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Soaring Oil and Gas Prices Push Europe’s Inflation Fight Into 2027

Soaring oil and gas prices will keep most other prices elevated for longer, with eurozone inflation only likely to approach the target rate of 2% towards the middle of next year, the chief economist of the European Central Bank has said. “As ‌a result, we believe this second wave of energy price increases should lead to higher and more persistent inflation, before it recedes towards our target starting in mid-2027,” Philip Lane told a Swiss daily, as quoted by Reuters. Lane added that so far, there has not been a “spill”…

OilPrice.comOilPrice.comIrina Slav22 Sept

Infantino says he is open to talks over FIFA reform

Paris: FIFA President Gianni Infantino has proposed an independent review of the world soccer body's decision-making, in a move that could help him regain support after the withdrawal of a controversial private investment plan. "First, I will ask the Council whether it wishes to commission an independent external review of FIFA’s current governance framework for major strategic initiatives and recommend potential improvements," Infantino wrote to the FIFA ⁠Council and all 211 member association presidents in a letter seen by Reuters. He also said he would propose consultations with confederations, member associations and other stakeholders on strengthening FIFA's decision-making. The proposals would examine who has a say in major initiatives, including the respective roles of the president, Bureau, Council and Congress, and ‌how to improve transparency and accountability. Infantino faced a fierce backlash over his proposal to sell a 20% stake in FIFA's commercial rights, including the World Cup, to private investors. The plan was abandoned in July after opposition and boycott ‌threats, with UEFA, the Asian Football Confederation and CONCACAF subsequently calling for changes to ‌FIFA's leadership. His opponents have been struggling to find a candidate to challenge Infantino, who will be running ‌for re-election in March in Rabat. Sources ‌familiar with the discussions told Reuters this month that he still had enough votes to win, prompting opponents to focus on curbing his powers. Infantino said ​the abandoned plan had explored ‌whether selling a minority stake in ​a FIFA-controlled commercial company could raise more money ⁠for football development. It would not have involved giving up control over sporting decisions, he said. But the proposal became public before it could be presented in full to the Council and member associations, according to Infantino. "I recognise that, ​without the full context, ⁠this caused concern and created ⁠the impression that decisions had already been taken. They had not," he wrote in the letter sent on Monday. "It remained a proposal, not a decision, and was always subject to the necessary approvals of the Council and the ⁠Member Associations. It has now been withdrawn and will not proceed." Infantino said he had heard differing ideas about who should decide major strategic questions. Some favoured requiring unanimous agreement in the Bureau, while others wanted such matters put directly to Congress and the member associations. "My role is not to pre-judge that discussion. Those who support a particular model should have the opportunity to set out their case clearly," he ‌wrote. Suggestions received by the October 15 Council meeting could be discussed there, with later submissions also considered within a deadline yet to be ​specified. Any changes to FIFA's statutes would need Congress approval. Infantino also said member associations' positions on proposals or governance matters would not affect their treatment by FIFA, whose development and solidarity programmes would continue under existing rules. "No association’s treatment will depend on its position on any proposal or institutional matter," he wrote. "I remain fully committed to ​leading FIFA and confident in what we ‌can achieve together."

MBMobile BusinessReuters21 Sept
  • neutral toward Gianni Infantino · 91%

Prague Caps Fuel Prices, Taxes Orlen's ‘Windfall’ Refining Margins

The Czech government will reinstate price caps on gasoline and diesel from October 1 and tax refiners on 50% of any margin increase over 2025 levels, Reuters reported Monday, as Saudi Arabia's cut of October crude allocations to Europe compounds pressure from the closed Strait of Hormuz. According to Czech government statements, the price cap sets maximum gasoline and diesel prices daily, calculated as a three-day rolling average of four benchmarks (Orlen Unipetrol, MOL, ?EPRO and Platts quotations) plus a regulated margin of 2.50 crowns per liter…

OilPrice.comOilPrice.comCharles Kennedy21 Sept

Hormuz Blockage Puts Qatar's $83 Billion LNG Bet at Risk

QatarEnergy CEO and Qatar Energy Minister Saad al-Kaabi says the Strait of Hormuz crisis could delay the company's LNG expansion because critical equipment cannot reach Qatar, Reuters reported on Monday. North Field East's first production train remains on schedule for the first half of 2027, Al-Kaabi said, but additional trains are contingent on Hormuz traffic resuming and North Field South beginning production on schedule in 2028. Iran's March 18 missile strike on Ras Laffan Industrial City knocked out two of Qatar's 14 LNG trains, removing 17%…

