About ten years back, US energy policies included both fossil fuels and renewables under “all of the above. ” Leaders like former President Barack Obama even supported fracking, arguing that protecting the economy didn’t mean ignoring the environment. Surprisingly, at the time, oil drilling was seen
Financial leaders worldwide turn their eyes toward Washington this week, where one of the most powerful finance chiefs from Europe just fired a warning shot about money and markets. The head of the UK Treasury, sitting across from TV cameras in the capital of the United States, made clear that the o
A recent conversation with a source close to Tehran revealed that Iran might allow vessels to travel freely through the Oman side of the Strait of Hormuz, provided a peace agreement is signed with the United States. The strait is a vital artery for global trade, carrying roughly 20 % of the world
The chairman of the Eurozone finance ministers, Kyriakos Pierrakakis, told a Washington event that the worst case—stagflation triggered by the U. S. and Israel’s conflict over Iran—is not yet happening. He said that the sharp jump in oil, gas and fertilizer prices caused by a potential shutdown of
A senator who began her career in the state legislature two decades ago remembers how Alaska’s budget keeps swinging between deficits and surpluses. The state relies on big chunks of federal money or high oil prices to pay for schools, roads and other services. When those sources shrink, the budget
Japan has announced a new plan worth 10 billion dollars aimed at ensuring a steady supply of oil from Asia. The government will invest in projects that help secure shipping routes and storage facilities near key suppliers. By doing so, it hopes to reduce the risk of shortages caused by political ten
Two major oilfield service companies recently saw their stock ratings lowered by a big financial firm. NOV and Trican Well Services now face a "Sector Perform" rating instead of the previous "Outperform. " This change suggests experts believe these companies might struggle in the near future. The do
The U. S. Treasury Secretary recently shared an upbeat take on the country’s economy, brushing off worries about the Iran conflict. While wars often disrupt markets, he argued that America’s economy could still expand by more than 3% this year. Global watchdogs like the IMF and World Bank, however,
The war near Iran has messed with fertiliser supplies, and that’s bad news for poorer countries that can’t easily swap suppliers. About a third of the world’s nitrogen fertiliser usually moves through the Strait of Hormuz, a narrow waterway where ships are getting delayed or rerouted. Since many far
Zambia recently chose to pause fuel taxes for three months to protect drivers from rising oil prices caused by regional conflicts. The move will cost the government around $100 million in lost revenue, adding pressure to an already tight budget. Finance officials admit the decision leaves fewer fund
