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17d06/25

Colombia's Cocaine Trade Now Outearns Its Oil Exports

Drug lords in Colombia are making more money from cocaine than the government is making from crude oil sales, a report from a Colombian university has found. At $16.5 billion for 2024, cocaine revenues surpassed oil export revenues, which stood at around $15 billion that year, UPI reported, citing the research from EAFIT University. Oil export revenues, however, remain Colombia’s largest export revenue generator, the research showed. Together with coal exports, oil exceeds the illicit trade in c

◇ unclassifiedmiddle-east · russia · usa
17d06/25

Geothermal Could Power 65 Million U.S. Homes by 2050, DOE Says

“It’s going to be the decade of geothermal,” Cindy Taff, chief executive of geothermal company Sage Geosystems, told The Hill in February of 2025. Over a year later, it is becoming increasingly evident that Taff is definitely onto something. Although geothermal energy is still a tiny sector and faces some significant headwinds when it comes to its up-front installation and development costs, it has numerous competitive edges over other, more common energy sources. It’s clean, it’s constant, it’s

◇ unclassifiedmiddle-east · russia · usa
17d06/25

Venezuelans search rubble for survivors after twin earthquakes kill at least 188

Venezuelans searched for survivors beneath collapsed buildings on Thursday and rescue teams raced to northern areas rocked by a pair of powerful earthquakes that officials say killed at least 188 people and left more than 200 trapped. More were feared dead. The 7.2- and 7.5-magnitude earthquakes that struck on Wednesday evening were among the strongest in Venezuela in more than a century and were felt throughout the region. Some 1,500 people were injured, thousands were reported missing across..

◇ unclassifiedchina · asia · usa
17d06/25

oil glut ..market massively oversupplied

Market needs just 12mb/d June 2026 July 2026 EW Pipeline 2.0 2.0 Russia + Iran Oil on Water 1.5 1.0 China Import Reduction 4.0 5.0 UAE Fujairah Pipeline 2.0 2.0 Iran Crude Exports 3.5 4.0 Extra production (UAE, Iraq, Kuwait, Saudi, Qatar) 3.5 4.0 Rest of World SPR Release 1.0 1.0 US SPR Release 3.0 2.5 Production Cuts outside Arab Gulf + China 0.0 0.5 Total Extra Crude Oil ~20.5 mb/d ~22.0 mb/d submitted by /u/Anxious_Neat_6274 [link] [comments]

Social◇ unclassifiedchina · russia · middle-east
17d06/25⚠ shipping-routes · 2/5

Asia's Crude Buying Spree Is Running Out of Steam

Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi crude. Lingering uncertainties about the navigability of the Strait of Hormuz and high freight costs have deterred Asian buyers from continuing the buying spree that began earlier this month, with millions of barrels of Abu Dhabi crude snapped up in spot trades. Incentives to Buy Immediately Wane Yet,

◇ unclassifiedmiddle-east · russia · usa
17d06/25

TF-Bank General Terms and Conditions Change

Today I received an email from TF Bank about the changes to the terms and conditions asking me to agree and I'm a little surprised about them. For me, the assignment of salary in the event of default by the employer reads as a horror scenario. If you miss the payment, is there direct garnishment information to the employer or what? I practically never use the card itself and it is only intended as a diversification (Mastercard, insurance) and I pay it back straight away when I use it. I'm just thinking,

Social◇ unclassifiedgermany · europe
17d06/25

SpaceX Wants to Fuel Its Mars Ambitions With Its Own Gas Pipeline

SpaceX has spent years trying to reinvent rockets. Now it's coming after midstream. The aerospace giant plans to begin construction next month on an eight-mile natural gas pipeline dubbed "Starpipe" that will feed its Starbase launch facility in South Texas, according to filings reviewed by Reuters. The pipeline is expected to be operational by January and marks the latest step in Elon Musk's increasingly ambitious plan to control nearly every link in the Starship supply chain. Starship burns li

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ shipping-routes · 3/5

Gas Prices Are Falling. Your July 4 Fill-Up Still Won't Feel Cheap.

The good news is that gasoline prices have been falling for six straight weeks. The bad news? Americans are still heading into one of the most expensive Independence Day weekends they've ever seen. GasBuddy projects the national average price of gasoline will be about $3.75 per gallon on July 4—the second-highest on record, trailing only the $4.80 per gallon reached during the energy crisis of 2022. That's a far cry from May, when the closure of the Strait of Hormuz sent gasoline prices soaring

◇ unclassifiedmiddle-east · russia · usa
17d06/25

Lithium Prices Tumble As Traders Brace For CATL Supply Surge

Lithium carbonate futures in China fell ~10% over two trading sessions, dropping to a 10-week low of approximately 157,000 yuan ($23,175) per tonne on Tuesday following market speculation that China’s EV battery giant, Contemporary Amperex Technology Co. (CATL), may soon restart its massive Jianxiawo mine. Reports from authorities in Jiangxi Province show that CATL’s Jianxiawo lithium mine in Yichun passed a preliminary land pre-review and site selection, with the Jiangxi Provincial Department o

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 2/5

Macron calls Évian a ‘turning point’: Trump signed the joint G7 statement on Ukraine’s territorial integrity and sanctions, and for the first time said Russia, not Ukraine, has to make a deal

The communiqué language is boilerplate. “Unwavering support for Ukraine’s freedom, sovereignty and territorial integrity,” more air defence and interceptors, long-range capability, tougher sanctions on Russian oil and gas. None of that is new. What’s new is whose signature is on it. Trump signed, after months of the US leaning toward a neutral-broker stance. Macron called it an “Évian moment” and “a very profound shift,” pointing specifically to a US “willingness to work with the Europeans in su

Social◇ unclassifiedeurope · russia · uk
17d06/25

‘Alligator Alcatraz’ migrant detention centre has closed, Florida governor DeSantis says

“Alligator Alcatraz”, the remote Florida immigration detention centre that faced harsh criticism for its conditions, has shut down nearly a year after opening, Governor Ron DeSantis said on Thursday. DeSantis said the centre at an isolated airstrip in the Everglades was always meant to be only temporary until more permanent detention facilities could be secured, and federal officials now have that capacity. “It served its purpose for the time,” the Republican governor said at a news...

