In a sharp and timely appearance on CNBC’s Squawk Street today (June 26, 2026), veteran commodity strategist Jeff Currie delivered a clear-eyed assessment of the oil market’s current dynamics. While acknowledging a near-term surplus, Currie stressed that today’s conditions offer almost no guidance on what lies ahead. Currie, Senior Advisor at the Carlyle Group and […]
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Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]
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ENB Pub Note: This is a great post on LinkedIn from Doug Sheridan, and we highly recommend following him. The FT reports that NY is confronting a tightening electricity supply just as demand begins to rise after a decade of stagnation. For years, NY expected electricity demand to remain flat, helped by efficiency gains. Regulators […]
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U.S. drilling activity remains resilient with modest gains reported in the latest industry-standard data, while Canada shows stronger momentum. Sources differ in methodology and absolute counts, highlighting the value of cross-referencing multiple providers. Here’s a comprehensive breakdown drawing from Baker Hughes (the longstanding industry benchmark), Enverus (daily GPS-based tracking), and the detailed WellDatabase report you […]
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You can’t change the spots on a leopard, and the IRGC will not change. The world is adding plans for a long-term problem in the Strait of Hormuz, and we cover the next steps to ensure Energy Security. Countries are not holding their breath and realize that energy security is taking center stage amid so […]
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The U.S. power grid faces a deepening equipment crisis, with power transformer lead times reaching record highs and constraining everything from routine repairs to major new infrastructure projects. According to recent industry data, standard power transformer delivery times now average 128 weeks (nearly 2.5 years), while generator step-up (GSU) transformers average 144 weeks, with some […]
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In an era of geopolitical uncertainty, maturing conventional fields, and rising global energy demand, the oil and gas industry stands at the threshold of a profound renaissance in energy security. The key? Enhanced recovery techniques—often called tertiary or enhanced oil recovery (EOR)—that unlock vast volumes of oil already discovered but left behind in existing reservoirs. […]
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ENB Pub Note: This is an article from America Out Loud by two Great energy leaders, Ronald Stein and Dr. Lars Schernikau. Both have been on the Energy News Beat Podcast and are highly recommended to follow. Electricity demands are growing worldwide, and the unpopular questions around what it truly takes to power our modern […]
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This was a good interview on the Sable offshore platform with Secretary Doug Burgum and Secretary Chris Wright on the importance and impact of the implementation of the Defense Production Act on California Oil. Make no mistake. There is still work to be done as the new legislation that Gov Newsom is putting in will […]
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The U.S. Energy Information Administration (EIA) released its latest Weekly Petroleum Status Report on June 3, 2026, covering data for the week ending May 29, 2026. The report reveals a significant tightening in U.S. petroleum inventories, with a massive combined draw in commercial crude oil and Strategic Petroleum Reserve (SPR) stocks. Analyst Ole S. Hansen […]
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