Russia's GDP contracted by 1.8% in January-February, -Putin said
North Korea is showing a "very serious increase" in its ability to produce nuclear weapons, the head of the International Atomic Energy Agency says
5 day agoThe Trump administration eased financial sanctions on Venezuela to stabilize its struggling economy and address protests against low wages. This change allows major state banks, including the Banco Central de Venezuela, to use U.S. dollars, access oil revenues
Federal Reserve Bank of Chicago President Austan Goolsbee said interest-rate cuts may be pushed back by the surge in energy prices due to the Iran War
6 day agoTrump: Europe is desperate for Energy, and yet the United Kingdom refuses to open North Sea Oil, one of the greatest fields in the World. Tragic... Aberdeen should be booming. Norway sells its North Sea Oil to the U.K. at double the price. They are making a fortune. U.K., which is better situated on the North Sea for purposes of energy than Norway, should, DRILL, BABY, DRILL... It is absolutely crazy that they don’t… AND, NO MORE WINDMILLS
6 day agoTwo ships from Iran are crossing the Strait of Hormuz despite the US blockade. Source: Kpler intelligence
Ukrainian President Volodymyr Zelensky said on Tuesday that a pipeline carrying Russian oil through Ukraine to Hungary and Slovakia, which was damaged in Moscow's strikes, would reopen by the end of April
6 day agoExplosions were reported at the substation near Melitopol
Joint statement from the IMF, World Bank and the IEA: The impact of the war is large, global and extremely disproportionate
The price of physical crude oil cargoes for prompt delivery to Europe hit a record high near $150 a barrel on Monday and those for Africa hit new peaks, according to LSEG data and traders
The U.S. military has started a blockade of ships entering or leaving Iran's ports, after weekend talks on ending the war broke down
Russia begins final phase of evacuation of staff from Iran's Bushehr nuclear power plant.
1 week agoExplosions were reported in Cherepovets
ASEAN statement: We call for the restoration of safe, continuous, and unimpeded passage of ships and aircraft through the Strait of Hormuz.
Malaysia's maritime authorities detained two tankers and its crew members suspected of conducting an illegal ship-to-ship diesel transfer off Penang, in one of the latest crackdowns on illicit fuel activities in the country's waters
.@POTUS: "At 10a tomorrow, we have a blockade going into effect — that'll be 10a tomorrow. Other nations are working, so that Iran will not be able to sell oil and that will be very effective
Trump says that amid US pressure on Iran, China could buy oil, gas from US, Venezuela
1 week agoUS President Donald Trump says that “any Iranian who fires at us, or at peaceful vessels, will be blown to hell.”
Saudi Ministry of Energy: Full pumping capacity restored via the East-West pipeline, reaching approximately 7 million barrels in 24 hours.
Saudi Ministry of Energy: Work is still underway to restore full production capacity at the Khurais field.
The TAL oil pipeline, connecting Italy, Austria, and Germany, has been sabotaged. Reports indicate that in late March—roughly 30 days into the conflict between the U.S., Israel, and Iran—electricity supplies from the grid to the Terzo di Tolmezzo pumping station in the Italian Carnia region were severed. What appears to be a deliberate act of sabotage occurred in the industrial heart of Europe. The supply halt lasted three days, ending on March 30
Reuters, citing sources: Washington may agree to extend a waiver allowing the sale of some Russian crude oil on Friday.
1 week agoUkraine’s General Staff reports that overnight on 10 April, Defence Forces struck two offshore drilling platforms in the Caspian Sea as part of efforts to reduce Russia’s military-economic capacity.
Hassett: Hormuz can be opened within two months
1 week agoFire at the oil pipeline Volgograd-Tikhoretsk near Volograd
1 week agoTürkiye’s Minister of Energy @aBayraktar1 has arrived in Mogadishu. He will attend the ceremony marking the start of duty of the Çağrı Bey ship, which will conduct oil drilling off the coast of Mogadishu
SPA, quoting an official from the Saudi Ministry of Energy: Attacks on energy facilities in the Kingdom resulted in the death of one citizen and the injury of seven others.
1 week agoExplosions were reported at the substation in Melitopol. Power blackout in the district
Keir Starmer: I'm fed up with the fact that families across the country see their bills go up and down on energy, businesses' bills go up and down on energy, because of the actions of Putin or Trump across the world
Only a single tanker has passed through the Strait of Hormuz over the last 24 hours -Reuters. An additional 5 dry bulk carriers made the transit
