Finance news

Kazakhstan Extends Petroleum Export Ban Six Months as Hormuz Tensions Flare

Kazakhstan is growing more possessive of its petroleum products as a gasoline shortage tightens its grip in Russia and the US-Iran conflict reignites. Kazakh officials have established new police checkpoints on almost 60 roads along the country’s lengthy border with Russia to curb ‘gasoline tourism,’ according to local news reports. In addition, new restrictions have been introduced at border checkpoints, limiting trucks and cars to one crossing per day. In recent weeks, as gasoline shortages ha

Summer Heatwaves Are Rewriting the Rules for Britain's Power Grid

The energy grid operator has warned that the “extreme temperatures” from this week’s heatwave could hit power supplies on Thursday night, as households’ use of fans and air conditioner place a record strain on our electricity system. The National Energy System Operator (Neso) issued a rare overnight notice calling on energy companies to generate additional supplies to satisfy demand from cooling devices during what Britain’s third heatwave of the summer. It is Neso’s second warning in as many mo

Renewed US-China AI dialogue serves American security interests: former officials

A new round of US-China dialogue on the risks of artificial intelligence, even just for the sake of dialogue, will be important for furthering US national security, according to former senior US officials responsible for China affairs. The assessment comes after the world’s two leading AI superpowers agreed to a new round of intergovernmental talks on AI safety following the Trump-Xi summit in Beijing in May, though few details about the dialogue have been announced. Jeannette Chu, one of the...

Japan's JAPEX aims to nearly quadruple US oil, gas output by 2035

Savings round at Volkswagen: cars that the world doesn't need

The opening round at VW brought little tangible. However, the sales problems require rapid action. Without a joint effort, there is a risk of even greater adversity.

US Oil, Gas Drillers Hang Back in Volatile Market

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 581, up 44 from this same time last year. The number of active oil rigs stayed at 445 during the latest reporting period, according to the data. This is 21 above this same time last year. The number of gas rigs also stayed the same, at 126, which is 18 more than this time last year. The gain was courte

+++ Ukraine War +++: Ukraine attacks Russian tankers in the Sea of ​​Azov

Russian oil production drops massively +++ Fire extinguished in Russian Ilski oil refinery +++ Russia probably thwarts attack on military air base in Rostow +++ The news blog.

european personal finance is mostly fees taxes and pretending this is simple

every time i try to make one clean money plan for europe i remember europe is not one country someone says just buy a global etf then another person shows up like yes but in my country accumulating funds are taxed weird then someone else says use the tax wrapper then another person says we do not have that here then a broker fee appears then currency conversion then dividend taxes then exit taxes then some guy with 900 spreadsheets says actually the optimal answer depends on your residency plans

Dax currently: Dax closes only slightly changed - The struggle for 25,000 points continues

In the past four weeks, gains have predominated on the German stock market. Now the DAX is looking for a direction it can take sustainably.

China Tightens Its Grip on Namibia's Next Energy Boom

China isn't waiting for Namibia to become an oil producer. It's getting in early. During a state visit to Beijing this week, Namibia and China signed eight cooperation agreements covering energy, critical minerals, infrastructure, agriculture, and economic development, as China attempts to secure a front-row seat to what could become Africa's next major energy story. Namibia's first female president, Netumbo Nandi-Ndaitwah, spent the week courting investment as her government looks to diversify

Oil’s Calm Is Over as Middle East Risks Return

Renewed U.S.-Iran strikes have revived the Middle East risk premium, lifting Brent above $76 as traffic through the Strait of Hormuz slows and supply disruption fears return. Friday, July 10, 2026 The return of the Middle Eastern geopolitical risk premium has lifted global oil prices by $4 per barrel this week, with ICE Brent set to settle above $76 per barrel. Renewed US-Iran strikes pushed traffic through the Strait of Hormuz back toward a near-standstill as market concerns about continued sup

Russian Fuel Disruptions Push Central Asia Into an Energy Crisis

Ukraine's sustained attacks on Russia's oil refineries immediately plunged Central Asian countries into energy chaos, highlighting years of short-term policy decisions that have left the region without a coordinated energy strategy and sufficient diversification to withstand major disruptions. Just this week, Ukrainian drones knocked the Omsk refinery -- one of Russia’s largest processing facilities, with an annual capacity of nearly 22 million tons of crude oil -- offline, forcing Central Asian

Uber and Bolt: The taxis are staggering

The taxi industry enjoys privileges - rightly so, as taxis ensure public transport services. Pressure from competition from Uber, Bolt and Co. is still good for the industry.

