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News & Articles By Sterling Ashworth
05/27/2026
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By Sterling Ashworth
China Added to Oil Stockpiles in April Despite Sharp Import Decline
China likely placed an estimated 430,000 barrels per day (bpd) of crude into strategic and commercial reserves in April, even as its crude imports slumped to the lowest level since July 2022, according to estimates by Reuters columnist Clyde Russell based on official data. [1] Crude imports fell 20% year-on-year to 9.25 million bpd in […]
05/25/2026
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By Sterling Ashworth
U.S. Lawmaker Introduces Bill to Codify Strategic Bitcoin Reserve
Rep. Nick Begich, Republican of Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, according to a press release from his office. The bill, titled the American Reserve Modernization Act of 2026 (ARMA), is designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation […]
05/24/2026
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By Sterling Ashworth
Rising Electricity Bills Emerge as Pivotal Issue in 2026 Midterm Elections
Average residential electricity rates increased nearly 13 percent from April 2020 to April 2025, according to the U.S. Energy Information Administration. Since President Donald Trump returned to office in January 2025, rates have climbed an additional 6 percent. The EIA projects another 6 percent increase nationwide in 2026, and economic development finance firm ICF warns […]
05/22/2026
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By Sterling Ashworth
U.S. Imposes Sanctions on Gaza Flotilla Organizers
The U.S. Department of the Treasury (USDT) announced sanctions on Tuesday, May 19, against four individuals linked to recent humanitarian flotillas attempting to reach Gaza. A statement from the USDT’s Office of Foreign Assets Control accused the four individuals of supporting Hamas and undermining peace efforts. As per Brett Wilkins of Common Dreams, the sanctioned individuals […]
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
White House Announces Imminent Bitcoin Reserve Plan, Official Says Legal Hurdles Cleared
The White House is on the verge of a formal announcement regarding the U.S. Strategic Bitcoin Reserve (SBR), according to Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets. Witt stated that the administration has cleared a major legal hurdle in establishing the reserve. “We’ll have an announcement,” he said in […]
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
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
Ghana to Evacuate 300 Citizens from South Africa Amid Xenophobic Attacks
Ghana Announces Evacuation of Citizens Ghanaian President John Mahama approved the immediate evacuation of 300 citizens from South Africa, following what Accra described as a fresh wave of xenophobic attacks targeting foreign nationals, according to Ghanaian Foreign Minister Samuel Okudzeto Ablakwa. Ablakwa stated in a post on X that the “distressed” Ghanaians had registered with […]
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