By Gabriel Cohen | Article/Editing: Niccolo Conte | Graphics/Design: Miranda Smith Key Takeaways Hong Kong ranks first with total debt equal to 380% of GDP, followed by Japan at 372% The U.S. ranks seventh at 264%, led by government debt (123%) and corporate debt (73%) How indebted is your country today? Based on the latest …
Ranked: The World’s Most Indebted Countries Today – Visual Capitalist Read More »
(Reuters) – Iran’s Revolutionary Guards said a fuel tanker was burning in the Strait of Hormuz after being hit by two drones, Iranian news agencies reported on Monday. The strait is the world’s most vital oil export route, connecting the biggest Gulf oil producers, such as Saudi Arabia, Iran, Iraq and the United Arab Emirates, …
Fuel Tanker Ablaze in Strait of Hormuz After Drone Strike, Iran Revolutionary Guards Say Read More »
(Reuters) – While the U.S. has no plans yet to sell oil from the Strategic Petroleum Reserve, the world’s largest emergency oil stockpile, presidents have long tapped it during times of crisis in attempts to control fuel prices for U.S. consumers. The administration of President Donald Trump is not currently discussing selling oil from the …
How Have US Presidents Tapped the Strategic Petroleum Reserve During War? Read More »
(Reuters) – Selling oil from the U.S. Strategic Petroleum Reserve after the U.S. and Israeli attacks on Iran is ‘not currently being discussed’, a U.S. source said on Monday. “Oil markets remain well supplied”, the source said. The SPR, held on the coasts of Louisiana and Texas, is the world’s largest emergency oil stockpile, currently …
US Not Currently Discussing Sale of Oil From SPR, Source Says Read More »
(Reuters) – The insurance cost of shipping goods through the Middle East Gulf has surged as much as five times in the past 48 hours since the U.S. and Israeli began airstrikes on Iran, with most underwriters not offering cover for any sailings through the Strait of Hormuz, insurance industry sources said on Monday. War …
Mideast Gulf Ship Insurance Costs Soar as US-Iran War Escalates, Say Sources Read More »
QatarEnergy has stopped production of liquefied natural gas (LNG) and related products following military attacks on its operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said on Monday. The state-owned energy firm did not provide details on the extent of the damage or how long the suspension would last. QatarEnergy …
QatarEnergy Halts LNG Production After Military Attacks on Facilities Read More »
(Reuters) – Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, a seafarer killed and 150 ships stranded around the Strait of Hormuz. Shipping through the strait between Iran and Oman, which carries around one fifth of oil consumed …
Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged Read More »
Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares up nearly 9% in premarket trading. In 2025, the U.S. became the first country to export more than 100 million metric tons (mmt) of liquefied …
Venture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales Volumes Read More »
Clyde Russell (Reuters) – The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence. Adding about 0.2% of global oil demand to supply a month from now is little more than a symbolic …
Forget OPEC+ Output Hike – Duration of Hormuz Disruption is What Matters Read More »
Summary South Bow’s plan to revive KXL needs additional links in US Proposal leverages existing infrastructure in Canada Environmental, Indigenous opposition likely for South Bow’s pipeline expansion (Reuters) – A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada’s crude exports to the U.S. …
