Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]
Continue Reading
Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday, October 12–13, 2026, that it struck a third “violating” or “offending” supertanker in the Strait of Hormuz within roughly 48 hours, sparking an onboard fire. The IRGC stated the vessel had switched off its navigation systems, ignored warnings, and attempted to exit via an unauthorized […]
Continue Reading
Crude moving through the Strait of Hormuz fell 27% in a week, to at least 10.1 million barrels a day, as tanker attacks picked up and Yemen’s Houthis warned everyone who works at a Saudi oil site. Here is what has actually been hit, what is only claimed, and how much oil can still get […]
Continue Reading
Supertankers are racing into the Persian Gulf for record fees, and that single migration is redrawing how crude moves. More than 40 percent of the world’s roughly 850 very large crude carriers are now inside the Gulf or within a couple of days’ sail of it, according to Signal Ocean data cited by Bloomberg. Empty […]
Continue Reading
Crude dipped below $98 Tuesday on recovering Middle East exports and a G7 stockpile release, then climbed back to $100. Gasoline is still $4.37 and diesel $6.32. Nearly 20 ship attacks in a month, “scarily thin” inventories and an SPR at a 44-year low say the relief is fragile. On paper, Tuesday looked like relief. […]
Continue Reading
Record VLCC rates now equal about $33 a barrel — 27 percent of delivered crude — and history shows that energy shocks plus Fed tightening are how demand destruction turns into recession. Especially after the Fed raises rates during an energy crisis, recessions follow. Patterns in finance matter, just like physics matters to the grid. […]
Continue Reading
President Trump’s Midterm Diesel Probability Forecasting Tool ties record distillate prices directly to Senate control odds less than five weeks before the November 3 vote. Retail on-highway diesel sat at $6.382 per gallon for the week of September 28 (EIA), down only modestly from the $6.529 record the prior week and more than $2.60 above […]
Continue Reading
Washington expanded its economic campaign against Iran on October 1, designating the country’s rail system, major industrial firms, and a Russia-linked shadow banking network on the same day the U.S. military blockade continues to choke seaborne oil exports. The Treasury actions, issued under Operation Economic Outcast, come as three shadow-fleet tankers seized earlier this year […]
Continue Reading
A forecast is not a plan. A storage target is not a molecule. And a press release about “diversified supply” does not fill a cavern in Bavaria when the cargo is sitting in the Pacific because Seoul or Dhaka paid more. As of late September 2026, the European Union is heading into the heating season […]
Continue Reading
Kirk Edwards, President of Latigo Petroleum, stops by the Energy News Beat Podcast In this episode of the Energy News Beat Podcast, host Stu Turley sits down with Kirk Edwards, President of Latigo Petroleum, to discuss the critical energy challenges reshaping global markets. From diesel shortages and geopolitical tensions to drone warfare targeting refineries, the […]
Continue Reading