Britain and its NATO allies have allowed their ammunition reserves to fall to “dangerously low levels” as they seek to keep Ukraine supplied in its resistance against the Russian invasion, a parliamentary committee has said. The Defence Committee in the House of Commons warned on Tuesday that rebuilding Britain’s munitions stockpile could take at least…

LONDON—Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.–Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 65 cents, or 0.7 percent, to $92.20 a barrel at 1140 GMT, while U.S….

The U.S. Energy Information Administration’s (EIA’s) latest short-term energy outlook (pdf) reveals that coal inventories in the electric power sector reached 93.7 million short tons as of December 2021—an increase since September when stockpiles hit a historic low not seen since the Carter administration. Isaac Orr, a policy fellow at the Center of the American…