Russian President Vladimir Putin has proposed a trilateral summit with U.S. President Donald Trump and Chinese President Xi Jinping next month to discuss ending the war in Ukraine, according to an exclusive Wall Street Journal report cited by Bloomberg and other outlets on October 18-19, 2026.Bloomberg The idea was first raised during a phone call […]
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On Thursday, the International Energy Agency agreed to accelerate the release of more than 20 million barrels of diesel, with no timeline. By our math, that is about 17 hours of world demand, or five days of U.S. use. Emergency barrels help, but they do not build refineries. – The key is whether they actually […]
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Europe’s remaining coal plants are generating unexpected profits while Asia burns more coal to fill an LNG gap created by Middle East disruptions. Global demand is heading for a record high in 2026. The rebound is real but uneven, largely temporary in the West, and more structural in Asia—until nuclear and cleaner alternatives scale meaningfully. […]
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European benchmark natural gas prices remain near multi-year highs in mid-October 2026, approaching levels last seen at the end of 2022. The Dutch Title Transfer Facility (TTF) front-month contract traded around €86 per megawatt-hour (MWh)—roughly $96.50/MWh—after a sharp rally driven by constrained Middle East LNG supplies and historically low storage heading into winter. Prices have […]
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Oil prices fell about 2% on October 15, 2026, after reports that the Trump administration is considering easing sanctions on vessels in the so-called “shadow fleet.” Brent crude futures dropped about $2.28 (2.2%) to around $103.78 a barrel, while WTI fell about $1.34 (1.4%) to roughly $93.75, reversing prior gains. The move reflected hopes that […]
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The Iran war that began around February 28, 2026, with U.S.-Israeli strikes and subsequent Iranian responses, has reshaped OPEC+ crude production and, more sharply, refined product exports. Pre-war levels (roughly February 2026) represented a relatively stable baseline after earlier OPEC+ quota management. Current output remains under significant stress from Strait of Hormuz disruptions, infrastructure attacks, […]
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On October 14, 2026, President Donald Trump posted on Truth Social that “Massive Oil, Gas, and Mineral Exploration is getting ready to begin in our new and beautiful Greenland.” He added that experts claim the amount of easily available oil is far greater than that of almost any land anywhere in the world, and that […]
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Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]
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Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday, October 12–13, 2026, that it struck a third “violating” or “offending” supertanker in the Strait of Hormuz within roughly 48 hours, sparking an onboard fire. The IRGC stated the vessel had switched off its navigation systems, ignored warnings, and attempted to exit via an unauthorized […]
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Diesel costs $2.60 a gallon more than it did a year ago, and Election Day is three weeks out. The White House wants Ukraine to stop hitting Russian refineries so Russia can sell diesel again. Moscow has not confirmed the truce, a Kharkiv power plant was hit within hours, and a bipartisan group of senators […]
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