Countries across Asia are dusting off strategies from the Covid-19 era, including work-from-home policies and targeted stimulus measures, as they face rising fuel shortages triggered by the ongoing Iran war. Asia is particularly vulnerable, buying more than 80 percent of the crude that passes through the Strait of Hormuz—a critical shipping lane that has been […]
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A technical disturbance has struck the Fenno-Skan 2 power connection, the crucial electricity link between Finland and Sweden, Finnish grid operator Fingrid confirmed on Tuesday. “The cause of the failure is currently under investigation,” Fingrid said in a statement, emphasizing that experts are working to restore normal operations as quickly as possible. Fenno-Skan 2 is […]
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In a move aimed at stabilising global oil markets, the United States has encouraged India to purchase Russian crude already floating at sea and redirect it to Indian refineries. Energy Secretary Chris Wright described the measure as a short-term, pragmatic effort to prevent supply shortages and price spikes amid ongoing tensions in West Asia. Speaking […]
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