Crude Rises As OPEC+ Meeting, And Possible Cuts, Approach
For a third day, oil gained as industry data indicated US crude stockpiles were substantially drawn down, and the next OPEC+ meeting approached, where it is expected the Cartel will…
UK Boots China From Domestic Energy Project
According to a new statement from the UK Department for Business, Energy, and Industrial Strategy, (BEIS), China General Nuclear, (CGN) is being removed by the UK government from the Sizewell…
German MP Says Germany Cannot Replace Russian Gas
On Tuesday, the chairman of the Bundestag committee on energy, Klaus Ernst, warned that even despite a recent liquid natural gas supply agreement with Qatar, Germany still has no way…
Russia And China Look To Bypass SWIFT
Russia Deputy Prime Minister Aleksandr Novak said on Tuesday that Russia and China are developing a financial settlement system which will facilitate cross-border economic transactions while bypassing the Western SWIFT…
ECB President Warns Eurozone Inflation Will Likely Rise
On Monday, European Central Bank (ECB) President Christine Lagarde warned that inflation in the Eurozone has not yet hit its peak, and it will likely surge even higher. Lagarde said…
Is Musk’s War On Apple A Tesla Pi Phone Marketing Ploy?
Elon Musk opened fire on Apple (AAPL) on Twitter, in the first salvo of what may become a much more prolonged war. On Monday, Musk took to Twitter to accuse…
BlockFi Files Chapter 11 As FTX Contagion Spreads
The collapse of the FTX crypto exchange has spread to crypto-firm BlockFi, as it has now filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the…
Senate Looks To Strengthen Chinese Computer Chip Ban
Democrat majority leader Chuck Schumer urged lawmakers to back a bill which would prevent the US government from doing any business with any firm the Pentagon identified as a Chinese…
Biden Calls On Congress To Avert Rail Strike
President Joe Biden is calling on Congress to step up and intervene to avert a pending rail strike which could cripple the US economy as rail transport services for goods…
Gazprom To Mothball Nord Stream Gas Pipelines
Russian state energy giant Gazprom has announced it will be shuttering both Nord Stream pipelines and their associated compressor stations, according to a new report in the Kommersant newspaper Monday…
