EU Energy Management Decisions Will Cost Them, and They Just Bought Historic Levels of Russian LNG

The European Union’s energy policymakers have spent years touting their “REPowerEU” strategy as a masterstroke of independence from Russian fossil fuels. Yet in March 2026—mere weeks after the EU began rolling out its formal ban on short-term Russian LNG purchases—the bloc imported more Russian liquefied natural gas than in any month on record. According to […]

Continue Reading

California is Within Weeks of a Shutdown

California’s energy system is teetering on the edge of collapse. Decades of aggressive refinery closures, strict CARB fuel specifications, and heavy reliance on long-haul imports have left the state uniquely vulnerable. The ongoing disruption in the Strait of Hormuz—triggered by the U.S.-Israeli war on Iran—has now turned that vulnerability into an imminent crisis. Refined product […]

Continue Reading

Statewide Fuel Shortages are Imminent

ENB Pub Note: This article is from the California Globe by Mike Ariza.. We recommend reading the California Globe daily, as Katy Grimes, as the Editor in Chief, does a great job keeping up with everything California.  Currently, we only have two to three more weeks of fuel ships still in transit across the Pacific […]

Continue Reading

Global Oil Inventories Fall to Record Lows. What does this mean to investors and consumers?

The global oil market is facing its most severe supply shock in years. Ongoing disruptions in the Middle East—driven by conflict and the effective closure of the Strait of Hormuz—have slashed exports by more than 13 million barrels per day (mb/d), triggered massive production shut-ins, and sent inventories plunging. According to the International Energy Agency’s […]

Continue Reading

Oil Tankers and Traffic Test Hormuz Reopening

In a significant development for global energy markets, Iran announced today that the Strait of Hormuz is now “completely open” to commercial shipping for the remainder of the fragile ceasefire period tied to the Lebanon truce. The announcement, made by Iranian Foreign Minister Abbas Araghchi, comes amid ongoing U.S. naval restrictions on vessels calling at […]

Continue Reading

Australia Hits “Critical Energy Implosion”: Geelong Refinery Fire Exposes the Fragility of Net Zero Policies

Australia’s energy security is under unprecedented strain. A major fire at one of the nation’s last two oil refineries has thrust the country’s deepening fuel vulnerability into the spotlight, underscoring how decades of Net Zero-driven policies have transformed a once self-reliant energy powerhouse into a heavily import-dependent nation. On the night of April 15, 2026, […]

Continue Reading