Tag: energy
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Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure
The Strait of Hormuz is set to reopen after Iran and the U.S. sign a peace deal, but experts warn backlogs and security checks could delay normal shipping.
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China to return as a major oil buyer in August, JPMorgan says, naming its top stock picks
The pullback in oil imports by the world’s largest oil importer has helped absorb the global energy shock and cap the surge in oil prices since the war began.
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Iran to define Strait of Hormuz administration with Oman and Gulf states, senior U.S. officials say
Senior U.S. officials disclosed the contents of the memorandum of understanding with Iran. The MOU pledges 60 days of toll-free shipping in the Strait of Hormuz.
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Can Europe compete economically with US and China? MEPs on The Ring
From Artificial Intelligence to rare minerals, from Trump’s tariffs to China’s cheap exports – in this edition MEPs Jörgen Walborn (EPP) and Lina Gálvez (S&D) talk about the global economic challenges that lie ahead and that impact all of us in Europe. #TheRing
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Strait of Hormuz threat level downgraded after Iran deal, says U.S.-led maritime security group
The behavior of Iranian forces “has become less volatile” and the U.S. Navy continues to provide oversight, the Joint Maritime Information Center said.
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From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war
The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.
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Sigh of relief in Africa as the Strait of Hormuz ‘reopens’
A potential US-Iran agreement could lower energy-, fertilizer- and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say.
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Venezuela signs deal with US energy giant to rebuild energy grid
The deal with General Electric is the latest sign of co-operation between US firms and Venezuela’s interim government.
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How geothermal energy could power US homes
Advancements in geothermal systems and sustained political support in the US provide an opportunity for this clean energy industry to scale.
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