Oil Is Not Done Yet: Wood Mackenzie Report Says Oil Demand Increasing to at Least 2032

In a landscape dominated by headlines about renewable energy and the push toward net zero emissions, a new report from Wood Mackenzie delivers a sobering reminder: global oil demand is far from fading. According to the consultancy\’s Energy Transition Outlook 2025-2026, released in late October 2025, oil demand won\’t peak until 2032—two years later than […]

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Ukraine Attacks Russian Oil and Fuel Sites

In a bold escalation of its asymmetric warfare strategy, Ukraine launched a series of long-range drone strikes on Russian energy infrastructure overnight on October 29, 2025. Targeting facilities deep within Russian territory and in occupied Crimea, these attacks aimed to disrupt fuel production and logistics critical to Russia\’s military operations and economy. Ukrainian Special Operations […]

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India Looking to Buy from US to Replace Russian Oil – What is the best blend for India\’s refineries is a real question.

In a significant shift amid escalating geopolitical tensions, India\’s largest refiner, Indian Oil Corporation (IOC), is actively seeking to diversify its crude oil imports by turning to the United States and other American suppliers. This move comes as U.S. sanctions on major Russian oil producers like Rosneft and Lukoil disrupt traditional supply chains, forcing Indian […]

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Zelensky Declares Expansion of Long-Range Attacks on Russian Oil Refineries: Who Authorized and Why?

In a bold escalation amid the ongoing Russia-Ukraine conflict, Ukrainian President Volodymyr Zelensky has announced plans to broaden the scope of long-range strikes targeting Russian oil refineries. This declaration, made following a strategic meeting with his military staff, underscores Ukraine\’s intent to intensify pressure on Russia\’s energy sector, which Zelensky claims is already \”paying a […]

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Valero Charges Forward with California Refinery Shutdown: Newsom\’s Net Zero \”Victory\” Accelerates the Exodus of Oil and Gas from the Golden State

In a move that underscores the relentless squeeze on California\’s fossil fuel industry, Valero Energy has confirmed it will proceed with shutting down its Benicia refinery by April 2026, despite last-ditch negotiations with state officials. The 145,000-barrel-per-day facility, a cornerstone of West Coast refining since 1968, falls victim to what Valero cites as an unforgiving […]

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US Oil Production is Booming and Demand is Driving It – Global Geopolitical Issues Set to Increase Prices

The United States continues to solidify its position as a global energy powerhouse, with crude oil production reaching record highs amid robust domestic demand for petroleum products. As of 2025, U.S. oil output is forecasted to average 13.53 million barrels per day (mb/d), building on the momentum from 2024\’s 13.24 mb/d. This surge is largely […]

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Recent Attacks on Energy Infrastructure in Hungary and Romania – Who did it is a huge question

On October 20, 2025, two major explosions occurred at oil refineries in Hungary and Romania, halting operations and raising widespread suspicions of coordinated sabotage. These incidents targeted facilities heavily reliant on Russian oil supplies, amid escalating geopolitical tensions over Europe\’s push to phase out Russian energy imports by 2028. No group has officially claimed responsibility, […]

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