Business

The economy

Russia-Ukraine war

Opinion

Vladimir Putin’s predicament is deteriorating fast across every front of the global energy war.

Western sanctions are at last going for the jugular, and Donald Trump has finally thrown American power behind the blockade.

The Saudis are flooding the world oil market in a ruthless drive to regain lost share. A glut of historic proportions is building and is likely to last deep into 2027. Goldman Sachs has told clients that Brent crude prices could drop to the low $US40s.

The International Energy Agency (IEA) has drastically revised its global supply and demand forecasts. China has filled its strategic petroleum reserve to near bursting point and can no longer keep mopping up the surplus. Excess crude is now being stored on water in a g

See Full Page