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Home2025June

Month: June 2025

Finance

ADNOC-led consortium makes $18.7bn takeover bid for Santos

June 16, 2025 Stu Turley

Middle EastOffshore Santos Australian energy major Santos has received a non-binding takeover proposal from a consortium led by the Abu Dhabi National Oil Company (ADNOC). The takeover offer by a consortium of ADNOC subsidiary XRG, […]

Big Oil Companies

Energy News Beat: BP Takeover Speculation Ignites as ADNOC Eyes Gas Assets – Should BP Relocate to the U.S. Before Selling?

June 15, 2025 Clark Savage

The energy world is buzzing with speculation as British oil major BP finds itself at the center of a potential takeover storm. The United Arab Emirates’ state-owned oil giant, Abu Dhabi National Oil Company (ADNOC), […]

Crude Oil News

Is Closing the Strait of Hormuz the ‘Apocalyptic’ Scenario for the Oil Market?

June 14, 2025 Clark Savage

The Strait of Hormuz, a narrow 21-mile-wide passage between Iran and Oman, is the world’s most critical chokepoint for oil and liquefied natural gas (LNG) trade. Often described as the “jugular vein” of global energy, […]

Diesel

Massive Fire at Marathon Oil Refinery in Texas City Sparks Supply Concerns and Consumer Impact

June 14, 2025 Clark Savage

Texas City, Texas – On June 14, 2025, a massive fire erupted at Marathon Petroleum’s Galveston Bay Refinery in Texas City, sending plumes of thick, toxic smoke into the sky and prompting a shelter-in-place order […]

Electric Vehicles

DAVID BLACKMON: Trump Ends Newsom’s Terrible Week By Killing His EV Mandate

June 14, 2025 Clark Savage

ENB Pub Note: This is an outstanding article from the Daily Caller and David Blackmon. We will cover this live on Monday morning on the Energy Realities Podcast. We recommen following David on his Substack, […]

Iranian State Media confirms South Pars hit - Source X
Crude Oil News

Israel Targets Iran’s South Pars Gas Field in Escalating Airstrikes, Iran Retaliates

June 14, 2025 Clark Savage

In a significant escalation of hostilities, Israel has reportedly launched airstrikes on Iran’s South Pars gas field, the world’s largest natural gas reserve, located in the Persian Gulf and shared with Qatar. According to IRGC-affiliated […]

Earnings

Automakers Pivot to Hybrids as EV Sales Lag Behind Expectations – Will the EV market bifurcate into Tesla vs. all the other hybrid manufacturers?

June 14, 2025 Clark Savage

For years, the automotive industry has been electrified by the promise of electric vehicles (EVs), with governments worldwide pushing for a transition away from internal combustion engine (ICE) vehicles through incentives, emissions regulations, and ambitious […]

Crude Oil News

Does OPEC+ Have the Spare Capacity to Cover an Iranian Oil Disruption? Implications for U.S. Consumers and Investors

June 14, 2025 Clark Savage

The Middle East is once again a powder keg, with tensions between Israel and Iran threatening to ignite a crisis in global oil markets. Following Israel’s recent airstrikes on Iranian targets, fears are mounting that […]

AI

The Energy Shakeup: Why Coal’s Back and Solar’s Cracking – ENB Weekly Recap

June 14, 2025 Andy Del Prado

Weekly Daily Standup Top Stories DAVID BLACKMON: On Energy, China Knows What The Rest Of Us Must Re-Learn June 7, 2025 Clark Savage ENB Pub Note: This article from David Blackmon is fantastic on The Daily […]

Finance

Money-Market Funds & CDs: Americans and their Piles of Interest-Earning Cash

June 13, 2025 Stu Turley

After inflation, “real” yields on money-market funds are near 2%, and households kept pouring cash into them. But CDs lost ground. By Wolf Richter for WOLF STREET. Balances in money-market funds held by households at the end of […]

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