Oil markets are set for continued wild swings in the coming weeks as investors grapple with uncertainty over a potential U.S.-Iran deal to end the ongoing conflict and reopen the Strait of Hormuz. Citigroup’s global head of commodities research, Max Layton, captured the mood perfectly in a May 7 Bloomberg Television interview: “It’s very difficult […]
In a striking parallel amid the ongoing U.S.-Israel conflict with Iran, two distant regions—sub-Saharan Africa’s Mozambique and the U.S. West Coast’s California—are facing acute fuel supply pressures. Both heavily rely on petroleum products whose supply chains trace back to the Strait of Hormuz, the critical chokepoint through which roughly 20-25% of global seaborne oil and […]
In a striking display of operational resilience amid escalating geopolitical tensions, Abu Dhabi National Oil Co. (Adnoc) is quietly keeping a trickle of liquefied natural gas (LNG) exports flowing from the Persian Gulf. According to Bloomberg reporting, Adnoc tankers have turned off their Automatic Identification System (AIS) signals—effectively “going dark”—to safely navigate the Strait of […]
Global oil inventories are rapidly approaching their lowest level in nearly eight years, according to a new analysis from Goldman Sachs. The investment bank warned that the pace of depletion has become a major concern amid ongoing supply disruptions, particularly restrictions on flows through the Strait of Hormuz. Goldman estimates that total global oil stocks […]
The Haynesville-Bossier Shale play, long anchored in Northwest Louisiana, is redrawing its boundaries westward into East Texas. Operators are chasing fresh drilling inventory in the Shelby Trough and surrounding counties as core areas mature and Gulf Coast LNG demand surges. Leading the charge are Caturus Energy, Adamas Energy (formerly Aethon Energy), and other well-capitalized players […]
The European offshore wind market is experiencing a structural supply constraint as the exit of GE Vernova from new orders leaves Siemens Gamesa and Vestas as the primary suppliers for the region. Turbine selling prices have increased by 40% to 45% since 2020, a surge that outpaces manufacturing cost inflation and reflects the immense technical […]
In a sharp rebuke of European and UK energy policies, British billionaire Sir Jim Ratcliffe, founder and chairman of global chemicals giant Ineos, has publicly slammed the continent’s “all over the place” approach to energy as a threat to economic growth, industrial competitiveness, and national security. At the same time, Ineos is doubling down on […]
Chris Johnson, President of the American Energy Leadership Institute, stops by the Energy News Beat podcast. What a great conversation, and you will recognize Chris from his many interviews. I have seen him on Mornings with Maria, and he’s all over the map. It is very encouraging to have young leaders trying to help with […]
ENB Pubnote: This article was run on David Blackmon’s Energy Additions Substack, and we highly recommend subscribing. This morning on Mornings with Maria, Secretary Chris Wright hit it out of the park, and we will have that information out later. California is a self-imposed energy island with a crisis brewing, and Secretary Wright is spot […]
Oslo, Norway – In a significant move to bolster European energy security, Norway’s Ministry of Energy has approved the reopening of three long-idle North Sea gas fields that were shut down in 1998. The fields—Albuskjell, Vest Ekofisk, and Tommeliten Gamma—are located less than 10 km west of the giant Ekofisk complex and will resume production […]
