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Crack spreads and elevated crude oil prices are driving higher gasoline costs at U.S. pumps, with disruptions in global refining affecting supply levels across regions.
Europe’s productivity challenges could be partially addressed through cheaper electricity and electrification, which would shift spending from fuel imports to durable productive capital while enabling automation in an aging workforce.
Iraq’s new Prime Minister announced plans to raise oil production to 8-10 million barrels per day within six years, potentially surpassing Saudi Arabia as the Middle East’s top oil producer.
Uzbekistan is scaling back its reliance on Russia’s Rosatom for nuclear plant construction, announcing plans for a new international consortium to oversee the project just three months after a ceremonial groundbreaking.
Investigations reveal evidence that Sudan’s military may have developed and used improvised chlorine weapons, potentially creating new energy security risks in the Red Sea region and threatening critical oil infrastructure.
General Motors and Ford are pivoting excess electric vehicle battery capacity toward energy storage systems, capitalizing on surging demand from data centers and grid infrastructure following massive EV investment write-downs.
