The Golden State’s Fading Oil Legacy California, once a powerhouse in U.S. oil production, is watching its storied industry fade into history. From a peak of 760,000 barrels per day (b/d) in 2000, output has […]
Data source: Bloomberg L.P. Note: Data through November 26, 2025. All crack spreads are calculated against the Dated Brent crude oil spot price. Global refinery margins for diesel have widened since late October and increased to their […]
In the global push toward cleaner energy, two regions stand out for their aggressive policies: Australia and California. Both have implemented stringent environmental regulations and renewable energy mandates that have led to the shuttering of […]
In the dynamic world of energy markets, refining margins—the profit earned by converting crude oil into usable products like gasoline, diesel, and jet fuel—have surged to multi-year highs in November 2025. This climb is driven […]
In a dramatic escalation of the ongoing Russia-Ukraine conflict, Ukrainian forces launched a drone strike on Russia’s key Black Sea port of Novorossiysk early on November 14, 2025, targeting vital energy infrastructure. This attack has […]
In a bold escalation of its campaign against Russia’s energy infrastructure, Ukraine has claimed responsibility for a drone strike on the Saratov Oil Refinery in Russia’s Volga region overnight on November 11, 2025. This marks […]
Energy Security starts at home, and Energy Dominance starts with exporting services and energy. We are seeing the world start to wake up to energy security. The levels of natural gas supply vs. imports is […]
In a landscape dominated by headlines about renewable energy and the push toward net zero emissions, a new report from Wood Mackenzie delivers a sobering reminder: global oil demand is far from fading. According to […]
In a move that could reshape the global energy landscape, Russian oil giant Lukoil has agreed to sell its vast international assets to Swiss-based commodity trader Gunvor Group, led by Swedish billionaire Torbjörn Törnqvist. The […]
As the European Union and its allies intensify sanctions against Russia amid the ongoing conflict in Ukraine, the continent’s energy landscape is undergoing a profound transformation. Europe’s diesel and jet fuel imports are surging toward […]
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