A major shift is underway in global energy geopolitics. According to reports, ExxonMobil is close to finalizing contracts to produce oil in up to six fields across multiple regions in Venezuela, and may announce them as soon as this month. This comes just four months after Exxon CEO Darren Woods described Venezuela as “uninvestable” under […]
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Devon Energy (NYSE: DVN) has secured a major expansion of its premier position in the Delaware Basin, acquiring 16,300 net undeveloped acres in the core of the play in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion through a Bureau of Land Management (BLM) oil and gas lease sale. The deal, announced on […]
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As artificial intelligence drives explosive demand for reliable, always-on electricity, data center operators are scrambling for carbon-free power that doesn’t require sprawling new transmission lines or prime farmland. One unlikely hero is emerging from America’s oil patch: hundreds of thousands — potentially millions — of abandoned oil and gas wells that can be repurposed for […]
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In a significant escalation of its maritime posture, Iran has formally established a “controlled maritime zone” in the Strait of Hormuz through its newly created Persian Gulf Strait Authority (PGSA). The authority—widely understood to operate under the Islamic Revolutionary Guard Corps (IRGC)—has published an official map and set up a social media presence to assert […]
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NVIDIA (NASDAQ: NVDA) delivered another blockbuster quarter, reporting record revenue of $81.6 billion for its first quarter of fiscal 2027 (ended April 26, 2026). This represents a robust ~20% sequential increase from Q4 FY2026’s $68.1 billion and an impressive ~85% year-over-year jump. The results significantly beat Wall Street expectations (consensus around $79–79.2 billion) and underscore […]
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Wall Street has a blind spot the size of a supertanker — and it’s called the energy sector. In a recent wide-ranging interview on Kitco News, veteran investor Ted Oakley, founder and managing partner of Oxbow Advisors, sat down with anchor Jeremy Szafron and delivered a blunt assessment: Wall Street is completely mispricing energy. Oakley […]
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The United States has stepped into an extraordinary role amid the 2026 Iran conflict and disruptions in the Strait of Hormuz: the world’s primary swing supplier of crude oil and refined products. Record exports are helping offset massive global supply shortfalls, but this “filling station” status comes with clear limits—depleting strategic reserves, tightening domestic inventories, […]
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As the conflict between Iran and the U.S.-led coalition intensifies, Tehran is signaling a dangerous new front: the world’s undersea fiber-optic cables. Iranian state-linked media has explicitly warned that the concentration of critical data cables in the Strait of Hormuz creates a “vulnerable point” for the region’s digital economy — and by extension, the global […]
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The numbers don’t lie. In just the first ~50 days after the Trump administration’s March 17, 2026, Jones Act waiver for energy products and fertilizer, 45 voyages moved cargo on 35 foreign-flagged vessels across more than 30 U.S. ports and a dozen-plus cargo types. This wasn’t foreign ships stealing work from American ones. The Jones […]
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U.S. Secretary of Agriculture Brooke Rollins announced on May 19 that the Blue Point low-carbon ammonia project in Ascension Parish, Louisiana, is advancing rapidly under streamlined permitting. The roughly $3.7–4 billion facility is expected to become the world’s largest ammonia production plant by nameplate capacity. According to Secretary Rollins’ post on X, permitting for the […]
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