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4d07/07

Gulf Oil Exporters Slash Prices as Buyers Gain the Upper Hand

Gulf oil producers are in a race to offer discounts to entice buyers, with Saudi Arabia’s latest price cut for Asian importers the sharpest in decades but unlikely to boost sales. Saudi Arabia yesterday cut its official selling price for crude to Asian buyers by as much as $11 per barrel, Reuters reported, but other Gulf exporters are cutting even deeper in order to sell their barrels that have sat in the Gulf for over three months. “The sharp month-on-month cuts to Saudi term OSPs came as littl

◇ unclassifiedmiddle-east · russia · usa
4d07/07⚠ shipping-routes · 2/5

Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

China’s crude oil demand is expected to peak this year, according to executives from the country’s largest oil firm, a scenario set to further reshape the global energy market following the Strait of Hormuz crisis. The world’s top oil importer would record slowing demand as reductions in the use of transport fuel outweighed gains in petrochemical demand, said Zhang Changbao, vice-president of China National Petroleum Corporation (CNPC) Asia-Pacific (Hong Kong), at an event in Hong Kong on...

◇ unclassifiedchina · asia · europe
4d07/07⚠ war-conflict · 3/5

India’s Fuel Consumption Slips Despite Record Crude Oil Imports

Despite recovering energy flows out of the Middle East, India’s fuel consumption last month fell by 3.7% from May to a total of 19.24 million metric tons, Reuters has reported, citing data from the country’s oil ministry. Fuel consumption was also down on the year in June, by 3.1%, the data showed. However, gasoline sales were up on the year, by a substantial 7.4%, even though they were down on the month, by 3.2%. Reuters suggested sales of gasoline to Russia played a role in the sales increase,

◇ unclassifiedmiddle-east · russia · usa
4d07/07

More hardship in fuel-starved Cuba, hit by third nationwide blackout this year

Cuba on Monday suffered its third nationwide power outage since the start of the year, causing mounting despair in the face of an energy collapse precipitated by a US fuel blockade. The communist island was already struggling to keep the lights on before US President Donald Trump in January cut off its oil supplies, depleting the dwindling supply of fuel for its power plants. Union Electrica (UNE), the state electricity company, announced a “total disconnection” to the entire island at midday,..

◇ unclassifiedchina · asia
4d07/07

How do you measure the real strength of a real estate portfolio beyond just “ROI”?

I have been thinking about how investors compare real estate portfolios in a more serious way, similar to how stock investors look beyond simple returns and use metrics like Sharpe ratio, volatility, drawdown, dividend yield, beta, etc. In real estate, most people casually talk about “capital appreciation” or “rental income”, but I feel that does not give the full picture. Two investors can both make 8% rental yield, but one may be over-leveraged, exposed to vacancy risk, paying high service cha

Social◇ unclassifiedusa
4d07/07

Singapore named world’s most expensive city for luxury spending for fourth year in a row

Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe. Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020, according to an annual report by Swiss wealth manager Julius Baer Group. Hong Kong and London rounded out the top five. Zurich’s three-place rise was propelled by the strengthening of the Swiss.

◇ unclassifiedchina · asia · usa
4d07/07⚠ war-conflict · 2/5

Tanker set ablaze after hit by projectile in Strait of Hormuz region

An “unknown projectile” struck and caused a fire on an oil tanker off the coast of Oman near the Strait of Hormuz on Monday, British maritime security agency UKMTO said. The incident occurred near one of the world’s most important energy shipping routes, despite a ceasefire between the United States and Iran and ongoing efforts to secure a lasting peace agreement. The United Kingdom Maritime Trade Operations (UKMTO) said the incident took place about 8 nautical miles (15km) east of Limah,...

◇ unclassifiedchina · asia · usa
4d07/07⚠ war-conflict · 3/5

The U.S. Army Just Took a Historic Step to Break China's Rare Earth Dominance

The U.S. Army has placed REalloys at the center of America’s drive to rebuild its heavy rare earth supply chain, selecting the company to build and operate the first-ever commercial critical mineral processing operation on a U.S. military installation. REalloys plans to build a heavy rare earth processing complex at the Tooele Army Depot in Utah capable of refining dysprosium and terbium, two of the most strategically important rare earth elements used in high-temperature permanent magnets for d

◇ unclassifiedmiddle-east · russia · usa
4d07/06

Why Abu Dhabi Is Building the World's First Integrated Energy-AI Economy

For decades, countries have been competing by setting up larger energy sectors, deeper ports, or stronger digital economies. That era is ending. The emerging global economy, even if it being fractured, is no longer defined by excellence in individual sectors but by the ability to integrate them into a single strategic ecosystem. Energy powers artificial intelligence, AI optimizes logistics, while maritime infrastructure enables both physical and digital trade. Few governments have fully grasped

