ENB Pub Note: The global oil demand side of the pricing equation looks at India and China as the two biggest matrices for international pricing. The fact that India is rolling on high import levels, and China is looking flat, is a good thing for the demand curve. India is expected to import nearly […]
Continue ReadingENB Pub Note: Sanctions don\’t work as intended is a great line that Irina Slav has said. There are an estimated 1400 dark fleet tankers, and 230 being sanctioned is inconvenient for Russia, but won\’t stop the oil trade. It will be the secondary sanctions that the U.S. would put in place against China\’s or […]
Continue ReadingDaily Standup Top Stories How will ERCOT and Texas learn from the past on the grid? April 23, 2025 Clark Savage ENB Pub Note: This is an essential update from Doug Sheridan, a LinkedIn Author and knowledgeable leader in the energy sector. Doug is raising some significant concerns about the Texas grid and potential issues on […] […]
Continue ReadingWeekly Daily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, and coal plants to jumpstart growth and unleash American energy. The Environmental Protection Agency (EPA) announced Wednesday that it is […]
Continue ReadingDaily Standup Top Stories Chevron Out, Black Market In? The Fallout of U.S. Sanctions on Venezuela March 19, 2025 Clark Savage Revoking Chevron’s license in Venezuela could drive oil sales back underground, reducing transparency and benefiting corrupt intermediaries. Sanctions on Venezuela have had mixed effects. Removing licenses may disrupt Venezuela’s foreign exchange market and private sector. […] […]
Continue ReadingRevoking Chevron’s license in Venezuela could drive oil sales back underground, reducing transparency and benefiting corrupt intermediaries. Sanctions on Venezuela have had mixed effects. Removing licenses may disrupt Venezuela’s foreign exchange market and private sector. On 26 February, U.S. President Donald Trump announced his intention to end General License 41, which allowed Chevron to operate […]
Continue ReadingDaily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was so callously abused by whomever was making decisions in the Biden administration, which drew this national security […] Canada’s Final US […]
Continue ReadingENB Pub note: Interesting from Bloomberg. Also, we need to look at how much oil California potentially still imports from Iran. The official list of imported oil in California is: \”According to the California Energy Commission, in 2020 (the most recent detailed foreign source data available), the state imported approximately 60% of its crude oil, […]
Continue ReadingThe Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” strategy to squeeze the country’s economy. Twenty-two people and 13 vessels were targeted in the latest sanctions, the State and […]
Continue ReadingThe UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the sanctions, Britain said the ships being […]
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