In a dramatic escalation announced today, Iran’s top joint military command — the Khatam al-Anbiya Central Headquarters — declared the Strait of Hormuz closed to all vessel traffic. The move was framed as the “first step” in response to alleged breaches of a recent ceasefire/MOU agreement by the United States and Israel, specifically tied to […]
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U.S. drilling activity remains resilient with modest gains reported in the latest industry-standard data, while Canada shows stronger momentum. Sources differ in methodology and absolute counts, highlighting the value of cross-referencing multiple providers. Here’s a comprehensive breakdown drawing from Baker Hughes (the longstanding industry benchmark), Enverus (daily GPS-based tracking), and the detailed WellDatabase report you […]
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Energy Security Starts at Home, and your energy dominance is displayed through your exports. Joe Raia, Chief Commercial Officer at Abaxx Exchange, had a fun interview as he stopped by to give us an update. As a commercial tanker captain who moved into commodities trading, he has the knowledge and background to help guide the […]
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ENB Pub Note: This is an interesting article from Andrew Korybko’s Newsletter on Substack. Times are changing fast, and the trading blocs are in a full change mode. Trump believes that it’s now possible to obtain the “holy grail” that eluded the US even during the heyday of its unipolar hegemony in the 1990s due […]
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Iran is tightening its grip on the Strait of Hormuz, the world’s most critical oil chokepoint, with new rules requiring ships to obtain permission and secure insurance from Tehran. This move explicitly paves the way for future tolls, even as a fragile U.S.-Iran memorandum of understanding (MOU) signed earlier this week aimed to normalize flows. […]
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Ukraine launched one of its largest drone attacks on Moscow since Russia’s full-scale invasion began in 2022, striking the Kapotnya (Moscow) Oil Refinery for the second time in less than a week. The assault caused fires, explosions, and significant disruption in the Russian capital, while also hitting targets in the Rostov region and occupied Ukrainian […]
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10 big stories on the Energy News Beat Stand Up It is a wild day on the Energy News Beat Stand Up. Make no mistake, time will tell if the Strait of Hormuz is open, but do not underestimate the importance that the Bank of London and Lloyds of London play in opening the Strait […]
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US physical crude prices are easing as the wartime risk premium fades and Middle Eastern barrels prepare to return to global markets. The shift comes amid clear signs of de-escalation in the US-Iran conflict, including the passage of Iranian tankers past the US naval blockade today and the resumption of flows through the Strait of […]
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Wall Street banks are rapidly revising downward their oil price forecasts following the U.S.-Iran interim agreement to end hostilities, reopen the Strait of Hormuz, and ease restrictions on Iranian oil exports. The news has already triggered a sharp sell-off in crude prices, with Brent crude falling to around $80–81 per barrel as of June 16, […]
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You can’t change the spots on a leopard, and the IRGC will not change. The world is adding plans for a long-term problem in the Strait of Hormuz, and we cover the next steps to ensure Energy Security. Countries are not holding their breath and realize that energy security is taking center stage amid so […]
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