The warning signs are flashing brighter than ever. What began as a major supply disruption in the Middle East has rapidly evolved into a tightening global oil market where inventories are being drawn down at a record pace — and critically, not all of those barrels are actually accessible. A new analysis from Oilprice.com highlights […]
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Havana is literally in the dark. On May 14, 2026, Cuba’s communist Energy and Mines Minister Vicente de la O Levy delivered a stark admission: “We have absolutely no fuel oil, absolutely no diesel.” Power plants sit idle. Blackouts in the capital now stretch 20–22 hours a day, with electricity flickering on for as little […]
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The UK government has confirmed it will introduce legislation to permanently ban new North Sea oil and gas exploration licenses, embedding Energy Secretary Ed Miliband’s existing moratorium into law through the Energy Independence Bill. The move, announced in the King’s Speech on 13 May 2026, fulfills a core Labour Party manifesto pledge to position Britain […]
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The United Nations’ Intergovernmental Panel on Climate Change (IPCC) has quietly conceded that the extreme “doomsday” climate scenarios that have driven global energy policy, media headlines, and trillions in spending for more than a decade were never realistic. In a major update to its modeling framework for the upcoming Seventh Assessment Report (CMIP7), the IPCC […]
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The International Energy Agency (IEA) has delivered a stark warning: global oil demand is now on track to contract sharply in 2026 amid the ongoing Strait of Hormuz supply shock triggered by the Iran war. What began as a geopolitical disruption has morphed into a full-blown demand destruction event, with high prices, scarce supplies, and […]
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ENB Pub Note: Just a friendly reminder that we have been tracking a national security issue in California. The following is from Ronald Stein on America Outloud, and we recommend following and subscribing! California is the 4th largest economy in the world and an “ENERGY ISLAND that is isolated from the other 49 States by […]
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A viral X post from @WallStreetApes on May 11, 2026, has spotlighted a growing tension in rural Georgia: the use of eminent domain by Georgia Power to acquire land and easements for high-voltage transmission lines. The lines are needed to support surging electricity demand, much of it from new hyperscale data centers driven by the […]
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As the U.S.-Israeli conflict with Iran disrupts key Middle East energy routes and chokes global liquefied natural gas (LNG) supplies, Asia’s top LNG importers are turning back to coal to keep the lights on. Spot LNG prices have roughly doubled, while Asian LNG imports have fallen sharply—the biggest drop since 2022—prompting utilities across the region […]
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Australia’s own Treasury has run the numbers on a nightmare escalation of the Iran conflict — and the result is a doomsday scenario that would send global oil prices to $200 a barrel, throw the world economy into chaos, and expose just how fragile Australia’s energy position has become. In its annual budget papers released […]
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This means restoring normal supply-demand equilibrium, rebuilding severely depleted global inventories, repositioning tankers and supply chains, restarting/rebalancing production flows, ending demand rationing/destruction, and removing the geopolitical risk premium that has driven price volatility and tightness. Nasser emphasized that simply reopening shipping routes (like the Strait of Hormuz) is not the same as market normalization, due […]
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