In a bold escalation of its campaign against Russia\’s shadow fleet, Ukraine has carried out its first drone strike on a Russian-linked oil tanker in the Mediterranean Sea, marking a significant expansion of the conflict beyond the Black Sea region. The attack on the Oman-flagged tanker Qendil, which occurred off the Libyan coast on December […]
Continue ReadingIn the latest Baker Hughes weekly report, the US oil and gas rig count declined, reflecting ongoing challenges in the energy sector amid fluctuating prices and market pressures. The total active drilling rigs fell by 6 to 542 for the week ending December 19, 2025. This drop continues a trend of reduced activity, with the […]
Continue ReadingThe global energy landscape has long been shadowed by the so-called \”shadow fleet\”—a network of aging, often poorly maintained tankers that evade international sanctions to transport oil and liquefied natural gas (LNG) from countries like Russia, Iran, Iraq, and Venezuela. These vessels, frequently operating under opaque ownership and false flags, have allowed sanctioned regimes to […]
Continue ReadingENB Pub Note: Excellent update from the Dallas Fed. You can check the full report here. We will be covering the next Energy News Beat Stand-up. Activity in the oil and gas sector edged lower in fourth quarter 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity […]
Continue ReadingWhat a week in the oil and gas markets. We have Dark Fleet Tankers over the weekend rolling up on Venezuela to be filled up, and Michael Tanner and Stu Turley talk about it on the Sunday release of the Energy News Beat Stand Up. Stu points out that President Trump needs to pay attention, […]
Continue ReadingWhat a week in the oil and gas markets. We have Dark Fleet Tankers over the weekend rolling up on Venezuela to be filled up, and Michael Tanner and Stu Turley talk about it on the Sunday release of the Energy News Beat Stand Up. Stu points out that President Trump needs to pay attention, […]
Continue ReadingIn a strategic move underscoring the importance of global energy diversification, Japan Petroleum Exploration Co. Ltd. (JAPEX) has acquired Verdad Resources Intermediate Holdings LLC (VRIH) for approximately $1.3 billion. This deal highlights a key principle we\’ve long championed at The Energy News Beat Channel: energy security starts at home. But when domestic resources are limited—as […]
Continue ReadingENB Pub Note: This was originally published on the Hot Take of the Day Substack by David Ramsden-Wood, or as I call him, \”DRW\”. I have thoroughly enjoyed all of my podcasts with DRW, and he has been a great friend to the Energy News Beat Channel. We highly recommend subscribing to his Substack. I […]
Continue ReadingIn a bold escalation of its campaign against Russia\’s war machine, Ukraine launched overnight drone strikes on key energy infrastructure deep inside Russian territory. The attacks targeted the Slavyansky Oil Refinery in the Krasnodar region and the Nikolaevskaya oil depot in Rostov, disrupting fuel supplies critical to Moscow\’s military operations. Confirmed by Kyiv\’s military intelligence […]
Continue ReadingIn a bold escalation of U.S. policy toward Venezuela, President Donald Trump has ordered a \”total and complete blockade\” of all sanctioned oil tankers entering or leaving the country. The announcement, made via Truth Social, comes amid rising tensions over Venezuela\’s use of shadowy \”dark fleet\” vessels to evade international sanctions and export crude oil, […]
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