GE Vernova (NYSE: GEV) delivered a blockbuster first-quarter 2026 performance that exceeded analyst expectations across the board, sparking a roughly 13-14% surge in its stock price. The energy technology leader reported revenue of $9.3 billion (up 16% year-over-year and 7% organically), adjusted EBITDA of $896 million (nearly doubling from the prior year, with a margin […]
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As the Iran war enters its third month, the world is staring down the barrel of the largest oil supply disruption in history. The Strait of Hormuz—the chokepoint for roughly one-fifth of global petroleum trade—has been effectively closed to most non-Iranian shipping since early March 2026. Bloomberg’s latest analysis warns that the resulting “billion-barrel oil […]
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In a sharp pivot amid stalled ceasefire efforts, President Donald Trump has canceled a high-profile diplomatic trip to Pakistan by his son-in-law Jared Kushner and special envoy Steve Witkoff. The envoys had been expected to engage in indirect or mediated talks aimed at resolving the ongoing U.S.-Iran conflict, which has disrupted global energy flows through […]
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ENB Pub Note: This article ran on David Blackmon’s Substack, and we highly recommend subscribing. Even as U.S. gasoline prices rise again amid ongoing Strait of Hormuz tensions, American drivers are still paying less than half what Europeans and Asians endure at the pump. The reason is simple: America chose lower taxes and genuine energy […]
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The standard Levelized Cost of Energy (LCOE) has dominated energy policy discussions for years. Policymakers, media, and even some industry reports cite it to claim that wind and solar are now the “cheapest” forms of new electricity generation. But as Germany’s Energiewende and certain U.S. states demonstrate, this metric is dangerously incomplete. It ignores the […]
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The FT writes, US shale bosses polled by the Federal Reserve Bank of Dallas said they did not expect to significantly increase production over the next two years as a result of the “chaos” caused by the Iran war. According survey of more than 100 oil and gas companies, 43% of executives said they do […]
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The conflict in the Persian Gulf—sparked by U.S.-Israeli strikes on Iran beginning February 28, 2026—has sent shockwaves through the global food system, even though the region itself is not a major agricultural breadbasket. As detailed in Bloomberg’s April 24, 2026, analysis, the war has cut off critical sources of energy and fertilizers, essential inputs for […]
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In a stark illustration of mounting pressure on Iran’s oil sector amid the U.S. naval blockade of its ports, Tehran has reactivated a 30-year-old Very Large Crude Carrier (VLCC) that had been languishing in retirement off Kharg Island. The vessel, NASHA (IMO 9079107), built in 1996 and capable of holding approximately 2 million barrels of […]
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New York and California have long positioned themselves as national leaders—some might say the “gold standard”—in aggressive climate legislation. Laws like New York’s Climate Leadership and Community Protection Act (CLCPA, 2019) and California’s AB 32 (2006), SB 32 (2016), and SB 100 (2018) set ambitious targets for greenhouse gas reductions, renewable energy mandates, and electrification. […]
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Goldman Sachs issued a research note Thursday projecting that Gulf oil production—currently down by an estimated 14.5 million barrels per day (mbpd), or 57% of pre-war Middle East levels—could largely rebound within a few months once the Strait of Hormuz reopens and hostilities fully cease. The investment bank attributes most of the lost output not […]
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