In a strategic move to bolster its energy security amid global market volatility, China is accelerating the construction of 11 new oil storage facilities over the next two years. State-owned oil giants such as Sinopec and CNOOC are leading the effort, aiming to add a combined capacity of approximately 169 million barrels by the end […]
Continue ReadingIn a significant development for the global energy sector, ExxonMobil is reportedly in advanced talks to re-enter Iraq\’s oil industry after a nearly two-year absence. The U.S. energy giant is eyeing the massive Majnoon oil field in southern Iraq as its primary target for exploration and development. This move could signal renewed confidence in Iraq\’s […]
Continue ReadingIn the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and Russia—is pushing against its production boundaries. With spare capacity dwindling, the group finds itself in a precarious position where any major disruption could send crude prices soaring. As of October 2025, recent decisions to modestly increase output […]
Continue ReadingENB Pub Note: This article from Irina Slav on Oilprice.com is excellent, and we will cover this on our daily standup podcast. OPEC+ has agreed to modest monthly production boosts, keeping oil prices range-bound around $65 per barrel, which benefits consumer countries like the US but creates challenges for producer nations. Saudi Arabia\’s strategy of […]
Continue ReadingIn the ever-volatile world of global energy markets, OPEC+ finds itself once again in the spotlight following fresh leaks from Reuters about its upcoming production strategy. As oil prices hover around multi-month lows amid economic uncertainties and rising non-OPEC supply, the cartel\’s internal debates have spilled into the public domain, raising questions about its ability […]
Continue ReadingThe Iraq-Turkey oil pipeline, also known as the Kirkuk-Ceyhan pipeline, transports crude oil from Iraq\’s northern Kurdistan region to the Mediterranean port of Ceyhan in Turkey. It was originally built in the 1970s and has been a key export route for Kurdish oil. Prior to its shutdown, the pipeline had a capacity of approximately 450,000 […]
Continue ReadingIn a scathing critique of the Trump administration\’s recent imposition of tariffs on Indian goods, energy expert Dr. Anas Al Hajji has highlighted what he sees as glaring inconsistencies in U.S. policy toward countries importing Russian energy. The tariffs, set at 50% overall with 25% specifically tied to India\’s purchases of Russian crude oil, are […]
Continue ReadingDaily Standup Top Stories Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies September 20, 2025 Clark Savage In the world of renewable energy, few voices carry as much weight as Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. Buffett has long been candid […]
Continue ReadingWeekly Daily Standup Top Stories America’s Grid is Nearing Its Breaking Point September 14, 2025 Clark Savage The United States’ power grid, once a marvel of 20th-century engineering, is now teetering on the edge of collapse. As demand surges from emerging technologies like artificial intelligence, data centers, and electric vehicles, an aging […] $14 Trillion Stock Rally […]
Continue ReadingChina, the world\’s largest importer of crude oil, has been on a buying spree in 2025, amassing stockpiles that are raising eyebrows across global energy markets. With crude prices hovering at levels reminiscent of two decades ago when adjusted for inflation, Beijing appears to be capitalizing on bargain-basement deals to bolster its strategic reserves. But […]
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