Energy and shipping
The Strait of Hormuz, oil markets, tankers and the sanctions that follow them.
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Energy and shipping, opinion
Ukraine says it has disabled 45 per cent of Russian refining. The bill is arriving at everyone's pump.
Ukraine's General Staff puts the damage to Russia's design refining capacity above 45 per cent and names the plants. The same day, Reuters reports record diesel prices in Europe and the United States and the IEA says there are few options left to stop further rises.
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Energy and shipping, opinion
Trump says he is working on a massive potash deal. Belarus says its volumes are all contracted.
The US president said he is working on a deal to buy Belarusian potash at a better price than Canada's. The same day, Belarus's own leader said this year's volumes are contracted and none are free. This column reads the two statements together.
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Energy and shipping, opinion
Ninety per cent of Ukraine's steel has stopped. Seventeen of its workers are dead.
Kyiv Post reports that Russian ballistic missiles have halted the three plants behind 90 per cent of Ukraine's steel, killing 17 workers. The language of idled capacity is the wrong language for what the owners describe.
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Energy and shipping, news analysis
Kapotnya’s refinery fire: smoke is not a unit of measurement
A refinery reported to supply some 40% of Moscow’s fuel market was hit overnight. That figure says what the plant was worth before the drones came, not what it lost after.
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Energy and shipping, report
The Strait of Hormuz is open, at about a quarter of normal
Oil-product flows through the world's most important oil chokepoint are running at roughly one million barrels a day against four million before the war. Brent is near $104, and Saudi Arabia is moving crude the long way round.