The cumulative global impact of seven weeks of war in the Middle East will begin to emerge in the coming week, in a second round of business surveys from multiple countries. Whether the twin blows affecting growth and inflation seen in purchasing manager indexes after the first month of the Iran conflict intensified during month…
Since the start of the Middle East war, China has been reselling record volumes of LNG to other Asian buyers as its own demand has been tepid and stocks and gas supplies sufficient. In March alone, China resold up to 10 cargoes of LNG—a record-high for any month ever, according to data from energy analytics…
A Russian oil-laden tanker originally bound for China has reversed course in the South China Sea and is now heading to India. The move comes amid a global energy crisis caused amid the US-Iran war. The tanker Aqua titan, carrying Russian oil, was initially heading to China. (Brian Kushner/MarineTraffic.com) Ship-tracking data show that the Aframax…
Tesla CEO Elon Musk has now predicted that solar electricity will become ‘by far the biggest source of power for civilization,” as the tech industry is struggling with an energy crisis fueled by artificial intelligence. Musk took to social media platform X (formerly known as Twitter) about the growing energy crises. In a post shared…
CHERNIHIV, Ukraine—Within a week of the first drone barrage, this city of 270,000 people was left with rolling blackouts. Trolley buses sputtered to a halt in the middle of the road. Theater stages went dark during the final act. Schools closed. Air-raid sirens drowned out generators humming on street corners. PREMIUM Tetiana Torba and her…