Honda Motor Co., Ltd. reported its first annual net loss as a publicly listed company in nearly 70 years, driven by a massive restructuring of its electric-vehicle (EV) business that included more than $9 billion in writedowns, impairments, and related charges. The Japanese automaker posted an operating loss of ¥414.3 billion ($2.63 billion) for the […]
In a move that signals business-as-usual intent amid extraordinary disruption, OPEC+ delegates have outlined plans to press ahead with a series of oil production quota increases, aiming to fully unwind the final layer of voluntary cuts announced in 2023 by the end of September 2026. According to Bloomberg reporting, key members intend to raise targets […]
In a notable development for global energy markets still reeling from disruptions in the Persian Gulf, a Japan-bound crude oil tanker has successfully transited the Strait of Hormuz. The vessel, identified as the Eneos Endeavor and owned by Japanese refiner Eneos, is the second Japan-bound tanker to clear the critical chokepoint since U.S. and Israeli […]
While global oil markets grapple with the fallout from the Strait of Hormuz disruptions and seek a path toward price recovery, one player is quietly rewriting the rules: China. Through years of deliberate, long-range planning, Beijing has transformed its strategic petroleum reserves into a powerful tool for energy security—and, unintentionally or not, a distorting force […]
In a 218-203 vote on May 13, 2026, the U.S. House of Representatives passed legislation that would greenlight year-round, nationwide sales of E15 gasoline—a blend containing 15% ethanol. This is also part of Big Oil companies and refineries ganging up on smaller refineries, trying to wipe them out. That is also a major point I […]
The International Energy Agency (IEA) has delivered a stark warning: global oil demand is now on track to contract sharply in 2026 amid the ongoing Strait of Hormuz supply shock triggered by the Iran war. What began as a geopolitical disruption has morphed into a full-blown demand destruction event, with high prices, scarce supplies, and […]
Saudi Arabia has delivered a stark update to OPEC: its crude oil production plunged another 651,000 barrels per day (b/d) in April, hitting just 6.316 million b/d—the lowest level since the 1990 Gulf War. According to a monthly report from OPEC’s secretariat obtained by Bloomberg, the kingdom’s output has now fallen a cumulative 42% since […]
Europe’s shift away from Russian pipeline gas has come at a steep price: a rapidly deepening reliance on U.S. liquefied natural gas (LNG). According to a new analysis highlighted today by OilPrice.com, the European Union’s dependence on American LNG is projected to climb sharply, reaching as high as 80% of all LNG imports within two […]
It was a wild day on the Energy News Beat News desk today, and we have John Rich getting into the AI and Data Center rumble in Georgia Power. We love John Rich, and when we saw that he was jumping into the mix, we had to find out what was going on. This is […]
ENB Pub Note: Just a friendly reminder that we have been tracking a national security issue in California. The following is from Ronald Stein on America Outloud, and we recommend following and subscribing! California is the 4th largest economy in the world and an “ENERGY ISLAND that is isolated from the other 49 States by the […]
