Despite crude oil prices easing significantly after the sharp spikes tied to the 2026 Iran-related conflict and Strait of Hormuz disruptions, retail prices for gasoline, diesel, and jet fuel remain elevated or are rebounding. This is creating pain at the pump and for businesses, even as the broader “crude crisis” appears to be fading. As […]
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Energy markets are flashing warning signs as U.S. petroleum product exports remain near record highs while domestic inventories tighten amid escalating geopolitical risks in the Middle East. Veteran energy analyst Anas Alhajji (@anasalhajji) highlighted these concerns in his July 9, 2026, Daily Energy Report on X and Substack, posing a series of pointed questions that […]
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Recent analyst predictions of an impending oil glut and sharply lower prices have gained traction amid falling benchmark crude prices and reports of recovering tanker flows through the Strait of Hormuz. However, a closer look at actual oil movements, inventory dynamics, refinery constraints, and exploration activity suggests these calls may be getting ahead of reality. […]
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Putin admitted Russia is experiencing fuel shortages and long lines at gas stations, while insisting the situation remains manageable. Ukrainian drone attacks on refineries, pipelines, and oil terminals have forced fuel restrictions across numerous Russian regions. Moscow is considering a diesel export ban and prioritizing fuel supplies for agriculture as it seeks to stabilize the […]
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Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]
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Ukraine launched one of its largest drone attacks on Moscow since Russia’s full-scale invasion began in 2022, striking the Kapotnya (Moscow) Oil Refinery for the second time in less than a week. The assault caused fires, explosions, and significant disruption in the Russian capital, while also hitting targets in the Rostov region and occupied Ukrainian […]
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Gasoline prices at the pump are falling fast, offering consumers relief after months of pain. But this relief comes amid depleted strategic buffers and lingering uncertainty over the recent Iran conflict and deal. For the Trump Administration, the trajectory of energy prices could either reinforce its political standing or expose vulnerabilities. Current Price Snapshot (Mid-June […]
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On Friday, May 29, 2026, the California Air Resources Board (CARB) approved sweeping updates to the state’s Cap-and-Invest program (formerly Cap-and-Trade), extending California’s signature climate initiative through 2045. State regulators framed the changes as a balanced move to meet aggressive greenhouse gas reduction targets while supporting affordability and preventing industry “leakage”—the exodus of major polluters […]
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The numbers don’t lie. In just the first ~50 days after the Trump administration’s March 17, 2026, Jones Act waiver for energy products and fertilizer, 45 voyages moved cargo on 35 foreign-flagged vessels across more than 30 U.S. ports and a dozen-plus cargo types. This wasn’t foreign ships stealing work from American ones. The Jones […]
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Energy News Beat Channel | May 19, 2026 The UK government has taken a pragmatic step that highlights the tension between sanctions policy and energy reality. On May 19, 2026, it published a general trade license (effective May 20) authorizing imports of diesel and jet fuel refined in third countries from Russian-origin crude. This is […]
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