Independent “teapot” refiners in China — the smaller, privately owned facilities concentrated in Shandong province that account for roughly a quarter of the country’s refining capacity — are slashing production rates as the ongoing paralysis in the Strait of Hormuz drives crude prices higher and crushes refining margins. According to industry sources cited by Reuters […]
Continue Reading
This means restoring normal supply-demand equilibrium, rebuilding severely depleted global inventories, repositioning tankers and supply chains, restarting/rebalancing production flows, ending demand rationing/destruction, and removing the geopolitical risk premium that has driven price volatility and tightness. Nasser emphasized that simply reopening shipping routes (like the Strait of Hormuz) is not the same as market normalization, due […]
Continue Reading
In a stark warning that underscores the fragility of the global oil market amid the ongoing disruption in the Strait of Hormuz, analysts at Morgan Stanley have declared the oil market is in a “race against time.” The investment bank’s commodity team, led by Martijn Rats, cautions that key market buffers — built up before […]
Continue Reading
Hungary’s newly elected government is already testing Brussels’ resolve on energy policy. In a move that could signal growing fractures within the EU, Prime Minister Péter Magyar’s administration has signaled it will continue purchasing Russian energy if it remains the cheapest and most reliable option—directly challenging the bloc’s binding phase-out rules under the REPowerEU framework. […]
Continue Reading
Maryland ratepayers are staring down an estimated $1.6 billion hit to their electric bills over the next decade—roughly $345 per household—to fund transmission upgrades driven largely by data centers in Northern Virginia. The state’s Office of People’s Counsel (OPC) has filed a formal complaint with the Federal Energy Regulatory Commission (FERC), arguing that PJM Interconnection’s […]
Continue Reading
In a sharp rebuke that underscores the Trump administration’s “maximum pressure” doctrine, President Donald Trump has rejected Iran’s latest peace proposal as “totally unacceptable,” signaling that backchannel talks remain deadlocked and energy markets could face renewed volatility. The rejection comes amid a fragile ceasefire that has held since early April 2026 but is now strained […]
Continue Reading
The U.S. nuclear fleet has seen dozens of reactors permanently shut down over the decades, driven by economics, aging infrastructure, regulatory decisions, and events like the 1979 Three Mile Island accident. As of 2026, the country operates around 94 commercial reactors with roughly 97 GW of net capacity. However, more than 40 commercial power reactors […]
Continue Reading
ENB Pub Note: This article was originally run on David Blackmon’s Substack, and we highly recommend subscribing. Ethonal needs to go away and have an organized move out of the market. This needs to be shut down, as it is worse for the environment, and ruins cars and shortens their useful life. Unless you are in favor […]
Continue Reading
San Antonio is at the center of Texas’ booming data center surge, driven by AI and hyperscale computing. Roughly two dozen facilities in far western Bexar County already draw about 324 megawatts (MW) from CPS Energy. Projections show new centers could add another 2,700 MW by the end of 2028 and push total demand above […]
Continue Reading
On May 8, 2026, an explosion and fire rocked the Chalmette Refinery in Chalmette, Louisiana, just east of New Orleans. Operated by PBF Energy, the facility processes roughly 185,000–190,000 barrels per day (bpd) of crude into gasoline, diesel, jet fuel, and specialty products. The incident occurred around 12:50–1:00 p.m. CDT in an operating 17,500-bpd reformer […]
Continue Reading