OilPrice.comOilPrice.comCharles Kennedy21 Sept

Armenian Prisoners in Azerbaijan Allege Rights’ Violations

Click to expand Image Ruben Vardanyan, a former senior official in Nagorno-Karabakh de facto administration, attending a court hearing in Baku, Azerbaijan, February 17, 2026. Screen grab taken from a video. © 2026 Reuters TV via Reuters Ruben Vardanyan, a former senior official in Nagorno-Karabakh's de facto administration who is serving a 20-year prison sentence in Azerbaijan, says that he and 18 other Armenian prisoners are being denied regular family contact, adequate exercise, medical tests, and other rights provided under Azerbaijani law. In an audio appeal recorded on September 16 and published two days later, Vardanyan addressed Azerbaijan's human rights commissioner, Sabina Aliyeva. He said some prisoners at Umbaki prison do not receive weekly phone calls and none can make video calls. "When my cellmate was arrested, his child was 10 months old," Vardanyan said. "Now the child is more than 3 years old and has not seen his father." Vardanyan said he has been unable to get medical tests even at his own expense, access notary services, or receive written responses to complaints. He said prisoners get only 20 to 40 minutes of outdoor exercise once a week, rather than an hour a day. Human Rights Watch has not independently verified these allegations. On September 19, Aliyeva’s office rejected the allegations that the prisoners’ rights were being violated. The prisoners' contact with their families became more difficult after the Azerbaijani government closed down the International Committee of the Red Cross (ICRC) delegation there in September 2025. The ICRC says Geneva-based representatives visited detainees in December, met them privately, offered opportunities to communicate with their families, and assessed their treatment and detention conditions. However, visits are now less regular. Vardanyan was detained in September 2023 while leaving Nagorno-Karabakh for Armenia, along with more than 100,000 ethnic Armenians who fled following Azerbaijan's military takeover of the region. The Baku Military Court sentenced him on February 17, 2026, on charges including terrorism, war crimes, and crimes against humanity. The proceedings raised serious fair trial concerns. Civilians, including Vardanyan, were tried before a military court in hearings largely closed to independent scrutiny. Amnesty International reported that evidence was presented in a language the defendants didn’t understand and was not adequately translated. Azerbaijan should ensure that all prisoners can maintain regular family contact, receive letters and permitted parcels, obtain necessary medical care, and have adequate daily outdoor exercise. It should also allow the ICRC regular access to conflict-related detainees. "Regardless of how much longer we spend in Umbaki," Vardanyan said, "I ask you, at least comply with your own laws."

Human Rights WatchHuman Rights WatchHuman Rights Watch21 Sept

Saudi Arabia Reroutes Oil Exports as Houthi Strikes Target Yanbu

Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia's Gulf export terminals over the weekend, the highest tanker count observed since at least June, according to data compiled from the European Union's Sentinel-2 satellite. Overall Hormuz traffic kept falling over the same weekend, nonetheless. Just a dozen commodity vessels crossed the strait, down from 35 a week earlier, and Thursday's crossings totaled four tankers against a 10-day moving average of 16, Kpler data cited by Reuters showed.…

OilPrice.comOilPrice.comCharles Kennedy21 Sept

India's Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical Lows

The share of coal-fired power plants in India running on critically low levels of coal inventory has soared in recent weeks to nearly 40% of all operational coal plants, Reuters reported on Monday, citing government data. As many as 74 coal-fired power plants had fewer than three days’ worth of coal stocks as of this weekend, sharply higher compared to 60 in the previous week, per the data from the Central Electricity Authority cited by Reuters. Despite the low stock levels, India doesn’t face any critical supply issues, as recent domestic…

OilPrice.comOilPrice.comTsvetana Paraskova21 Sept

Europe’s Fuel Crisis Spreads From Diesel to Jet Fuel

Europe is reeling from a diesel supply crunch, and now another squeeze is looming on the horizon, as jet fuel supply tightens ahead of the final quarter of the year. Per Energy Aspects, the shortfall in jet fuel supply for Europe next quarter could reach 510,000 barrels daily, Reuters reported today, adding that the consultancy sees a jet fuel surplus of 18,000 barrels daily in the United States and a larger 419,000-bpd surplus in the Asia-Pacific. The tighter supply situation in jet fuel comes as European stocks of the commodity dwindle to the…

