In a strategic move amid escalating geopolitical tensions, Saudi Arabia is ramping up efforts to bypass the disrupted Strait of Hormuz by utilizing its East-West Pipeline, also known as Petroline. This backup infrastructure allows the kingdom to redirect crude oil from its eastern fields to the Red Sea port of Yanbu, avoiding the chokepoint that\’s […]
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In the wake of escalating geopolitical tensions and a rapidly evolving global energy landscape, Russia is decisively pivoting its gas and oil exports eastward. This strategic shift, driven by lucrative opportunities in Asia amid disruptions from the ongoing Iran conflict, is reshaping international energy dynamics. As Deputy Prime Minister Alexander Novak recently confirmed, negotiations are […]
Continue ReadingENB Pub Note: This is an outstanding article from Andrew Korybko\’s Newsletter on Substack. What he does not mention in the article is that if you tie the Venezuelan pricing controls that Stu Turley expects to be dropped onto Iran, and possibly Iraq, it really starts to show the refining of the global oil markets. […]
Continue ReadingThe Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, remains one of the world\’s most vital energy arteries. In 2024, approximately 20 million barrels per day (b/d) of crude oil, condensate, and petroleum products transited this chokepoint, representing about 20% of global petroleum liquids consumption. Additionally, around one-fifth […]
Continue ReadingAs the world’s two largest oil importers grapple with geopolitical risks, supply disruptions, and the imperative of energy security, both China and India are pouring billions into boosting domestic oil and gas output. While progress varies sharply between the two Asian giants, the shared strategy underscores a long-term bet on self-reliance — even as new […]
Continue ReadingENB Pub Note: This is another interesting article from Andrew Korybko\’s Substack newsletter. The cascading consequences of such a blockade, which might not ultimately be imposed due it entailing a high risk of war with Iran, could simultaneously weaken Russia, India, and China. The Wall Street Journal reported that Trump 2.0 is considering imposing a Venezuelan-like oil […]
Continue ReadingThis article is from Andrew Korybko\’s Substack and Stu Turley will cover this on the next Energy News Beat Stand Up. The more pressure from the US military on the Dark Fleet appears to be an interesting way to end the Ukraine War. We will all be glad when that is done. A new US […]
Continue ReadingENB Pub Note: This is an interesting article from Andrew Korybko\’s Substack newsletter. We recommend subscribing as he has an interesting look into geopolitical aspects. Stu Turley believes that when the Russia-Ukraine war is over, new trading blocs will form, and Russia will be at the forefront of them. India is very important to the […]
Continue ReadingIn the volatile world of global energy markets, narratives can shift as quickly as oil prices. For months, headlines have painted a picture of an oil glut—abundant supplies keeping Brent crude hovering around $67 per barrel and WTI at $64. Yet, beneath this apparent surplus lies a fractured market, distorted by uncounted volumes of sanctioned […]
Continue ReadingENB Pub Note: This article is from Andrew Korybko\’s Substack and has some interesting points. The US might be disappointed, but India’s oil imports have always been driven by market conditions, and neither American nor Venezuelan oil is likely to replace Russian oil at scale anytime soon. The most scandalous part of the Indo-US trade deal was […]
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