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25d06/18

India’s Energy Import Bill Jumps 82% Due to High Oil Prices

India’s imports of crude and LNG jumped in May from April, as arrivals of non-Middle Eastern cargoes accelerated, and the country's energy import bill soared by nearly 82% from a year earlier amid higher energy prices. India’s crude oil imports rose by 7.5%, and LNG imports jumped by 16% in May from the previous month, according to provisional data from the oil ministry compiled by Indian media. The country paid as much as $18.7 billion on oil and gas imports in May, up by 81.6% compared to the

◇ unclassifiedmiddle-east · russia · usa
25d06/18⚠ shipping-routes · 2/5

More Than 60 Million Barrels of Oil Ready to Head to Asia as Hormuz Reopens

Crude cargo arrivals in Asia from the Middle East could accelerate in the coming weeks as more than 60 million barrels of oil stuck in the Persian Gulf prepare to exit the Strait of Hormuz and head to Asian markets once the chokepoint reopens to traffic. About 62 million barrels of crude oil on nearly three dozen supertankers are expected to make their way to Asia within weeks after the Strait reopens, according to Signal Group data carried by Bloomberg. Asia, which felt the supply shock first a

◇ unclassifiedmiddle-east · russia · usa
25d06/18⚠ war-conflict · 2/5

Ukraine strikes Moscow oil refinery amid large-scale drone attack

The number is the story this time. Sobyanin says around 194 drones were downed over Moscow overnight. The previous record for the capital was 74, back in March. So this is not an incremental step up, it is nearly triple the prior ceiling, concentrated on the city itself rather than the periphery. The target was the Gazprom Neft refinery in Kapotnya, about 15km from the Kremlin, hit for the second time in three days. It supplies a large share of Moscow's fuel. All four Moscow airports shut down t

Social◇ unclassifiedusa · russia · uk
25d06/18⚠ war-conflict · 1/5

No, Europe isn’t “Falling Behind” America

Does anyone understand these effects of different methods of calculating GDP growth and inflation rate? This was completely new to me and I found it extremely interesting. Especially since the argument often comes up in the discussion that the official inflation rate is not particularly meaningful because "improvements" in technical products are taken into account. As the video shows, this is not the case in all countries to the same extent. submitted by /u/justmisterpi

Social◇ unclassifiedgermany · usa · europe
25d06/18⚠ war-conflict · 3/5

Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover

Tanker traffic via the Strait of Hormuz may never fully recover to pre-war levels thanks to alternative routes that oil producers in the Middle East have tapped amid the crisis, Goldman Sachs analysts have warned. According to them, oil flows from the chokepoint could only recover to 70% of pre-war levels, or 13 million barrels daily. The recovery could take a little over a month, with that 70% of traffic achieved by the end of July, Bloomberg reported, citing the investment bank’s analysts. The

◇ unclassifiedmiddle-east · russia · usa
25d06/18⚠ shipping-routes · 2/5

More in Taiwan favour goodwill to Beijing over defence ties with US, poll shows

Taiwanese value showing goodwill to the mainland more than deepening cooperation with the United States, according to a survey conducted soon after US President Donald Trump visited Beijing last month. The survey, published by the government-funded Institute for National Defence and Security Research in Taipei on Tuesday, polled 1,127 Taiwanese residents from May 28 to 31. Asked about the most important approach to safeguarding the island’s security and peace across the strait, 44.9 per cent of.

◇ unclassifiedchina · asia · usa
25d06/18

High Oil Prices Are Driving an EV Boom in Europe

High oil and fuel prices led to yet another monthly rise in electric car sales in Europe, at a solid 34% on the year, thanks in no small part to the wider availability of cheaper vehicles from China, Reuters reported today, citing data from E-Mobility and New Automotive. Yet, European carmakers are also seeing higher demand for their electric models, with Renault reporting a 50% increase in its EV order book, per Reuters. However, the chief executive of the French major cautioned that this could

◇ unclassifiedmiddle-east · russia · usa
25d06/18⚠ war-conflict · 3/5

Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars

Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources. The value of Aramco’s infrastructure assets could be as high as $50 billion, one of the Reuters sources told the publication. This gives Aramco a pretty comfortable asset sale base—and sulfur right now is very hot, after the Middle East war disrupted a solid chunk of global supply for a vital commodity with multiple applicati

◇ unclassifiedmiddle-east · russia · usa
25d06/18⚠ war-conflict · 2/5

LNG Reprices Global Energy Flows as Markets Digest Fed and European Policy Signals

Key Takeaways • LNG markets are shifting from geopolitical repricing toward storage rebuilding and supply-allocation dynamics. • The post-Fed environment leaves growth expectations, industrial demand and financing conditions as secondary macro layers for natural-gas positioning. • European LNG flows remain solid, with total EU flow at 427.96 mcm and the Top 5 terminals accounting for 43.3% of flows. • Dutch TTF has fallen sharply over five sessions, reflecting the unwinding of geopolitical risk

Social◇ unclassifiedusa · europe
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