Berlin is talking to its own energy companies about filling gas storage without the government walking into the market and buying molecules itself. That is the story Bloomberg reported today, and it is the tell that Germany’s summer refill has not gone to plan. Officials have been discussing how Uniper SE and SEFE — both […]
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The war that began on February 28, 2026, with U.S. and Israeli strikes on Iran, and Iran’s subsequent campaign against tanker traffic in the Strait of Hormuz, has forced the largest rewrite of global oil trade routes in decades. Pre-war, roughly 20 million barrels per day of crude and products moved through Hormuz. Flows have […]
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European attendees openly scorned the presence of Russian Finance Minister Anton Siluanov, who attended at the invitation of the Trump administration—the first in-person Russian participation since the 2022 invasion of Ukraine. German Vice Chancellor and Finance Minister Lars Klingbeil called the signal “quite troubling” and insisted “you cannot simply return to normality.” European officials refused […]
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Turkey faces heightened risk of disrupted natural gas supplies from Iran following the U.S. Treasury’s launch of an intensified economic isolation campaign against Tehran on August 24, 2026. As a key U.S. ally and Iran’s third-largest trading partner, Ankara must navigate secondary sanctions threats that could complicate or sever one of its major pipeline gas […]
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The ambitious plan to build a major new crude oil export route from Iraq through Syria to the Mediterranean—explicitly designed to reduce dependence on the Strait of Hormuz—will require at least four years of construction and an investment of $15 billion or more, according to sources directly involved in the project speaking to Reuters on […]
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Geopolitical risks are colliding across multiple theaters in early August 2026, creating a perfect storm for energy markets. The Strait of Hormuz is flaring again, with Iranian loadings collapsing toward zero. Saudi Arabia’s Jazan refinery has been hit by Houthi drones for the second time in weeks. Ukraine continues deep strikes on Russian refining infrastructure, […]
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West Texas Intermediate crude hovered near $90 per barrel on July 23, 2026, with Brent trading higher in the mid-to-high $90s amid escalating disruptions across multiple global oil transit routes. Markets are reacting to simultaneous pressures on four critical choke points: the Bab el-Mandeb Strait, the Strait of Hormuz, the Suez Canal corridor, and the […]
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Turkish state energy company BOTAŞ is engaged in negotiations with Russia’s Gazprom to extend natural gas supply contracts that are due to expire at the end of 2026. Turkish Energy Minister Alparslan Bayraktar confirmed the discussions at the Baku Energy Forum in Azerbaijan on June 1, 2026, noting that volumes and contract duration have not […]
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ENB Pub Note: This article ran on Andrew Korybko’s SubStack and is worth reading. He brings up some interesting points, and Turkey is out for Turkey and should be watched. The Polish-led “cordon sanitaire” that’s taking shape along Russia’s western borders will connect with the Turkish-led one that’s poised to emerge along its southern borders, thus […]
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As Europe races to eliminate its remaining dependence on Russian natural gas by late 2027, a long-dormant project is suddenly back in the spotlight. The proposed Trans-Caspian Pipeline (TCP) — a roughly 300-kilometer subsea link across the Caspian Sea from Turkmenistan to Azerbaijan — could deliver a significant new source of non-Russian pipeline gas to […]
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