The world is filled with financial promises, including loans, pensions, and even the market value of stocks. So far, the system seems to be working, but in a finite world, it is hard to believe that the system will work indefinitely. Governments can create money simply by adding more promises, but t
The machinery that powers the modern world, from industrial assembly lines to the cooling systems of data centers, is undergoing a massive, capital-intensive overhaul. According to a new analysis by Allied Market Research, the global electric motor market is projected to reach $373.9 billion by 2032
The global cyber environment has become a “society wide crisis”, where a recent slew of attacks are threatening the foundation of Western economies, an expert has warned. A year-long avalanche of detrimental attacks on British retailers; Co-op, M&S, and more recently, Jaguar Land Rover (JLR); has po
India’s solar sector has hit that awkward stage of adolescence where ambition seems to be outpacing demand. And now the adults in the room are issuing critical warnings. A new letter from the clean-energy ministry, quietly circulated to the finance ministry, urges lenders to think twice before showe
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after last week’s sharp decline. The total rig count in the US rose by 5 to 549 this week, according to Baker Hughes, down 40 from this same time
India’s Oil and Natural Gas Corporation Limited (ONGC) is moving to keep its 20% stake in the Sakhalin-1 oil project in Russia after the Kremlin allowed the Indian state-run company to pay its contribution to the project’s abandonment fund in rubles from the frozen dividends it is due, sources with
Digital innovation is rapidly emerging as a defining force for the oilfield services (OFS) sector as it adapts to changing market conditions, creating opportunities for steady, long-term growth. Rystad Energy predicts that in the next five years, the oil and gas industry could save more than $320 bi
Helped by the newly-issued crude import quotas, China’s independent refiners are buying sanctioned Iranian crude again and raising their processing rates, making room for Iran’s oil to move out of floating and bonded storage and potentially easing the year-end glut on the market. The independent re
Oil prices remained stuck in a narrow range this week, with Brent hovering around $63 per barrel. Friday, December 05, 2025 Oil prices remained rangebound this week, with ICE Brent still hovering around $63 per barrel, as the markets digested news of higher Russian oil export loadings in December an
A loss of Venezuelan oil production in case of a U.S. military intervention will materially impact global benchmark prices as the market will have to replace Venezuela’s heavy crude—the bulk of Caracas’ crude exports, according to Rystad Energy. Venezuela is estimated to pump about 1.1 million bar
Kazakhstan will be shipping up to 30 percent more oil westward via the Baku-Tbilisi-Ceyhan pipeline starting in December, compared to November, the Reuters news agency reported, citing industry sources. The shift can be attributed to recent Ukrainian drone attacks on Caspian Pipeline Consortium fac
Uzbekistan’s state oil and gas firm Uzbekneftegaz has signed a cooperation agreement with U.S. corporation Cargill, under which the parties will look to attract up to $5 billion in energy investment to boost the central Asian country’s energy security. Uzbekneftegaz’s international trade and inve
Light Crude Oil Futures (WTI) ended Thursday at $59.67, up $1.12 on the week, a 1.91% advance that unfolded within a range of $58.28 to $60.02. The narrow climb masked a week defined by sharp swings as traders weighed expanding geopolitical risk against persistently weak fundamentals. With supply th
Politics, Geopolitics & Conflict The Houthis’ decision to release the Tutor crew after months of holding them was not a goodwill gesture. Oman facilitated the handover, but the move reflects outside pressure rather than any internal shift in Houthi policy. Washington, meanwhile, is preparing a firme
Russia’s warnings to Europe this week line up with the way it is conducting this war. Moscow is trying to raise the background risk level for EU states as they debate deeper support for Ukraine’s long-range and industrial needs. The objective is not a direct clash with NATO but to push some buttons