In a virtual meeting held on January 4, 2026, eight key OPEC+ nations—Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman—reaffirmed their dedication to maintaining stability in the global oil markets. This announcement comes amid a backdrop of steady global economic outlooks and healthy market fundamentals, including low inventory levels, as […]
Continue ReadingThe global energy landscape has long been shadowed by the so-called \”shadow fleet\”—a network of aging, often poorly maintained tankers that evade international sanctions to transport oil and liquefied natural gas (LNG) from countries like Russia, Iran, Iraq, and Venezuela. These vessels, frequently operating under opaque ownership and false flags, have allowed sanctioned regimes to […]
Continue ReadingKaty Grimes, Editor in Chief of the California Globe, and Mike Umbro stop by the ENB Podcast. This podcast rolled around because Katy Grimes, the Editor in Chief of the California Globe, wrote a brilliant story, “Has California’s Oil and Gas Industry Hit the Point of No Return?” and in that story, she is pointing out […]
Continue ReadingMichael Tanner and Stu Turley cover several significant developments in the energy industry. First, they discuss New York’s new “Cap and Invest” program, which will ration and tax fossil fuels. We do not see this as being ineffective and costly for consumers. This will do nothing but drive more people out of New York and […]
Continue ReadingENB Pub Note: This article is from the Bison Insights with Josh Young. Stu Turley, David Blacmon, Josh Young, and Wasif Latif will be live next week, and this article will be one of the key talking points. We highly recommend subscribing to the Bison Interests Substack. Here is the live link to watch the […]
Continue ReadingIn a significant development for the global energy sector, U.S. oil giant ExxonMobil has expressed interest in acquiring Russian firm Lukoil\’s majority stake in one of Iraq\’s premier oilfields. This move comes amid escalating U.S. sanctions on Russian entities, which have forced Lukoil to declare force majeure and seek an exit from its Iraqi operations. […]
Continue ReadingIn a significant escalation of geopolitical tensions, Russian oil giant Lukoil has declared force majeure at its West Qurna-2 oilfield in southern Iraq, citing disruptions caused by fresh U.S. and U.K. sanctions. This move, announced last week, has already contributed to upward pressure on global oil prices, as markets grapple with the potential loss of […]
Continue ReadingIn the global energy landscape, the narrative of a swift “transition” away from fossil fuels to renewables has dominated headlines. However, a closer examination of demand trends, investment patterns, and infrastructure realities reveals a different story: we are in an era of energy addition. Renewables like wind and solar are expanding rapidly, but oil, natural […]
Continue ReadingIn a bold move that underscores the intertwining of energy ambitions and regional politics, British Petroleum (BP) has activated a massive $25 billion redevelopment project in Iraq\’s northern Kirkuk region. This investment, formalized earlier in 2025 and kicked into gear on October 2, isn\’t just about extracting crude—it\’s a strategic play that could reshape power […]
Continue ReadingIn the volatile world of energy markets, recent data from the U.S. Energy Information Administration (EIA) has sent ripples through trading desks. The latest Weekly Petroleum Status Report, released on October 8, 2025, revealed a significant build in crude oil inventories for the week ending October 3, 2025. Stocks rose by 3.72 million barrels, bringing […]
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