Independent “teapot” refiners in China — the smaller, privately owned facilities concentrated in Shandong province that account for roughly a quarter of the country’s refining capacity — are slashing production rates as the ongoing paralysis in the Strait of Hormuz drives crude prices higher and crushes refining margins. According to industry sources cited by Reuters […]
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ENB Pub Note: This article was originally run on David Blackmon’s Substack, and we highly recommend subscribing. Ethonal needs to go away and have an organized move out of the market. This needs to be shut down, as it is worse for the environment, and ruins cars and shortens their useful life. Unless you are in favor […]
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On May 8, 2026, an explosion and fire rocked the Chalmette Refinery in Chalmette, Louisiana, just east of New Orleans. Operated by PBF Energy, the facility processes roughly 185,000–190,000 barrels per day (bpd) of crude into gasoline, diesel, jet fuel, and specialty products. The incident occurred around 12:50–1:00 p.m. CDT in an operating 17,500-bpd reformer […]
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In a candid interview at the Milken Institute Global Conference, Chevron Chairman and CEO Mike Wirth delivered a sobering assessment of the global oil market: the industry’s traditional “shock absorbers” — commercial inventories in tanks, oil on tankers (including shadow fleet vessels), and strategic petroleum reserves — have been significantly drawn down in recent months […]
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Global oil inventories are rapidly approaching their lowest level in nearly eight years, according to a new analysis from Goldman Sachs. The investment bank warned that the pace of depletion has become a major concern amid ongoing supply disruptions, particularly restrictions on flows through the Strait of Hormuz. Goldman estimates that total global oil stocks […]
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ENB Pubnote: This article was run on David Blackmon’s Energy Additions Substack, and we highly recommend subscribing. This morning on Mornings with Maria, Secretary Chris Wright hit it out of the park, and we will have that information out later. California is a self-imposed energy island with a crisis brewing, and Secretary Wright is spot […]
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ENB Pub Note: This article was run on the California Globe by Mike Ariza, and he was just on The Energy News Beat Podcast Last week. We highly recommend following him and the California Globe. “The oil industry makes up 8% of California’s GDP. Without that 8%, the other 92% would be impossible to achieve.” — USC Professor […]
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California State Assemblyman Stan Ellis and Mike Ariza stop by the Energy News Beat and the Energy Impacts Podcast with Stu Turley and David Blackmon to discuss the critical nature of the energy crisis facing California, which is about to unfold. Assemblyman Ellis, Mike, and Professor Mische have been working to help get the Federal […]
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A controversial amendment to the 2026 Farm Bill is lighting up Capitol Hill, pitting big refining interests against smaller operations in a classic Washington showdown over the Renewable Fuel Standard (RFS) and ethanol mandates. Rep. Michelle Fischbach (R-MN) introduced Amendment 289, which would force year-round nationwide sales of E15 (15% ethanol gasoline) by aligning its […]
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Ukrainian drone strikes continue to hammer Russian oil infrastructure, with the latest assault on the Tuapse Oil Refinery in Krasnodar Krai marking the third hit on the facility in April alone. Overnight on April 27-28, 2026, drones ignited fires and damaged additional storage tanks, triggering a state of emergency, an oil spill, and direct Kremlin […]
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