Berlin is talking to its own energy companies about filling gas storage without the government walking into the market and buying molecules itself. That is the story Bloomberg reported today, and it is the tell that Germany’s summer refill has not gone to plan. Officials have been discussing how Uniper SE and SEFE — both […]
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ENB Pub Note: This article is from Andrew Korybko’s Newsletter, and we recommend subscribing to his Substack. It has some interesting Geopolitical Points. Indefinitely perpetuating the Ukrainian Conflict through these means indefinitely delays the full implementation of the US’ planned “Pivot (back) to (East) Asia”, can lead to Russia selling its natural resource wealth to China […]
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Physical tightness, high product cracks, and China’s selective rebound in buying are supporting prices, but inventories, China’s still-subdued import volumes, and the existing backwardation already price in a good deal of risk. What the OilPrice article and related reporting show The Sept. 7 OilPrice piece (and the overlapping Bloomberg coverage it draws on) reports that […]
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U.S. Central Command struck three Islamic Revolutionary Guard Corps-linked crude oil tankers on September 5 after Iran fired ballistic missiles at two U.S. Navy warships in regional waters. The American ships evaded the attack. No U.S. personnel were harmed. Tehran’s shadow fleet paid the bill. That is the energy war in one exchange: Iran shoots […]
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President Donald Trump’s late-August 2026 arrangement with North American Blue Energy Partners (NABEP) grants the company 100-year rights over 17 fields in Lake Maracaibo and the Orinoco Belt, holding an estimated 65 billion barrels—about one-fifth of Venezuela’s proven reserves. NABEP plans as much as $100 billion in infrastructure investment. The U.S. government receives rights to […]
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This is a Joint Podcast with David Blackmon, and Stu Turley on both podcast platforms. The Jones Act: America’s Self-Inflicted Economic Wound In this episode of the Energy Newsbeat Podcast, hosts Stu Turley and David Blackmon sit down with Colin Grabow, Associate Director of the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, […]
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After coordinated IEA releases during the Iran war and earlier drawdowns that were never fully replaced, SPR crude sits at 286.6 million barrels as of the EIA week ending August 28, 2026 — about 40% of authorized 714-million-barrel capacity and the lowest level since the early 1980s. That level already sits inside the band most […]
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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 […]
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European attendees openly scorned the presence of Russian Finance Minister Anton Siluanov, who attended at the invitation of the Trump administration—the first in-person Russian participation since the 2022 invasion of Ukraine. German Vice Chancellor and Finance Minister Lars Klingbeil called the signal “quite troubling” and insisted “you cannot simply return to normality.” European officials refused […]
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Dr. Tammy Nemeth leads the fun discussion with David Blackmon and Stu Turley In this episode of the Energy Realities Podcast, host Dr. Tammy Nemeth brings together energy industry veterans David Blackmon and Stu Turley for an in-depth roundtable discussion on the seismic shifts reshaping global energy markets. From a landmark Venezuelan oil deal that […]
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