China’s push to bring a second dedicated import terminal online for cargoes from Russia’s sanctioned Arctic LNG 2 project underscores strong underlying demand for liquefied natural gas (LNG) in the world’s largest buyer. The move highlights Beijing’s willingness to absorb discounted but geopolitically exposed supply to meet structural needs, even as stable alternatives like Qatar […]
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Energy Security Starts at Home, and your energy dominance is displayed through your exports. Joe Raia, Chief Commercial Officer at Abaxx Exchange, had a fun interview as he stopped by to give us an update. As a commercial tanker captain who moved into commodities trading, he has the knowledge and background to help guide the […]
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ENB Pub Note: This is an interesting article from Andrew Korybko’s Newsletter on Substack. Times are changing fast, and the trading blocs are in a full change mode. Trump believes that it’s now possible to obtain the “holy grail” that eluded the US even during the heyday of its unipolar hegemony in the 1990s due […]
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In one of the most significant escalations yet in Ukraine’s campaign against Russian energy infrastructure, Ukrainian forces launched a massive drone assault on Moscow on June 18, 2026 — striking Gazprom Neft’s Kapotnya (Moscow) oil refinery for the second time in just days. Nearly 200 drones targeted the facility on the southeastern outskirts of the […]
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Ukraine launched one of its largest drone attacks on Moscow since Russia’s full-scale invasion began in 2022, striking the Kapotnya (Moscow) Oil Refinery for the second time in less than a week. The assault caused fires, explosions, and significant disruption in the Russian capital, while also hitting targets in the Rostov region and occupied Ukrainian […]
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Trump said the Iran agreement allows Washington to devote more attention to Ukraine and indicated he remains interested in pursuing a peace deal with Russia. Zelensky said G7 leaders showed unprecedented unity on the war and voiced optimism that the United States could provide additional Patriot missile support. Ukraine continues to combine diplomatic efforts with […]
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Ukrainian forces struck the Gazprom Neft-owned Moscow Oil Refinery (MNPZ) in the Kapotnya district early on June 16, 2026, igniting a fire at a facility just 15 kilometers (about 10 miles) from the Kremlin. The attack targeted Russia’s capital-region refining hub, which processes roughly 245,000–250,000 barrels per day (11–12 million tons annually) and supplies approximately […]
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Ukraine has shifted from broadly targeting refineries to striking specialized secondary processing units such as hydrocrackers, which are more difficult and time-consuming to replace. Repeated attacks on the same facilities are extending outages and reducing Russia’s ability to restore refining capacity quickly. Fuel shortages, export restrictions, and declining diesel output suggest a growing strain on […]
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In a landmark development for global energy markets, the United States has officially become the world’s number one exporter of oil (crude + refined products) and maintains its long-standing position as the top producer of both oil and natural gas. This shift, reported in early June 2026, marks a dramatic reversal from decades when the […]
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Russia is preparing to sharply reduce its crude oil exports in June, diverting more barrels to the domestic market as refinery disruptions, regional fuel shortages, and persistent Ukrainian drone strikes take a heavy toll on production and logistics. According to preliminary industry and trading data reported by Reuters and cited in OilPrice.com, crude loadings from […]
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