Mercedes-Benz is no longer talking about “transformation.” It is talking about survival in Germany. WirtschaftsWoche, citing three people familiar with the talks, reports that Mercedes wants about €800 million in German labor-cost savings — roughly $911 million at current rates. Options on the table include longer hours without extra pay, cuts to holiday and Christmas […]
Continue Reading
Europe spent a decade congratulating itself for pushing coal to the edge of the power system. Then it priced itself back onto the fuel it spent political capital destroying. Benchmark Dutch TTF gas prices spiked above €80 per megawatt-hour this month, the highest in three years, after the Iran conflict choked LNG shipments through the […]
Continue Reading
On Thursday, September 24, 2026, Bloomberg reported that Oracle sent a force majeure notice to the developer of Project Jupiter — the 1,400-acre AI campus in Doña Ana County, New Mexico — in an effort to defer payments if the facility misses its planned 2028 in-service date. Shares of Oracle fell about 4–5%. Blue Owl […]
Continue Reading
The remark, given to Nikkei Asia in Tokyo on September 24, is the clearest signal yet that Riyadh no longer treats three outlets as enough insurance against a two-front maritime crisis. Nasser said engineering and feasibility work is already underway. He did not name destinations, capacities, or dates. He did say Aramco can restore interrupted […]
Continue Reading
The White House’s decision this week to step back from a blunt 90-day diesel export ban is one of the most important energy-security signals of 2026. Record pump prices invited a political shortcut. The administration, led by Energy Secretary Chris Wright, instead chose the harder and more honest path: keep the refining system running and […]
Continue Reading
That is the argument Javier Blas is making in his September 23 Bloomberg Opinion column, China Isn’t Buying More Oil, It’s Buying From Different Markets (also framed as “Don’t Believe the Hype About China’s Oil Buying”). The global market treated China’s pre-war appetite as a floor. In 2026 it became a valve. The Blas thesis: […]
Continue Reading
The wind industry is approaching a structural inflection point. Early fleets in Europe and the United Kingdom are aging faster than advertised, composite blade waste is outrunning recycling capacity, and decommissioning liabilities are coming due just as subsidy structures change. Two recent posts by Peter Clack capture the twin problems: rapid performance decay well short […]
Continue Reading
Charlie Garcia stops by the Energy News Beat Channel, and he is a RockStar! Welcome back to Energy News Beat Podcast. Today we’re diving deep into a perfect storm that’s reshaping global markets, and most people have no idea it’s coming. We’re talking about the diesel crisis that’s quietly becoming the inflationary tax on everything—from […]
Continue Reading
On paper, this looks like an org chart. In practice, it is a financing and accountability decision. Gulf national oil companies have spent the last several years listing or monetizing everything except the core oil barrel. ADNOC listed pieces of gas, drilling, and retail. Aramco already listed SABIC and has raised billions against pipelines and […]
Continue Reading
A diesel export ban is the kind of policy that polls well and trades poorly. With the AAA national average at about $6.53 a gallon as of September 22, 2026 — a record — and California well above $8, the political impulse is obvious: keep more barrels at home. That impulse misunderstands how U.S. refining […]
Continue Reading