IEA Chief Urges EU to Drop Arctic Drilling Ban

The European Union should reverse the current moratorium on drilling in the Arctic, where Norway is pushing to drill if allowed, Fatih Birol, the executive director of the International Energy Agency (IEA), has said. The EU’s moratorium on Arctic drilling was enacted in 2021 due to the bloc’s climate commitments and environmental concerns. The ban does not allow drilling in Norway’s northern parts of the Barents Sea, which is estimated to contain most of the remaining Norwegian oil and gas resou

BOEM Explores Potential for OCS Space Launch and Recovery

'The Outer Continental Shelf presents a significant opportunity to support the future of America's space economy', Acting BOEM Director Matt Giacona said.

SK Hynix stock set for Nasdaq debut, opening the trillion-dollar chip giant to U.S. investors

SK Hynix has soared to a trillion-dollar market cap by serving some of the biggest names in technology, including Nvidia and Apple.

UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels

The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June after the country left OPEC effective May 1, started raising output, and managed to sneak a lot of exports out of the Middle East even as the Strait of Hormuz was mostly blockaded for the first half of June. The crude oil produ

Venezuela Breaks Up Oil Monopoly Under New Rules

Venezuela's interim government published long-awaited oil regulations on Thursday.

Dow Jones, S&P, Nasdaq: The Middle East is depressing the mood of the US stock markets – investors are holding back

Stocks are falling, oil remains under pressure, the dollar is falling. The fragile ceasefire in the Middle East is keeping investors on tenterhooks. Apparently the efforts to negotiate are continuing.

Bureaucracy Is Strangling America's Clean Energy Buildout

The global energy system is facing a polycrisis. Consecutive and escalating geopolitical crises have thrown the world’s oil and gas markets into turmoil, the artificial intelligence boom is placing unprecedented stress on power grids and threatens to drive a major energy supply deficit in the near future, and all of this is taking place against the backdrop of dangerous heat waves, underscoring the cost of our energy system and the urgency of the global clean energy transition. So what is standi

Export ban: Helium shortage endangers China's future industries

China's industry is sounding the alarm. The reason: Qatar, the largest helium supplier, is failing, while Russia, the second largest supplier, is supplying much less. Beijing takes emergency measures.

IEA Cuts Russia's Oil Production Forecast Due to Ukrainian Attacks

Russia's oil production in 2026 and 2027 is set to be lower than previously expected, due to intensified Ukrainian drone attacks on Russia's energy infrastructure, the International Energy Agency said in its monthly oil market report on Friday. Russia produced on average 9.2 million barrels per day (bpd) in 2025. The forecasts for this year and next, however, has been downgraded from previous projections as Ukraine continues to inflict damage on Russia's storage, refining, and transportation ass

Can anyone point me to a good source on Oil?

pre MOU with iran there were reports that several places were approaching a critical level (see comments by Exon CEO, trump among others). Obviously since then there has been SOME transit of the straight but the best data Ive been able to find is that the area was able to get close to about 75% of pre war oil export levels (including pipelines). Obviously a large portion of that transit has been interrupted again, however we havent seen a spike in oil levels commensurate to what we had previousl

Volksbanken: “You can hardly imagine it” – trouble at Volksbanken after the Cologne brothel loan

The lobby association BVR is closely examining the processes at Volksbank Köln Bonn. In the cooperative sector, the case is seen as reputational damage - not the first in the recent past.

India’s State Nuclear Firm In Search of Global Uranium Assets

Indian state-owned NTPC Ltd, the biggest utility in the country, is looking to acquire stakes in uranium assets globally to secure fuel for the expected massive expansion of India’s nuclear power capacity. NTPC, currently the only nuclear power generator in the country, has issued a tender to hire consultants to help it identify potential uranium mines in which it could invest in uranium-producing countries, including Australia, Canada, Kazakhstan, and South Africa. Bids are due by July 16, acco

New law: Now the “biostairs” are coming into the boiler room

The Bundestag passes the new building modernization law. The installation of new gas and oil heating systems remains permitted – subject to conditions.

Chevron to Continue Supplying Gas to Australian Utility Alinta

Chevron signed a new agreement to supply 46 petajoules of Western Australian natural gas to Alinta over five years.

Riedl's Dax radar: AI correction and renewed battle for the stock market trend

Oil price turbulence and interest rate fears are causing stocks to tremble. However, the Dax should no longer fall too low: help is coming from highly rated US stock exchanges. A column.

ADNOC Orders $900 Million in New LNG Carriers to Expand Global Fleet

ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC Logistics and Services on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million, or 3.3 billion UAE dirhams. The newly-built vessels will be constructed at Jiangnan Shipyard in Shanghai, China, a

U.S. Strikes Fail to Break Iran’s Grip on the Strait of Hormuz

The U.S. launched another major round of strikes across Iran this week, targeting roughly 90 military sites, including coastal radar installations, anti-ship missile batteries, drone launch positions, command networks and IRGC naval assets around Hormuz. Tehran responded within hours with missile and drone attacks against U.S. military facilities in Bahrain, Kuwait, and Qatar while insisting it will continue enforcing its own navigation regime through the Strait. For Tehran, control of Hormuz is