Big Story: Washington Sanctions Tehran's Bankers and Caps Beijing's LNG Appetite
On August 25, US Treasury Secretary Scott Bessent gave a name to Washington's latest Iran enforcement campaign: Operation Economic Outcast. The stated objective is the banking ecosystem financing China's Iranian crude purchases, the channel through which an estimated 700,000 to 800,000 barrels per d…
Opinion
Opinion: Chinese Refiners Are Collecting the Margin Europe Cannot Reach
European diesel crossed 70% above pre-war levels during the week of August 17. The IEA's explanation is precise: 9.6 million barrels per day of Middle Eastern refining capacity offline, roughly one-fi…
Opinion: Southeast Asia's Procurement Desks Have Priced In a Gas Shortage That Analysts Keep Calling Temporar
The Sustainable Energy Association of Singapore published a survey on Thursday that found nine in ten energy professionals across Southeast Asia say geopolitical disruptions have affected their supply…
Opinion: Russia Crossed Into Net Fuel Importer Territory This Summer
Urals crude closed Friday at $76.55, a discount of nearly $13 to Brent's $89.37. That spread has been widening since spring, and it is encoding something Brent's headline price does not. Russian refin…
Opinion: Fortum Files for Swedish Nuclear State Aid as Project Scope Spans up to 3,400 MW
Fortum Secures Oskarshamn's Grid Slot. The Reactor Can Wait. Oskarshamn Unit 1 was shut in 2005. Unit 2 followed in 2015. Together they left behind 400 kV switchgear, a substation, and grid connection…