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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By Alejandro Lazo, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. California is considering handing oil refineries and other major polluters billions of dollars in free emission allowances just as the state says carbon reductions need to come faster than ever. In the last six months, two refineries have closed […]
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Vietnam’s largest refinery, the Nghi Son Refinery and Petrochemical LLC (NSRP), has confirmed it will maintain stable operations through the end of June 2026. According to a company statement reported by Bloomberg, the facility is actively diversifying its crude oil supply by strengthening cooperation with both domestic and international suppliers across multiple regions. The 200,000 […]
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In a developing story that underscores the growing cyber vulnerabilities in America’s energy infrastructure, CNN reported on May 15, 2026, that hackers have breached systems monitoring underground fuel storage tanks at gas stations across multiple U.S. states. U.S. officials suspect Iranian actors are responsible, though definitive attribution remains elusive due to a lack of forensic […]
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In a 218-203 vote on May 13, 2026, the U.S. House of Representatives passed legislation that would greenlight year-round, nationwide sales of E15 gasoline—a blend containing 15% ethanol. This is also part of Big Oil companies and refineries ganging up on smaller refineries, trying to wipe them out. That is also a major point I […]
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The International Energy Agency (IEA) has delivered a stark warning: global oil demand is now on track to contract sharply in 2026 amid the ongoing Strait of Hormuz supply shock triggered by the Iran war. What began as a geopolitical disruption has morphed into a full-blown demand destruction event, with high prices, scarce supplies, and […]
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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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