Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]
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Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday, October 12–13, 2026, that it struck a third “violating” or “offending” supertanker in the Strait of Hormuz within roughly 48 hours, sparking an onboard fire. The IRGC stated the vessel had switched off its navigation systems, ignored warnings, and attempted to exit via an unauthorized […]
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Diesel costs $2.60 a gallon more than it did a year ago, and Election Day is three weeks out. The White House wants Ukraine to stop hitting Russian refineries so Russia can sell diesel again. Moscow has not confirmed the truce, a Kharkiv power plant was hit within hours, and a bipartisan group of senators […]
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Newly released footage shows the moment a Houthi strike hit King Khalid International Airport in Riyadh on Saturday, October 10, 2026, in an attack that killed at least 13 people and wounded more than 300—the deadliest assault on Saudi soil in more than a decade. The escalation has prompted U.S. President Donald Trump to state […]
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U.S. Treasury Secretary Scott Bessent has highlighted a core contradiction in Europe’s energy policy amid ongoing debates over Russian diesel supplies. In comments tied to a Trump administration arrangement for Russian diesel releases (initially 300,000 tonnes, with more to follow) to ease prices amid broader supply pressures, Bessent stated that Europe has transferred more money […]
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President Donald Trump’s Sunday announcement that Russia and Ukraine have agreed to an “ENERGY CEASEFIRE,” effective immediately, arrives at a flashpoint where global fuel markets, U.S. domestic politics, and wartime diplomacy intersect. The claim—posted on Truth Social with the instruction “Both parties have agreed. Do not break it!”—followed days of sharp criticism of Ukrainian President […]
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By Stuart Turley, host of the Energy News Beat podcast • Published Oct. 10, 2026 • Strike, reactions, prices and storm data as of 6:30 a.m. CT, Sat., Oct. 10, 2026 • Follows our Friday report, Trump Says Russia Will Supply Diesel If you haul freight, plant wheat or heat a house with oil, this […]
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Treasury opened the door with a six-month license, and Moscow says it is willing to sell, but the Kremlin confirmed no volumes and Kyiv calls it a gift to Putin. Diesel futures fell 4% Friday while the pump average held at $6.28. Here is what the 4.8 million tons Trump listed could and could not […]
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The UK Ministry of Defense (MoD) has formally objected to the proposed Hope Moor Wind Farm in Yorkshire and County Durham, warning that 23 turbines—each up to 200 meters tall, roughly twice the height of Big Ben—could degrade radar systems used to track Russian jets, missiles, and other low-flying threats.Dailysceptic In a letter seen by The […]
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Crude moving through the Strait of Hormuz fell 27% in a week, to at least 10.1 million barrels a day, as tanker attacks picked up and Yemen’s Houthis warned everyone who works at a Saudi oil site. Here is what has actually been hit, what is only claimed, and how much oil can still get […]
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