Annual inflation slowed to 3.5% in June, with core CPI unchanged month-over-month, reducing odds of a July Fed rate increase. U.S. consumer prices fell 0.4% in June from May, the largest monthly decline since April 2020, as the annual inflation rate eased to 3.5%. Core CPI
The European Union has unveiled the Electrification Action Plan, aiming for electricity to account for 46% of total energy consumption within the bloc by 2040, effectively doubling the current rate. Spearheaded by the European Commission, the aggressive policy shift is a d
India’s refining capacity steps into a pivotal role as disruptions in Middle East and Russian fuel exports reshape global energy markets. India has quietly become the world’s refining swing producer, filling supply gaps in diesel, jet fuel, and gasoline. This shift follows
Crude Oil watches the Houthis aim at the last export route that still works West Texas Intermediate (WTI) spent Thursday's European morning grinding down to 78.37 before ripping nearly two dollars to 80.29 when the Houthis threatened to target all Saudi oil sites and key... <
Kazakh authorities may enforce a $4.8 billion environmental penalty on the Kashagan oil field consortium amid arbitration disputes. Kazakhstan’s government announced plans to enforce a $4.8 billion environmental fine against the operators of the Kashagan oil field after Ju
The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about energy: the United States remains the world’s largest oil producer. But the size of the U.S. lead depends on what is being counted W
The company targets late summer 2026 to acquire 40 km of 2D seismic data to advance exploration on its M47c,d block. Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) will conduct a 40-kilometre 2D seismic survey on its M47c,d oil block in southeastern Tü
ING’s Warren Patterson and Ewa Manthey highlight that investment funds have sharply increased net long positions in TTF natural gas, driven by fresh longs. LNG and European gas markets are seen as vulnerable with heightened US–Iran hostilities and stronger competition betw
Spot prices of liquefied natural gas in Asia have surged by 10% in the past week to the highest level since March, as the re-escalation in the Middle East and the fresh near-halt to shipping through the Strait of Hormuz rekindled fears of supply in the world’s biggest... G
The report says that a possibility that is being discussed within Iran's leadership now is potentially to ask Yemen's Houthi movement to be on standby and ready to close the Red Sea oil route, that is if the US decides to strike Iran's power network next. The sources menti
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