Energy

Maine posts record-breaking heating oil prices amid Iran War - Maine Public

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DW NOTE

Maine's heating oil prices aren't breaking records "amid" the Iran War — they're breaking records because the Strait of Hormuz has been functionally closed for seven months. The IEA projects global oil supply will fall 5.7 million barrels per day this year, with Gulf production recovery pushed to 2027. A June ceasefire changed nothing: ship transits dropped to seven vessels on September 10. New England imports 60% of its heating oil, and winter hasn't started yet.

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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.

Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com

Gold retreats on stronger dollar; traders brace for Fed - Kitco

India Rejects Claims of U.S. Pressure Over Russian Oil Purchases

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com

Gold retreats on stronger dollar; traders brace for Fed - Kitco

India Rejects Claims of U.S. Pressure Over Russian Oil Purchases