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. […]
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In a candid interview at the Milken Institute Global Conference, Chevron Chairman and CEO Mike Wirth delivered a sobering assessment of the global oil market: the industry’s traditional “shock absorbers” — commercial inventories in tanks, oil on tankers (including shadow fleet vessels), and strategic petroleum reserves — have been significantly drawn down in recent months […]
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Oil markets are set for continued wild swings in the coming weeks as investors grapple with uncertainty over a potential U.S.-Iran deal to end the ongoing conflict and reopen the Strait of Hormuz. Citigroup’s global head of commodities research, Max Layton, captured the mood perfectly in a May 7 Bloomberg Television interview: “It’s very difficult […]
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In a sobering Bloomberg TV interview highlighted in a widely shared X post today, Eric Nuttall — Partner and Senior Portfolio Manager at Ninepoint Partners — warned that the world is experiencing the biggest energy crisis any living person has ever seen. With Middle East oil production slashed by approximately 14 million barrels per day […]
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In a stark warning to markets, CEOs from America’s largest oil companies say the global crude market is rapidly approaching a critical “cliff’s edge.” With the Strait of Hormuz effectively closed for months amid the ongoing U.S.-Israel conflict with Iran, commercial stockpiles, strategic reserves, and pre-war floating crude are being burned through at an alarming […]
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Tesla’s energy storage division—once a quiet, high-margin moneymaker that outpaced the company’s slowing EV sales—has hit an unexpected bump. Bloomberg’s latest report highlights how the battery business, which fueled rapid revenue growth amid softening auto demand, suddenly stalled in early 2026. In Q1 2026, Tesla deployed just 8.8 GWh of energy storage products—down about 15% […]
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In the energy markets, there’s no single “oil price” anymore — and today’s fractured reality proves it. As highlighted in a sharp analysis posted this morning by commodity trader Jack Prandelli, the spreads tell the real story: Forties (physical) → $134 Dated Brent (physical) → $116 Brent futures → $99 WTI → $87 Canadian crude […]
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This is from the Doug Sheridan LinkedIn account. We highly recommend following and connecting with Doug Sheridan. The great Javier Blas writes in Bloomberg, over the years, liberals became increasingly hostile to fossil fuels as the evidence of climate change accumulated. From 2020 onward, the hostility turned into militant opposition, culminating with Biden’s election slogan of […]
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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 […]
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Energy News Beat Exclusive Analysis – Stu Turley Diesel prices are surging across key markets—and rising faster than gasoline or petrol in many places. As Sky News economics editor Ed Conway highlighted in his widely shared X post and video primer (posted March 31, 2026), this isn’t just another blip in the energy markets. It’s […]
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