What does this mean for the U.S. Diesel and Oil Markets? That is no longer a theoretical risk. With the Strait of Hormuz still effectively closed to most traffic by the U.S.-Iran war and Houthi forces tightening their grip on Bab el-Mandeb, the kingdom’s last high-volume workaround—the East-West pipeline to Yanbu—is under fire. The combination […]
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Berlin is talking to its own energy companies about filling gas storage without the government walking into the market and buying molecules itself. That is the story Bloomberg reported today, and it is the tell that Germany’s summer refill has not gone to plan. Officials have been discussing how Uniper SE and SEFE — both […]
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The war that began on February 28, 2026, with U.S. and Israeli strikes on Iran, and Iran’s subsequent campaign against tanker traffic in the Strait of Hormuz, has forced the largest rewrite of global oil trade routes in decades. Pre-war, roughly 20 million barrels per day of crude and products moved through Hormuz. Flows have […]
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President Donald Trump is scheduled to sit down Tuesday afternoon, September 1, with executives from at least 10 U.S. fuel makers and distributors. The agenda is straightforward and politically urgent: persistently high gasoline and diesel prices, what the industry can do about them, and how to expand domestic refining capacity. We hope he looks for […]
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That is not a talking point. It is the arithmetic of an integrated energy market that Ottawa cannot wish away, and Washington already understands. Smith’s warning, circulating widely after her CBC Power & Politics appearance and a clip posted by Stephen Taylor, is blunt: Alberta businesses will be hurt more by Canada’s own counter-tariffs than […]
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In Jurassic Park, Dr. Ian Malcolm delivers one of cinema’s most memorable lines: “Life finds a way.” Nature adapts, persists, and routes around obstacles no matter how carefully the fences are built. In the summer of 2026, crude oil is doing the same thing. Blockades and attacks have choked the Strait of Hormuz and the […]
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Turkey faces heightened risk of disrupted natural gas supplies from Iran following the U.S. Treasury’s launch of an intensified economic isolation campaign against Tehran on August 24, 2026. As a key U.S. ally and Iran’s third-largest trading partner, Ankara must navigate secondary sanctions threats that could complicate or sever one of its major pipeline gas […]
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Oil and gas producers in the Permian Basin are driving electricity demand skyward in West Texas, even as technology companies race to site data centers in the world’s most prolific shale play. The dual surge—from electrifying drilling, fracturing, and production operations, plus hyperscale computing loads—is straining the regional grid and prompting warnings of potential reliability […]
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South Bow Corp. (TSX/NYSE: SOBO) shares rose on August 19, 2026, marking their strongest one-day advance in more than a month, after U.S. President Donald Trump publicly suggested a revival of the long-canceled Keystone XL pipeline project. In a Truth Social post, Trump announced a three-day pause on planned 50% tariffs on Canadian goods, citing […]
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The ambitious plan to build a major new crude oil export route from Iraq through Syria to the Mediterranean—explicitly designed to reduce dependence on the Strait of Hormuz—will require at least four years of construction and an investment of $15 billion or more, according to sources directly involved in the project speaking to Reuters on […]
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