A recent KPMG survey of 275 Canadian manufacturing firms paints a stark picture: 42% have already shifted some or all production to the United States or are actively planning to do so. Of those, 29% have made the move, while another 13% intend to follow — with 77% of the planners expecting the shift within […]
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NB Pub Note: By RFE/RL staff – Jul 15, 2026 – I am old enough to remember a few years ago when a single tanker was hit by Iran, and oil jumped $30 per barrel. Russia has lost over 60% of its downstream capabilities, and in the last 3 weeks, over 90 vessels, including 20 tankers. The […]
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A South Korean-flagged Very Large Crude Carrier (VLCC) is making headlines today as it navigates the strategically vital Strait of Hormuz, marking the first such transit by a vessel from the East Asian nation since the onset of the 2026 Iran-related conflict and maritime disruptions. The Universal Winner (IMO 9837602, MMSI 440274000), operated by Seoul-based […]
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The warning signs are flashing brighter than ever. What began as a major supply disruption in the Middle East has rapidly evolved into a tightening global oil market where inventories are being drawn down at a record pace — and critically, not all of those barrels are actually accessible. A new analysis from Oilprice.com highlights […]
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President Donald Trump’s two-day summit with Chinese President Xi Jinping in Beijing (May 14-15, 2026) delivered a mix of tangible trade deliverables and diplomatic signaling on the Iran war—framed against a backdrop of disrupted global energy flows through the Strait of Hormuz. While no sweeping new trade war truce or grand bargain emerged, both sides […]
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As a record armada of crude oil tankers steams toward the U.S. Gulf Coast to load American barrels—171 vessels en route in April 2026, with 28 VLCCs already fixed for May loadings alone—another surge is unfolding downstream. U.S. crude cargoes transiting the Panama Canal are now exceeding 200,000 barrels per day (bpd) in the first […]
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A record armada of crude oil tankers is steaming toward the U.S. Gulf Coast in April 2026. Maritime intelligence from Windward shows roughly 171 crude tankers en route—well above the typical monthly average of about 110. Market data firm Kpler reports that 28 Very Large Crude Carriers (VLCCs), each capable of hauling up to 2 […]
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An Energy News Beat Analysis of Volumes, Customers, Revenues, and Key Players Venezuela holds the world’s largest proven crude oil reserves — approximately 303 billion barrels — yet its actual output and exports have been a fraction of that potential for years due to decades of underinvestment, infrastructure decay, mismanagement, and shifting international sanctions. Oil […]
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In a rapidly evolving global energy landscape, recent U.S. actions in Venezuela, combined with broader monetary and diplomatic strategies, are reshaping oil and gas markets. These shifts aim not only to stabilize prices and bolster the U.S. dollar but also to foster peace by undermining adversarial networks that fund conflicts like the war in […]
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In the midst of escalating tensions in the Middle East, the Strait of Hormuz— a critical chokepoint for global energy supplies— remains largely impassable for most commercial vessels. As of March 7, 2026, only Iran-linked ships are braving the waters, while hundreds of others linger in limbo, awaiting resolution to a burgeoning insurance crisis. This […]
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