Happy Thanksgiving, and we have a wild Energy News Beat Stand Up for You! Michael and I are very grateful to all the listeners, readers, and patrons of the Energy News Beat Channel and Substack, and to the guests who have to suffer through my horrible jokes. Take a moment today, take a deep breath, […]
Continue ReadingIn the ongoing saga of geopolitical tensions, the energy sector has emerged as a critical battleground. As of November 2025, U.S.-led sanctions are tightening their grip on Russia\’s oil giants, forcing operational halts and asset fire sales that could hasten the end of the Russia-Ukraine war. Two recent developments underscore this pressure: the shutdown of […]
Continue ReadingIn a stark warning that echoes growing concerns across the global energy sector, Russia\’s top OPEC+ negotiator, Alexander Novak, has highlighted the imminent risk of an oil shortage driven by chronic underinvestment. Speaking recently, Novak emphasized that traditional accessible reserves are depleting rapidly, while hard-to-recover reserves demand significantly higher costs. \”We are now seeing traditional […]
Continue ReadingENB Pub Note: This is from The Merchant\’s News on Substack, and Stu Turley will interview Giacomo Prandelli in December about this and several other global energy issues. We recommend following and subscribing to his Substack. Take a look at how Russia has survived, and the new Natural Gas pipeline to China will take 4 […]
Continue ReadingIn a striking reversal that underscores the enduring grip of fossil fuels on the global economy, the International Energy Agency (IEA) has updated its forecast, now projecting that oil demand will continue to climb until at least 2050. Under its Current Policies Scenario (CPS), the IEA anticipates global oil consumption reaching 113 million barrels per […]
Continue ReadingIn the ever-evolving landscape of global energy markets and finance, few concepts have sparked as much debate as the \”petrodollar.\” Coined to describe the system where oil is predominantly priced and traded in U.S. dollars, this arrangement has underpinned American economic dominance for decades. But recent shifts—ranging from Saudi Arabia\’s geopolitical realignments to surging gold […]
Continue ReadingSaudi Aramco, the world\’s largest oil exporter, has announced a series of 17 memoranda of understanding (MoUs) and agreements with U.S. companies, potentially valued at more than $30 billion. These deals build on earlier announcements in May 2025, bringing the total collaboration pipeline with U.S. firms to approximately $120 billion this year. This move underscores […]
Continue ReadingENB Pub Note: This article is from The Merchants News Substack by Giacomo Prandelli, and I had an outstanding conversation with him while he was in Switzerland. I love talking to people from around the world about energy. We recommend subscribing to his Substack, and I have scheduled an interview with him on the Energy […]
Continue ReadingIn the intricate dance of global energy markets, China has emerged as a pivotal player, effectively establishing both a floor and a ceiling for crude oil prices through its strategic imports and stockpiling activities. As the world\’s largest oil importer, China\’s decisions ripple across international markets, absorbing surpluses when prices dip and scaling back when […]
Continue ReadingIn a landmark diplomatic and economic event, U.S. President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman (MBS) at the White House on November 18, 2025, marking a significant escalation in bilateral ties. During the high-profile meeting, MBS announced that Saudi Arabia would ramp up its investment commitments in the United States from an […]
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