A forecast is not a plan. A storage target is not a molecule. And a press release about “diversified supply” does not fill a cavern in Bavaria when the cargo is sitting in the Pacific because Seoul or Dhaka paid more. As of late September 2026, the European Union is heading into the heating season […]
Continue Reading
President Donald Trump announced Monday that the United States is working on a “massive Deal” to purchase potash from Belarus at substantially lower prices than those paid to Canada. The move is a direct response to the breakdown in U.S.-Canada trade talks and another concrete example of an America First strategy that prioritizes American farmers, […]
Continue Reading
The oil market is no longer one price. It is a map. Javier Blas put the new arithmetic on the table in Bloomberg Opinion on September 21: hiring a Very Large Crude Carrier from the Persian Gulf to Asia has jumped twelvefold in a few months to a record $1.1 million a day. Translate that […]
Continue Reading
On September 16, 2026, European Commission President Ursula von der Leyen used her State of the Union address in Strasbourg to invite Canada to become the European Union’s first “associate member.” Canadian Prime Minister Mark Carney sat in the front row as guest of honor. The chamber gave him a standing ovation. Von der Leyen […]
Continue Reading
Veteran commodities strategist Jeff Currie says the odds that the U.S. average gasoline price hits $5 a gallon before the November midterms are “extremely high.” The former Goldman Sachs commodities chief, now founder and CEO of Real Macro and co-founder of 1947 Oil and Gas, told Bloomberg the energy shock has entered a dangerous new […]
Continue Reading
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 […]
Continue Reading
ENB Pub Note: This article first ran on The Crude Truth Substack, and I agree with Rey Trevino’s viewpoints. I would also add that Bloomberg is reporting this morning that Venezuela is weighing the benefits of remaining in OPEC. Now that it is not selling oil to China at a huge discount, it will be […]
Continue Reading
Energy News Beat | August 27, 2026 The U.S. diesel market is doing what tight commodity markets always do: it is advertising the shortage in the only language that matters — price. For the week ending August 21, EIA distillate stocks fell 2.2 million barrels, or 2.1%, to 103.4 million barrels. That is the lowest […]
Continue Reading
Prime Minister Mark Carney’s government has accelerated efforts to deepen Canada’s economic and security ties with the European Union, framing diversification as essential amid escalating trade friction with the United States. Official statements and actions indicate a strategic pivot toward Europe (and select other partners) rather than prioritizing new comprehensive U.S. trade arrangements beyond existing […]
Continue Reading
ENB Pub Note: This article originally appeared on David Blackmon’s Substack; we highly recommend subscribing. We will be covering this on several podcasts this week. This also brings in the Hydro Connection from Canada to New York City that we have covered. It is not wise to spend billions on importing energy without alternative sources – just […]
Continue Reading