Massive Oil, Gas, and Critical Mineral Exploration to Begin in Greenland: Trump Announcement, Security Deal, and the Path to 2027 Drilling

On October 14, 2026, President Donald Trump posted on Truth Social that “Massive Oil, Gas, and Mineral Exploration is getting ready to begin in our new and beautiful Greenland.” He added that experts claim the amount of easily available oil is far greater than that of almost any land anywhere in the world, and that […]

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Chinese Refiners to Slow Inventory Drawdowns as Imports Pick Up: What It Means for the Oil Market

Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]

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Iran IRGC Claims Third Tanker Hit in Two Days in Strait of Hormuz: Impacts on Consumers, Tanker Markets, and Investors

Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday, October 12–13, 2026, that it struck a third “violating” or “offending” supertanker in the Strait of Hormuz within roughly 48 hours, sparking an onboard fire. The IRGC stated the vessel had switched off its navigation systems, ignored warnings, and attempted to exit via an unauthorized […]

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Trump Weighs Joining Saudi Campaign Against Houthis After Deadly Riyadh Airport Attack; Kingdom Targets 10 Million BPD Pipeline Capacity

Newly released footage shows the moment a Houthi strike hit King Khalid International Airport in Riyadh on Saturday, October 10, 2026, in an attack that killed at least 13 people and wounded more than 300—the deadliest assault on Saudi soil in more than a decade. The escalation has prompted U.S. President Donald Trump to state […]

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Energy Department Authorizes Limited SPR Exchange Amid Hurricane Disruptions as Reserve Hits 1980s Lows

The U.S. Department of Energy on October 10, 2026, authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address supply disruptions from hurricane activity in the Gulf of America. Source –⁠Energy ExxonMobil and BP America each received authority for up to 2 million barrels. […]

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Europe’s Energy Hypocrisy Has a Price: They Have Paid Billions to Russia Since 2022

U.S. Treasury Secretary Scott Bessent has highlighted a core contradiction in Europe’s energy policy amid ongoing debates over Russian diesel supplies. In comments tied to a Trump administration arrangement for Russian diesel releases (initially 300,000 tonnes, with more to follow) to ease prices amid broader supply pressures, Bessent stated that Europe has transferred more money […]

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