As Europe races to eliminate its remaining dependence on Russian natural gas by late 2027, a long-dormant project is suddenly back in the spotlight. The proposed Trans-Caspian Pipeline (TCP) — a roughly 300-kilometer subsea link across the Caspian Sea from Turkmenistan to Azerbaijan — could deliver a significant new source of non-Russian pipeline gas to […]
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The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026—marking the end of nearly 60 years of membership since 1967. This move strips OPEC of its third-largest producer and delivers a significant blow to the cartel’s ability to […]
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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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Europe is staring down a jet fuel supply crunch that could disrupt summer travel as early as June, with imports from the Middle East — historically its largest external source — completely halted this month. California, already grappling with refinery closures and heavy reliance on strained Asian imports, is only weeks behind, with tanker tracking […]
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The European Union’s energy policymakers have spent years touting their “REPowerEU” strategy as a masterstroke of independence from Russian fossil fuels. Yet in March 2026—mere weeks after the EU began rolling out its formal ban on short-term Russian LNG purchases—the bloc imported more Russian liquefied natural gas than in any month on record. According to […]
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In a landmark testimony before the Senate Appropriations Subcommittee and follow-up statements, U.S. Treasury Secretary Scott Bessent has outlined a bold new strategy: expanding permanent dollar swap facilities with Gulf and Asian allies to reinforce U.S. dollar dominance amid global energy shocks. This comes as the traditional petrodollar framework—anchored by a 50-year arrangement with Saudi […]
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Satellite observations from the Payne Institute for Public Policy at the Colorado School of Mines reveal a notable divergence in upstream gas flaring trends across the Middle East in early 2026. While countries like Iraq, the UAE, Qatar, and Saudi Arabia showed sharp declines in flaring activity amid regional conflict, Iran registered a net increase of 84 […]
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When you follow bad energy policies, bad things happen. And California has tried to emulate EU and UK standards on carbon taxes, Net Zero, and the elimination of oil products. That’s the good news, and the bad news is they both are in trouble with spiking diesel, gasoline, and how are they going to fix […]
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ENB pub Note: This article ran on David Blackmon’s Substack and validates several articles we have published here on Energy News Beat. We recommend subscribing to David’s Substack. David and Stu Turley will be on a Podcast this week with Tim Stewart, President of the US Oil & Gas Association. Six weeks after I wrote […]
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As the Iran war enters its third month, the world is staring down the barrel of the largest oil supply disruption in history. The Strait of Hormuz—the chokepoint for roughly one-fifth of global petroleum trade—has been effectively closed to most non-Iranian shipping since early March 2026. Bloomberg’s latest analysis warns that the resulting “billion-barrel oil […]
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