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Germany’s Renewable Power Reform Sparks Investment Backlash

The German electricity market has faced a double whammy this year—soaring wholesale prices amid the energy crisis and a planned reform in the renewable energy and grid access policies. Some small suppliers and start-ups relying on short-term electricity prices have exited the market amid day-ahead power prices surging by 50% in the third quarter from a year earlier. Moreover, the German…

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UK Pays Record Sums to Balance Grid as Transmission Falls Behind

The UK is among the most ambitious states when it comes to a transition to a net-zero economy. Also, the UK is struggling with some of the highest electricity prices in Europe—and is paying significant sums to maintain grid balance, even when its wind installations are generating plenty of electricity. Normally, the cost of maintaining a balanced grid, meaning stable and secure supply of…

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Why Invading Iran Could Become America's Biggest Military Mistake

The ghosts of Baghdad and Kabul should be enough to silence any talk of sending American troops into Iran. Yet here we are, more than seven months into a war that began on 28 February with U.S.-Israeli strikes that killed Supreme Leader Ali Khamenei, and voices in Washington and Tel Aviv are again whispering that only boots on the ground can finish the job. Plans to seize Kharg Island, Iran’s…

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New Oil Fields Should Have to Build the Carbon Storage Market

The debate over new oil and gas fields usually ends in a familiar deadlock. Industry argues that production will still be needed for decades, supports jobs and reduces dependence on imports. Climate campaigners respond that every new field locks in emissions incompatible with net zero. Both sides then discuss carbon capture and storage as an afterthought: either a technological excuse for…

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Colombia’s Critical Minerals Could Be a Game Changer for America

Since taking office, Colombia’s far-right president, Abelardo de la Espriella, has moved aggressively to restore ties with Washington after relations frayed under Gustavo Petro. The rapprochement revives a decades-old strategic alliance that made Colombia one of Washington’s closest partners in Latin America. Early last month, the two countries agreed to deepen cooperation on critical minerals,…

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Qatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through Syria

Qatar is offering to take over Lebanon's power supply problem at no upfront cost to Beirut. A draft program seen by Reuters has Qatar building two gas-fired power plants within three years and QatarEnergy supplying the gas under a 20-year LNG contract, with private financing in place of Lebanese public money. The document leaves payment obligations and guarantees open for negotiation, and…

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The Sulfur Crisis Threatening the World's Food Supply

Sulfur has become an indispensable element for the modern industrial system, including agriculture. Before the outbreak of the Iran war, 24 percent of the world's supply of sulfur passed through the Strait of Hormuz. I can find no reliable information on whether sulfur is being shipped through the strait now after the Iranian government claimed control. I suspect the amount is close to zero. The…

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Pakistan’s Growth Slows as Hormuz Crisis Hits Industry

The Middle East crisis is threatening Pakistan’s tentative recovery from the brink with the help of the International Monetary Fund (IMF), as soaring energy prices and the lack of regular LNG supply from Qatar dragged growth in gross domestic product (GDP) well below analyst estimates. Pakistan’s economy grew by 2.0% in the quarter ended June, which is the fourth quarter of its fiscal year 2026,…

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Why Canadian Oil Is Lagging Even As Global Crude Soars

The oil price rally resumed its upward trajectory on Friday after the U.S. Central Command (CENTCOM) confirmed the sinking of the Singapore-flagged container ship following an Iranian Revolutionary Guard Corps (IRGC) projectile strike in the Strait of Hormuz. Brent crude for December delivery jumped 3.33% to trade at $109.50 per barrel at 2.35 pm ET, while WTI crude for November delivery was up…

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Canada's Inflation Rises to 3.1% as Fuel Oil Prices Jump 58%

Gasoline and fuel oil pushed Canada's annual inflation rate to 3.1% in September, up from 3.0% in August, as the war in the Middle East kept fuel prices high, Statistics Canada said on Monday. Gasoline prices rose 27.8% from a year earlier, up from 22.8% in August, despite the switch to the cheaper winter blend. Fuel oil and other fuels rose 57.8%, up from 43.7%, with the heaviest burden in…

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What’s Trump’s Thinking Behind The ‘Diesel Deal’ With Russia?

While it is very trendily woke to attack U.S. President Donald Trump whenever possible, the truth is rarely trendy or woke -- it is usually tough, pragmatic, and increasingly unpopular in today’s world. Precisely where his recent decision to import Russian diesel into the U.S. fits into this matrix remains to be seen, but there is a lot more to it than initially meets the eye. So, what is that…

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Iraq's October Oil Exports Top 3.4 Million Bpd, Nearing Pre-War Levels

Iraq's oil exports have averaged more than 3.4 million barrels per day so far in October, Oil Minister Bassem Mohammed Khudair told the state news agency INA on Monday. That puts them close to the 3.3-3.5 million bpd Iraq shipped before the war with Iran choked traffic through the Strait of Hormuz. The October figure is a jump of about 750,000 bpd from September, when exports averaged 2.65…

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Wright Says Gas Prices Peaked As Brent Holds Above $108

Brent crude futures briefly tagged $109.99 a barrel in overnight trading before retreating from five-month highs during the Asian session and into European trading, as signs of recovering Middle Eastern supply offset renewed attacks on energy infrastructure and critical maritime shipping lanes. US Energy Secretary Chris Wright reinforced expectations of easing fuel prices at the pump, with ABC…

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Mozambique Pitches Sasol and ROMPCO on $250 Million Gas Project

Mozambique is in discussions with South African energy firm Sasol and pipeline company ROMPCO to potentially invest in a new $250 million gas project offshore Mozambique that could send more gas to South Africa. Mozambique plans to have floating storage and regasification units (FSRUs) at the new project at the coastal town of Inhassoro and the port of Beira, as the country aims to become a…

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Qatari LNG Cargo Heads Through Red Sea to Europe in Rare Suez Run

A Qatari LNG cargo is traveling north in the Red Sea to deliver gas to Europe via the Suez Canal in a rare shipment on the shortest but dangerous route to Europe amid the Houthi threats to tankers in the southern Red Sea and the Bab el-Mandeb Strait. The tanker loaded LNG from Qatar in August and is now moving north in the Red Sea with Poland as its destination, Bloomberg reported on Monday,…

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