The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shasndong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including from vessels linked to the Houthis, and the Iranian Ministry of Defense of […]
Continue ReadingDaily Standup Top Stories Trump and Putin Conclude Phone Call as US Pushes Ceasefire March 18, 2025 Clark Savage ENB Pub Note: While Putin is saying that Ukraine cannot receive more munitions and weapons for the ceasefire, it appears there was a positive dialogue. The loser in this process is the Left-leaning EU. I […] Buried fortune: […]
Continue ReadingThe search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The 140-m-long Solong, owned by Hamburg-based Ernst Russ, hit the 183-m-long Stena Immaculate while anchored near Hull, rupturing at least one […]
Continue ReadingDaily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security […] Canada’s Final US […]
Continue ReadingENB Pub note: Interesting from Bloomberg. Also, we need to look at how much oil California potentially still imports from Iran. The official list of imported oil in California is: \”According to the California Energy Commission, in 2020 (the most recent detailed foreign source data available), the state imported approximately 60% of its crude oil, […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump Zeroes In On American Energy In Congressional Speech March 5, 2025 Mariel Alumit Unlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National […] .@POTUS […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump Zeroes In On American Energy In Congressional Speech March 5, 2025 Mariel Alumit Unlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National […] .@POTUS […]
Continue ReadingChina Merchants has bought a 70% stake in Vast Infraestrutura, Brazil’s only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its stake in the oil terminal from US-based EIG Global Energy Partners, which has been developing the site for the past 10 years. […]
Continue ReadingDaily Standup Top Stories Trafigura: Iran Sanctions Are Biggest Bullish Catalyst On Oil Prices February 26, 2025 Clark Savage Trafigura Head of Trading: U.S. foreign policy vis-a-vis Iran is the main upside risk for oil. Last year, Trump pledged in his Republican National Convention speech to dramatically lower Iranian oil exports. On Tuesday, the […] Restarting Germany’s […]
Continue ReadingTrafigura Head of Trading: U.S. foreign policy vis-a-vis Iran is the main upside risk for oil. Last year, Trump pledged in his Republican National Convention speech to dramatically lower Iranian oil exports. On Tuesday, the Trump administration imposed further sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products. Trafigura […]
Continue Reading