Russia is preparing to sharply reduce its crude oil exports in June, diverting more barrels to the domestic market as refinery disruptions, regional fuel shortages, and persistent Ukrainian drone strikes take a heavy toll on production and logistics. According to preliminary industry and trading data reported by Reuters and cited in OilPrice.com, crude loadings from […]
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Nigeria’s Dangote Petroleum Refinery has officially broken ground on a second 700,000-barrels-per-day (bpd) crude processing unit at its Lekki complex outside Lagos. The expansion, announced today, will nearly double the facility’s total refining capacity to approximately 1.4 million bpd once the new unit comes online by the end of 2028. The move cements the Dangote […]
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The U.S. Energy Information Administration (EIA) released its latest Weekly Petroleum Status Report on June 3, 2026, covering data for the week ending May 29, 2026. The report reveals a significant tightening in U.S. petroleum inventories, with a massive combined draw in commercial crude oil and Strategic Petroleum Reserve (SPR) stocks. Analyst Ole S. Hansen […]
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ENB Pub Note: This is a great article from America Outloud with Mike Ariza and Ronald Stein, and both have been on the Energy News Beat podcast. We recommend connecting with both great resources. An energy “REALITY” reminder is that crude oil by itself is useless black tar, unless you build a multi-billion-dollar refinery to […]
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On Friday, May 29, 2026, the California Air Resources Board (CARB) approved sweeping updates to the state’s Cap-and-Invest program (formerly Cap-and-Trade), extending California’s signature climate initiative through 2045. State regulators framed the changes as a balanced move to meet aggressive greenhouse gas reduction targets while supporting affordability and preventing industry “leakage”—the exodus of major polluters […]
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In a notable development underscoring shifting global energy trade flows amid ongoing Middle East tensions, a cargo of crude oil drawn from the U.S. Strategic Petroleum Reserve (SPR) is heading to California for the first time ever, according to ship-tracking firm Kpler. The shipment involves approximately 460,000 barrels of Bayou Choctaw Sweet crude destined for […]
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Smon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), recently declared in Paris that those who have fought to keep the world dependent on fossil fuels are “inadvertently supercharging the global renewables boom” — citing the ongoing U.S.-Israeli war with Iran as evidence. It is a striking claim. But it […]
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$6 gas and refinery fears collide with California’s climate ambitions By Alejandro Lazo, CalMatters The Chevron refinery in Richmond is located behind a nearby neighborhood on Feb. 21, 2024. Photo by Loren Elliott for CalMatters This story was originally published by CalMatters. Sign up for their newsletters. California is considering handing oil refineries and other […]
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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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In a developing story that underscores the growing cyber vulnerabilities in America’s energy infrastructure, CNN reported on May 15, 2026, that hackers have breached systems monitoring underground fuel storage tanks at gas stations across multiple U.S. states. U.S. officials suspect Iranian actors are responsible, though definitive attribution remains elusive due to a lack of forensic […]
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