Rey Trevino, Pecos Operating Company, and Podcast host for the Crude Truth stopped by the Energy News Beat Podcast. We had a blast filming at the Petroleum Club in Downtown Fort Worth. Hat tip to all of the great people at the Petroleum Club, making it a great place to have business meetings. Follow Rey […]
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In a significant sign that Gulf crude is once again finding its way to market, Kuwait is offering at least 4 million barrels of its main export-grade crude to Asian refiners—the first such sales to the region since the Iran war erupted in late February 2026. The volumes are loaded onto two very large crude […]
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The global oil tanker industry is riding an unprecedented wave of profits fueled by the ongoing Iran conflict, but shipowners are already bracing for a sharp reversal. According to a new Financial Times report, tanker owners are warning of a potential market crash if the Strait of Hormuz reopens or as broader market forces take […]
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The U.S. naval blockade of Iran, enforced since mid-April 2026, is delivering a measurable blow to Tehran’s oil-dependent economy. Iranian crude and condensate exports have plummeted from nearly 2 million barrels per day (bpd) earlier this year to below 300,000 bpd in May, according to trade intelligence firm Kpler. At conservative Brent prices around $90 […]
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U.S. forces conducted a maritime interdiction and boarded the stateless supertanker MT Davina (also known as Lenore) overnight in the Indian Ocean, the Pentagon and U.S. Indo-Pacific Command (INDOPACOM) confirmed on June 5, 2026. The vessel, a very large crude carrier (VLCC) capable of carrying up to two million barrels of oil, was operating as […]
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US military surveillance has documented nearly 1,000 commercial vessel transits through the Strait of Hormuz in the roughly two months since the US-Iran ceasefire took effect on April 8, 2026. The figure, shared by an official familiar with US Central Command operations, exceeds private-sector estimates that rely primarily on ship transponders (AIS data). Military analysts […]
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In a stark warning delivered at S&P Global’s Middle East Petroleum & Gas Conference in London, Vitol board member Tom Baker pulled no punches: “In Europe and I think in the US, everyone is kind of asleep at the wheel and just carrying on life as normal.” Vitol, one of the world’s largest independent oil […]
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The global LNG market, once prized for its transparency and reliability, is rapidly adopting the opaque tactics of the shadow oil trade. As the Iran conflict—sparked by U.S. and Israeli strikes in late February—continues to throttle flows through the Strait of Hormuz, major Gulf producers like Qatar and the UAE are turning off AIS transponders […]
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A wild ride today with Irina Slav, David Blackmon, Dr. Tammy Nemeth and Stu Turley You don’t want to miss this episode of the Energy Realities podcast with Irina Slav, Dr. Tammy Nemeth, David Blackmon, and Stu Turley as they cover the latest global trends in investments in energy. The IEA has released a report, […]
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In a breaking maritime incident that has sent ripples through global shipping and energy markets, a Panama-flagged vessel was struck by an unknown projectile, triggering a large explosion in the Arabian Gulf. The event occurred just hours after Iran announced it was suspending talks with the US until the IDF withdraws from Lebanon, raising fresh […]
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