Treasury Secretary Scott Bessent used a Monday appearance on CNBC’s Squawk Box to lay out the working-level results of weekend talks with Chinese Vice Premier He Lifeng — talks he described as a direct extension of the personal relationship between President Donald Trump and President Xi Jinping. Those discussions, held in New York the day […]
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The market got a supply headline it has been waiting for. Saudi Arabia has restarted the East-West Pipeline and could resume loadings from Yanbu on the Red Sea as soon as Tuesday, according to sources briefed on the matter. The line is still pumping at a low rate after drone strikes forced a shutdown around […]
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Energy News Beat — President Donald Trump and President Xi Jinping meet in Washington on Thursday, September 24. The agenda is broader than energy. For the U.S. LNG industry, the meeting is still one of the most important political events of the year. China is the world’s largest LNG importer. The United States is the […]
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President Donald Trump announced Monday that the United States is working on a “massive Deal” to purchase potash from Belarus at substantially lower prices than those paid to Canada. The move is a direct response to the breakdown in U.S.-Canada trade talks and another concrete example of an America First strategy that prioritizes American farmers, […]
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The oil market is no longer one price. It is a map. Javier Blas put the new arithmetic on the table in Bloomberg Opinion on September 21: hiring a Very Large Crude Carrier from the Persian Gulf to Asia has jumped twelvefold in a few months to a record $1.1 million a day. Translate that […]
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In this episode of the Energy News Beat Podcast, host Stu Turley sits down with Christo Liebenberg, President, Co-Founder, and Chief Technical Advisor of LIS Technologies, to explore one of the most promising solutions to America’s nuclear fuel crisis. As global demand for nuclear power accelerates—driven by AI data centers, electrification, and climate imperatives—the U.S. […]
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The United States is not short of crude oil. It is short of spare refining capacity, spare distillate inventory, and spare time. Diesel is the pressure point. National retail diesel is printing all-time highs near $6.40 a gallon. California is above $8.30. Midwest pump prices are breaking state records after ExxonMobil’s Joliet refinery in Illinois […]
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On September 16, 2026, the Federal Reserve raised the federal funds target range by 25 basis points to 3.75–4.00 percent, its first hike since July 2023. The decision was unanimous. Chair Kevin Warsh and the FOMC cited elevated inflation and said the move would support a “timelier return” to the 2 percent goal. Economic activity […]
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On September 16, 2026, European Commission President Ursula von der Leyen used her State of the Union address in Strasbourg to invite Canada to become the European Union’s first “associate member.” Canadian Prime Minister Mark Carney sat in the front row as guest of honor. The chamber gave him a standing ovation. Von der Leyen […]
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American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]
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