Japan is on track to reclaim the title of the world’s largest liquefied natural gas (LNG) importer in 2026 for the first time since 2022, narrowly ahead of China. Analysts at ICIS and Kpler both forecast a slim Japanese lead driven by weak Chinese spot buying amid high prices, full storage, and structural shifts toward […]
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Crude is not scarce. Diesel out of the Atlantic basin is — and the refineries that could make it are not where the barrels are, or configured to run them. American margins are near records while Asian margins have collapsed, and that gap is doing more to set the price at your pump than the […]
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As of early November 2026, U.S. drilling activity shows modest weekly stability or small declines depending on the source, set against a solidly higher year-over-year base. Baker Hughes reported its closely watched weekly rotary rig count at 603 for recent weeks ending in late October (unchanged week-over-week and up roughly 53 from about 550 a […]
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Chevron is sharply increasing its exploration budget by roughly 50%, targeting more than $1.5 billion in 2026 compared with just under $1 billion in 2025. The move, driven by Vice President of Exploration Kevin McLachlan (recruited from TotalEnergies), marks a deliberate return to high-impact frontier basins after years of heavier focus on the U.S. Gulf […]
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On the night of October 30–31, 2026, Ukrainian long-range drones struck the Bashneft refining complex in Ufa, in Russia’s Republic of Bashkortostan, roughly 1,400–1,600 kilometers from the front lines. The attack came as Russian forces simultaneously hit Ukrainian energy infrastructure, leaving hundreds of thousands of households without power as winter approaches.BloombergKyivpost Bloomberg reported that Ukraine […]
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ENB Publishers Note: This article first ran on Andrew Korybko’s Newsletter on Substack. It has some interesting points and we recommend subscribing and looking at the world from all viewpoints as it seems that you need to search for the truth in between different publications. We are also seeing a dramatic link between the left […]
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The war is in its ninth month and the United States has never taken Kharg. It did not have to: the blockade drove Iranian seaborne crude to zero with no American ground casualties, which is exactly what a seizure was supposed to deliver. The question worth asking is not whether America could hold the island. […]
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Europe’s refinery rethink is real, smaller than the headlines, and exactly the argument California needs to hear. The state cut 21.5% of its refining capacity in seven years, 64% of the entire national decline, and now buys a fifth of its gasoline across a three-week ocean voyage with no pipeline to fall back on. By […]
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Downstream produced 49.7% of Chevron’s third-quarter earnings on 7.8% of its capital spending. The refineries ran at 98% of capacity to do it, and nobody will say what the maintenance bill is. By Energy News Beat | Oct. 30, 2026 | Chevron Q3 2026 earnings release, read Oct. 30, 2026; EIA monthly data through August […]
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ExxonMobil made $7.169 billion refining and $7.088 billion pumping oil in the third quarter, the first time in at least six years the refineries won, with its Gulf Coast crude units at 100%. What it costs to keep them there is the one number neither ExxonMobil nor Chevron will publish. By Energy News Beat | […]
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