U.S. Central Command forces destroyed five Iranian crude oil carriers on September 8 after the Islamic Revolutionary Guard Corps launched ballistic missiles at a U.S. Navy warship twice in two days. The American vessel evaded both attacks and continued patrols with no personnel harmed. CENTCOM identified the targeted vessels as the M/T Kaviz, M/T Charminar, […]
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Late last month, Prime Minister Mark Carney pulled Canadian negotiators from the table and walked away from what the White House called the most preferential market access any country had received. The United States had proposed deep cuts on steel, aluminum, autos, lumber, and more. Carney rejected it. On September 8, Canada’s dollar-for-dollar retaliatory tariffs […]
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ENB Pub Note: This article first ran on the Energy News Beat Substack. The U.S. is facing an $89 billion liability in the wind industry that nobody is talking about. Scotland’s first commercial wind farm is being held up as proof that wind power can be circular. A Mott MacDonald report for ScottishPower Renewables says […]
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Chinese refiners are stepping back into the crude market while flooding product markets with extra gasoline and diesel, just as the rest of the world is running short of both barrels and refining capacity. August data show crude imports rising 6.2% from July to 8.93 million barrels per day, while refined product exports jumped 29% […]
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Berlin is talking to its own energy companies about filling gas storage without the government walking into the market and buying molecules itself. That is the story Bloomberg reported today, and it is the tell that Germany’s summer refill has not gone to plan. Officials have been discussing how Uniper SE and SEFE — both […]
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However, it only captures part of the story. It does not fully capture system-level costs, weather extremes in places like Germany, consumer price outcomes in the West, or end-of-life realities. Those gaps matter when the claim is that firm renewables are already cheaper than new fossil generation and insulated from fuel shocks. Renewable Wind, Solar, […]
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ENB Pub Note: This article is from Andrew Korybko’s Newsletter, and we recommend subscribing to his Substack. It has some interesting Geopolitical Points. Indefinitely perpetuating the Ukrainian Conflict through these means indefinitely delays the full implementation of the US’ planned “Pivot (back) to (East) Asia”, can lead to Russia selling its natural resource wealth to […]
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Physical tightness, high product cracks, and China’s selective rebound in buying are supporting prices, but inventories, China’s still-subdued import volumes, and the existing backwardation already price in a good deal of risk. What the OilPrice article and related reporting show The Sept. 7 OilPrice piece (and the overlapping Bloomberg coverage it draws on) reports that […]
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Business Secretary Jonathan Reynolds will meet Jaguar Land Rover chief executive PB Balaji and Unite general secretary Sharon Graham early this week to discuss thousands of expected job cuts at Britain’s largest carmaker. JLR has opened a voluntary redundancy program for salaried and management staff as it targets £1.7 billion in savings over two years. […]
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The war that began on February 28, 2026, with U.S. and Israeli strikes on Iran, and Iran’s subsequent campaign against tanker traffic in the Strait of Hormuz, has forced the largest rewrite of global oil trade routes in decades. Pre-war, roughly 20 million barrels per day of crude and products moved through Hormuz. Flows have […]
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