ENB Pub Note: This article first ran on the Crude Truth Substack, and we recommend subscribing. The Crude Truth about Diesel and President Trump’s Executive Order. President Trump signed an executive order on October 5, 2026, temporarily allowing off-road “dyed” diesel for highway use and deferring the federal excise tax through year-end. The move targets […]
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ENB Pub Note: This article was originally published in Andrew Korybko’s Newsletter on Substack, and we recommend subscribing. In order to counterbalance the Mainstream Media’s bias, you have to do your own research. Getting local views from individual countries has really helped me see things in a real-world way, as opposed to what the media feeds […]
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On Thursday, September 24, 2026, Bloomberg reported that Oracle sent a force majeure notice to the developer of Project Jupiter — the 1,400-acre AI campus in Doña Ana County, New Mexico — in an effort to defer payments if the facility misses its planned 2028 in-service date. Shares of Oracle fell about 4–5%. Blue Owl […]
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Treasury Secretary Scott Bessent used a Monday appearance on CNBC’s Squawk Box to lay out the working-level results of weekend talks with Chinese Vice Premier He Lifeng — talks he described as a direct extension of the personal relationship between President Donald Trump and President Xi Jinping. Those discussions, held in New York the day […]
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President Donald Trump announced Monday that the United States is working on a “massive Deal” to purchase potash from Belarus at substantially lower prices than those paid to Canada. The move is a direct response to the breakdown in U.S.-Canada trade talks and another concrete example of an America First strategy that prioritizes American farmers, […]
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On September 16, 2026, European Commission President Ursula von der Leyen used her State of the Union address in Strasbourg to invite Canada to become the European Union’s first “associate member.” Canadian Prime Minister Mark Carney sat in the front row as guest of honor. The chamber gave him a standing ovation. Von der Leyen […]
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Russian forces launched another large missile-and-drone barrage on Ukraine’s Odesa region overnight September 11–12, 2026, hitting residential buildings, energy infrastructure, and the port complex that once moved the bulk of Ukraine’s grain and oilseed exports. Ukrainian officials reported at least 11 people killed and 96 injured nationwide, including a five-month-old infant in Odesa. Air defenses […]
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The Federal Reserve can raise rates. The Treasury can issue bills. Neither institution can weld a crude distillation unit back together after a drone strike, add inches to a California products pipeline, or refill Gatun Lake. That is the story of September 2026: crude is still findable; diesel is not. The constraint has moved downstream, […]
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How high they go from here, and how long they stay elevated, depends less on crude alone than on a global refining system that is already running near its limits. Energy analyst John Kemp noted Wednesday that the combined cost of U.S. crude and refining margins is now higher than in early April. So far […]
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Chinese refiners are stepping back into the crude market while flooding product markets with extra gasoline and diesel, just as the rest of the world is running short of both barrels and refining capacity. August data show crude imports rising 6.2% from July to 8.93 million barrels per day, while refined product exports jumped 29% […]
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