In the high-stakes world of global oil, timing and persistence can make all the difference. While ExxonMobil and ConocoPhillips spent nearly two decades on the sidelines after Venezuela’s 2007 nationalizations, Chevron quietly maintained its foothold through joint ventures and U.S. licenses. Now, with major political shifts in Caracas and a clear push from the Trump […]
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The 2026 Iran war has triggered what the International Energy Agency (IEA) calls the “largest supply disruption in the history of the global oil market.” Iran’s effective closure of the Strait of Hormuz—through which roughly 20% of the world’s oil and significant LNG volumes flow—has upended global energy supplies. Over 50 countries have implemented emergency […]
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ENB Pub Note: This article is from Andrew Korybko’s Substack newsletter, and we recommend following and subscribing. Absent a deal with Trump, which Putin could be further induced to agree to if Trump promises to reduce US pressure on some – but not all – of these countries, Russia might lose all 15 of these partners […]
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ExxonMobil (NYSE: XOM) released its first-quarter 2026 financial results this morning, showcasing a company built for volatility. Despite significant one-time impacts from Middle East disruptions tied to the February 28 conflict, underlying performance remained robust, driven by higher commodity prices, record production in key assets, and disciplined execution. Financial Highlights GAAP earnings: $4.183 billion, or […]
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For two decades, governments, corporations, and activists have poured trillions into wind, solar, batteries, and hydrogen as the path to a “clean” energy future. The result? According to U.S. Energy Secretary Chris Wright, the world has spent roughly $10 trillion—yet wind and solar deliver only about 3% of global primary energy consumption. And nobody is […]
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A viral video circulating on X (formerly Twitter) from user @lily95075891 highlights the alarming state of Hoover Dam and the Colorado River system, warning of a potential “dead pool” scenario that could endanger water and power for millions of Americans while crippling agriculture. The post, shared amid growing concerns over the Southwest’s megadrought—the worst in […]
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Houston-based integrated energy company Phillips 66 (NYSE: PSX) delivered a solid first-quarter 2026 earnings beat, reporting adjusted earnings of $0.49 per share—surpassing Wall Street consensus estimates of a $0.39 per share loss by $0.88. The company posted net income of $207 million, or $0.51 per diluted share on a reported (GAAP) basis. Strong refining operations, […]
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Houston, TX – April 29, 2026 – The latest U.S. rotary rig count data shows a modest rebound in drilling activity. According to Baker Hughes, the total U.S. rig count for the week ending April 24, 2026, stands at 544 rigs, up 1 rig week-over-week from 543 the prior week. Oil-directed rigs fell by 3 […]
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A controversial amendment to the 2026 Farm Bill is lighting up Capitol Hill, pitting big refining interests against smaller operations in a classic Washington showdown over the Renewable Fuel Standard (RFS) and ethanol mandates. Rep. Michelle Fischbach (R-MN) introduced Amendment 289, which would force year-round nationwide sales of E15 (15% ethanol gasoline) by aligning its […]
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The United Kingdom’s vaunted renewable energy fleet delivered a stark reality check over the recent weekend. Despite boasting approximately 32 GW of installed wind capacity—onshore and offshore combined—actual output plummeted to just 0.6 GW, less than 2% of nameplate capacity. This collapse occurred overnight, when solar generation was zero, leaving Britain functionally reliant on dispatchable […]
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