Oil and liquefied natural gas moving through the Strait of Hormuz over the past two weeks reached a six-month high, U.S. Central Command chief Adm. Brad Cooper said Saturday, crediting mine clearance, naval escorts, and coordination with Gulf producers, insurers, and shipowners. The same briefing drew a sharp contrast: Gulf partners have moved more than […]
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Energy News Beat | September 19, 2026 The world’s long-haul crude system is running out of the ships that make it work. Bloomberg reported today that soaring freight costs are already making some distant crude trades uneconomic, with barely any Very Large Crude Carriers left for hire in parts of the market. That shortage is […]
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The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 now sits on President Donald Trump’s desk after the House passed it 262-159 on September 16. The Senate had already approved it 86-11. The bill targets Russia’s energy sector, officials, banks, oligarchs, and shadow fleet while authorizing the president to impose tariffs of up […]
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Moscow is keeping diesel at home through the end of October. That decision lands on a European market that has already lost its old Russian supply line, is watching Saudi crude and product routes seize up, and is about to hear from the Bank of England on interest rates. The combination is not a single […]
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On September 16, 2026, European Commission President Ursula von der Leyen used her State of the Union address in Strasbourg to invite Canada to become the European Union’s first “associate member.” Canadian Prime Minister Mark Carney sat in the front row as guest of honor. The chamber gave him a standing ovation. Von der Leyen […]
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The Middle East energy map tightened sharply over the past week even as China resumed heavier crude buying. Houthi forces seized key Red Sea positions including Mocha and Perim Island, tightening control over the Bab el-Mandeb Strait and targeting Saudi-linked vessels. Drones originating from Iraq struck Saudi Arabia’s East-West pipeline, prompting a precautionary shutdown of […]
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Saudi Arabia has told OPEC that its crude production collapsed again in August 2026, falling 1.9 million barrels per day to 6.238 million b/d—the lowest level the kingdom has reported since 1990, at the outset of the Gulf War. Riyadh attributed the drop to renewed U.S.–Iran hostilities that squeezed its export routes. That official communication, […]
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However, it only captures part of the story. It does not fully capture system-level costs, weather extremes in places like Germany, consumer price outcomes in the West, or end-of-life realities. Those gaps matter when the claim is that firm renewables are already cheaper than new fossil generation and insulated from fuel shocks. Renewable Wind, Solar, […]
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ENB Pub Note: This article is from Andrew Korybko’s Newsletter, and we recommend subscribing to his Substack. It has some interesting Geopolitical Points. Indefinitely perpetuating the Ukrainian Conflict through these means indefinitely delays the full implementation of the US’ planned “Pivot (back) to (East) Asia”, can lead to Russia selling its natural resource wealth to […]
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Physical tightness, high product cracks, and China’s selective rebound in buying are supporting prices, but inventories, China’s still-subdued import volumes, and the existing backwardation already price in a good deal of risk. What the OilPrice article and related reporting show The Sept. 7 OilPrice piece (and the overlapping Bloomberg coverage it draws on) reports that […]
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