ENB Pub Note: This is an outstanding article from Giacomo Prandelli\’s Substack \”The Merchants News\”. He has been on the Energy News Beat Podcast, and we are looking to have him on again. He is a great author, and we recommend subscribing to his Substack. Lloyds of London appears to be the holdup now, and […]
Continue ReadingThis was a wild discussion of the current global oil and gas markets with David Blackmon and Stu Turley. We covered stories from Energy News Beat and David’s Substack. And a shout-out to Urs, one of our readers. We are looking forward to paying for dinner in Cuba. If you only have time for one […]
Continue ReadingIn an increasingly volatile global energy landscape, China—the world\’s largest oil importer—relies heavily on discounted crude from sanctioned or geopolitically unstable suppliers to fuel its economy. Venezuela and Iraq together provide a significant portion of these imports, often at below-market prices due to sanctions on Venezuelan oil and competitive pricing from Iraqi heavy crudes. But […]
Continue ReadingThe escalating conflict between the United States, Israel, and Iran, marked by military strikes and retaliatory actions, has thrust the global oil market into turmoil. As of March 1, 2026, Iran\’s threats to close the Strait of Hormuz—a narrow waterway handling about 20% of the world\’s oil trade—have already led to voluntary halts in tanker […]
Continue ReadingAs oil traders brace for the opening of markets on Monday, March 2, 2026, the escalating conflict between the United States, Israel, and Iran is shattering the prevailing narrative of an oil glut. For months, analysts have pointed to oversupply concerns, with Brent crude averaging around $63.85 per barrel in forecasts just days ago. But […]
Continue ReadingFebruary 28, 2026 – In a dramatic escalation of long-simmering tensions, the United States and Israel have initiated joint military strikes on Iran, codenamed \”Operation Epic Fury\” by the U.S. and \”Roaring Lion\” by Israel. President Donald Trump announced the operations early this morning, stating they aim to dismantle Iran\’s missile capabilities, prevent nuclear weapon […]
Continue ReadingIn a move that has heightened tensions in the Middle East, Iran announced the temporary partial closure of sections of the Strait of Hormuz on February 17, 2026, to conduct naval exercises by its Islamic Revolutionary Guard Corps (IRGC). The drills, dubbed \”Smart Control of the Strait of Hormuz,\” involved live-fire exercises and were described […]
Continue ReadingIn a recent appearance on the Clay & Buck podcast, sponsored by PureTalk, Secretary of the Interior Doug Burgum laid bare the stark realities facing California\’s energy landscape. Speaking from Washington, D.C., Burgum highlighted how the Golden State\’s aggressive climate policies are not just driving up gas prices but posing a genuine threat to America\’s […]
Continue ReadingIn the volatile world of energy markets, oil prices have surged in early February 2026, driven by escalating tensions and conflicting signals surrounding U.S.-Iran nuclear negotiations. West Texas Intermediate (WTI) crude climbed above $65 per barrel, while Brent crude topped $69, marking a three-day advance and the highest levels since September 2025. This rally reflects […]
Continue ReadingIn the ever-volatile world of global energy markets, January 2026 brought a notable dip in OPEC\’s crude oil production, largely attributed to political upheaval in Venezuela. According to recent surveys, the Organization of the Petroleum Exporting Countries (OPEC) pumped an average of 28.83 million barrels per day (bpd), marking a decline of 230,000 bpd from […]
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