Energy Security Starts at Home, and your energy dominance is displayed through your exports. Joe Raia, Chief Commercial Officer at Abaxx Exchange, had a fun interview as he stopped by to give us an update. As a commercial tanker captain who moved into commodities trading, he has the knowledge and background to help guide the […]
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ENB Pub Note: This is an interesting article from Andrew Korybko’s Newsletter on Substack. Times are changing fast, and the trading blocs are in a full change mode. Trump believes that it’s now possible to obtain the “holy grail” that eluded the US even during the heyday of its unipolar hegemony in the 1990s due […]
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Iran is tightening its grip on the Strait of Hormuz, the world’s most critical oil chokepoint, with new rules requiring ships to obtain permission and secure insurance from Tehran. This move explicitly paves the way for future tolls, even as a fragile U.S.-Iran memorandum of understanding (MOU) signed earlier this week aimed to normalize flows. […]
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10 big stories on the Energy News Beat Stand Up It is a wild day on the Energy News Beat Stand Up. Make no mistake, time will tell if the Strait of Hormuz is open, but do not underestimate the importance that the Bank of London and Lloyds of London play in opening the Strait […]
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Wall Street banks are rapidly revising downward their oil price forecasts following the U.S.-Iran interim agreement to end hostilities, reopen the Strait of Hormuz, and ease restrictions on Iranian oil exports. The news has already triggered a sharp sell-off in crude prices, with Brent crude falling to around $80–81 per barrel as of June 16, […]
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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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In a timely BNN Bloomberg interview today, Eric Nuttall, Partner and Senior Portfolio Manager at Ninepoint Partners (manager of one of Canada’s largest energy funds), delivered a candid assessment of the global oil market following more than three months of conflict involving the U.S., Israel, and Iran. Nuttall emphasized that while news of an interim […]
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As of Sunday, June 14, 2026, the Middle East stands at a dangerous inflection point. Iran appears to be preparing for potential direct retaliation against Israel — including by restricting airspace in western regions and suspending flights to key western airports — following Israeli strikes on Hezbollah targets in Beirut’s Dahiyeh suburb. At the same […]
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ENB Pub Note: This article is from David Blackmon’s Substack, and we highly recommend subscribing. Iran’s overreliance on the Strait of Hormuz as a geopolitical weapon is proving self-destructive. By threatening or disrupting this critical chokepoint – through which roughly 20 million barrels per day (bpd) of oil historically flowed – Iran has accelerated the […]
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In a landmark development for global energy markets, the United States has officially become the world’s number one exporter of oil (crude + refined products) and maintains its long-standing position as the top producer of both oil and natural gas. This shift, reported in early June 2026, marks a dramatic reversal from decades when the […]
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