Brent crude prices surged from approximately $73 per barrel pre-crisis to peaks near $120 in just 10 days following the effective closure of the Strait of Hormuz on March 4, 2026. The International Energy Agency (IEA) has described this as the “largest supply disruption in the history of the global oil market,” with Gulf producers […]
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President Donald J. Trump delivered a no-holds-barred message on Truth Social today that is already sending shockwaves through global energy markets and diplomatic circles. In a post targeting “allies” who sat on the sidelines during U.S. and Israeli operations against Iran, Trump declared that the era of America single-handedly guaranteeing safe passage for Middle East […]
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In a dramatic escalation of the Iran conflict, Iranian drone strikes have repeatedly hammered the UAE’s Fujairah oil terminal — the critical endpoint of the Abu Dhabi Crude Oil Pipeline (ADCOP, also known as Habshan–Fujairah). This pipeline was one of the region’s primary bypass routes around the now-blocked Strait of Hormuz. Multiple attacks in mid-March […]
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Is California on the precipice of social and economic collapse? ENB Pub Note: This article is from the California Globe by Katy Grimes, and she has appeared on the Energy News Beat several times discussing the California energy crisis caused by Gavin Newsom. David Blackmon, Stu Turley, and Mike Ariza will be recording a podcast […]
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In a remarkable display of strategic foresight and engineering resilience, Saudi Arabia has ramped its East-West Pipeline—also known as the Petroline—to full capacity of 7 million barrels per day (bpd), fully bypassing the disrupted Strait of Hormuz. This milestone comes at a critical moment. The ongoing Iran conflict has effectively closed the Strait of Hormuz […]
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As the world’s largest oil and gas companies slash spending on low-carbon “transition” projects for the first time in eight years, one thing is crystal clear: U.S. oil majors are proving that fiscal discipline and bold upstream development are not mutually exclusive—they are the winning formula. According to BloombergNEF data highlighted in today’s Watts Up […]
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The Strait of Hormuz remains effectively closed amid the ongoing U.S.-Israel conflict with Iran, halting nearly all tanker traffic through the critical chokepoint that normally carries about 20% of global oil and LNG trade, along with roughly 5 million barrels per day (mbd) of refined petroleum products. JP Morgan Commodities Research has modeled the ripple […]
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The global energy domino is falling fast — and it is carving the world into two stark categories: nations with enough fuel buffers, refining muscle, and diplomatic leverage to ride out the storm, and those staring down fuel rationing, failed harvests, and economic free-fall. One month into the Iran war, the closure of the Strait […]
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U.S. energy firms pulled back drilling activity for the second straight week, with the Baker Hughes rig count falling 9 rigs to 543 total active rigs for the week ending March 27, 2026. This marks the sharpest single-week decline since early 2026 and leaves the U.S. count down 49 rigs (8.3%) from the same week […]
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TankerTankers.com on X posted great stats on Kharg Island for Iranian Exports. Now that many of you have heard about Kharg Island, Iran, here are some interesting oil-related facts: – The island itself doesn’t produce oil. There is oil that pipes in from its offshore fields, but most of the oil comes from the oilfields […]
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