In a move that has heightened tensions in one of the world\’s most critical energy corridors, Iranian authorities have seized a foreign oil tanker in the Gulf of Oman on suspicion of fuel smuggling. The incident, announced by the Chief Justice of Hormozgan Province, involves the confiscation of a vessel allegedly carrying 2 million liters […]
Continue ReadingThe U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from Goldman Sachs has cast a shadow over this narrative. In an interview with Bloomberg TV, Daan Struyven, head of oil […]
Continue ReadingIn a series of escalating attacks that underscore the fragile security in Iraq\’s oil-rich regions, drone strikes have targeted multiple oilfields in the semi-autonomous Kurdistan area, leading to the shutdown of up to 200,000 barrels per day (bpd) of crude production. These incidents, attributed to Iran-aligned militias, come amid longstanding disputes over oil revenue sharing […]
Continue ReadingDaily Standup Top Stories Wind and Solar\’s Day of Reckoning is Approaching. Oil and Gas are booming making the Net Zero energy transition impossible Stu Turley Energy Secretary Chris Wright Says Withdrawal from IEA Is Now on the Table July 16, 2025 Clark Savage In a bold move that underscores the Trump administration’s pro-fossil fuel stance, […]
Continue ReadingIn an era where global leaders and environmental advocates push aggressively for Net Zero emissions by 2050, the reality on the ground tells a starkly different story. Oil and gas production are not just holding steady—they\’re booming. Major producers like the UAE, Iraq, Saudi Arabia, Brazil, Guyana, and even Norway are ramping up output, with […]
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 ReadingThis article is from Andrew Korybko\’s Newsletter on Substack. He sent it to me, and after reviewing it, I think he is right. President Trump\’s domestic advisers are on fire, on target, and executing his plan. It is very clear that the Trump Adminstration\’s advisors leading the Russian / Ukraine conflict are totally uninformed and […]
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 ReadingAs the global energy market navigates geopolitical tensions, Russia\’s crude oil shipments have shown a notable rebound in recent weeks, even as the shadow of potential new U.S. sanctions looms large. With President Donald Trump issuing a stark ultimatum tied to the ongoing Russia-Ukraine conflict, the implications for Russia\’s oil and liquefied natural gas (LNG) […]
Continue ReadingIn an era where headlines often trumpet the impending demise of fossil fuels, the reality on the ground tells a different story. Global oil consumption shattered records in 2024, climbing to 101.8 million barrels per day (bpd), a 0.7% increase from the previous year and marking an all-time high. This surge, primarily driven by non-OECD […]
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