Gasoline prices at the pump are falling fast, offering consumers relief after months of pain. But this relief comes amid depleted strategic buffers and lingering uncertainty over the recent Iran conflict and deal. For the Trump Administration, the trajectory of energy prices could either reinforce its political standing or expose vulnerabilities. Current Price Snapshot (Mid-June […]
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Ukrainian forces struck the Gazprom Neft-owned Moscow Oil Refinery (MNPZ) in the Kapotnya district early on June 16, 2026, igniting a fire at a facility just 15 kilometers (about 10 miles) from the Kremlin. The attack targeted Russia’s capital-region refining hub, which processes roughly 245,000–250,000 barrels per day (11–12 million tons annually) and supplies approximately […]
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According to the Energy Information Administration, today, California ranks first in jet fuel demand among the states. The California Energy Commission (CEC) projects in-state jet fuel demand will rise significantly in the long term, growing from about 271 thousand barrels per day (TBD) in 2023 to an estimated 378 TBD by 2045. These jet fuel demand […]
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Ukraine has shifted from broadly targeting refineries to striking specialized secondary processing units such as hydrocrackers, which are more difficult and time-consuming to replace. Repeated attacks on the same facilities are extending outages and reducing Russia’s ability to restore refining capacity quickly. Fuel shortages, export restrictions, and declining diesel output suggest a growing strain on […]
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Cushing, Oklahoma — the critical delivery hub for West Texas Intermediate (WTI) crude oil futures — is rapidly approaching operational limits as inventories continue their steep decline amid global supply disruptions. Latest EIA Data: Sharp and Sustained Drawdowns According to the U.S. Energy Information Administration (EIA), commercial crude oil stocks at Cushing stood at 21.64 […]
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Energy Policies Impact Agriculture and Consumers Hard This was a fun discussion about the serious issue of gasoline, diesel, and fertilizer price increases for farmers, ranchers, and consumers in California. Make no mistake, the actions taken by the Newsom administration have driven consumer prices to some of the highest in the United States. Gavin has […]
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Russia is preparing to sharply reduce its crude oil exports in June, diverting more barrels to the domestic market as refinery disruptions, regional fuel shortages, and persistent Ukrainian drone strikes take a heavy toll on production and logistics. According to preliminary industry and trading data reported by Reuters and cited in OilPrice.com, crude loadings from […]
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Nigeria’s Dangote Petroleum Refinery has officially broken ground on a second 700,000-barrels-per-day (bpd) crude processing unit at its Lekki complex outside Lagos. The expansion, announced today, will nearly double the facility’s total refining capacity to approximately 1.4 million bpd once the new unit comes online by the end of 2028. The move cements the Dangote […]
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ENB Pub Note: This is a great article from America Outloud with Mike Ariza and Ronald Stein, and both have been on the Energy News Beat podcast. We recommend connecting with both great resources. An energy “REALITY” reminder is that crude oil by itself is useless black tar, unless you build a multi-billion-dollar refinery to […]
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US refiners are operating plants at elevated run rates, with some delaying scheduled maintenance amid strong refining margins and steady-to-robust fuel demand. According to a Bloomberg report from June 1, 2026, the industry saw one of its lightest maintenance seasons in recent memory, with an average of only 470,000 barrels per day (bpd) of processing […]
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