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19.06.26 - 14:06
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Fifa urged to drop Saudi oil giant Aramco as activists target World Cup (The Guardian)
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Fifa has defended its Aramco sponsorship, saying revenues are reinvested back into football at all levelsAs scorching temperatures beat down on World Cup soccer games across North America, climate activists – including former and current professional athletes – are calling for Fifa and other professional sporting organizations to cut ties with the oil and gas industry.“Sport, especially football, has the power to influence and inspire billions of people,” said David Wheeler, an English former professional footballer, who supports the campaign. “Fifa should be harnessing that power to do good.” Continue reading......
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18.06.26 - 15:03
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Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia (ZeroHedge)
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Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia
Energy flows through the Strait of Hormuz are beginning to restart on Thursday after the interim U.S.-Iran peace deal, with several Saudi-controlled supertankers transiting the critical waterway and exiting the Persian Gulf.
There is a massive backlog of crude and LNG tankers in the Persian Gulf, preparing to exit the Hormuz chokepoint bound for Asia. Bloomberg says 31 supertankers, carrying about 62 million barrels of crude, could soon exit.
The actual number of crude and LNG tankers preparing to exit could be much higher, as some tankers may turn off their transponders. Once exited, many of those tankers are slated for ports in East Asia and will take roughly three weeks to arrive.
One of the key developments overnight was that three Saudi-controlled supertankers, including Bahri-controlled Saudi VLCCs Shaden, Jaham, and Awtad, switched on their transponders and began exiting the Persian ...
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17.06.26 - 10:36
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Saudi Arabia signs construction, smart-city deals with Chinese firms as cooperation grows (SCMP)
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Saudi Arabia signed housing and construction agreements worth 1.9 billion riyals (US$507 million) with Chinese partners including China State Construction Engineering during a visit to China by its housing minister, as Riyadh deepens cooperation with Beijing on urban development projects.
Speaking at a signing ceremony on Monday evening in Shenzhen, Minister of Municipalities and Housing Majid Al-Hogail said Saudi Arabia was accelerating housing and urban-development projects under its Vision......
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