In the high-stakes world of global oil, timing and persistence can make all the difference. While ExxonMobil and ConocoPhillips spent nearly two decades on the sidelines after Venezuela’s 2007 nationalizations, Chevron quietly maintained its foothold through joint ventures and U.S. licenses. Now, with major political shifts in Caracas and a clear push from the Trump […]
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The 2026 Iran war has triggered what the International Energy Agency (IEA) calls the “largest supply disruption in the history of the global oil market.” Iran’s effective closure of the Strait of Hormuz—through which roughly 20% of the world’s oil and significant LNG volumes flow—has upended global energy supplies. Over 50 countries have implemented emergency […]
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ENB Pub Note: This article is from Andrew Korybko’s Substack newsletter, and we recommend following and subscribing. Absent a deal with Trump, which Putin could be further induced to agree to if Trump promises to reduce US pressure on some – but not all – of these countries, Russia might lose all 15 of these partners […]
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ExxonMobil (NYSE: XOM) released its first-quarter 2026 financial results this morning, showcasing a company built for volatility. Despite significant one-time impacts from Middle East disruptions tied to the February 28 conflict, underlying performance remained robust, driven by higher commodity prices, record production in key assets, and disciplined execution. Financial Highlights GAAP earnings: $4.183 billion, or […]
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Chevron Corporation (NYSE: CVX) delivered a solid first-quarter performance, beating analyst expectations on adjusted earnings per share despite a year-over-year decline in reported profits, ongoing Middle East disruptions tied to the Iran conflict, and significant one-time timing effects from financial hedges. The results highlight the resilience of Chevron’s diversified portfolio, record U.S. production growth, and […]
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In a major win for North American energy infrastructure and U.S. energy security, President Donald Trump signed a presidential permit on April 30, 2026, authorizing the cross-border segment of the Bridger Pipeline Expansion project. This initiative effectively revives key elements of the canceled Keystone XL (KXL) pipeline, enabling the transport of Canadian crude oil into […]
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As Europe races to eliminate its remaining dependence on Russian natural gas by late 2027, a long-dormant project is suddenly back in the spotlight. The proposed Trans-Caspian Pipeline (TCP) — a roughly 300-kilometer subsea link across the Caspian Sea from Turkmenistan to Azerbaijan — could deliver a significant new source of non-Russian pipeline gas to […]
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For two decades, governments, corporations, and activists have poured trillions into wind, solar, batteries, and hydrogen as the path to a “clean” energy future. The result? According to U.S. Energy Secretary Chris Wright, the world has spent roughly $10 trillion—yet wind and solar deliver only about 3% of global primary energy consumption. And nobody is […]
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A viral video circulating on X (formerly Twitter) from user @lily95075891 highlights the alarming state of Hoover Dam and the Colorado River system, warning of a potential “dead pool” scenario that could endanger water and power for millions of Americans while crippling agriculture. The post, shared amid growing concerns over the Southwest’s megadrought—the worst in […]
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California’s fuel markets are in crisis. Refineries across the state are running flat-out on jet fuel and diesel to chase record-high margins, while gasoline output is being deliberately cut — even as pump prices surge toward all-time highs near $6 per gallon. The shift comes at the worst possible moment: two major refinery closures have […]
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