Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]
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Diesel costs $2.60 a gallon more than it did a year ago, and Election Day is three weeks out. The White House wants Ukraine to stop hitting Russian refineries so Russia can sell diesel again. Moscow has not confirmed the truce, a Kharkiv power plant was hit within hours, and a bipartisan group of senators […]
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The U.S. Department of Energy on October 10, 2026, authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address supply disruptions from hurricane activity in the Gulf of America. Source –Energy ExxonMobil and BP America each received authority for up to 2 million barrels. […]
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A Kern County oilman briefed two Cabinet secretaries on a plan to store sunlight as heat in old California oil fields for weeks at a time. The physics is real, and a national lab study backs storage on a terawatt-hour scale. But the only funded test is a 100-kilowatt pilot, and some of the biggest […]
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The President signed the refining authority in April, and $1 billion has moved to the Energy Department. But ENB found no refinery award; most of the law expires Dec. 11, and the first big new refinery since 1977 is not due until 2028-29. The barrels that could come fastest are restarts and a wider shipping […]
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Peter Clack (@PeterDClack) recently put the central contradiction of the Western Net Zero project in plain terms: the green transition is now almost entirely dependent on hardware manufactured by the same industrial giant the West hoped to displace or outcompete. In a post that cuts to the heart of energy density, industrial policy, and geopolitical […]
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Hurricane Isaias, the first named hurricane of the 2026 Atlantic season, made landfall as a Category 2 storm near Destin, Florida, late Friday evening, bringing destructive winds, storm surge, and heavy rain that left hundreds of thousands of utility customers in the dark across the Gulf Coast and into the Southeast.Bloomberg If you have power, […]
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Crude moving through the Strait of Hormuz fell 27% in a week, to at least 10.1 million barrels a day, as tanker attacks picked up and Yemen’s Houthis warned everyone who works at a Saudi oil site. Here is what has actually been hit, what is only claimed, and how much oil can still get […]
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Isaias had 110 mph winds at 7 a.m. CDT Friday, on the cusp of major-hurricane strength, and is expected to come ashore between Mississippi and the Florida Panhandle tonight or early Saturday. It has already shut in 62.9% of Gulf oil output. Here is what the next one to three weeks could mean at the […]
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Prime Minister Mark Carney is moving ahead with a new Canada-EU “alliance” to be launched at the Canada-EU summit in Montreal on October 29-30, 2026. In an October 8 appearance in Sherbrooke, Quebec, he framed the step as advancing the relationship European Commission President Ursula von der Leyen floated on September 16—Canada as the EU’s […]
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