Category: Geopolitical

The U.S.–Venezuela oil deal does more than reroute barrels. Its second-order effects strike at the heart of China’s two-decade oil-for-loan model in Caracas: who controls production, who prices the crude, who books the cargoes, and who decides whether Beijing ever gets repaid.

Clark Savage132

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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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 Savage146

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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Russia’s surprise return to a G20 finance meeting in Asheville, North Carolina, this week laid bare a widening rift.

Clark Savage63

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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Global Diesel Shortage on the Horizon

Clark Savage137

If you think diesel prices will ease next year, Wall Street is not with you. On August 31, 2026, CoinBureau founder Nic Puckrin flagged Goldman Sachs for more than doubling its 2027 diesel-margin forecasts, arguing that refineries are being hit from every direction—Middle East strikes, Russian export bans, and winter demand—with diesel at the epicenter […]

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Will NASAPEC Become The New OPEC?

Clark Savage62

ENB Pub Note: This is from Andrew Koryboko’s Substack, and I find it very interesting. Venezuela is more than just oil; it is about global corruption, and we will be covering that on future podcasts.   The US’ newly formalized control over the majority of Venezuela’s oil reserves and Caracas’ potential withdrawal from OPEC could see […]

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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 […]

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