◇ unclassifiedchina · asia · usa
17d06/25

Kazakhstan Lands $12 Billion in EU Deals to Expand Energy and Trade Ties

Kazakh President Kassym-Jomart Tokayev’s visit to the EU’s headquarters in Brussels has yielded agreements and MoUs potentially valued at over 12 billion dollars. The key deal involves the purchase of 50 Airbus passenger jets for 7.1 billion euros. Tokayev’s visit, which concluded June 23, focused on developing Middle Corridor trade links within the context of the EU’s Global Gateway program. Prominent among Tokayev’s meetings in Brussels were discussions with European Commissioner for Trade and

◇ unclassifiedmiddle-east · russia · usa
17d06/25

US assures India over AI ‘kill switch’ as ‘Pax Silica’ expands in bid to counter China

The United States has assured India that future artificial intelligence models will not be “cut off” days after Washington abruptly banned Anthropic’s advanced models on national security grounds, a senior Indian official told the South China Morning Post on Thursday. “There was an understanding, and something that they [US officials] certainly mentioned, that access to technology, once it is provided, will not be cut off. I think that was an assurance,” said S. Krishnan, secretary of India’s...

◇ unclassifiedchina · asia · usa
17d06/25⚠ war-conflict · 4/5

Russia Turns Asia’s Oil Shock Into an Indonesian Opening

Russia has emerged as one of the clearest commercial beneficiaries of the US-Israel war with Iran. Before March 2026, buying Russian crude was widely treated as a sanctions risk that only Chinese and, to a lesser extent, Indian private companies could comfortably absorb. The first US waiver for Russian barrels, announced on March 12, changed that calculation. It showed that, during a major Middle Eastern supply disruption, Asia could not balance its oil market without Russian crude, and even Was

◇ unclassifiedmiddle-east · russia · usa
17d06/25

DeepSeek hiring spree: Chinese AI firm seeks newcomers as it pursues AGI

DeepSeek is looking to “at least double the size of every department” in a new hiring spree, according to an announcement made by the Chinese AI champion on Thursday. The firm announced openings in 33 positions across seven major categories, including full-stack development and algorithms, artificial intelligence (AI) core system R&D, deep learning research, and model data strategy product management and engineering. “DeepSeek’s hiring philosophy is to let newcomers take on the most core and...

◇ unclassifiedchina · asia
17d06/25⚠ war-conflict · 3/5

Major Saudi Oil Terminal Roars Back to Life as Gulf Supply Recovery Accelerates

Saudi Arabia's biggest oil export terminal is finally stirring back to life, and that's a much bigger deal than another headline about the Strait of Hormuz reopening. After sitting largely idle since early March, Saudi Aramco is preparing to resume crude loadings at Ras Tanura, with multiple very large crude carriers owned by Bahri moving toward the Ju'aymah offshore loading area on Thursday, according to Bloomberg vessel-tracking data. The past week has been filled with headlines about the reop

◇ unclassifiedmiddle-east · russia · usa
17d06/25

AI Boom Forces Tennessee to Plan Massive Natural Gas Expansion

The Tennessee Valley Authority released its preliminary 2026 integrated resource plan on Monday, saying load growth in its footprint is already outpacing the reference case forecast in its draft IRP, and that it has incremental capacity needs for between 7 GW and 26 GW of natural gas between now and 2040. “TVA’s actual and forecasted electricity demand has increased relative to the draft IRP’s Reference scenario and is approaching the Higher Growth Economy scenario primarily due to data center g

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 3/5

UK Energy Secretary Vetoed Plan to Boost Oil Output for Defense Funds

UK Energy Secretary Ed Miliband has vetoed a plan by the Treasury to boost North Sea oil and gas drilling in order to fund part of Britain’s increased defense funding needs, The Telegraph reported on Thursday, citing a government source. As the UK plans to increase funding for military programs and rearmament amid heightened geopolitical tensions, the Treasury has proposed a plan to boost drilling in the UK North Sea and use the higher tax revenues from said drilling to fund part of the $24 bill

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 3/5

AI Data Center Boom Could Drive Fuel Cell Market to $30 Billion by 2030

Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion, as AI computing demand drives unprecedented growth in data center construction. A contracted order book of approximately 9 gigawatts (GW), including framework agreements with Oracle, AEP, Equinix, and Brookfield

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 3/5

Asia treads cautiously on Iranian oil exports despite US sanctions waiver

Asian economies are expected to exercise caution in buying oil from Iran following a 60-day sanctions waiver for the Gulf country’s oil exports that took effect from Sunday, as they weigh compliance, financial risk and a potential return of hostilities between Washington and Tehran. Global markets have been looking for signs of progress that the United States and Iran could reach a lasting peace agreement despite concerns over the sustainability of a 60-day ceasefire that began earlier this...

◇ unclassifiedchina · asia · usa
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