Japan is mobilizing its strategic petroleum reserves on an unprecedented scale, with Prime Minister Sanae Takaichi confirming a release of 80 million barrels — the biggest-ever in the nation’s history …
Business
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Treasury Secretary Says US Could Free Iranian Oil Worth Billions to Ease Market Pressure
by admin477351Treasury Secretary Scott Bessent made headlines Thursday when he confirmed the US is weighing a plan to lift sanctions on Iranian oil currently stranded on tankers in international waters. The …
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The 2026 energy crisis has reignited a debate over how much power Brussels should have over national energy markets. As prices soar due to the Iran conflict, some EU member …
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The United Arab Emirates has seen its oil production collapse by 50% as Iranian strikes target the nation’s most vital energy assets. On Tuesday, Brent crude prices surged to $103.20, …
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A 50-year-old law has become the center of a major constitutional clash between the U.S. President and the Supreme Court. The International Emergency Economic Powers Act (IEEPA) of 1977 was …
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TikTok’s American Future Secured — But at the Cost of a $10 Billion Government Payday
by admin477351TikTok will continue to serve millions of American users under a newly restructured ownership arrangement, but the deal that secured its future in the US comes with an extraordinary cost: …
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Chinese Vice-Premier He Lifeng is preparing to lead a delegation to France for a new round of economic discussions with the United States. The talks will take place over four …
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Late Thursday, the Trump administration announced a 30-day waiver on sanctions for Russian oil currently at sea, citing the need to stabilize global energy prices. Treasury Secretary Scott Bessent noted …
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The UK’s “Big Six” energy companies have a new competitor as Tesla secures its electricity supply licence from Ofgem. The authorization allows Elon Musk’s company to sell electricity to homes …
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A major shift in U.S. energy policy was signaled today as President Donald Trump announced a $300 billion oil refinery project in Brownsville, Texas. This is the first time in …