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News
The cost of shipping oil already skyrocketing
19+ hour, 50+ min ago (110+ words) BREAKING: Earnings for VLCC supertankers on the benchmark Middle East-to-China route are up to nearly $800,000 per day, an all-time high.Rates have more than doubled over the last 2 months.At the same time, the rate for a VLCC charter from…...
Commerce Department Finalizes Steep Duties on Solar Imports From India, Indonesia, Laos
23+ hour, 19+ min ago (256+ words) The Commerce Department on Friday finalized steep duties on imports of solar cells and panels from India, Indonesia, and Laos, finding that producers in those countries dumped cheap products in the United States and benefited from unfair government subsidies. The…...
Europe's "Less" Is Doing More Than Anyone Gives It Credit For
1+ day, 12+ hour ago (1755+ words) White House Weighs Defense Production Act as U.S. Refineries Maxed Out The surge is becoming a… Trump declared a national emergency… Meanwhile, the European Union imports 57 percent of the energy it consumes and spent €340 billion on fossil fuel imports last year....
France’s economy not a catastrophe but deficit must be reduced, France’s Moulin says
2+ day, 4+ hour ago (139+ words) PARIS, Sept 11 (Reuters) – Emmanuel Moulin, France’s central bank chief, said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country’s public deficit. Moulin, speaking to RTL radio, was speaking after INSEE…...
Anxious French consumers cut back as election and budget battles loom
2+ day, 4+ hour ago (707+ words) PARIS, Sept 11 (Reuters) – A cash-strapped customer split an entrecôte steak with a companion the other day at David Zenouda’s Paris restaurant while others increasingly share starters, skip wine at lunch or opt only for a main course. It’s a sign…...
Don't Replace the USMCA. Make It Stronger.
2+ day, 9+ hour ago (477+ words) President Donald Trump deserves credit for doing what previous administrations refused to do: admit that free trade isn't free when American workers are the ones paying the price. Replacing NAFTA with the United States-Mexico-Canada Agreement wasn't simply a political victory....
Popular Canadian Whisky Dodges Trump's New Ban
2+ day, 7+ hour ago (138+ words) A favored Canadian whisky has managed to escape the impact of Trump's latest trade restrictions. The spirit avoids the tariffs and bans affecting other Canadian imports in the escalating trade tensions between the U.S. and Canada. This reprieve comes as many…...
How China Became the World's First Electrostate
2+ day, 13+ hour ago (97+ words) EIA Raises 2027 U.S. Oil Output Forecast Oil flows through Hormuz have… It is still too early… The Trump administration is eyeing… Permian Gas Has Been Worth Less Than Nothing for 118 Days This Year Haley Zaremba is an energy journalist and researcher…...
ECB’s Lagarde rejects French far-left leader’s debt-cancellation plan as ‘financially dangerous’
2+ day, 20+ hour ago (232+ words) BERLIN, Sept 10 (Reuters) – European Central Bank President Christine Lagarde on Thursday rejected French far-left leader Jean-Luc Mélenchon’s plan to cancel a portion of France’s national debt, calling it “financially dangerous” and legally impossible under EU law. Mélenchon has proposed cancelling…...
Global coal consumption to reach new record
2+ day, 15+ hour ago (155+ words) China remains by far the world’s coal heavyweight: Its power sector alone consumes one-third of the world’s coal. Rising natural gas prices wrought by the Iran war will boost global coal consumption to a new record of nearly 9 billion metric…...