On paper, this looks like an org chart. In practice, it is a financing and accountability decision. Gulf national oil companies have spent the last several years listing or monetizing everything except the core oil barrel. ADNOC listed pieces of gas, drilling, and retail. Aramco already listed SABIC and has raised billions against pipelines and […]
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Ineos, the chemicals giant owned by Sir Jim Ratcliffe, is idling all three of its world-scale acetyls plants in Hull, northern England. The facilities—Europe’s last remaining plants of their kind—produce essential feedstocks for pharmaceuticals, clothing, cosmetics, detergents, construction materials, and military explosives. Two have already stopped production; the third will follow in days. The site […]
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The market got a supply headline it has been waiting for. Saudi Arabia has restarted the East-West Pipeline and could resume loadings from Yanbu on the Red Sea as soon as Tuesday, according to sources briefed on the matter. The line is still pumping at a low rate after drone strikes forced a shutdown around […]
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Energy News Beat — President Donald Trump and President Xi Jinping meet in Washington on Thursday, September 24. The agenda is broader than energy. For the U.S. LNG industry, the meeting is still one of the most important political events of the year. China is the world’s largest LNG importer. The United States is the […]
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Special Guest Richard Norris Pandreco on the Energy Realities Podcast with Dr. Tammy Nemeth, David Blackmon and Stu Turley In this episode of the Energy Realities podcast, hosts David Blackmon, Stu Turley, and Dr. Tammy Nemeth sit down with Dr. Richard Norris, managing director at Pandrako Advisors and author of the Energy IQ Substack, […]
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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 […]
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How a policy sold as climate leadership transferred industrial power, energy security, and emissions to Beijing. David Blackmon put it as bluntly as anyone in energy journalism has: every facet of the West’s net-zero obsession and taxpayer-subsidized “energy transition” is designed, in practice, to benefit one country. That country is China. On September 20, 2026, […]
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The global diesel squeeze just absorbed another shock. Overnight into Sunday, Ukrainian drones reached the Gazprom Neft Moscow Oil Refinery in Kapotnya — about 16 miles, or 25 kilometers, from the Kremlin — during what Russia called the largest drone barrage of 2026. This was not a one-off raid on a storage tank. It was […]
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Oil and liquefied natural gas moving through the Strait of Hormuz over the past two weeks reached a six-month high, U.S. Central Command chief Adm. Brad Cooper said Saturday, crediting mine clearance, naval escorts, and coordination with Gulf producers, insurers, and shipowners. The same briefing drew a sharp contrast: Gulf partners have moved more than […]
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Saudi Arabia’s capital came under direct threat early Saturday as air-raid alerts sounded over Riyadh and explosions were heard, followed by a large plume of black smoke rising from a fuel storage depot at King Khalid International Airport. The incident marks the first time Houthi attacks have visibly affected the Saudi capital since fighting with […]
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