In a landscape dominated by headlines about renewable energy and the push toward net zero emissions, a new report from Wood Mackenzie delivers a sobering reminder: global oil demand is far from fading. According to the consultancy\’s Energy Transition Outlook 2025-2026, released in late October 2025, oil demand won\’t peak until 2032—two years later than […]
Continue ReadingENB Pub Note: This article from Irina Slav on Oilprice.com is excellent, and we will cover this on our daily standup podcast. OPEC+ has agreed to modest monthly production boosts, keeping oil prices range-bound around $65 per barrel, which benefits consumer countries like the US but creates challenges for producer nations. Saudi Arabia\’s strategy of […]
Continue ReadingIn a stark warning amid escalating geopolitical tensions, Russian President Vladimir Putin has cautioned that global oil prices could surge beyond $100 per barrel if Russian crude supplies are cut off from international markets. Speaking on the sidelines of recent discussions, Putin emphasized that the absence of Russia\’s oil would disrupt the global energy system, […]
Continue ReadingUkraine\’s intensified bombing campaign against Russian refineries over the last month is creating a severe fuel crisis in Russia while simultaneously having negative repercussions for the environment. The crippled refining capacity is forcing Russia to import gasoline from distant Asian markets, amplifying CO2 emissions through longer transportation routes. This disruption also reverberates through global fuel […]
Continue ReadingDaily Standup Top Stories China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped September 3, 2025 Clark Savage In the ever-evolving landscape of global finance, whispers from Beijing suggest that China may be on the cusp of a groundbreaking move: unveiling a new initiative that could position the yuan […]
Continue ReadingIn a significant move to curb Iran\’s illicit oil revenues, the U.S. Treasury Department has imposed sanctions on a shipping network accused of smuggling Iranian crude oil by disguising it as Iraqi crude. The network, led by Iraqi-Kittitian businessman Waleed Khaled Hameed al-Samarra\’i based in the United Arab Emirates, is said to have facilitated the […]
Continue ReadingData source: U.S. Energy Information Administration analysis based on Global Trade Tracker, Argus, and Vortexa Note: Data for 2025 are preliminary. 1H25=first half of 2025. figure data From 2020 to 2024, crude oil and condensate exports from Russia averaged 5.0 million barrels per day (b/d). Exports from Russia in the first half of 2025 (1H25) were 4.3 million b/d (compared […]
Continue ReadingWeekly Daily Standup Top Stories Is Trump stalling solar and wind projects, or are people waking up to the fact that China has embedded kill switches or spy products in renewable energy components? It depends on what country you are looking from. Department of Interior Secures Win for American Energy Dominance – Safely and Timely […]
Continue ReadingThis is a huge announcement. This will also have a huge geopolitical impact on the carbon tax and countries forcing Net Zero energy policies on other countries\’ manufacturing and oil companies. The EU may have signed a trade agreement, but we don\’t have the details, and are the United States oil and gas companies exempt […]
Continue ReadingIn a significant pivot within the global energy landscape, China—the world\’s largest oil importer and refiner—has ramped up its exports of refined petroleum products, including gasoline and diesel, as domestic demand softens and overseas margins prove more lucrative. This shift, accelerating in 2025, reflects broader economic and structural changes in China\’s energy sector. As refiners […]
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