In the latest weekly update from Baker Hughes, the U.S. oil and gas rig count remained unchanged at 551 for the week ending February 13, 2026. This stability comes after three consecutive weeks of increases, with the total now sitting 37 rigs—or about 6%—below the level from the same period last year. Specifically, oil rigs […]
Continue ReadingThe energy sector has been buzzing with optimism lately, as oil stocks have surged by approximately 21% over recent months amid stabilizing crude prices, geopolitical tensions, and renewed demand forecasts. This rally, driven by factors like OPEC+ production adjustments and global economic recovery signals, has investors eyeing opportunities in both public and private oil and […]
Continue ReadingIn a stunning development that could reshape global energy markets and geopolitics, an internal Russian memo has surfaced proposing a return to the US dollar for settlements as part of a broader economic partnership with the Trump administration. This move, if realized, might signal the beginning of the end for the ongoing war in Ukraine, […]
Continue ReadingBy Stuart Turley, Energy News Beat In a landscape where energy markets are increasingly shaped by geopolitical maneuvering, Vitol CEO Russell Hardy has sounded a note of caution—and opportunity—for the global oil trade. Speaking at the International Energy Week conference in London, Hardy highlighted how U.S. pressure on sanctioned oil flows from Russia and Iran […]
Continue ReadingIn a landmark visit marking the highest-level U.S. energy-focused trip to Venezuela in nearly three decades, U.S. Energy Secretary Chris Wright met with interim President Delcy Rodríguez and oil executives in Caracas. The February 2026 trip comes amid the Trump administration\’s efforts to revitalize Venezuela\’s beleaguered oil sector following the capture of former President Nicolás […]
Continue ReadingThe recent geopolitical shift in Venezuela, following the U.S.-led capture and removal of former President Nicolás Maduro in early 2026, has opened new doors for American energy companies. Chevron, the only U.S. oil major still operating in the country, is ramping up its activities amid eased sanctions and a special Treasury Department license. This development […]
Continue ReadingENB Pub Note: This is an interesting article from Andrew Korybko\’s Substack newsletter. We recommend subscribing as he has an interesting look into geopolitical aspects. Stu Turley believes that when the Russia-Ukraine war is over, new trading blocs will form, and Russia will be at the forefront of them. India is very important to the […]
Continue ReadingIn the global race toward a sustainable future, China stands out as a powerhouse in renewable energy deployment. With record-breaking installations of solar panels and wind turbines, the nation has positioned itself as a leader in the \”clean energy\” revolution. However, beneath this green facade lies a stark reality: China\’s renewable sector is heavily reliant […]
Continue ReadingIn a recent appearance on the Clay & Buck podcast, sponsored by PureTalk, Secretary of the Interior Doug Burgum laid bare the stark realities facing California\’s energy landscape. Speaking from Washington, D.C., Burgum highlighted how the Golden State\’s aggressive climate policies are not just driving up gas prices but posing a genuine threat to America\’s […]
Continue ReadingIn the volatile world of global energy markets, narratives can shift as quickly as oil prices. For months, headlines have painted a picture of an oil glut—abundant supplies keeping Brent crude hovering around $67 per barrel and WTI at $64. Yet, beneath this apparent surplus lies a fractured market, distorted by uncounted volumes of sanctioned […]
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