Category: Tanker

Massive Ukrainian Drone Strikes Blew Up Vast Areas of the Port of Primorsk, Russia\’s Largest Oil Export Terminal

Clark Savage22

Energy News Beat | March 23, 2026 In a bold escalation of Ukraine’s long-range drone campaign against Russian energy infrastructure, a massive swarm of Ukrainian UAVs struck the Port of Primorsk overnight on March 22-23, 2026. The assault ignited fires across multiple fuel storage tanks and damaged critical oil-loading infrastructure at Russia’s largest Baltic Sea […]

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Oil and LNG Market Seaborne Buffer Runs Low and Iran War Drags On – The world is still pumping oil, just not as much as we need.

Clark Savage25

The Iran war, now stretching into its third week with the Strait of Hormuz effectively closed since early March 2026, has delivered the largest oil supply disruption in history. Gulf producers have slashed output by at least 10 million barrels per day (mb/d), but the global shortfall is “only” 8–10 mb/d thanks to pre-positioned floating […]

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Energy Targets Hit So Far in the Iranian War

Clark Savage22

Energy News Beat Channel Exclusive Analysis – March 21, 2026 The U.S.-Israeli campaign against Iran, which escalated dramatically in early March 2026, has rapidly transformed into a full-scale “energy war.” Both sides and their proxies have deliberately targeted refineries, gas processing plants, LNG terminals, oil storage facilities, pipelines, and tankers. These strikes have disrupted critical […]

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Secretary Scott Bessent has levers he can still pull to keep oil prices stable for a few weeks – Key Points from his Interview on Fox

Clark Savage24

As the U.S.-Israel conflict with Iran roils global energy markets and pushes benchmark crude above $100 per barrel at times, Treasury Secretary Scott Bessent is wielding sanctions policy like a supply-side tool. With the Strait of Hormuz under pressure and Iranian exports partially disrupted, Bessent has already pulled several levers — temporary Russian oil sanctions […]

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Black gold gushes into California as offshore bill kicks into gear following Trump executive order – But what good will it do?

Clark Savage24

Oil is flowing again off the Santa Barbara coast for the first time in over a decade. On Monday, Sable Offshore Corp. restarted the Santa Ynez Pipeline System, sending “black gold” from its Dos Cuadras Field platforms through the onshore network that ends at Pentland Station in Kern County. The move follows President Donald Trump’s […]

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How soon will the US impose Venezuelan Style Controls on Iran? – This could reshape the global energy market.

Clark Savage20

  In the midst of escalating tensions in the Middle East, the ongoing Iran War—marked by U.S. and Israeli strikes on Iranian targets—presents a pivotal moment for global energy markets. As of March 2026, the conflict has already disrupted regional oil flows, with Iran\’s key export hub, Kharg Island, targeted in U.S. operations. This island, […]

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If the Strait of Hormuz is Shipping Oil and Kharg Island is Still Operational, Are We Really in an Oil Crisis Yet?

Clark Savage20

In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]

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Oil and Gas Markets are Upended and Recovery will be Months

Clark Savage18

The ongoing conflict involving Iran has sent shockwaves through global energy markets, marking what experts describe as the largest oil supply disruption in history. With the Strait of Hormuz effectively closed to most commercial shipping since late February 2026, approximately 20 million barrels per day (mb/d) of oil and petroleum products—representing about 20% of global […]

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U.S. Strikes Kharg Island: Trump\’s Claim of Precision Targeting Amid Conflicting Damage Reports

Clark Savage45

In a late-night post on Truth Social dated March 13, 2026, President Donald Trump announced that U.S. forces had conducted a major bombing raid on Iran\’s Kharg Island, describing it as \”one of the most powerful bombing raids in the History of the Middle East.\” He emphasized that the strikes \”totally obliterated every MILITARY target\” […]

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