The green-steel project was sold as the industrial proof of Net Zero: replace coking coal with hydrogen, swap blast furnaces for electric arc furnaces, keep the mills, cut emissions, and lead the world. In Germany, the United Kingdom, and across the EU, that story is colliding with energy prices, missing hydrogen, cheap imported steel, and […]
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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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ENB Pub Note: This article first ran on the Energy News Beat Substack. The U.S. is facing an $89 billion liability in the wind industry that nobody is talking about. Scotland’s first commercial wind farm is being held up as proof that wind power can be circular. A Mott MacDonald report for ScottishPower Renewables says […]
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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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Business Secretary Jonathan Reynolds will meet Jaguar Land Rover chief executive PB Balaji and Unite general secretary Sharon Graham early this week to discuss thousands of expected job cuts at Britain’s largest carmaker. JLR has opened a voluntary redundancy program for salaried and management staff as it targets £1.7 billion in savings over two years. […]
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Michael Bloomberg has poured more than $1 billion into campaigns to retire coal plants in the United States and globally. In 2019, his philanthropies committed $500 million to the Beyond Carbon effort. In 2021, he launched a drive to close a quarter of the world’s remaining coal plants and cancel all proposed ones by 2025. […]
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The global diesel market is no longer just tight. It is rationing by price. This week the ICE gasoil crack — the difference between a barrel of crude and the diesel refined from it — hit a record $79 a barrel. In the United States, the diesel crack is trading well above $100 a barrel […]
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That is not a talking point. It is the arithmetic of an integrated energy market that Ottawa cannot wish away, and Washington already understands. Smith’s warning, circulating widely after her CBC Power & Politics appearance and a clip posted by Stephen Taylor, is blunt: Alberta businesses will be hurt more by Canada’s own counter-tariffs than […]
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Energy News Beat | August 27, 2026 The U.S. diesel market is doing what tight commodity markets always do: it is advertising the shortage in the only language that matters — price. For the week ending August 21, EIA distillate stocks fell 2.2 million barrels, or 2.1%, to 103.4 million barrels. That is the lowest […]
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Prime Minister Mark Carney’s government has accelerated efforts to deepen Canada’s economic and security ties with the European Union, framing diversification as essential amid escalating trade friction with the United States. Official statements and actions indicate a strategic pivot toward Europe (and select other partners) rather than prioritizing new comprehensive U.S. trade arrangements beyond existing […]
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