Europe’s natural gas market is once again on the brink of turmoil as traders place aggressive bets that benchmark prices could more than double ahead of the 2026/2027 winter. Options contracts for the October–March delivery period have traded as high as €100 per megawatt-hour (MWh), compared to the current front-month TTF price hovering around €45/MWh. […]
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QatarEnergy has formally extended its force majeure declaration on liquefied natural gas (LNG) supplies through mid-June, according to Bloomberg. Customers received the latest notice as the Strait of Hormuz remains almost entirely closed to tanker traffic following Iranian missile strikes on the Ras Laffan Industrial City in March. This isn’t a surprise—it’s a continuation of […]
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Italian Prime Minister Giorgia Meloni met Azerbaijani President Ilham Aliyev in Baku on May 4, 2026, and vowed to deepen energy cooperation with Azerbaijan as part of Italy’s broader strategy to secure supplies amid ongoing global disruptions. Meloni described Azerbaijani gas and oil — which currently account for 16% of Italy’s gas imports and 17% […]
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A Russian tanker carrying crude oil from the Sakhalin-2 project is set to arrive in Japan today, marking a notable development in the country’s efforts to secure energy supplies amid ongoing disruptions in the Middle East. The cargo is destined for Taiyo Oil’s refinery in Ehime Prefecture and represents the latest step by Japan to […]
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The 2026 Iran war has triggered what the International Energy Agency (IEA) calls the “largest supply disruption in the history of the global oil market.” Iran’s effective closure of the Strait of Hormuz—through which roughly 20% of the world’s oil and significant LNG volumes flow—has upended global energy supplies. Over 50 countries have implemented emergency […]
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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 […]
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The Trump administration announced two new landmark agreements today with offshore wind developers Bluepoint Wind and Golden State Wind, marking the latest step in redirecting capital from subsidized, intermittent renewable projects toward reliable oil, natural gas, and LNG infrastructure. Under the deals, the companies will voluntarily relinquish federal offshore wind leases originally awarded during the […]
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As the Strait of Hormuz remains effectively closed following the escalation of the U.S.-Israel-Iran conflict in late February 2026, the world is witnessing what energy experts are calling the largest supply shock in history. Traffic through the strait has plummeted by over 95%, choking off roughly 20% of global oil and LNG flows, along with […]
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In an era of global energy volatility—exemplified by the 2026 Strait of Hormuz crisis and surging U.S. oil and LNG exports—true energy security isn’t just about drilling and producing at home. It’s about controlling the vessels that carry American energy to the world. President Donald J. Trump’s administration has made this crystal clear: Energy dominance […]
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The conflict in the Persian Gulf—sparked by U.S.-Israeli strikes on Iran beginning February 28, 2026—has sent shockwaves through the global food system, even though the region itself is not a major agricultural breadbasket. As detailed in Bloomberg’s April 24, 2026, analysis, the war has cut off critical sources of energy and fertilizers, essential inputs for […]
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