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 […]
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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 […]
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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 […]
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Energy News Beat — President Donald Trump and President Xi Jinping meet in Washington on Thursday, September 24. The agenda is broader than energy. For the U.S. LNG industry, the meeting is still one of the most important political events of the year. China is the world’s largest LNG importer. The United States is the […]
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Aramco’s East-West pipeline outage leaves European term buyers with a zero allocation for October. Crude is being rerouted to Asia. Products, not barrels, remain the tighter market. Saudi Aramco has told European term customers they will receive no crude in October under long-term contracts, according to people familiar with the decision cited by Bloomberg and […]
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The United States is not short of crude oil. It is short of spare refining capacity, spare distillate inventory, and spare time. Diesel is the pressure point. National retail diesel is printing all-time highs near $6.40 a gallon. California is above $8.30. Midwest pump prices are breaking state records after ExxonMobil’s Joliet refinery in Illinois […]
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Energy News Beat — September 18, 2026 One of the Midwest’s most important diesel and gasoline plants is still dark. ExxonMobil’s Joliet refinery in unincorporated Channahon Township, Illinois — about 40 miles southwest of Chicago — remains offline after a Sunday power outage and a subsequent flood that overwhelmed a pump. ZeroHedge flagged the outage […]
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The MOU is not a final development contract. Continental and PDVSA said they intend to convert it into a long-term Contrato de Participación Productiva (CPP) in the coming weeks. Once that agreement is signed, Continental would operate the block with a 100% working interest. The announcement was made in Houston during the G20 energy ministers […]
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American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]
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NASA fire-detection satellites and open-source thermal data captured two intense fires at the Aramco complex in Yanbu on Saudi Arabia’s Red Sea coast, each radiating roughly 40 megawatts of heat—far above the 5–10 megawatts typical of a routine flare. The detections, highlighted in reporting shared by Chris Martenson quoting Mario Nawfal, come as Yanbu has […]
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