The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, remains one of the world\’s most vital energy arteries. In 2024, approximately 20 million barrels per day (b/d) of crude oil, condensate, and petroleum products transited this chokepoint, representing about 20% of global petroleum liquids consumption. Additionally, around one-fifth […]
Continue ReadingAs the world’s two largest oil importers grapple with geopolitical risks, supply disruptions, and the imperative of energy security, both China and India are pouring billions into boosting domestic oil and gas output. While progress varies sharply between the two Asian giants, the shared strategy underscores a long-term bet on self-reliance — even as new […]
Continue ReadingENB Pub Note: This is another interesting article from Andrew Korybko\’s Substack newsletter. The cascading consequences of such a blockade, which might not ultimately be imposed due it entailing a high risk of war with Iran, could simultaneously weaken Russia, India, and China. The Wall Street Journal reported that Trump 2.0 is considering imposing a Venezuelan-like oil […]
Continue ReadingThis article is from Andrew Korybko\’s Substack and Stu Turley will cover this on the next Energy News Beat Stand Up. The more pressure from the US military on the Dark Fleet appears to be an interesting way to end the Ukraine War. We will all be glad when that is done. A new US […]
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 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 […]
Continue ReadingENB Pub Note: This article is from Andrew Korybko\’s Substack and has some interesting points. The US might be disappointed, but India’s oil imports have always been driven by market conditions, and neither American nor Venezuelan oil is likely to replace Russian oil at scale anytime soon. The most scandalous part of the Indo-US trade deal was […]
Continue ReadingIn a significant development for global energy dynamics, U.S. President Donald Trump and Indian Prime Minister Narendra Modi announced a trade agreement on February 2, 2026, aimed at resetting bilateral relations strained by tariffs and oil sourcing disputes. This deal, which reduces U.S. tariffs on Indian goods from 50% to 18%, is tied to India\’s […]
Continue ReadingThe global energy crisis has exposed vulnerabilities in supply chains, driving up prices and underscoring the fragility of overreliance on imports. Energy security, once a secondary concern, is now a cornerstone of national policy, ensuring stable access to affordable resources amid disruptions. Countries are turning inward, ramping up domestic production to shield economies from external […]
Continue ReadingIn a bold escalation of its campaign against illicit oil trading, the United States has seized yet another vessel from the shadowy \”dark fleet\” — a network of aging tankers that evade international sanctions to transport crude from rogue regimes. The latest capture, the MT Veronica, marks the sixth such interdiction in recent weeks under […]
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