Russia Sells Gas to China at 38% Discount Versus Europe
Russia is selling natural gas to China at a steep discount, with prices averaging $258.80 per 1,000 cubic meters in 2025, over 38% lower than the rates offered to its remaining European buyers. This price disparity highlights the challenges Moscow faces in replacing lost Western markets with Asian demand following the Russia-Ukraine war that began […]
Citi Warns Global Oil Inventories Could Drop by 900 Million Barrels Despite Ceasefire
Global crude and product inventories could plummet by approximately 900 million barrels by the end of June, even if the recent ceasefire between the United States and Iran holds, according to Citi researchers. This projection, released on Monday, accounts for a 500 million-barrel drawdown already underway and an additional 400 million barrels expected due to […]
‘Israel Never Talked Me Into the War’: Regime Change, Not Netanyahu, Drove Iran Decision, Trump Says
President Donald Trump pushed back Monday against reports that Israel influenced his decision to go to war with Iran, saying on Truth Social that it was the October 7, 2023 Hamas attack — not Israeli pressure — that hardened his position on Iran’s nuclear program. “Israel never talked me into the war with Iran,” Trump […]
Kuwait Declares Force Majeure on Oil Shipments as Hormuz Blockade Disrupts Persian Gulf Access
Kuwait has declared force majeure on shipments of crude oil and refined products, citing a blockade of the Strait of Hormuz that has blocked some vessels from entering the Persian Gulf and disrupted its ability to meet customer commitments. State-run Kuwait Petroleum Corp. informed clients on Friday of the decision to invoke a contract clause […]
US-Philippine Joint Military Drill Targets “Real-World Conditions”
The Philippines and the US opened Balikatan 2026 on Monday with their broadest and most multinational iteration yet, turning this year’s exercise into a test of whether allied forces can operate under what Manila called “real-world conditions” across the archipelago’s most strategically exposed zones. The drills run through May 8 and bring together more than […]
Silver47 Eyes Discovery in Nevada After Tripling Kennedy Project Footprint
Silver47 Exploration (TSXV: AGA) has tripled the size of its Kennedy gold-silver project in Nevada, marking a significant land grab in a historic mining district that has seen little modern attention.
Sandwich Chain Jersey Mike’s Files Confidential IPO That Could Top At $12B Valuation
US food chain Jersey Mike’s has taken its first formal step toward a public listing, confidentially submitting to the SEC on Monday as the IPO market regains momentum near record equity levels. The move comes as the S&P 500 and Nasdaq posted record highs for a third straight session on Friday, giving issuers a firmer […]
Kuwait Triggers Force Majeure On Hormuz Oil Shipments
Kuwait has formally shifted the Strait of Hormuz disruption from market anxiety to contractual reality, declaring force majeure on crude oil and refined product shipments. State-run Kuwait Petroleum Corp. notified customers on Friday, according to a document obtained by Bloomberg News, though the notice does not mean all supplies stop immediately. A force majeure declaration […]
Carney Cuts Gas Tax But Canadians May Still Be Paying More
Prime Minister Mark Carney’s gas-tax break is real on paper, but the immediate savings for drivers may be far less visible than expected because the federal tax suspension begins just as more expensive summer gasoline arrives and crude markets lurch higher again. Ottawa announced that it would suspend the full federal excise tax on gasoline […]
Tesla Reportedly Avoided U.S. Taxes by Shifting $18 Billion in Profits Offshore
Tesla (NASDAQ: TSLA), the electric vehicle giant, has reported zero federal tax liability in the United States for each of the last twenty years, except 2023, despite generating U.S. revenues of $264 billion over the past two decades. A detailed analysis conducted by Reuters reveals the company likely saved over $400 million in U.S. taxes […]