Europe is staring down a jet fuel supply crunch that could disrupt summer travel as early as June, with imports from the Middle East — historically its largest external source — completely halted this month. California, already grappling with refinery closures and heavy reliance on strained Asian imports, is only weeks behind, with tanker tracking […]
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President Donald Trump stated Tuesday that Iran is eager to reopen the Strait of Hormuz “as soon as possible” as Tehran grapples with its leadership situation and internal “State of Collapse” amid ongoing U.S.-Iran negotiations to end the two-month war. In a Truth Social post, Trump noted that Iran has proposed the U.S. lift its […]
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The European Union’s energy policymakers have spent years touting their “REPowerEU” strategy as a masterstroke of independence from Russian fossil fuels. Yet in March 2026—mere weeks after the EU began rolling out its formal ban on short-term Russian LNG purchases—the bloc imported more Russian liquefied natural gas than in any month on record. According to […]
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In a landmark testimony before the Senate Appropriations Subcommittee and follow-up statements, U.S. Treasury Secretary Scott Bessent has outlined a bold new strategy: expanding permanent dollar swap facilities with Gulf and Asian allies to reinforce U.S. dollar dominance amid global energy shocks. This comes as the traditional petrodollar framework—anchored by a 50-year arrangement with Saudi […]
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This is not a rumor—it’s confirmed today (April 28, 2026) via the state-run Emirates News Agency (WAM). The move ends nearly 60 years of membership in OPEC (a founding member) and marks the most significant fracture in the cartel in decades. The official rationale, per WAM and UAE Energy Ministry statements, is a “comprehensive review […]
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In a stark update released on April 26, 2026, Goldman Sachs has significantly raised its oil price forecasts, citing unprecedented supply disruptions in the Persian Gulf. The investment bank now expects Brent crude to average $90 per barrel and West Texas Intermediate (WTI) to hit $83 per barrel in Q4 2026—up sharply from its prior […]
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In the latest OilPrice.com analysis by Irina Slav (published April 27, 2026), warnings about permanent oil demand destruction are pouring in amid the ongoing Middle East conflict. These warnings align directly with a widely discussed X post from commodities trader @CRUDEOIL231 (April 28, 2026), which highlights exponential cumulative shut-ins in the Middle East. The post […]
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The Trump administration announced two new landmark agreements today with offshore wind developers Bluepoint Wind and Golden State Wind, marking the latest step in redirecting capital from subsidized, intermittent renewable projects toward reliable oil, natural gas, and LNG infrastructure. Under the deals, the companies will voluntarily relinquish federal offshore wind leases originally awarded during the […]
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Satellite observations from the Payne Institute for Public Policy at the Colorado School of Mines reveal a notable divergence in upstream gas flaring trends across the Middle East in early 2026. While countries like Iraq, the UAE, Qatar, and Saudi Arabia showed sharp declines in flaring activity amid regional conflict, Iran registered a net increase […]
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ENB Pub Note: This article was first run on America Outloud by Ronald Stein, and we recommend signing up for his newsletter and reading America Outloud. Executive Orders in the United States are moving the country away from electric vehicles (EVs) and wind and solar electricity systems. Executive Orders issued by President Trump on January 20, […]
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