◇ unclassifiedmiddle-east · russia · usa
4d07/06⚠ shipping-routes · 3/5

Big Oil Heads for Record Profits as Trump Turns Up the Heat on Gas Prices

The oil majors are set for windfall earnings for the second quarter, which saw crude oil prices jump to a four-year high due to the closure of the Strait of Hormuz. The earnings at both ExxonMobil and Chevron are expected to have tripled in the April to June quarter compared to the first quarter, as the worst supply disruption in the history of oil markets crippled oil flows from the Middle East, triggered crude price spikes and heightened volatility, and depleted oil inventories, including in t

◇ unclassifiedmiddle-east · russia · usa
5d07/06

Shell And ExxonMobil Are Betting Billions On Nigeria's Deepwater Comeback

Nigeria is trying to rebuild its energy industry from the ground up, not only trying to recover lost crude production, but working to turn itself into Africa’s dominant refining, gas, capital markets and energy export hub. The clearest test is the Dangote Refinery. The 650,000-barrel-per-day plant has already changed Nigeria’s fuel market and is now preparing for what could become the largest IPO in African history. Dangote Refinery is seeking to raise around $4 billion at a valuation of roughly

◇ unclassifiedmiddle-east · russia · usa
5d07/06⚠ war-conflict · 3/5

Saudi Arabia Ships 34 Million Barrels Through Hormuz Despite Thin Tanker Traffic

Saudi Arabia has shipped roughly 34 million barrels of crude through the Strait of Hormuz since the June 17 ceasefire, according to Kpler cargo-tracking data, even though only about 27 commercial vessels per day have been transiting the waterway with active AIS signals, according to IMF PortWatch. Commercial traffic remains at roughly one-third of its pre-war level of about 84 daily vessel transits, even as crude exports continue to recover. On July 4, only 25 vessels crossed the strait with act

◇ unclassifiedmiddle-east · russia · usa
5d07/06

North America Drove Nearly Half Of Global Emissions Growth In 2025

The Energy Institute has released the 2026 Statistical Review of World Energy, published in partnership with Ember and in collaboration with KPMG and Kearney. The Statistical Review was previously published for more than 70 years by BP, and it remains one of the most useful annual references for understanding the global energy system. The full report and data can be found at this link. Over the next month, I will dig into the major categories in the report, including oil, natural gas, coal, rene

◇ unclassifiedmiddle-east · russia · usa
5d07/06⚠ war-conflict · 3/5

Iran War Strengthens the Case for Renewables and Storage

Let’s say that the Iran war has ended. Being investors, not political pundits or military strategists, we won’t opine on who won. Major events, however, have investment consequences. The incontrovertible winners, on a short and long-term basis, are the engineering, infrastructure, and construction firms that repair the damage, and the munitions manufacturers that replace the equipment consumed in the war. Nobody else comes close. What about oil? Oil prices have already retreated. Iran may rejoin

◇ unclassifiedmiddle-east · russia · usa
5d07/06

The Family Ministry is apparently only planning three mandatory “father months” for parental allowance

Family Minister Karin Prien (CDU) wants to reduce the maximum period of receipt of parental allowance: from the current 14 to twelve months. SPIEGEL reported on it. The magazine Politico now reports that the parental allowance model is to be modified so that the so-called “father months” would be increased from two to three months. As recently as June, coalition circles said that Prien's plans would provide for four months for both partners and a further four months for free distribution in order to have full access

Social◇ unclassifiedgermany · usa · europe
5d07/06

UAE Oil Production Nears Record High After OPEC Exit

The UAE is wasting little time capitalizing on its exit from OPEC, with crude production already climbing above 3.8 million barrels per day in June, its highest level in more than six years, as Abu Dhabi rapidly converts spare capacity into exports despite weaker oil prices. Production has accelerated since the UAE formally withdrew from OPEC and OPEC+ on May 1, ending years of output restrictions that had limited its ability to fully utilize its production capacity. Energy Minister Suhail Al Ma

◇ unclassifiedmiddle-east · russia · usa
5d07/06

The Colorado River Crisis Is Reaching a Breaking Point

Depending on whom you talk to, the Colorado River serves either 35 million or 40 million people, all of whom are having to reconsider how much water they use and how they use it in the wake of an ongoing megadrought that arrived at the beginning of this century. The changes are no longer in the "let's-discuss-this" phase as the federal government threatens to impose up to a 40 percent cut in river water allocations over the next 10 years if the seven western states—Colorado, New Mexico, Wyoming,

◇ unclassifiedmiddle-east · russia · usa
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