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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy

Semafor Energy

Saudi Arabia slashes main crude oil price for Asian customers

Despite the discount, Asian buyers said Saudi supplies were still more expensive than those from other regional producers.
Saudi Aramco oil tanks
Ali Jarekji/Reuters

US heat wave strains grid

A heat wave gripping the US this week is putting pressure on an already-strained energy grid.
A man wipes his face amid a heatwave at Brower Skate Park in New York City
Jordan Tovin/Reuters

Russia faces growing fuel shortage

President Vladimir Putin acknowledged this week that Ukrainian drone attacks on Russian refineries had triggered fuel shortages, but downplayed the severity of a crisis.
Cars queue at a gas station in Donetsk
Alexander Ermochenko/Reuters

Renewed oil flows give US leverage

The future of the Strait of Hormuz is hanging over the indirect talks in Qatar this week.
Stringer/File Photo/Reuters

Russia imports gas from India

The shipments mark a shift in the countries’ energy dynamic.
A Russian gas station with a line of cars
Alexander Ermochenko/Reuters

Amazon’s rising carbon footprint ‘not a one-year story,’ CSO says

Despite the bump, the company remains confident it can hit its goal of becoming carbon neutral by 2040, the head of sustainability told Semafor.
Amazon’s Kara Hurst at a Semafor event in January 2026. Firebird Films/Semafor.

China faces major emissions dilemma in steel sector

Steelmakers must decide whether to stick to traditional methods to reline their blast furnaces, or switch to new low-emissions technologies.

As Hormuz opens, oil markets are awash in supply

The sudden gut in crude markets has pushed prices to their lowest level since the US-Iran war began.

Iran says no high-level US talks planned

Iran contradicted the US’ assertion that the countries plan to hold high-level talks in Qatar on Tuesday to shore up their shaky ceasefire.

US nuclear firm aims to get UAE plans back on track

Nano Nuclear is also in talks to get investment from an Abu Dhabi state-linked firm to fund expansion.

France and UK swelter in record-breaking heat

The UK saw its two hottest June days, and France its hottest day ever.

US energy dominance faces a test in Ukraine

One essential facet of US President Donald Trump’s overseas energy dominance strategy is proving slow to materialize.

Europe’s missed energy transition opportunities

EU authorities risk curbing investments in the bloc’ss energy transition because of a failure to integrate its capital markets and regulatory shortcomings.

Trump blames ‘Big Oil’ for gas prices

US retail gas prices have stayed north of $3.90 despite Brent crude prices falling.

Russia’s fuel crisis worsens

Fuel prices at Russia’s airports have spiked 17% in June.

China’s green energy exports to US grow

China’s customs data showed strong gains in exports of green energy and battery products to the US last month.

Europe bakes in a punishing heatwave

A heatwave across Europe prompted a partial alcohol ban in France and the cancellation of public World Cup watch parties in Spain.

Ukraine attacks trigger Russian fuel shortages

Ukraine is hammering Russia’s oil infrastructure, triggering fuel shortages and increasing gas prices.