Power prices on the largest electric grid in the United States — PJM Interconnection, which serves 13 states and the District of Columbia — jumped a staggering 76% in the first quarter of 2026. Wholesale power averaged $136.53 per megawatt-hour (MWh), up from $77.78/MWh in the same period of 2025, according to the grid’s independent […]
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In a notable development for global energy markets amid the ongoing Strait of Hormuz crisis, the Chinese-owned VLCC supertanker Yuan Hua Hu has successfully transited the vital chokepoint and is now en route to China. The passage comes on the heels of high-stakes meetings between U.S. President Donald Trump and Chinese President Xi Jinping in […]
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Two and a half months after the Strait of Hormuz effectively shut down amid the escalating Middle East conflict, India—the world’s third-largest crude oil importer—is grappling with a deepening energy shock that is rippling through its economy. What began as a geopolitical standoff has now cut off more than 40% of India’s crude oil flows, […]
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Saudi Aramco, the world’s largest oil producer, is embarking on its most ambitious privatization and asset monetization drive in its 93-year history. The company aims to raise up to $35 billion by opening midstream, downstream, and non-core assets to Wall Street investors through sale-leaseback deals, minority stake sales, and infrastructure partnerships. This move is explicitly […]
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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 […]
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President Donald Trump’s two-day summit with Chinese President Xi Jinping in Beijing (May 14-15, 2026) delivered a mix of tangible trade deliverables and diplomatic signaling on the Iran war—framed against a backdrop of disrupted global energy flows through the Strait of Hormuz. While no sweeping new trade war truce or grand bargain emerged, both sides […]
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Canada’s manufacturing and industrial base is in freefall under Prime Minister Mark J. Carney’s leadership. A viral X post from @wealthmoose on May 14, 2026, lays out the stark reality with receipts: over $50 billion in planned investments have been canceled, moved, or evaporated in key auto, battery, and manufacturing projects across Ontario and Quebec. […]
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Eleven weeks into the Middle East conflict that has effectively shuttered the Strait of Hormuz and sent energy prices soaring, the correlation between the Bloomberg Dollar Spot Index and Brent crude futures has hit its highest level on record. This marks the strongest daily tandem movement between the greenback and oil in more than two […]
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ENB Pub Note: Interesting Article from Andrew Korybko’s Newsletter on Substack. We recommend following him. The Sino-Russo Entente might evolve into a de facto alliance if South Korea and Japan join AUKUS+, the US’ de facto “Asian NATO”, but that risks spooking India into a de facto alliance with the US to counterbalance perceived Chinese […]
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WASHINGTON/BEIJING – U.S. Treasury Secretary Scott Bessent delivered a stark update on Iran’s oil sector while in Beijing for the Trump-Xi summit, declaring that Iran’s primary export terminal at Kharg Island has reached 100% storage capacity. No oil loadings have occurred in the past three days, ships are neither entering nor leaving, and production shutdowns […]
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