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For the past few weeks, I have been driving past gas stations in the South of France, wondering if I was seeing double. In early […] Source
| Keywords | dieseloilenergyfuelfrancegas-stationsresource-warfaregeopoliticsdictatorseconomysupply-chaineuropecommoditiespoliticsglobal-markets |
BP's decision to sell its North Sea oil business underlines concerns over British energy policy and its impact on investment and jobs.
BP’s decision to sell its North Sea oil business underlines concerns over British energy policy and its impact on investment and jobs . PULSE POINTS WHAT HAPPENED: BP has announced plans to sell its North Sea oil business, which includes five production hubs and employs approximately 1,100 people. The company stated this decision aligns with its broader strategy to streamline operations and focus on higher-value opportunities, against a backdrop of punitive climate regulations and windfall taxes on the sector imposed the incumbent Labour and prior Conservative governments. DETAIL: BP’s North Sea assets, including Glen Lyon, Clair, and Clair Ridge, have been central to the British energy system for decades. However, political…Open
By John M. Contino Oil is front and center of the Iran War, and its slow-motion humanitarian ramifications are being underestimated.
A new round of tariff carve-outs has raised familiar questions about who should receive the lucrative exceptions, and why.
As increased rain makes grasslands and cornfields possible in areas that once were deserts, the world’s largest beef importer is becoming more self-reliant by expanding domestic herds.
By Mark St. Cyr When confidence erodes, collateral suddenly matters again.
| Keywords | goldprecious-metalsconfidenceeconomic-uncertaintymarket-trendsfiscal-policyrecession-fearscommoditiesamerican-thinkercollateralmark-st-cyreconomyfinancial-crisistrustpublic-confidence |
Oil surged to $100 per barrel after Iran-backed Houthi rebels attacked two Saudi tankers in the Red Sea. And, President Trump overnight replaced expiring tariffs with a slew of new ones.
Stocks in Asia were down following a sell-off in the U.S. markets over soaring oil prices, rising borrowing costs and worries about the technology industry.