In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]
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In a bold projection that underscores the enduring role of fossil fuels in the global energy landscape, Saudi Aramco has forecasted a 1.1 million barrels per day (bpd) increase in global oil demand for 2026, pushing consumption to unprecedented levels. This announcement, made by the world\’s largest oil exporter, comes amid ongoing debates about energy […]
Continue ReadingENB Pub Note: This is an outstanding article from Giacomo Prandelli\’s Substack \”The Merchants News\”. He has been on the Energy News Beat Podcast, and we are looking to have him on again. He is a great author, and we recommend subscribing to his Substack. Lloyds of London appears to be the holdup now, and […]
Continue ReadingIn a heated exchange during a recent G7 summit video call, UK Prime Minister Keir Starmer challenged U.S. President Donald Trump on his approach to Middle East policy, particularly regarding Iran\’s nuclear ambitions and regional influence. Starmer, echoing concerns from European allies, accused Trump of lacking a coherent strategy: \”You have no plan beyond bluster […]
Continue ReadingAs oil traders brace for the opening of markets on Monday, March 2, 2026, the escalating conflict between the United States, Israel, and Iran is shattering the prevailing narrative of an oil glut. For months, analysts have pointed to oversupply concerns, with Brent crude averaging around $63.85 per barrel in forecasts just days ago. But […]
Continue ReadingENB Pub Note: This article is from Andrew Korybko\’s Newsletter on Substack. There are many moving parts to the Iran conflict, and this article addresses a critical one. Watch in the coming weeks and see if the Venezuelan Monetary Controls are placed into effect in Iran, and you will see a key financial win for […]
Continue ReadingSaudi Arabia is flooding global markets with crude at the fastest pace in nearly three years, shipping 7.3 million barrels per day (b/d) in the first 24 days of February 2026 — the highest level since April 2023. Tanker-tracking data compiled by Bloomberg show the surge represents a jump of more than 400,000 b/d from […]
Continue ReadingBy Stuart Turley, Energy News Beat In a landscape where energy markets are increasingly shaped by geopolitical maneuvering, Vitol CEO Russell Hardy has sounded a note of caution—and opportunity—for the global oil trade. Speaking at the International Energy Week conference in London, Hardy highlighted how U.S. pressure on sanctioned oil flows from Russia and Iran […]
Continue ReadingIn the global race toward a sustainable future, China stands out as a powerhouse in renewable energy deployment. With record-breaking installations of solar panels and wind turbines, the nation has positioned itself as a leader in the \”clean energy\” revolution. However, beneath this green facade lies a stark reality: China\’s renewable sector is heavily reliant […]
Continue ReadingIn the volatile world of global energy markets, narratives can shift as quickly as oil prices. For months, headlines have painted a picture of an oil glut—abundant supplies keeping Brent crude hovering around $67 per barrel and WTI at $64. Yet, beneath this apparent surplus lies a fractured market, distorted by uncounted volumes of sanctioned […]
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