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 […]
Continue Reading
It is a wild day on the News Desk, and we saw Brent hit $105, and the market tanked. This is not going to be over very quickly, as there is a lot to unwind in the oil and gas markets and supply chains. We are seeing new proposed pipelines, and Energy Security is really […]
Continue Reading
In a notable development for global energy markets, a group of U.S. oil executives traveled to Caracas last week for direct talks with Venezuela’s acting President Delcy Rodríguez. The meeting, reported by Bloomberg, occurred as the Trump administration continues its aggressive push to revive Venezuela’s long-dormant oil sector following the January 2026 ouster of former […]
Continue Reading
The global oil market has been upended by the U.S.-Israeli conflict with Iran that began in late February 2026. The effective closure or severe restriction of the Strait of Hormuz — the chokepoint carrying roughly 20 million barrels per day (bpd), or about one-fifth of global seaborne oil and LNG — triggered the largest supply […]
Continue Reading
In an era of geopolitical turmoil—from conflicts in the Middle East to supply chain disruptions—energy security is no longer a luxury but a strategic imperative. Countries worldwide are shifting from reliance on imported refined products to building domestic refining capacity and ramping up drilling programs. This “energy starts at home” approach not only insulates economies […]
Continue Reading
April 23, 2026 – Tensions in the Persian Gulf remain high as the U.S. naval blockade of Iranian ports enters its second week, with U.S. Central Command (CENTCOM) reporting that American forces have now directed 31 vessels to turn around or return to Iranian ports. At the same time, the Strait of Hormuz — the […]
Continue Reading
California’s energy system is teetering on the edge of collapse. Decades of aggressive refinery closures, strict CARB fuel specifications, and heavy reliance on long-haul imports have left the state uniquely vulnerable. The ongoing disruption in the Strait of Hormuz—triggered by the U.S.-Israeli war on Iran—has now turned that vulnerability into an imminent crisis. Refined product […]
Continue Reading
Tokyo-based Japan Petroleum Exploration Co., Ltd. (JAPEX) today unveiled its ambitious “JAPEX Management Plan 2026-2035,” a decade-long strategy designed to quadruple its oil and gas production and position the company as a more resilient global energy player. The plan places heavy emphasis on U.S. expansion, building on the company’s recent $1.26 billion acquisition of operated […]
Continue Reading
You won’t want to miss this Energy News Beat podcast with our special guest, Dan Doyle, author of “ Roughnecks & Riches: A Start-Up in the Great American Fracking Boom”. Little did Dan know that his book and the oil patch would be so important in delivering low-cost energy to the US and world markets. […]
Continue Reading
ENB Pub Note: This article is from the California Globe by Mike Ariza.. We recommend reading the California Globe daily, as Katy Grimes, as the Editor in Chief, does a great job keeping up with everything California. Currently, we only have two to three more weeks of fuel ships still in transit across the Pacific […]
Continue Reading