The world is facing its most severe oil and gas supply crunch in history, triggered by the ongoing Middle East conflict and prolonged disruptions to flows through the Strait of Hormuz—the chokepoint carrying roughly 20% of global oil. What began in late February as a short-term geopolitical flashpoint has evolved into a structural crisis, with […]
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In a striking parallel amid the ongoing U.S.-Israel conflict with Iran, two distant regions—sub-Saharan Africa’s Mozambique and the U.S. West Coast’s California—are facing acute fuel supply pressures. Both heavily rely on petroleum products whose supply chains trace back to the Strait of Hormuz, the critical chokepoint through which roughly 20-25% of global seaborne oil and […]
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In an era of geopolitical turmoil—from conflicts in the Middle East to supply chain disruptions—energy security is no longer a luxury but a strategic imperative. Countries worldwide are shifting from reliance on imported refined products to building domestic refining capacity and ramping up drilling programs. This “energy starts at home” approach not only insulates economies […]
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ENB Pub Note: This story was published on Watt-Logic by Kathryn Porter and is fantastic. We recommend subscribing to her Newsletter. We are reaching out to get her back on the Energy News Beat Podcast. (Kaythryn Porter ) I gave this speech at the Cirrus Investor Conference in Namibia last week: . Ladies and gentlemen, […]
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As of April 11, 2026, the global oil market is split into two. On one side sits the “paper” market — the futures contracts and financial instruments that most investors, analysts, and headline writers track. On the other hand is the physical, or delivery, market — the actual barrels of crude that refiners must load […]
Continue ReadingOn a continent rich in untapped hydrocarbon resources, Africa is positioning itself as a prime destination for oil and gas investments amid global energy demand. From legacy producers like Nigeria and Angola to emerging frontiers such as Namibia and Mozambique, African nations are reforming fiscal policies, licensing rounds, and production-sharing agreements to lure international capital. […]
Continue ReadingThe African Energy Chamber (AEC) has released its highly anticipated State of African Energy 2026 Outlook, painting a picture of steady growth and untapped potential in Africa\’s onshore oil and gas sector. According to the report, onshore hydrocarbon spending across the continent is projected to reach $22 billion in 2026, driven by optimization at mature […]
Continue ReadingIn the dynamic world of energy production, the United States continues to defy expectations. Despite a stagnant rig count, U.S. crude oil output has reached unprecedented heights, showcasing remarkable efficiency gains and technological advancements in the industry. This trend highlights how operators are squeezing more production from fewer rigs, a testament to improved drilling techniques […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, Stu Turley sits down with Cyrus Brooks of RBAC and Anne Atkinson Hyre, Executive Director of the Bettering Human Lives Foundation, to tackle the global energy poverty crisis. Over 2 billion people still rely on firewood, charcoal, or dung for cooking, facing severe health risks, environmental […]
Continue ReadingIn a recent address at a conference in London, ExxonMobil CEO Darren Woods provided insights into the future of the global oil market, painting a picture of potential supply constraints ahead. As the head of one of the world\’s largest energy companies, Woods\’ comments carry significant weight for the industry, highlighting a shift from current […]
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