A Ukrainian drone strike on Friday forced Russia’s Novoshakhtinsk refinery in the Rostov region offline, according to regional governor Yury Slyusar. The plant, which processes about 110,000 barrels per day (roughly 5–5.6 million tons per year), is not one of Russia’s giants. It is, however, a clean illustration of why diesel—the workhorse fuel for trucking, […]
TC Energy’s Columbia Gas Transmission (TCO) declared force majeure Thursday after an unexpected mechanical issue on the Mountaineer XPress (MXP) system forced an immediate pressure reduction on Line 100 between the Mt. Olive Compressor Station in Jackson County and the Saunders Creek Regulator Station in Cabell County, West Virginia. The restriction takes the MXPSEG MA42 […]
Mercedes-Benz is no longer talking about “transformation.” It is talking about survival in Germany. WirtschaftsWoche, citing three people familiar with the talks, reports that Mercedes wants about €800 million in German labor-cost savings — roughly $911 million at current rates. Options on the table include longer hours without extra pay, cuts to holiday and Christmas […]
Europe spent a decade congratulating itself for pushing coal to the edge of the power system. Then it priced itself back onto the fuel it spent political capital destroying. Benchmark Dutch TTF gas prices spiked above €80 per megawatt-hour this month, the highest in three years, after the Iran conflict choked LNG shipments through the […]
On Thursday, September 24, 2026, Bloomberg reported that Oracle sent a force majeure notice to the developer of Project Jupiter — the 1,400-acre AI campus in Doña Ana County, New Mexico — in an effort to defer payments if the facility misses its planned 2028 in-service date. Shares of Oracle fell about 4–5%. Blue Owl […]
The remark, given to Nikkei Asia in Tokyo on September 24, is the clearest signal yet that Riyadh no longer treats three outlets as enough insurance against a two-front maritime crisis. Nasser said engineering and feasibility work is already underway. He did not name destinations, capacities, or dates. He did say Aramco can restore interrupted […]
The White House’s decision this week to step back from a blunt 90-day diesel export ban is one of the most important energy-security signals of 2026. Record pump prices invited a political shortcut. The administration, led by Energy Secretary Chris Wright, instead chose the harder and more honest path: keep the refining system running and […]
That is the argument Javier Blas is making in his September 23 Bloomberg Opinion column, China Isn’t Buying More Oil, It’s Buying From Different Markets (also framed as “Don’t Believe the Hype About China’s Oil Buying”). The global market treated China’s pre-war appetite as a floor. In 2026 it became a valve. The Blas thesis: […]
The wind industry is approaching a structural inflection point. Early fleets in Europe and the United Kingdom are aging faster than advertised, composite blade waste is outrunning recycling capacity, and decommissioning liabilities are coming due just as subsidy structures change. Two recent posts by Peter Clack capture the twin problems: rapid performance decay well short […]
Charlie Garcia stops by the Energy News Beat Channel, and he is a RockStar! Welcome back to Energy News Beat Podcast. Today we’re diving deep into a perfect storm that’s reshaping global markets, and most people have no idea it’s coming. We’re talking about the diesel crisis that’s quietly becoming the inflationary tax on everything—from […]
