Tag: Russia

The White House’s August 31, 2026 fact sheet details a landmark oil agreement that grants North American Blue Energy Partners (NABEP) 100-year concessions on 17 Venezuelan fields holding roughly 65 billion barrels of proven reserves.

Clark Savage37

The U.S. government receives a 35% equity stake in NABEP’s corporate parent via the Department of War’s Office of Strategic Capital, a guaranteed right to buy 20% of offtake at production cost, and a right of first refusal on the remaining 80%. U.S. governance rights include veto power over board appointments, a requirement that a […]

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Global Diesel Shortage on the Horizon

Clark Savage188

If you think diesel prices will ease next year, Wall Street is not with you. On August 31, 2026, CoinBureau founder Nic Puckrin flagged Goldman Sachs for more than doubling its 2027 diesel-margin forecasts, arguing that refineries are being hit from every direction—Middle East strikes, Russian export bans, and winter demand—with diesel at the epicenter […]

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Will Turkey be impacted by a potential gas squeeze as new Iran sanctions kick in?

Clark Savage331

Turkey faces heightened risk of disrupted natural gas supplies from Iran following the U.S. Treasury’s launch of an intensified economic isolation campaign against Tehran on August 24, 2026. As a key U.S. ally and Iran’s third-largest trading partner, Ankara must navigate secondary sanctions threats that could complicate or sever one of its major pipeline gas […]

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Asia, Europe and US Diesel Crack Spreads Are On Fire – What does this mean for consumers and investors?

Clark Savage554

Diesel refining margins—known as crack spreads—have exploded to extreme levels across the three major refining hubs, signaling a tightening global middle distillate market that is only in its early stages. As of late August 2026, the US Gulf Coast ultra-low sulfur diesel (ULSD) crack versus WTI stood near $93–94 per barrel (after briefly topping a […]

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Ukraine Hits Lukoil Refinery. How Degraded is the Russian Refinery Capacity?

Clark Savage589

On the morning of August 21, 2026, Ukrainian drones struck the Lukoil-Permnefteorgsintez oil refinery in Russia’s Perm Krai, more than 1,500 kilometers from the Ukrainian border. Thick black smoke rose over the facility, one of Russia’s 10 largest refineries with a design capacity of around 13 million metric tons of crude per year (approximately 262,000 […]

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EU’s CBAM will cripple the ability to Re-Arm the EU in a Post Russia/Ukraine war

Clark Savage326

As Europe contemplates a post-Russia/Ukraine war landscape, the imperative to re-arm and rebuild credible conventional deterrence has never been clearer. Tanks, artillery systems, armored vehicles, munitions, and supporting infrastructure all demand vast quantities of high-quality steel—often 50–60 tonnes for a main battle tank and up to 100 tonnes for certain self-propelled artillery pieces. Yet the […]

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