In a stark admission during a September 2025 press conference, China’s Finance Minister revealed that “every penny we spend is borrowed,” highlighting the precarious state of the nation’s finances. This confession has reignited global concerns about China’s mounting debt crisis, often dubbed a “debt bomb” poised for detonation. With official government debt reaching 92.6 trillion […]
– Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as of last Friday, 50% above the 10-year trend. VLCC rates leapt last week, with some fixtures breaking through the $100,000 […]
In-brief analysis September 22, 2025 Utility-scale batteries are more commonly used for price arbitrage Data source: U.S. Energy Information Administration, Annual Electric Generator Report Data values: File 3.4—Energy Storage In our annual survey of power plant activity, we ask operators of utility-scale batteries how they are using their systems, and one use case is increasingly prevalent: price arbitrage. Arbitrage […]
Israeli maritime analytics firm Windward is reporting that the government of Comoros has begun a clean-out of its international registry, a flag which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and Venezuelan oil. There are now 62 tankers, three liquefied petroleum gas carriers and one tug declared as falsely flying the […]
WASHINGTON (TNND) — The United States and Kazakhstan reached a $4.2 billion locomotive agreement on Monday that will support thousands of U.S. jobs in Texas and Pennsylvania. Parts maker Wabtec, based in Pennsylvania, will provide the country’s national railway company, Kazakhstan Temir Zholy (KTZ), with 300 “evolution Series ES44Aci heavy-haul locomotive kits over the next decade,” […]
The vast resources of underground coal, crude oil, and natural gas are all useless unless refined or processed into the fuels and products that support the lives of 8 billion people. Refineries, coal gasification, and coal liquefaction plants—though emission generators—remain indispensable to modern civilization. Are you Paying High Taxes in New Jersey, New York, or […]
Under the Labour government, North Sea operations face a barrage of measures that critics argue are deliberately stifling investment and production. A 78% tax rate on offshore profits, including a prolonged windfall tax introduced in 2022, has shattered investor confidence and led to slashed capital expenditures. Operators have cut UK investments, with production projected to […]
IEA hypocritical about-face, and market impacts You won’t want to miss the global team of podcasters covering the IEA walking back its stances on oil and the huge impacts on international markets. David Blackmon, Tammy Nemeth, Irina Slav, and Stu Turley from all parts of the globe dig into why the IEA has reversed course, […]
In the wake of geopolitical shifts and Europe’s ongoing quest for energy security, U.S. oil supermajors are ramping up their presence in the liquefied natural gas (LNG) market. Companies like ExxonMobil and Chevron are expanding their trading operations to capitalize on Europe’s demand for reliable, non-Russian gas supplies. This strategic pivot follows the playbook of […]
Daily Standup Top Stories Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies September 20, 2025 Clark Savage In the world of renewable energy, few voices carry as much weight as Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. Buffett has long been candid […]
