In a significant victory for American energy production and common sense, a federal judge has rejected California’s latest attempt to shut down Sable Offshore Corp.’s operations, allowing the company to continue moving domestically produced crude oil through its pipeline system. The ruling underscores the ongoing tension between California’s aggressive anti-oil policies under Governor Gavin Newsom […]
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Following Chevron, ExxonMobil, EQT, and Liberty Energy, Ford is rolling in as a hyperscaler and entering the utility market The AI power crunch is creating unlikely heroes across the energy landscape. While hyperscalers scramble for gigawatts that the grid simply cannot deliver fast enough, traditional energy giants have already stepped up with gas-fired generation, carbon […]
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In the wake of the ongoing 2026 Strait of Hormuz crisis, a growing number of tankers and commercial vessels are deliberately switching off their Automatic Identification System (AIS) transponders—commonly known as “going dark”—to navigate the world’s most critical energy chokepoint. There is a difference between “Going Dark” and a Tanker in the Dark Fleet” – […]
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In a wide-ranging Bloomberg Surveillance interview aired today, Chevron Chairman and CEO Mike Wirth painted a sobering picture of ongoing disruptions in the Strait of Hormuz while signaling that the industry is accelerating plans for alternative infrastructure to reduce reliance on the critical chokepoint. Wirth confirmed that multiple vessels transiting the Strait of Hormuz have […]
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In a stark alert to markets, top executives from ExxonMobil and Chevron have highlighted an impending physical oil supply crunch that could drive Dated Brent crude prices sharply higher—potentially to $150–$160 per barrel—within the coming weeks. The warnings center on critically low global inventories of crude and refined products, exacerbated by the ongoing closure of […]
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In a notable development underscoring shifting global energy trade flows amid ongoing Middle East tensions, a cargo of crude oil drawn from the U.S. Strategic Petroleum Reserve (SPR) is heading to California for the first time ever, according to ship-tracking firm Kpler. The shipment involves approximately 460,000 barrels of Bayou Choctaw Sweet crude destined for […]
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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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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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A viral post on X by Pascal Najadi (@JfkPascalNajadX) on May 19, 2026, has reignited discussion: “ MASSIVE DEVELOPMENT: At least 121 EMPTY OIL TANKERS are making their way to the United States of America right now. 68 of them can carry 2 MILLION BARRELS EACH. Holy smokes! We are the world’s gas station now! […]
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$6 gas and refinery fears collide with California’s climate ambitions By Alejandro Lazo, CalMatters The Chevron refinery in Richmond is located behind a nearby neighborhood on Feb. 21, 2024. Photo by Loren Elliott for CalMatters This story was originally published by CalMatters. Sign up for their newsletters. California is considering handing oil refineries and other […]
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