Category: Top News

Valero Charges Forward with California Refinery Shutdown: Newsom\’s Net Zero \”Victory\” Accelerates the Exodus of Oil and Gas from the Golden State

Clark Savage163

In a move that underscores the relentless squeeze on California\’s fossil fuel industry, Valero Energy has confirmed it will proceed with shutting down its Benicia refinery by April 2026, despite last-ditch negotiations with state officials. The 145,000-barrel-per-day facility, a cornerstone of West Coast refining since 1968, falls victim to what Valero cites as an unforgiving […]

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U.S. Interior Department Restores Canceled Leases to Alaska State Agency for Oil and Gas Development

Clark Savage169

The U.S. Department of the Interior has taken a significant step to boost domestic energy production by reopening the Arctic National Wildlife Refuge (ANWR) to oil and gas exploration and restoring previously canceled leases to an Alaska state agency. This move, announced on October 23, 2025, marks a reversal of policies from the previous administration […]

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US Oil Production is Booming and Demand is Driving It – Global Geopolitical Issues Set to Increase Prices

Clark Savage165

The United States continues to solidify its position as a global energy powerhouse, with crude oil production reaching record highs amid robust domestic demand for petroleum products. As of 2025, U.S. oil output is forecasted to average 13.53 million barrels per day (mb/d), building on the momentum from 2024\’s 13.24 mb/d. This surge is largely […]

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Oil Prices Up Today After Latest Sanctions and Drone Strikes Against Russia – What do Invesors look for?

Clark Savage143

Oil prices surged nearly 5% on Thursday, October 23, 2025, following the imposition of new U.S. sanctions on Russia\’s two largest oil companies and amid escalating Ukrainian drone strikes on energy infrastructure. Benchmark U.S. crude climbed 4.9% to $61.35 per barrel, while Brent crude rose about 5.4% to nearly $66 a barrel. This spike reflects […]

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Russian Oil Keeps Flowing: \”Sanctions Don\’t Work as Intended\”- Irina Slav

Clark Savage138

In the ever-evolving landscape of global energy geopolitics, one truth remains steadfast: Russian oil continues to flow unabated, defying the best efforts of Western sanctions to choke off Moscow\’s revenues. Despite intensified pressure from the United States and the European Union, export volumes from Russia show no signs of significant decline. Instead, key buyers like […]

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Recent Attacks on Energy Infrastructure in Hungary and Romania – Who did it is a huge question

Clark Savage142

On October 20, 2025, two major explosions occurred at oil refineries in Hungary and Romania, halting operations and raising widespread suspicions of coordinated sabotage. These incidents targeted facilities heavily reliant on Russian oil supplies, amid escalating geopolitical tensions over Europe\’s push to phase out Russian energy imports by 2028. No group has officially claimed responsibility, […]

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The US Needs to Restock the Strategic Oil Reserve – This would save money and jobs in the long run.

Clark Savage144

In a move aimed at bolstering national energy security, the United States needs to push forward with plans to replenish its Strategic Petroleum Reserve (SPR), which has been significantly depleted in recent years. President Donald Trump\’s administration has prioritized refilling the reserve, signaling a shift from previous drawdowns to a strategy focused on long-term preparedness […]

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Fossil Fuels to Dominate Global Energy Past 2050, and What Should Investors Look For?

Clark Savage127

In a rapidly evolving energy landscape, the latest insights from McKinsey\’s Global Energy Perspective 2025 paint a sobering picture for those banking on a swift transition to renewables. Despite aggressive global efforts to curb emissions, fossil fuels are projected to retain a dominant role in the world\’s energy mix well beyond 2050, accounting for 41-55% […]

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