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President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

June 11, 2026June 11, 2026 Clark Savage876

In a major escalation of the ongoing U.S.-Iran conflict, President Donald Trump has signaled that U.S. forces will strike Iran “VERY HARD TONIGHT” and, in the near future, take control of Iran’s critical oil infrastructure, including Kharg Island. This development draws direct parallels to the administration’s approach in Venezuela and aligns with commentary from energy […]

Kuwait Offers Oil to Asian Buyers for First Time Since Iran War Began

June 9, 2026June 9, 2026 Clark Savage2204

In a significant sign that Gulf crude is once again finding its way to market, Kuwait is offering at least 4 million barrels of its main export-grade crude to Asian refiners—the first such sales to the region since the Iran war erupted in late February 2026. The volumes are loaded onto two very large crude […]

Basin outstripping Saudi Arabia in energy significance

June 3, 2026June 3, 2026 Clark Savage356

The global order of the energy industry is shifting and where the Permian Basin will fit in is an intriguing question. It will of course be very important, but in what relation to Russia, Saudi Arabia and the other members of OPEC and OPEC-Plus? How will Europe and Asia factor in with their massive and […]

The Oil Supply Shock Can’t Be Fixed Before November

May 25, 2026 Clark Savage1486

Even the most optimistic reopening of the Strait of Hormuz won’t deliver a quick fix. Physical barrels tell a far harsher story than paper futures. Art Berman (@aeberman12) nailed it in his May 25, 2026, post: There is no clean, modelable “successful reopening” of the Strait of Hormuz. Even in the wildly optimistic scenario, the […]

The UAE is Doubling Down On Exports Around the Strait of Hormuz

May 15, 2026 Clark Savage2152

In a decisive move that underscores its strategic pivot amid ongoing regional tensions and its recent departure from OPEC, the United Arab Emirates is accelerating infrastructure to dramatically expand its oil export capacity, bypassing the Strait of Hormuz. On May 15, 2026, Abu Dhabi’s Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan directed […]

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

May 13, 2026 Clark Savage1994

Saudi Arabia has delivered a stark update to OPEC: its crude oil production plunged another 651,000 barrels per day (b/d) in April, hitting just 6.316 million b/d—the lowest level since the 1990 Gulf War. According to a monthly report from OPEC’s secretariat obtained by Bloomberg, the kingdom’s output has now fallen a cumulative 42% since […]

Energy Realities Podcast Round Table

May 4, 2026 Clark Savage542

Irina Slav did a great job today leading the discussion, and it was interesting with the great comments from the live audience. Irina had a great point about the new Ford’s ability to shut down or allow you to use your own car due to heightened stress. This is not good, and I will not […]

How the UAE’s Shock Exit from OPEC Will Reshape the World of Oil – Kathryn Porter

May 3, 2026 Clark Savage1183

The United Arab Emirates’ announcement on April 28, 2026, that it will formally exit both OPEC and the wider OPEC+ alliance effective May 1 marks a seismic shift in global oil politics. As one of the cartel’s most significant producers with substantial spare capacity, the UAE’s departure delivers a major blow to an already strained […]

Why did the UAE leave OPEC, and what is the Global Impact

April 29, 2026April 29, 2026 Clark Savage931

The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026—marking the end of nearly 60 years of membership since 1967. This move strips OPEC of its third-largest producer and delivers a significant blow to the cartel’s ability to […]

Is Secretary Bessent Merging the Petrodollar with Argentina-Style Dollar Domination?

April 28, 2026April 28, 2026 Clark Savage1782

In a landmark testimony before the Senate Appropriations Subcommittee and follow-up statements, U.S. Treasury Secretary Scott Bessent has outlined a bold new strategy: expanding permanent dollar swap facilities with Gulf and Asian allies to reinforce U.S. dollar dominance amid global energy shocks. This comes as the traditional petrodollar framework—anchored by a 50-year arrangement with Saudi […]

Category: OPEC

President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls

Kuwait Offers Oil to Asian Buyers for First Time Since Iran War Began

Basin outstripping Saudi Arabia in energy significance

The Oil Supply Shock Can’t Be Fixed Before November

The UAE is Doubling Down On Exports Around the Strait of Hormuz

Saudis Tell OPEC That Oil Output Sank Again to Lowest Since 1990

Energy Realities Podcast Round Table

How the UAE’s Shock Exit from OPEC Will Reshape the World of Oil – Kathryn Porter

Why did the UAE leave OPEC, and what is the Global Impact

Is Secretary Bessent Merging the Petrodollar with Argentina-Style Dollar Domination?

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