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 […]
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Washington expanded its economic campaign against Iran on October 1, designating the country’s rail system, major industrial firms, and a Russia-linked shadow banking network on the same day the U.S. military blockade continues to choke seaborne oil exports. The Treasury actions, issued under Operation Economic Outcast, come as three shadow-fleet tankers seized earlier this year […]
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Tankers are burning in the Strait of Hormuz, visible traffic through the waterway has collapsed to a fraction of normal levels, and U.S. Energy Secretary Chris Wright says he is “highly confident” Europe will draw down emergency diesel stocks to ease a global shortage. The combination is keeping a firm geopolitical premium in crude while […]
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China is once again withholding refined products from the global market, layering fresh stress onto an already strained diesel complex. On October 1, 2026, trade sources reported that Chinese refiners have suspended oil-product exports for October to destinations other than Hong Kong and Macau, pending new guidance from Beijing. State-owned major PetroChina has canceled planned […]
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Cyrus Brooks of RBAC and NJ Ayuk, Executive Chairman of the African Energy Chamber, stopped by the Energy News Beat podcast. In this episode of the Energy News Beat Podcast, host Stu Turley sits down with two influential voices in global energy: Cyrus Brooks of RBAC and NJ Ayuk, Executive Chairman of the African Energy […]
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Stelco Holdings, owned by Ohio-based Cleveland-Cliffs since a $3.4-billion acquisition in late 2024, announced it will indefinitely idle cold-rolled and coated operations at its Hamilton Works plant beginning around October 9. The company says the move is required “to help ensure the survival of Stelco.” About 350 workers at Hamilton are expected to be laid […]
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WTI is hovering near $89 after a sharp September unwind from above $100. Brent is still the more stubborn benchmark, recently trading in the mid-to-high $90s after spending stretches of the month above $100. The market is no longer pricing a clean “Hormuz victory.” It is pricing a split world: more crude is moving again, […]
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Announced in July 2026 and still at the feasibility-study stage, it would initially move 500,000 barrels per day (expandable to 800,000) of Western Canadian crude to Sarnia’s refining hub. Ontario is leading the study, due by the end of 2026, and Ford has said the province is prepared to provide “patient capital” while seeking private […]
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A forecast is not a plan. A storage target is not a molecule. And a press release about “diversified supply” does not fill a cavern in Bavaria when the cargo is sitting in the Pacific because Seoul or Dhaka paid more. As of late September 2026, the European Union is heading into the heating season […]
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The Energy Realities Team of Dr. Nemeth, David Blackmon, and Stu Turley was in rare form this morning. In this roundtable discussion, three energy experts examine the perfect storm of policy decisions, geopolitical conflicts, and ideological commitments that have created a global energy crisis. Hosted by Stu Turley of Energy News Beat, with guests Dr. […]
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