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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Russia’s two largest oil export terminals on the Baltic Sea — Primorsk and Ust-Luga — have suspended all crude oil and petroleum product loadings following a series of intense Ukrainian drone attacks this week. The shutdowns represent one of the most severe disruptions to Russian energy exports in modern history and come amid escalating Ukrainian […]
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As California\’s push toward a zero-emissions future accelerates, the state\’s petroleum refining sector is undergoing a dramatic transformation. With refinery closures already underway and more potentially on the horizon, California is increasingly dependent on imported refined products to meet its massive fuel demand. This shift raises critical questions about supply stability, price volatility, and broader […]
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Ronald Stein, Author and friend of the Energy News Beat Podcast, stops by! Gavin Newsom has created one of the largest National Security Risks the United States has ever seen. 1. California’s Declining Oil Refining Capacity The transcript focuses heavily on California’s shrinking refining industry. It discusses how Chevron has warned that additional refinery closures […]
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In a bold projection that underscores the enduring role of fossil fuels in the global energy landscape, Saudi Aramco has forecasted a 1.1 million barrels per day (bpd) increase in global oil demand for 2026, pushing consumption to unprecedented levels. This announcement, made by the world\’s largest oil exporter, comes amid ongoing debates about energy […]
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ENB Pub Note: This article is from the California Globe. Gov. Newsom is presiding over perhaps the largest collapse of the oil industry, refinery operations and gasoline production in U.S. history By Katy Grimes, March 10, 2026 4:34 am With Marathon Petroleum sending a blistering warning to Governor Gavin Newsom and top state officials in a […]
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In a surprising turn of events amid the escalating conflict in the Middle East, President Donald Trump has indicated that the ongoing war with Iran may conclude imminently. Speaking to CBS News on March 9, 2026, Trump described the military operation as \”very complete\” and suggested that hostilities could wrap up soon. This statement comes […]
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