As oil prices surge past $100 per barrel amid escalating tensions in the Middle East, particularly the conflict involving Iran and disruptions in the Strait of Hormuz, the global energy market is facing unprecedented volatility. Brent crude briefly topped $110 in early March 2026, marking the first time in nearly four years that prices have […]
Continue ReadingIn the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration (EIA) for the week ending January 9, 2026, U.S. commercial crude oil inventories (excluding the Strategic Petroleum Reserve) saw a notable increase of 3.4 million barrels, reaching a total of 422.4 million barrels. This build defied market expectations of a drawdown and […]
Continue ReadingIn an era of geopolitical tensions, supply disruptions, and shifting energy dynamics, strategic oil reserves have emerged as critical buffers for global markets. China\’s aggressive crude stockpiling strategy has played a pivotal role in stabilizing oil prices and mitigating risks from sanctions and conflicts. But how exactly has this provided a safety net? And could […]
Continue ReadingIn a surprising turn for energy markets, the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration (EIA) reveals a drawdown in U.S. commercial crude oil inventories, challenging the prevailing narrative of an oil glut that has weighed on prices in recent months. For the week ending October 17, 2025, crude stocks fell […]
Continue ReadingDaily Standup Top Stories EU’s Climate Rules Have Caused a Response from the US and Qatar, Issuing Trade Threats October 22, 2025 Clark Savage In an escalating tension over global energy trade, the European Union’s push for stringent climate and sustainability regulations has drawn sharp rebukes from major LNG suppliers, the United States, and Qatar. Both […]
Continue ReadingIn a move aimed at bolstering national energy security, the United States needs to push forward with plans to replenish its Strategic Petroleum Reserve (SPR), which has been significantly depleted in recent years. President Donald Trump\’s administration has prioritized refilling the reserve, signaling a shift from previous drawdowns to a strategy focused on long-term preparedness […]
Continue ReadingSanctions don’t work as intended – Irina Slav – and boy is she right as usual. President Trump is about to step into a pile of Tariff-poo, and that is a technical term. His advisors are ill-informed on the Russia solutions, while his domestic team is on target and running smoothly. We have the greatest […]
Continue ReadingIn a move highlighting the vulnerabilities in the U.S. oil supply chain, ExxonMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address quality issues with Mars crude, a key Gulf of America oil grade. This borrowing aims to prevent potential disruptions at the company\’s […]
Continue ReadingThe U.S. Department of Energy (DOE) has delayed plans to replenish the Strategic Petroleum Reserve (SPR) by seven months, pushing back significant repurchasing efforts to mid-2025. This setback, driven by rising oil prices and budgetary constraints, raises concerns about the nation’s energy security at a time of global market volatility. Below, we explore the reasons […]
Continue ReadingDaily Standup Top Stories Saudi Arabia Spends Like Oil’s Still at $90 May 12, 2025 Clark Savage ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […] Republicans Push to Refill […]
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