Category: Energy Crisis

Iraq Suspends Crude Loading at All Export Terminals, Impacting ~4 Million Barrels per Day – Incident at Basra Terminals in the Persian Gulf, Not a Strait of Hormuz Closure

Clark Savage428

Iraq has suspended crude oil loading operations at all its southern export terminals following a drone incident at the Basra (Basrah) terminal complex in the Persian Gulf. The move affects a significant portion of the country’s exports, which normally average around 3.3–3.6 million barrels per day (bpd) via these facilities (with some market commentary citing […]

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All of Russia’s Major Refineries Now Within Reach: Ukraine’s Drone Campaign Triggers Deepening Energy Crisis

Clark Savage586

A pivotal shift occurred overnight on July 14–15, 2026. Ukraine struck the Gazprom Neftekhim Salavat refinery in Bashkortostan — previously Russia’s last major untouched gasoline production facility — along with the Afipsky refinery in Krasnodar Krai. Drones traveled over 1,500 km to hit primary processing units at Salavat, igniting fires and knocking out its full […]

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The Iran War Turns Regional: Tanker Attacks, Naval Blockades, Drone Strikes, and Surging Oil Prices

Clark Savage432

The conflict involving Iran has rapidly expanded beyond direct U.S.-Iran clashes into a broader regional war, with proxy actions, naval disruptions, and threats spanning the Persian Gulf, Strait of Hormuz, Yemen, and even the Caribbean. Oil prices are climbing on heightened supply risks, with Brent crude recently trading around $83–85 per barrel amid fresh attacks […]

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Axios Confirms Cuba Has Acquired Over 300 Military Drones from Iran and Russia: Implications for Regional Energy Security

Clark Savage763

In May 2026, Axios reported on classified U.S. intelligence indicating that Cuba has acquired more than 300 military attack drones from Russia and Iran since 2023. The drones are stored at strategic locations across the island, with Cuban officials recently seeking additional units and equipment from Russia. This development, amplified in recent social media discussions, […]

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California is ramping its war with the White House over Energy

Clark Savage175

California is escalating its legal and political confrontation with the Trump administration over energy policy. As detailed in a recent OilPrice.com analysis, Governor Gavin Newsom’s administration and state officials are pushing back hard against federal actions favoring fossil fuels, including the reallocation of offshore wind funds, challenges to the California Coastal Commission, and the use […]

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Progressives and Socialist Democrats set to recharge the Green New Deal for the AI era

Clark Savage221

A fresh wave of progressive Democrats, including self-described democratic socialists, is poised to reshape the Democratic Party’s approach to climate and energy policy. Fresh off primary victories that unseated moderate incumbents in safe blue districts, these lawmakers aim to revive and expand the Green New Deal (GND) to address the explosive energy demands of artificial […]

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Russia’s Fuel Crisis Just Reached New Levels, and Second-Order Impacts Will Be Global

Clark Savage918

Russia’s domestic fuel shortage has escalated dramatically in July 2026, moving beyond diesel queues at gas stations to kerosene shortages, grounded or limited flights, and export bans on key refined products. Ukrainian drone strikes on refineries and the shadow fleet tankers are removing substantial refined product supply from both domestic and global markets. This is […]

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QatarEnergy Slowing Ramp Up: Delays Tighten Global LNG Markets Ahead of Winter

Clark Savage371

QatarEnergy has paused its aggressive ramp-up plans at the Ras Laffan LNG complex following a recent tanker attack in the Strait of Hormuz, prioritizing security over speed. This decision delays the critical LNG supply that the market had been counting on for the upcoming winter season. According to market analyst Jack Prandelli (@jackprandelli), QatarEnergy had […]

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