In a revelation that has sent shockwaves through the global energy sector and international diplomacy, Russian seismic surveys have uncovered potential oil and gas reserves estimated at a staggering 511 billion barrels in the icy depths of Antarctica. This figure dwarfs Saudi Arabia’s proven reserves by nearly double and exceeds the North Sea’s total output […]
In a move that underscores the mounting pressures on California’s oil refining industry, Phillips 66 is set to begin winding down operations at its 139,000 barrel-per-day (bpd) Los Angeles-area refinery starting in September 2025, with full idling expected by the fourth quarter. This closure, affecting a facility that employs around 600 workers and 300 contractors, […]
ENB Pub Note: Doug Sheridan on LinkedIn again hits it out of the park. The IRA has done more harm to the US economy than most people realize, and it was a wealth realignment tool that was taken advantage of by the rich to get really rich. The secondary effect, we are now seeing in […]
In a stunning blow to global climate finance efforts, the Net-Zero Banking Alliance (NZBA)—the world’s largest climate coalition for financial institutions—has suspended its operations and is now polling remaining members on whether to dismantle its membership structure entirely. This development, announced on August 27, 2025, follows a mass exodus of major banks from Wall Street […]
In the early hours of August 28, 2025, Ukrainian forces launched a significant drone assault on multiple Russian oil refineries, marking yet another escalation in the ongoing conflict’s economic warfare. The attacks targeted the Kuibyshev refinery in Samara Oblast and the Afipsky refinery in Krasnodar Krai, with reports also indicating hits on the nearby Novokuibyshevsk […]
In a significant development for the European automotive and energy sectors, leading carmakers have declared that the European Union’s ambitious plan to ban combustion engine vehicles by 2035 is no longer realistic. This warning comes amid mounting challenges, including sluggish electric vehicle (EV) adoption, geopolitical tensions, and economic pressures that threaten the region’s auto industry […]
The artificial intelligence (AI) boom is reshaping industries, from healthcare to finance, but it’s also igniting an unprecedented surge in electricity demand. Data centers powering AI models like those from OpenAI and Google are consuming energy at rates not seen since the post-World War II era, with projections indicating a need for tens of gigawatts […]
So goes Germany’s economy, so goes the EU. Germany’s GDP contracted 0.2% in 2024, marking back-to-back recessions, with forecasts for zero growth in 2025 due to persistent structural issues and trade tensions. There is a real concern for German consumers about jobs and increased energy prices, and it seems like the Energiewende policy accelerated the […]
In the Bruce Willis movie, The Last Boy Scout, Bruce uses the line, ” The sky’s blue, water is wet, and women have secrets,” which does not really apply, but it would be fun seeing Chris Wright running around like Joe Hallenbeck, solving the crimes against consumers.” – The Trump administration is opposing wind power […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), August 2025 Note: Growth rates are compound annual growth rates for 2010 to 2019, 2020 to 2024, and 2024 to 2026. We use product supplied to estimate consumption. U.S. jet fuel consumption growth has slowed in 2025, following a period of rapid consumption growth after 2020, as U.S. air […]
