The official line since the energy crisis has been simple. Families and businesses are exposed because fossil-fuel prices are set internationally. After the latest Middle East shock, ministers said Britain had to “get off the fossil fuel rollercoaster” and that “when global gas prices spike, people here shouldn’t be picking up the tab.” Ofgem and […]
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The deal, exchanged on September 26, 2026, at the Second Azerbaijan International Investment Forum in the presence of President Ilham Aliyev, makes ExxonMobil the operator and still needs parliamentary ratification. It is the first time a U.S. supermajor has taken operatorship of an onshore unconventional program in Azerbaijan. The country has spent three decades built […]
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Diesel prices in the United States have smashed records, topping $6 per gallon nationally and exceeding $7 on the West Coast, while inventories sit well below five-year averages. Truckers, farmers, freight operators, and industrial users feel it first. The pain is global: European and Asian markets have also hit or approached records as middle-distillate supplies […]
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Three sanctioned tankers carrying nearly six million barrels of Iranian crude—valued at roughly $600 million—are crossing the Atlantic toward the United States, according to vessel-tracking data from TankerTrackers and Kpler. The ships, Majestic X, Tifani, and Lenore, were seized months ago in the Indian Ocean as part of a broader U.S. campaign against Iran’s sanctions-evading […]
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A Ukrainian drone strike on Friday forced Russia’s Novoshakhtinsk refinery in the Rostov region offline, according to regional governor Yury Slyusar. The plant, which processes about 110,000 barrels per day (roughly 5–5.6 million tons per year), is not one of Russia’s giants. It is, however, a clean illustration of why diesel—the workhorse fuel for trucking, […]
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Europe spent a decade congratulating itself for pushing coal to the edge of the power system. Then it priced itself back onto the fuel it spent political capital destroying. Benchmark Dutch TTF gas prices spiked above €80 per megawatt-hour this month, the highest in three years, after the Iran conflict choked LNG shipments through the […]
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The remark, given to Nikkei Asia in Tokyo on September 24, is the clearest signal yet that Riyadh no longer treats three outlets as enough insurance against a two-front maritime crisis. Nasser said engineering and feasibility work is already underway. He did not name destinations, capacities, or dates. He did say Aramco can restore interrupted […]
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That is the argument Javier Blas is making in his September 23 Bloomberg Opinion column, China Isn’t Buying More Oil, It’s Buying From Different Markets (also framed as “Don’t Believe the Hype About China’s Oil Buying”). The global market treated China’s pre-war appetite as a floor. In 2026 it became a valve. The Blas thesis: […]
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The wind industry is approaching a structural inflection point. Early fleets in Europe and the United Kingdom are aging faster than advertised, composite blade waste is outrunning recycling capacity, and decommissioning liabilities are coming due just as subsidy structures change. Two recent posts by Peter Clack capture the twin problems: rapid performance decay well short […]
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Charlie Garcia stops by the Energy News Beat Channel, and he is a RockStar! Welcome back to Energy News Beat Podcast. Today we’re diving deep into a perfect storm that’s reshaping global markets, and most people have no idea it’s coming. We’re talking about the diesel crisis that’s quietly becoming the inflationary tax on everything—from […]
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