FOUND: 7 - What They Never Told You

EU Cracks Down On Chinese Imports And Joins Pax Silica In Bid To Cut Strategic Dependence

The European Union has taken new measures to protect its steel industry and curb the flood of low-value e-commerce parcels. The moves escalate its push to rebalance a trade relationship with China that officials now call strategically unsustainable.

Benzinga · Jul 2

ChatGPT's Daily Prompts Use Enough Electricity to Power a Small City

OpenAI's 2.5 billion daily ChatGPT prompts are driving rising electricity demand, highlighting AI's growing energy, water and infrastructure footprint.

International Business Times UK · Jul 2

Putin has admitted Russia is facing problems in Ukraine war – are there signs he may be cracking?

IN DEPTH: Russia’s president has made a rare acknowledgement his country is suffering from fuel shortages because of Ukrainian drone strikes. Experts tell Alex Croft and Maira Butt that Putin can no longer hide his air defence failures from the public

The Independent UK · Jun 30

UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEA

United Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alternative routes, extensive storage, and strategic shipping, the UAE successfully navigated Gulf tensions. Exports surged from 1.9 million barrels daily in March to 4.3 million in early June, demonstrating resilience amidst global…

The Economic Times · Jun 24

‘Compound shock effect’: why the Middle East crisis and El Niño could spell disaster in south-east Asia

Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El Niño

The Guardian - AU · Jun 23

Crude Oil Prices Retreat as Global Supply Fears Recede

July WTI crude oil (CLN26 ) on Monday closed down -1.78 (-2.32%), and July RBOB gasoline (RBN26 ) closed down -0.0079 (-0.26%). Crude oil and gasoline prices gave up overnight gains on Monday and settled lower. Crude prices retreated on Monday amid signs of progress in US-Iran peace talks, including...

Barchart · Jun 22

Iran war triggers global race to build oil reserves

Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push for reserves could add half a billion barrels of demand. Countries like India and Pakistan are prioritizing stockpiles, learning from China's successful strategy of reducing imports during supply…

The Economic Times · Jun 22

High oil prices drive a surge in Chinese electric vehicle sales, but charging networks lag behind

The war in Iran has helped reshape the global electric vehicle market, giving Chinese automakers an opening across the developing world as fuel prices surge

The Independent UK · Jun 22

Crude Oil Prices Fall on US-Iran Peace Deal

July WTI crude oil (CLN26 ) on Thursday closed down -0.19 (-0.25%), and July RBOB gasoline (RBN26 ) closed up +0.0853 (+2.93%). Crude oil and gasoline prices settled mixed on Thursday, with crude falling to a 3.5-month low. Thursday's rally in the dollar index ($DXY ) to a 13-month high...

Barchart · Jun 18

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

International Business Times · Jun 18