Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as Gulf states weigh […]
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ENB Pub Note: This article was run on the California Globe by Mike Ariza, and he was just on The Energy News Beat Podcast Last week. We highly recommend following him and the California Globe. “The oil industry makes up 8% of California’s GDP. Without that 8%, the other 92% would be impossible to achieve.” — USC […]
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Irina Slav did a great job today leading the discussion, and it was interesting with the great comments from the live audience. Irina had a great point about the new Ford’s ability to shut down or allow you to use your own car due to heightened stress. This is not good, and I will not […]
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In a one-two punch that is sending shockwaves through global energy markets, the United Arab Emirates has exited OPEC and OPEC+ — and is now openly discussing a currency swap line with the United States. The moves come at a moment of historic turmoil: an ongoing Iran war has disrupted oil flows through the Strait […]
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A Russian tanker carrying crude oil from the Sakhalin-2 project is set to arrive in Japan today, marking a notable development in the country’s efforts to secure energy supplies amid ongoing disruptions in the Middle East. The cargo is destined for Taiyo Oil’s refinery in Ehime Prefecture and represents the latest step by Japan to […]
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TAMPA, Fla. — U.S. Central Command (CENTCOM) announced that its forces will begin supporting Project Freedom on May 4, 2026, to restore freedom of navigation for commercial shipping through the Strait of Hormuz. The mission, directed by the President, aims to support merchant vessels seeking safe transit through this vital international trade corridor. A quarter […]
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The United Arab Emirates’ announcement on April 28, 2026, that it will formally exit both OPEC and the wider OPEC+ alliance effective May 1 marks a seismic shift in global oil politics. As one of the cartel’s most significant producers with substantial spare capacity, the UAE’s departure delivers a major blow to an already strained […]
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In a significant development for the UK’s energy sector, BP is conducting an internal strategic review that includes the possibility of a full or partial exit from its UK North Sea operations. The review, ordered by newly appointed CEO Meg O’Neill, is driven in large part by the UK government’s extended Energy Profits Levy (EPL) […]
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Venezuela’s oil exports surged to an average of 1.23 million barrels per day (bpd) in April 2026, marking the highest monthly volume in more than seven years and the strongest performance since late 2018, before U.S. sanctions crippled the sector. The 14% jump from March’s 1.08 million bpd reflects a rapid rebound driven by a […]
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In a sobering Bloomberg TV interview highlighted in a widely shared X post today, Eric Nuttall — Partner and Senior Portfolio Manager at Ninepoint Partners — warned that the world is experiencing the biggest energy crisis any living person has ever seen. With Middle East oil production slashed by approximately 14 million barrels per day […]
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