New York’s electricity grid is facing growing reliability risks, according to the state’s grid operator. In its latest assessments and the 2025 Power Trends Report, the New York Independent System Operator (NYISO) warns that electricity reserves have shrunk significantly over the past five years. A net decline of 1.5 gigawatts (GW) in available supplies since […]
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In a significant move to bolster energy security amid escalating geopolitical tensions in the Middle East, Japan’s JERA — the world’s largest buyer of liquefied natural gas (LNG) — has secured a landmark 20-year supply contract with Malaysia’s state-owned Petronas. The deal, announced today following high-level talks between Japanese Prime Minister Sanae Takaichi and Malaysian […]
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The U.S. trade deficit narrowed in April 2026, with exports hitting a record high as surging crude oil and petroleum product shipments more than offset a sharp rise in imports of computers, semiconductors, and telecommunications equipment tied to the AI data center boom. According to data from the Bureau of Economic Analysis (BEA), the trade […]
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In a striking confirmation of the enduring role of fossil fuels in global finance, the world’s 65 largest banks committed a record $906 billion to oil, natural gas, and coal companies in 2025 — an 8% jump from $869 billion the year before. This marks the second straight year of rising fossil fuel financing after […]
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ENB Pub Note: This is an article from America Out Loud by two Great energy leaders, Ronald Stein and Dr. Lars Schernikau. Both have been on the Energy News Beat Podcast and are highly recommended to follow. Electricity demands are growing worldwide, and the unpopular questions around what it truly takes to power our modern […]
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In the heart of America’s oil boom, a tale of two fuels is unfolding in the Permian Basin. While soaring crude prices fueled by the Iran war have oil producers celebrating record revenues, associated natural gas has become a costly burden. At the Waha Hub—the key pricing point for Permian gas—prices have now been negative […]
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The Strait of Hormuz — the narrow waterway through which roughly one-fifth of global oil and significant LNG volumes flow — has remained effectively closed since early March 2026 following the escalation of the U.S.-Israel-Iran conflict. Iran has suspended talks and signaled the blockade could become permanent absent major concessions. In a wide-ranging interview with […]
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The global energy markets are in the midst of a historic shock. As the 2026 Strait of Hormuz crisis—triggered by the U.S.-Israel conflict with Iran—enters its fourth month, roughly 20% of the world’s seaborne oil and 20% of LNG flows have been disrupted. Prices spiked above $100 per barrel (peaking near $126), with Brent briefly […]
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The global oil tanker industry is riding an unprecedented wave of profits fueled by the ongoing Iran conflict, but shipowners are already bracing for a sharp reversal. According to a new Financial Times report, tanker owners are warning of a potential market crash if the Strait of Hormuz reopens or as broader market forces take […]
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As the world grapples with the ongoing Strait of Hormuz crisis—triggered by the 2026 Iran conflict and resulting in the near-closure of a chokepoint carrying roughly 20% of global oil trade—energy security has never been more critical. North Dakota is positioning itself for a dramatic encore: a second Bakken boom powered by enhanced oil recovery […]
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