Tankers burning in Hormuz, and Secretary Wright is highly confident Europe will dump emergency diesel stocks

Tankers are burning in the Strait of Hormuz, visible traffic through the waterway has collapsed to a fraction of normal levels, and U.S. Energy Secretary Chris Wright says he is “highly confident” Europe will draw down emergency diesel stocks to ease a global shortage. The combination is keeping a firm geopolitical premium in crude while […]

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What Should Investors Look at After Secretary Chris Wright\’s Trip to Venezuela?

In a landmark visit marking the highest-level U.S. energy-focused trip to Venezuela in nearly three decades, U.S. Energy Secretary Chris Wright met with interim President Delcy Rodríguez and oil executives in Caracas. The February 2026 trip comes amid the Trump administration\’s efforts to revitalize Venezuela\’s beleaguered oil sector following the capture of former President Nicolás […]

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