Moscow is keeping diesel at home through the end of October. That decision lands on a European market that has already lost its old Russian supply line, is watching Saudi crude and product routes seize up, and is about to hear from the Bank of England on interest rates. The combination is not a single […]
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Diesel prices in the United States have smashed through records, topping $6.31 a gallon nationally as of September 16, 2026. Truckers, farmers, and households feel it immediately. Heating oil, chemically similar to diesel, is following the same path. With midterms weeks away, the political pressure is intense. Senate Majority Leader John Thune said he is […]
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The question in Washington is whether President Trump will treat that extra Russian oil as a problem to sanction—or as barrels he can use to keep gasoline and diesel from becoming a midterm disaster. That is the market story of September 15, 2026. It is also a political story. Prices jumped because Saudi’s safety valve […]
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President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskyy to halt strikes on Russian oil refineries that produce diesel, arguing the attacks are driving a global fuel shortage and record U.S. prices just weeks before the November midterm elections. Speaking to reporters on the sidelines of the Amgen Irish Open at his Doonbeg […]
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The Middle East energy map tightened sharply over the past week even as China resumed heavier crude buying. Houthi forces seized key Red Sea positions including Mocha and Perim Island, tightening control over the Bab el-Mandeb Strait and targeting Saudi-linked vessels. Drones originating from Iraq struck Saudi Arabia’s East-West pipeline, prompting a precautionary shutdown of […]
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We have an action-packed podcast lined up with Doomberg and Steven Wang, CEO of Jackery Americas. We’ll cover the new executive order on the United States grid’s transformers, supply chain, and key components. Some of these components have years-long resupply times in a disaster, and many people could be without power for considerable periods. The […]
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Late last month, Prime Minister Mark Carney pulled Canadian negotiators from the table and walked away from what the White House called the most preferential market access any country had received. The United States had proposed deep cuts on steel, aluminum, autos, lumber, and more. Carney rejected it. On September 8, Canada’s dollar-for-dollar retaliatory tariffs […]
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The U.S. government receives a 35% equity stake in NABEP’s corporate parent via the Department of War’s Office of Strategic Capital, a guaranteed right to buy 20% of offtake at production cost, and a right of first refusal on the remaining 80%. U.S. governance rights include veto power over board appointments, a requirement that a […]
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President Donald Trump is scheduled to sit down Tuesday afternoon, September 1, with executives from at least 10 U.S. fuel makers and distributors. The agenda is straightforward and politically urgent: persistently high gasoline and diesel prices, what the industry can do about them, and how to expand domestic refining capacity. We hope he looks for […]
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ENB Pub Note: This article first ran on The Crude Truth Substack, and I agree with Rey Trevino’s viewpoints. I would also add that Bloomberg is reporting this morning that Venezuela is weighing the benefits of remaining in OPEC. Now that it is not selling oil to China at a huge discount, it will be […]
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