In a stark reminder of the vulnerabilities in global energy supply chains, the Suez Canal was temporarily blocked early today after a sanctioned oil tanker, part of Russia\’s shadowy \”dark fleet,\” ran aground in the vital waterway. The incident, involving a Hong Kong-owned vessel laden with Russian crude, halted northbound traffic for several hours, disrupting […]
Continue ReadingDaily Standup Top Stories Secretary Chris Wright has a plan for Rare Earth and Critical Minerals – What is the timeline? October 25, 2025 Clark Savage In an outstanding interview with Larry Kudlow on Fox Business, Secretary Chris Wright covers some key points on the upcoming China meetings with President Trump and President Xi. • The […]
Continue ReadingAs the Ukraine conflict grinds into its fourth year, Western powers are once again turning to the familiar playbook of economic sanctions. This week, the United States slapped sweeping restrictions on Russia\’s two largest oil producers, Rosneft and Lukoil, while the European Union rolled out its 19th sanctions package, targeting over 100 shadow fleet tankers […]
Continue ReadingOil prices surged nearly 5% on Thursday, October 23, 2025, following the imposition of new U.S. sanctions on Russia\’s two largest oil companies and amid escalating Ukrainian drone strikes on energy infrastructure. Benchmark U.S. crude climbed 4.9% to $61.35 per barrel, while Brent crude rose about 5.4% to nearly $66 a barrel. This spike reflects […]
Continue ReadingThe global oil markets are entering a period of heightened uncertainty following the European Union\’s decision to trigger \”snapback\” sanctions on Iran. On September 27, 2025, France, Britain, and Germany activated this mechanism under the 2015 Joint Comprehensive Plan of Action (JCPOA), reimposing sweeping United Nations sanctions that had been lifted as part of the […]
Continue ReadingHow does Warren Buffett’s being right about wind fit into the potential collapse of the Chinese market? Well, the West has just offloaded all of its manufacturing to China over the last 30 years, and now that Donald Trump has been “Wright-sizing” energy, we are seeing a huge potential collapse of the Chinese system. (Pun […]
Continue ReadingENB Pub Note: And for those Californians, the shadow fleet rust buckets that are prone to leak are the ones delivering 70% of your oil, thanks to Gavin Newsom. Russia’s shadow fleet now accounts for around 17% of all global oil tankers, with hundreds of ageing ships transporting crude to countries like China, India, and […]
Continue ReadingDaily Standup Top Stories Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets? September 23, 2025 Clark Savage In a stark admission during a September 2025 press conference, China’s Finance Minister revealed that “every penny we spend is borrowed,” highlighting the precarious state of the nation’s finances. This confession has […]
Continue ReadingRussia\’s seaborne crude oil exports have surged to their highest levels in over a year, driven by a combination of increased production and disruptions to domestic refining capacity from Ukrainian drone strikes. According to recent vessel-tracking data, the four-week average shipments reached 3.62 million barrels per day (bpd) in the period ending September 21—the highest […]
Continue ReadingThe Panama Ship Registry has become the first flag in the world to implement stricter controls and mandatory traceability for offshore ship-to-ship (STS) transfers of hydrocarbons. Non-compliance—depending on its severity—may lead to the cancellation of a vessel’s Panamanian registration. The regulation requires all Panamanian-flagged oil tankers with a gross tonnage of 150 or more to […]
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