the labor market today from the ADP Employment Report which shows the US economy added 109k jobs in April (a slight disappointment relative to +120k exp). That is the tenth straight month of job additions and strongest monthly addition since January 2025... Source: Bloomberg Under the hood, Goods-producing jobs rose 15,000 while Service-providing jobs rose 94,000. "Small and large employers are hiring, but we're seeing softness in the middle," said Dr. Nela Richardson Chief Economist,...

Oil Rises After MidEast Attacks Spread And Escalate, Stoking Supply Fears Summary Several more tankers attacked in Strait Of Hormuz IRGC claims it has complete control over the Strait of Hormuz The Houthis have carried out yet another attack on Riyadh's international airport IEA urges more diesel releases as global market tightens President Trump said that Russia and Ukraine have agreed to an “energy ceasefire” effective immediately. Oil prices rose at this evening's futures open after renewed escalation of attacks by Iran and its proxies in the Middle East. WTI is pushing back up towards Friday's highs. This move...