The United Arab Emirates (UAE) has quietly opened discussions with the United States for emergency access to U.S. dollars, seeking a financial backstop as the recent Iran conflict strains its economy and disrupts key oil export routes. According to multiple U.S. officials cited in reporting, UAE Central Bank Governor Khaled Mohamed Balama raised the possibility […]
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A Major Win for U.S. Consumers in California and the West Coast April 20, 2026 — In a significant boost for energy reliability and supply security across the Western United States, Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced they are advancing the Western Gateway Pipeline Project. The move follows a […]
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The Energy Realities Gang of Irina Slav, Dr. Tammy Nemeth, David Blackmon, and me had way too much fun this morning. What a wild day with Irina Slav, Dr. Tammy Nemeth, David Blackmon and Stu Turley on the Energy realities podcast. We had GREAT questions from the live viewers on YouTube and LinkedIn! Thank you […]
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As the Iran conflict escalates with U.S. and Israeli strikes targeting Iranian energy infrastructure, the Iran-backed Houthis in Yemen have issued a stark warning: they are prepared to close the Bab el-Mandeb Strait, effectively blocking oil exports through the Red Sea. Houthi Deputy Foreign Minister Hussein al-Ezzi stated, “If Sana’a decides to close the Bab […]
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In the energy markets, there’s no single “oil price” anymore — and today’s fractured reality proves it. As highlighted in a sharp analysis posted this morning by commodity trader Jack Prandelli, the spreads tell the real story: Forties (physical) → $134 Dated Brent (physical) → $116 Brent futures → $99 WTI → $87 Canadian crude […]
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ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. We recommend subscribing and reading for a different point of view as he has shown to be right many times! Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its […]
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As U.S. stock futures surge ahead of Monday’s open, signaling yet another leg higher for the major indices, energy markets tell a very different story. The reopening of the Strait of Hormuz—following Iran’s recent declaration that the vital waterway is “completely open” during the ceasefire—has triggered a sharp plunge in oil prices. This is great […]
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In a recent statement that has sparked widespread discussion, U.S. Energy Secretary Chris Wright highlighted a stark reality in the global push for renewables. Quoting from the White House Rapid Response account on X: “We definitely want energy from everywhere we can get it. We’re driving nuclear forward in the Trump Administration—but in the last 20 […]
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Duke Energy (NYSE: DUK) is navigating a critical juncture that could define its earnings trajectory and investor appeal for years to come. On April 15, 2026, the utility filed with the North Carolina Utilities Commission (NCUC) to recover approximately $809 million in extraordinary fuel and purchased power costs incurred during an extreme winter cold snap […]
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In a move that continues to underscore Beijing’s strategic shift away from U.S. dollar assets amid geopolitical tensions and diversification efforts, China has steadily reduced its holdings of U.S. Treasuries. The latest official data from the U.S. Treasury’s TIC report confirms China’s holdings stood at $693.3 billion at the end of February 2026, down slightly […]
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