Category: Geopolitical

Chevron CEO Sees More Pipelines Built to Bypass Strait of Hormuz – More unreported attacks in the Strait impact transits.

Clark Savage289

In a wide-ranging Bloomberg Surveillance interview aired today, Chevron Chairman and CEO Mike Wirth painted a sobering picture of ongoing disruptions in the Strait of Hormuz while signaling that the industry is accelerating plans for alternative infrastructure to reduce reliance on the critical chokepoint. Wirth confirmed that multiple vessels transiting the Strait of Hormuz have […]

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ExxonMobil and Chevron Executives Warn of $140 to $160 Oil Within Weeks

Clark Savage1199

In a stark alert to markets, top executives from ExxonMobil and Chevron have highlighted an impending physical oil supply crunch that could drive Dated Brent crude prices sharply higher—potentially to $150–$160 per barrel—within the coming weeks. The warnings center on critically low global inventories of crude and refined products, exacerbated by the ongoing closure of […]

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Iran Peace Deal Pending President Trump Approval – And it was not approved by the IRGC

Clark Savage339

Energy News Beat – May 28, 2026 U.S. and Iranian negotiators have hammered out a tentative 60-day memorandum of understanding (MOU) to extend a fragile ceasefire and kick-start talks on Iran’s nuclear program — but the deal still needs final sign-off from President Donald Trump. According to Axios reporting, the framework aims to reopen the […]

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Two VLCC Tankers and Two LNG Tankers Pass Through the Strait of Hormuz en Route to China and India

Clark Savage415

In a significant sign of cautious normalization amid the ongoing U.S.-Israel-Iran conflict, two Very Large Crude Carriers (VLCCs) and at least two LNG tankers have successfully transited the Strait of Hormuz this week, with cargoes bound for key Asian buyers in China and India. The vessels operated in “dark mode” — transponders switched off to […]

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Turkiye’s Reportedly Proposed Military Pipeline To Romania Will Worsen Tensions With Russia

Clark Savage126

ENB Pub Note: This article ran on Andrew Korybko’s SubStack and is worth reading. He brings up some interesting points, and Turkey is out for Turkey and should be watched.    The Polish-led “cordon sanitaire” that’s taking shape along Russia’s western borders will connect with the Turkish-led one that’s poised to emerge along its southern […]

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The Energy Shock Is Not Yet Here, and the Energy Transition Did Not Lessen the Dependency on Oil, Gas and Coal

Clark Savage259

The world is once again staring down the barrel of an energy crisis. With the Strait of Hormuz effectively closed amid escalating tensions from the Iran conflict, global markets are in panic mode over potential disruptions to oil and liquefied natural gas (LNG) supplies. Prices are spiking, supply chains are under threat, and governments are […]

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