Supertankers are racing into the Persian Gulf for record fees, and that single migration is redrawing how crude moves. More than 40 percent of the world’s roughly 850 very large crude carriers are now inside the Gulf or within a couple of days’ sail of it, according to Signal Ocean data cited by Bloomberg. Empty […]
Continue Reading
Crude is moving again through the Strait of Hormuz. The fuel Americans actually buy is not. That is the gap David Blackmon flags in his October 7 Forbes piece, “Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating,” and the data behind it explain why pump prices remain stuck near records even as headlines […]
Continue Reading
Russell Hardy did not wake up on October 6 and decide to scare a room full of energy executives. He runs Vitol, the biggest independent oil trader on the planet, and he was describing what his people are actually seeing when they try to move barrels. The seven-month war involving the United States, Israel, and […]
Continue Reading
Crude dipped below $98 Tuesday on recovering Middle East exports and a G7 stockpile release, then climbed back to $100. Gasoline is still $4.37 and diesel $6.32. Nearly 20 ship attacks in a month, “scarily thin” inventories and an SPR at a 44-year low say the relief is fragile. On paper, Tuesday looked like relief. […]
Continue Reading
ENB Pub Note: This article is from Peter Clack’s great X account. @PeterDClack. We highly recommend following him, as he has a wealth of great insights, and we are trying to get him on the podcast. When you add in intentional migration and population and cultural replacement, you can see the total intentional destruction of […]
Continue Reading
The 2026 Virginia Energy Plan’s cheapest system-cost path is the one that allows new gas. Every clean pathway costs more on the bill, then wins only after a carbon adder. Governor Abigail Spanberger released the 2026 Virginia Energy Plan on October 1 and called it a path to affordable, reliable, local clean power. The modeling […]
Continue Reading
Record VLCC rates now equal about $33 a barrel — 27 percent of delivered crude — and history shows that energy shocks plus Fed tightening are how demand destruction turns into recession. Especially after the Fed raises rates during an energy crisis, recessions follow. Patterns in finance matter, just like physics matters to the grid. […]
Continue Reading
ENB Pub note: This article first appeared on the Energy News Beat Substack, and we reached out to Peter Clack about appearing on the Energy Realities or Energy News Beat Podcast. If you want to leave a comment, subscribe to the Energy News Beat Substack. The world is running out of easily accessible high-grade ores, […]
Continue Reading
Global electricity demand is growing faster than the grids that have to carry it. The constraint is no longer just generation. It is the hardware that steps voltage up and down—large power transformers and the related substation gear—and the industrial base that used to build them. The International Energy Agency’s Electricity 2026 report puts global […]
Continue Reading
LNG Canada will again source major modules from a Chinese state-owned fabricator for its $33 billion Phase 2 expansion in Kitimat, B.C., even as Canadian primary steel producers idle lines and issue layoff notices under U.S. tariffs and persistent import pressure. Prime Minister Mark Carney has left the steel decision to the project owners while […]
Continue Reading