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News & Articles By Sterling Ashworth
05/22/2026
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By Sterling Ashworth
U.K. Eases Some Russian Oil Sanctions as Fuel Prices Soar
The British government on Wednesday, May 20, waived sanctions on imports of diesel and jet fuel processed from Russian-origin crude in third countries, citing spiking fuel prices and supply security concerns, according to officials. Member of Parliament (MP) Dan Tomlinson, Exchequer Secretary to the Treasury, described the measure as “small and specific” and “time-limited,” designed […]
05/21/2026
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By Sterling Ashworth
U.S. Crude Inventories Fall 9.1 Million Barrels, Nearly Three Times Larger Than Expected
The American Petroleum Institute estimated that U.S. crude oil inventories fell by 9.1 million barrels in the week ending May 15, according to a report. Analysts had forecast a draw of 3.4 million barrels, making the decline nearly three times larger than expected. The drop marks the second consecutive weekly decline after a 2.188 million […]
05/20/2026
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By Sterling Ashworth
India Raises Fuel Prices for the First Time in Four Years as Crude Costs Surge
Indian state refiners raised their retail prices for gasoline and diesel by the equivalent of $0.031 per liter on May 15, the first such increase in four years, according to Bloomberg as reported by OilPrice.com. The hike, which amounts to over 3%, was implemented in response to tighter global crude oil availability, the report said. […]
05/19/2026
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By Sterling Ashworth
Former Italian PM Draghi: U.S. Policies Leave Europe ‘Truly Alone Together’
Former European Central Bank chief and former Italian Prime Minister Mario Draghi stated on May 15, 2026, in Aachen, Germany, that U.S. policies under President Donald Trump have left Europe “truly alone together” and unable to rely on Washington as its primary security guarantor [1]. Draghi made the remarks while being awarded the Charlemagne Prize […]
05/16/2026
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By Sterling Ashworth
India Tightens Gold Import Rules as Rupee Falls to Record Low
India imposed new restrictions on gold imports, capping individual exporters at 100 kilograms and linking future approvals to export performance, according to a government notification cited by ZeroHedge. The notification reported on Thursday, May 14, applies to imports under the advance authorization route, typically used by exporters to bring in duty-free gold for processing. [1] […]
05/16/2026
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By Sterling Ashworth
China’s Rare Earth Controls Persist Despite Talks, Customs Data Shows
China’s export restrictions on heavy rare earth elements remain in effect more than a year after they were imposed, according to trade data and industry reports, despite diplomatic efforts to reach a resolution. Shipments of key materials including yttrium, dysprosium and terbium have declined by roughly half compared to pre-control levels, data from customs agencies […]
05/15/2026
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By Sterling Ashworth
Analysts: Bitcoin Shows Four Signs of Resumed Bullish Momentum
Market analysts have identified four technical and on-chain indicators pointing to a return of bullish momentum for Bitcoin, according to a report published by CoinTelegraph and cited by ZeroHedge. The indicators include rising funding rates, persistent exchange outflows, a bullish “golden cross” on the weekly chart, and a rebound in institutional inflows via spot exchange-traded […]
05/14/2026
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By Sterling Ashworth
China’s Car Sales Fell 21.5% in April as Gasoline Demand Weakens
Total car sales in China fell to 1.4 million units in April, a 21.5% decline compared with the same month last year, according to data cited by Bloomberg and reported by OilPrice.com. This was the lowest monthly sales total since 2022, when the country was still under widespread Covid lockdowns. Internal combustion engine car sales […]
05/14/2026
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By Sterling Ashworth
Appeals Court Restores Trump’s 10% Global Tariff Plan Pending Legal Challenge
A federal appeals court on May 12, 2026, reinstated President Donald Trump’s 10% global tariff plan, lifting a previous injunction that had blocked its implementation while litigation continues. The ruling by the U.S. Court of Appeals for the Federal Circuit allows the tariffs to take effect within 10 days, according to the court order, unless […]
05/14/2026
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By Sterling Ashworth
U.S. Releases 53 Million Barrels From Strategic Petroleum Reserve Amid Rising Gas Prices
The U.S. Department of Energy (DOE) announced Monday, May 11, that it will loan 53 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated gas and oil prices amid the conflict with Iran, according to a DOE news release. [1] Deliveries will begin immediately, […]
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