Oil markets swung lower on Tuesday as Qatar and U.S. Treasury Secretary Scott Bessent pointed to advancing mediation efforts aimed at a short-term arrangement between the United States and Iran, centered on reopening the Strait of Hormuz. The chokepoint, which normally handles roughly one-fifth of global oil and LNG supplies, has been heavily disrupted since […]
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New York City’s lights increasingly depend on a pair of half-century-old floating power plants that were never meant to run this hard. The Gowanus and Narrows barge-mounted generating stations, moored off Brooklyn in the Upper Bay, serve as the city’s last line of defense against blackouts. As intense heat waves and rising demand strain the […]
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High fuel prices are likely to persist even if crude oil prices ease in the coming months. Global refining capacity remains critically constrained by the ongoing wars involving Iran (including the Strait of Hormuz disruption under Operation Epic Fury) and Russia-Ukraine, according to warnings from the chief executives of ExxonMobil and Chevron. On recent earnings […]
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A liquefied natural gas (LNG) tanker loaded with Qatari cargo was struck by a projectile while transiting the Strait of Hormuz overnight, marking another escalation in attacks on critical energy shipping and raising fresh alarms about supply security for the world’s second-largest LNG exporter. Security consultancies Vanguard Tech and Marisks identified the vessel as the […]
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“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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Electricité de France (EDF) has shut down the Golfech-2 nuclear reactor in southern France as a blistering heatwave drives temperatures toward 40°C across parts of Europe. This is the latest in a record number of heat-related outages hitting France’s nuclear fleet this summer, curbing output from what remains the backbone of Europe’s electricity system. EDF […]
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ENB Pub Note: This article first ran on America Outloud by Ronald Stein and Mike Ariza, and both have been on the Energy News Beat Podcast and should be followed! This is urgent. With the loss of transportation fuel supplies from Asian refineries resulting from the Iranian War and California’s huge dependency, the 4th largest economy […]
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California’s energy debate often rests on a convenient narrative: gasoline and diesel demand is falling, so aging refineries can—and should—simply close. A recent CalMatters commentary by Ranjit Deshmukh, an environmental studies associate professor at UC Santa Barbara, advances exactly this view. Titled in essence “Aging oil refineries don’t need more public dollars. California should let […]
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ENB Pub Note: This article was first published on the Energy News Beat Substack. Head over there to comment. Tough times ahead, and countries are picking sides. The world’s energy system is under simultaneous assault from geopolitics and policy ideology. Critical oil and gas flows through maritime and pipeline chokepoints are disrupted or rerouted at […]
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Tanker traffic through the Bab el-Mandeb Strait at the southern entrance to the Red Sea has slumped to a multi-month low, underscoring how Yemen’s Iran-aligned Houthi threats and recent attacks continue to disrupt one of the world’s most critical oil shipping lanes. According to vessel-tracking data, only 11 commodity-carrying vessels—including just seven oil tankers (four […]
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