OilPrice.comOilPrice.comIrina Slav21 Sept

Strait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows Rise

Commodity vessels traversing the Strait of Hormuz declined further, with just a dozen commodity vessels in total making the passage this weekend, Reuters has reported. This compares to 35 tankers and other commodity carriers passing the chokepoint a week earlier. The data includes only tankers that move with their transponders switched on. Many choose to turn these off to avoid detection, and not all ship-trackers include them in the tally. An earlier report from Reuters cited Kpler data as showing only four tankers passing the Strait of Hormuz…

OilPrice.comOilPrice.comIrina Slav21 Sept

Facebook, Instagram suffer outage affecting thousands of US users

New York: Meta's social networking platforms, Facebook and Instagram, experienced outages affecting thousands of users across the United States on Sunday, according to outage-tracking website Downdetector. As of 9:11 p.m. ET, more than 17,000 users had reported issues with Facebook, while more than 5,000 users reported problems accessing Instagram. Downdetector tracks service disruptions by collecting status reports from a range of sources, including user-submitted reports. Meta did not immediately respond to a Reuters request for comment. The actual number of affected users may vary, as the figures reported by Downdetector are based on user submissions rather than direct data from the company. The cause of the outage was not immediately known.

MBMobile BusinessReuters21 Sept

Europe Outbids Asia for LNG as Prices Surge 150%

Liquefied natural gas prices on the spot market are moving higher as demand picks up seasonally and Asian importers are souring on the fuel. European buyers are stepping up purchases, however, despite the price. They have no choice. Asian demand for liquefied gas is set to decline this month—and over the year—according to analysts. September flows of LNG into Asian countries are estimated at 20.09 million tons by Kpler, which would be down from 22.27 million tons a year ago, and 22.25 million tons a month ago, Reuters’ Clyde Russell…

OilPrice.comOilPrice.comIrina Slav19 Sept

US and Denmark reach deal on Greenland, Trump says

The United States, Denmark and Greenland have entered into an agreement for the US to develop a significant military presence on Greenland, while prohibiting US adversaries from building their own bases on the island, Donald Trump said on Friday. In a Truth Social post, the US president wrote that no US enemies would be able to make sensitive investments on the island without the approval of the United ⁠States and that the agreement had no expiry date. "At my direction, we worked with representatives of Denmark and Greenland to guarantee that the United States will FOREVER have the complete ability to do what is necessary in Greenland in order to secure and defend the security of Greenland, and the United States of America," Trump wrote. Earlier on Friday, Reuters exclusively reported that ‌the US and Denmark were closing in on a deal that would result in an increased US military presence in Greenland, an autonomous territory of Denmark, but would stop well short of Trump's long-held dream of acquiring the island for the United States. The US already has nearly ‌total overflight and basing rights in Greenland due to a 1951 treaty. Trump's announcement suggests he ‌was nonetheless pleased with the outcome of the negotiations and that he might not revive his territorial claims, at least in ‌the near future. He said, without elaborating, that the ‌US would soon be rolling out a large military presence on the island, which already hosts one Space Force base in its remote northwest. "This is a dream come true for the United States of America," ‌Trump wrote. Denmark's Minister of Defense Jeppe Bruus, along with Greenland's Minister for Foreign Affairs Mute B. Egede, visits the NATO military exercise Arctic Shield 2026 in Narsarsuaq, Greenland, on Wednesday, September 9, 2026. (Reuters) Extent of agreement remains unclear The Danish prime minister's office said on Friday that the agreement would ⁠strengthen North Atlantic and Arctic security. Greenland's prime minister, Jens-Frederik Nielsen, said in a statement that the agreement recognized Greenland's interests and the Arctic island's place in international cooperation. "This benefits us all," he said. Much was unclear as of Friday night, including whether any new US bases would be constructed as ⁠a result of the agreement. Trump's Truth ⁠Social posts about negotiations or agreements often lack context or specifics. Imran Bayoumi, a former Pentagon official now with the Atlantic Council think tank, said it would be new if the US can build bases without the approval of Greenland or Denmark but that largely "it seems ⁠that Washington could have achieved a lot of these objectives through diplomacy and dialogue without straining the broader US-NATO relationship.” It was also unclear how the agreement would be received in Greenland, an autonomous territory of Denmark. The island's residents aspire to independence and have bristled at US attempts to assert control. In a separate statement, US Secretary of State Marco Rubio said that the deal "permanently and completely" addressed Washington's national security concerns with respect to the island. "Greenland will forever be part of the strategic defense area ‌of North America and exclude any adversary from it and the surrounding area," he wrote. A State Department official, speaking on condition of anonymity to discuss specific terms, said the deal prohibits non-NATO countries from building a base in Greenland and will allow only the US and its allies to make unspecified "sensitive investments." The official said the agreement grants the US permanent access, basing and overflight rights, and would continue to apply even if Greenland becomes independent.

