Alleged Russian Funding Prompts Executive Exodus at U.S. LNG Firm
The top executives of U.S. energy startup Polar LNG have all resigned in recent weeks, just six months after the company was launched, amid a controversy over alleged funding and…
Energy
Asia Is Building the World’s Next $15 Trillion Energy Market
The global energy transition is increasingly becoming an Asian story, and Asia is unlikely to follow the path envisioned in Washington or Brussels. The region’s governments will have enormous influence…
Oil Prices Rise Despite Middle East Export Recovery
Reports about recovering oil flows in the Persian Gulf and the Red Sea have dominated headlines over the past couple of weeks. Yet oil prices have only moved higher, suggesting…
Record Tanker Rates Cripple U.S. Crude Oil Flows to Asia
The Iran war has made oil tanker voyages so inefficient that vessel availability has crumbled and freight costs have soared to record-highs, all but erasing the incentive for shipping crude…
Fuel Oil Becomes Asia’s Next Cost Shock
Singapore’s shipping-fuel market is adding another layer of cost to Asian trade. Disrupted supplies from the Middle East and Russia, resilient bunker demand and prohibitive freight rates have pushed high-sulphur…