The global oil market is facing its most severe supply shock in years. Ongoing disruptions in the Middle East—driven by conflict and the effective closure of the Strait of Hormuz—have slashed exports by more than 13 million barrels per day (mb/d), triggered massive production shut-ins, and sent inventories plunging. According to the International Energy Agency’s […]
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The ongoing closure of the Strait of Hormuz—now in its seventh week—has triggered the largest oil supply shock in modern history. Roughly 20 million barrels per day (mb/d) of crude and products once flowed through this narrow chokepoint. Today, tanker traffic has collapsed, exports have plunged to a trickle, and Gulf producers have been forced […]
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The recent escalation in the Iran conflict — with strikes on energy infrastructure, threats to shipping, and disruptions around the Strait of Hormuz — has done far more than spike oil prices. It has laid bare the world’s true energy demand and the fragility of global supply chains. As Brent crude surged toward and beyond […]
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As energy prices continue to bite households and industry across the West, the UK government under Energy Secretary Ed Miliband has announced a fresh push for up to 10GW of new renewable capacity on public land—brownfield sites, railway land, Ministry of Defense estates, and other government assets. Officials claim this could power the equivalent of […]
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As of April 20, 2026, U.S.-Iran negotiations remain in a state of high-stakes uncertainty. No final round of talks has been formally confirmed for this week, despite President Trump’s repeated statements that a deal is “very close” and that Iran has signaled willingness to suspend its nuclear program indefinitely in exchange for sanctions relief and […]
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ENB Pub Note: This article is from America Outloud, and Ronald Stein, P.E., and Dr. Lars Schernikau have been on the Energy News Beat podcast! They are fantastic, and we recommend reading America Outloud. An extensive economic review of South Africa’s Integrated Resource Plan 2025 (IRP 2025), approved by Cabinet in October 2025 has been conducted by the authors, and the report concludes […]
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The United Arab Emirates (UAE) has quietly opened discussions with the United States for emergency access to U.S. dollars, seeking a financial backstop as the recent Iran conflict strains its economy and disrupts key oil export routes. According to multiple U.S. officials cited in reporting, UAE Central Bank Governor Khaled Mohamed Balama raised the possibility […]
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In the energy markets, there’s no single “oil price” anymore — and today’s fractured reality proves it. As highlighted in a sharp analysis posted this morning by commodity trader Jack Prandelli, the spreads tell the real story: Forties (physical) → $134 Dated Brent (physical) → $116 Brent futures → $99 WTI → $87 Canadian crude […]
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As the Iran conflict escalates with U.S. and Israeli strikes targeting Iranian energy infrastructure, the Iran-backed Houthis in Yemen have issued a stark warning: they are prepared to close the Bab el-Mandeb Strait, effectively blocking oil exports through the Red Sea. Houthi Deputy Foreign Minister Hussein al-Ezzi stated, “If Sana’a decides to close the Bab […]
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The Energy Realities Gang of Irina Slav, Dr. Tammy Nemeth, David Blackmon, and me had way too much fun this morning. What a wild day with Irina Slav, Dr. Tammy Nemeth, David Blackmon and Stu Turley on the Energy realities podcast. We had GREAT questions from the live viewers on YouTube and LinkedIn! Thank you […]
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