MBMobile BusinessReuters19 Sept
  • neutral toward Donald Trump · 98%

Oversight Reports Echo HRW Findings on US Immigration Abuses

Click to expand Image A small metal enclosure which was used to hold detainees, reportedly for up to two hours, as seen during an unannounced inspection by the Department of Homeland Security Office of Inspector General (DHS OIG) at ICE's now-closed immigration detention center Florida Soft-Sided Facility (FSSF) also known as Alligator Alcatraz, in Ochopee, Florida, January 21, 2026. © 2026 DHS OIG/Handout via Reuters On September 11, the US Department of Homeland Security’s Office of Inspector General published reports outlining findings from visits to Krome North Service Processing Center and the now-shuttered “Alligator Alcatraz,” immigration detention facilities in Florida. The oversight body found that the facilities failed to comply with DHS standards, including for medical care, environmental health and safety, and—in the case of Krome—use of force. One of the most disturbing findings at Alligator Alcatraz was the use of “small metal enclosures”—essentially cages—to hold detainees for up to two hours, which the inspector general said “does not align with standards for humane treatment.” The report states that in at least one case, this may have been used as a “disciplinary tool.” The inspector general said that confining people in cages “presents significant risks to detainee health and well-being.” While Alligator Alcatraz officially closed on June 25, there are more than 200 active immigration detention facilities throughout the United States. Human Rights Watch has found cruel, inhuman, and degrading treatment at several of these facilities, including Krome. The new report on Krome comes over a year after a May 2025 visit to the facility. The inspector general documented troubling conditions and violations of medical and use-of-force standards, including the inappropriate use of a chokehold against a detainee. Research by Human Rights Watch between May and June 2025 documented substandard medical care that may have contributed to one detainee’s death at Krome, and excessive use of force, including when officers beat and hogtied a man. The US now has highest rate of death in immigration detention in over a decade, yet even in the face of that reality it is unclear whether the inspector general’s recommendations have been fully addressed. The inspector general should continue investigating detention centers, with timely reports and real consequences. Gutted DHS oversight bodies should be restored to full force, particularly considering the agency’s expansive budget. Without proper oversight and appropriate penalties, abusive practices will continue with impunity.

Human Rights WatchHuman Rights WatchHuman Rights Watch18 Sept

XPeng shops its self-driving tech to automakers — Tesla found no takers

XPeng is trying to turn its self-driving and smart-cockpit systems into a licensing business, courting automakers, suppliers, and software firms well beyond its existing Volkswagen deal, according to a Reuters report. It’s the exact playbook Tesla has been pitching for years with “Full Self-Driving.” The difference is that XPeng is finding interest. more…

ElectrekElectrekFred Lambert18 Sept
  • neutral toward Tesla · 86%

Apple Supplier Subsidiary Considering U.S. Flash Memory Factory

Apple supplier SK Hynix's subsidiary Solidigm is considering a U.S. NAND flash memory factory, with upstate New York emerging as a leading candidate, according to Reuters . The move would reduce Solidigm's reliance on its NAND factory in China. Yesterday, it emerged that the Apple supplier is in manufacturing talks with Intel to start memory production in the U.S. Tag: United States This article, " Apple Supplier Subsidiary Considering U.S. Flash Memory Factory " first appeared on MacRumors.com Discuss this article in our forums

MacRumorsMacRumorsHartley Charlton18 Sept

Saudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains Offline

Saudi Arabia has sold as many as 60 million barrels of crude oil from the Persian Gulf port of Ras Tanura for September and October loadings outside the Strait of Hormuz via ship-to-ship transfers, trade sources told Reuters on Friday. Saudi oil giant Aramco has offered buyers of the crude from the Ras Tanura port to be loaded via ship-to-ship (STS) transfers at the port of Sohar in Oman just outside the Strait of Hormuz, according to the sources. Saudi Arabia has hiked shuttle-shipping to the Strait of Hormuz this week, after it was forced late…

OilPrice.comOilPrice.comTsvetana Paraskova18 Sept