In a significant sign that Gulf crude is once again finding its way to market, Kuwait is offering at least 4 million barrels of its main export-grade crude to Asian refiners—the first such sales to the region since the Iran war erupted in late February 2026. The volumes are loaded onto two very large crude […]
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U.S. crude oil and petroleum product exports have hit unprecedented levels in recent weeks, even as the Biden-era Strategic Petroleum Reserve (SPR) continues to be drawn down at a record pace to help stabilize global markets amid ongoing disruptions from the Iran conflict and the Strait of Hormuz blockade. According to the latest data, total […]
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A South Korean-flagged Very Large Crude Carrier (VLCC) is making headlines today as it navigates the strategically vital Strait of Hormuz, marking the first such transit by a vessel from the East Asian nation since the onset of the 2026 Iran-related conflict and maritime disruptions. The Universal Winner (IMO 9837602, MMSI 440274000), operated by Seoul-based […]
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ENB Pub Note: Interesting Article from Andrew Korybko’s Newsletter on Substack. We recommend following him. The Sino-Russo Entente might evolve into a de facto alliance if South Korea and Japan join AUKUS+, the US’ de facto “Asian NATO”, but that risks spooking India into a de facto alliance with the US to counterbalance perceived Chinese […]
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As the U.S.-Israeli conflict with Iran disrupts key Middle East energy routes and chokes global liquefied natural gas (LNG) supplies, Asia’s top LNG importers are turning back to coal to keep the lights on. Spot LNG prices have roughly doubled, while Asian LNG imports have fallen sharply—the biggest drop since 2022—prompting utilities across the region […]
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President Donald Trump’s recent comments on Fox News’ Sunday Morning Futures have sparked intense debate in energy circles. In the April 12, 2026 interview, Trump acknowledged that U.S. gasoline prices “could be the same or maybe a little bit higher” by the November midterm elections, despite earlier hopes for a quick resolution. This marks a […]
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In a world already stretched thin on refined fuels, diesel has emerged as the undisputed king of commodities—and refineries are proving to be the fragile link in the global supply chain. As of early April 2026, the ongoing disruption in the Strait of Hormuz—triggered by the Iran conflict—has created the largest supply shock in diesel […]
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In a defining moment for advanced nuclear deployment, NANO Nuclear Energy Inc. (NASDAQ: NNE) and its partner, The Grainger College of Engineering at the University of Illinois Urbana-Champaign (U. of I.), have officially submitted a Construction Permit Application (CPA) to the U.S. Nuclear Regulatory Commission (NRC) for the KRONOS MMR™ microreactor. Submitted on March 31, […]
Continue ReadingThe Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, remains one of the world\’s most vital energy arteries. In 2024, approximately 20 million barrels per day (b/d) of crude oil, condensate, and petroleum products transited this chokepoint, representing about 20% of global petroleum liquids consumption. Additionally, around one-fifth […]
Continue ReadingDaily Standup Top Stories The Current State of Critical Minerals in the US Market October 12, 2025 Clark Savage In an era defined by the push toward clean energy, electrification, and advanced technologies, critical minerals have emerged as the backbone of modern manufacturing and national security. These essential resources—ranging from lithium for batteries to […] China and […]
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