Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, posted a record-high profit of $185 billion for the first half of 2026, …
Read Full ArticleChina Expands Its Economic Footprint Across Central Asia
Soft power, in the form of scientific cooperation, is helping to drive an expansion of China’s economic influence in Central Asia. Uzbekistan and China, for …
Read Full ArticleTrump Puts 81 Million Gulf Acres Up for Oil and Gas Auction
The Trump administration will put oil and gas leases covering more than 81 million acres in the Gulf of Mexico up for auction on Wednesday, …
Read Full ArticleEIA Sees Massive Uptick in US Crude Oil Inventories
Crude oil inventories in the United States saw a massive increase of 17.4 million barrels during the week ending August 7, according to new data …
Read Full ArticleUkraine Halts Oil Tanker Attacks on JD Vance Request
The Ukrainian forces have reportedly suspended drone attacks on oil tankers at the port of Novorossiysk following a request by U.S. Vice-President JD Vance, the …
Read Full ArticleLME Aluminum Stockpiles Sink to Lowest Level Since 1990
Norwegian aluminum producer Norsk Hydro's Alunorte plant in Brazil, one of the world's largest alumina refineries, reduced output by 50% following disruptions to natural gas …
Read Full ArticleIran’s Leadership Reshuffle Signals a New Era of Centralized Command
Iranian Supreme Leader Mojtaba Khamenei's decision to formalize six senior military and security postings within 48 hours is less a personnel story than the closing …
Read Full ArticleIndian Refiners Seek 6 Million Barrels of Spot Crude
Indian state-controlled oil refiners continue to search the market for spot crude supply as term deliveries are constrained by the ongoing crisis in the Middle …
Read Full ArticleIEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter
The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the …
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TechnipFMC to supply flexible pipes for Azule’s West Hub Tails project
TechnipFMC has secured a contract from Azule Energy to deliver flowlines and risers for the West Hub Tails project offshore Angola.
Read Full ArticleUK Warns of Tighter Power Margins During Eclipse
The UK could see a power supply margin shortfall during the solar eclipse on Wednesday amid high demand in the new heatwave that is sweeping …
Read Full ArticleHormuz Ship Traffic Falls to Weekly Low as Standoff Drags On
The number of ships that have transited the Strait of Hormuz dropped to a week-low on Tuesday, according to shipping data, as vessel owners continue …
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