Category: Energy Crisis

Chinese refiners are paying record premiums for Russian ESPO crude as cheap sanctioned barrels from Iran dry up and Venezuelan oil moves onto the open market.

Clark Savage147

November-loading ESPO from Kozmino is trading at more than $7 per barrel over Brent, with some offers to independent refiners reaching $10, according to traders cited by Bloomberg and OilPrice.com. That is a sharp reversal from the deep discounts China extracted for years. ESPO loads on Russia’s Pacific coast and reaches Chinese ports in less […]

Continue Reading

UK refineries are being killed off by high carbon costs. How U.S. Blue States are following the same playbook

Clark Savage89

Britain’s downstream oil sector is shrinking in real time. Two refineries closed in 2025—Grangemouth in April and Lindsey in August—leaving only four operating sites: Fawley, Humber, Pembroke, and Stanlow. Liquid fuels still account for 47 percent of UK final energy consumption. There are no scalable near-term substitutes for diesel in freight, agriculture, and construction or […]

Continue Reading

Norway Breaks Ranks: The First Crack in Europe’s Net-Zero Facade

Clark Savage49

ENB Pub Note: This is an outstanding article from Dr. Tammy Nemeth on the Nemeth Report Substack. We highly recommend subscribing!  Norway has punctured the illusion that Europe’s net-zero transition is attainable. At the end of August, Energy Minister Terje Aasland not only declared that Norway as Europe’s “green battery” was “a flawed idea”, but also made clear […]

Continue Reading

The Everything Shortage: Why Global Supply Chains Are Breaking and What It Means for Energy Markets

Clark Savage90

The world is short of nearly everything. Shipping routes are under attack, refineries are maxed out, and energy policies have backfired. In this episode, commodities expert Jack Prandelli breaks down the “everything shortage”—the interconnected crises in oil, gas, food, and critical minerals that are reshaping geopolitics and creating the next commodity super-cycle. Discover why diesel […]

Continue Reading

Life Will Find Away, and Oil Finds Markets

Clark Savage86

Welcome to the Energy News Beat podcast, where hosts Stu Turley and Rey Trevino (Pecos Operating) break down nine major stories shaping the global energy landscape. In this episode, they explore how oil and diesel markets are adapting to geopolitical disruptions—from Saudi Arabia’s innovative shuttle tanker routes around the Houthis to China’s strategic pivot toward […]

Continue Reading

Jeff Currie Dropping the Truth on CNBC

Clark Savage123

Jeff Currie, founder and CEO of Real Macro and a veteran commodities strategist formerly of Goldman Sachs and Carlyle, appeared on CNBC’s Squawk Box on August 26, 2026, and cut through the usual noise. The segment title said it plainly: “The Strait of Hormuz is just one of many choke points being squeezed right now.” […]

Continue Reading