An Asia-bound supertanker carrying Saudi crude has taken the longer, more expensive route out of the Red Sea through the Suez Canal rather than risk the Bab el-Mandeb Strait, even as other vessels—particularly those with Chinese links—continue to test the waterway amid Houthi threats and a declared blockade on Saudi-linked shipping. The very large crude […]
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A leaked report commissioned by the UK’s National Energy System Operator (Neso) has raised serious alarms that the country’s aggressive net zero transition is increasing the risk of blackouts while driving up electricity costs for consumers. Produced by energy consultancy Cornwall Insight and shared with The Times by a whistleblower, the document highlights how the […]
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Expand Energy Corporation (NASDAQ: EXE), North America’s largest natural gas producer, announced on July 27, 2026, that it has agreed to acquire Twin Eagle Holdings, N.A., LLC, a leading private asset-backed natural gas marketing and optimization business, for $1.25 billion from Five Point Infrastructure. The deal, subject to customary adjustments, closing conditions, and regulatory approvals, […]
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In a sharp escalation of regional conflict, Saudi Aramco’s critical oil infrastructure has come under direct assault, with drone and missile strikes hitting key facilities on the kingdom’s eastern and western coasts. Combined with a pullback by major marine insurers at Lloyd’s of London on wartime coverage for Saudi-linked tankers in the Red Sea, these […]
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German companies are delaying investments and increasingly eyeing production moves abroad as stubbornly high energy costs erode competitiveness, according to the latest survey from the German Chambers of Industry and Commerce (DIHK). The findings, highlighted in a July 27, 2026 Bloomberg report drawing on the DIHK’s Energiewende Barometer 2026, underscore deepening structural pressures from Germany’s […]
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Less than a month ago, the dominant story in oil markets was a looming glut. Analysts pointed to recovering tanker traffic through the Strait of Hormuz after a brief U.S.-Iran ceasefire, rising non-OPEC supply, and expectations of softer prices. That narrative has been obliterated. Missiles are flying again, key chokepoints are effectively blocked, refined-product markets […]
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Back-to-back heat waves sweeping the United States are pushing electricity grids to a tipping point, as temperatures topping 100°F (38°C) drive households to max out air conditioners while a surge in around-the-clock demand from AI data centers and factories shrinks power reserves and strains decades-old transmission equipment. This is emerging as the new normal for […]
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In the shadow of the ongoing Iran conflict that has repeatedly disrupted the Strait of Hormuz, Saudi Arabia’s East-West Pipeline (also known as the Petroline) has proven a critical lifeline. Built roughly 40 years ago and restored to a maximum capacity of about 7 million barrels per day (bpd) earlier in 2026, this conduit moves […]
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Iran’s ballistic missile threats have expanded beyond the Middle East into Europe, with Ukraine becoming the latest target after the United Kingdom. This escalation ties directly to Tehran’s strategic partnership with Moscow and the defense of critical Caspian Sea trade and military logistics routes that sustain both nations amid ongoing conflicts and sanctions. On July […]
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Wind and solar are key, but not in existing grid deployments. This article was first run on the Energy News Beat Substack. Global electricity generation is set for a massive expansion. According to OPEC’s World Oil Outlook (matching the chart data for 2025–2050), total generation rises from about 32,017 TWh in 2025 to roughly 59,500 […]
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