Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]
Hurricane Isaias, the first hurricane of the 2026 Atlantic season, made landfall near Destin in the Florida Panhandle on the evening of October 9 as a Category 2 storm. It prompted extensive precautionary shut-ins of offshore oil and natural gas production in the Gulf of America before tracking eastward and largely sparing major refining centers. […]
Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday, October 12–13, 2026, that it struck a third “violating” or “offending” supertanker in the Strait of Hormuz within roughly 48 hours, sparking an onboard fire. The IRGC stated the vessel had switched off its navigation systems, ignored warnings, and attempted to exit via an unauthorized […]
Diesel costs $2.60 a gallon more than it did a year ago, and Election Day is three weeks out. The White House wants Ukraine to stop hitting Russian refineries so Russia can sell diesel again. Moscow has not confirmed the truce, a Kharkiv power plant was hit within hours, and a bipartisan group of senators […]
The California High-Speed Rail Authority (CHSRA) could exhaust its available funding as soon as December 2027 unless it secures financing, according to the state’s Inspector General for High-Speed Rail. A cumulative funding gap of $9.5 billion from fiscal years 2027-28 through 2031-32 threatens construction schedules, with $2.2 billion specifically required in 2027-28 alone to stay […]
Newly released footage shows the moment a Houthi strike hit King Khalid International Airport in Riyadh on Saturday, October 10, 2026, in an attack that killed at least 13 people and wounded more than 300—the deadliest assault on Saudi soil in more than a decade. The escalation has prompted U.S. President Donald Trump to state […]
The U.S. Department of Energy on October 10, 2026, authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address supply disruptions from hurricane activity in the Gulf of America. Source –Energy ExxonMobil and BP America each received authority for up to 2 million barrels. […]
President Donald Trump’s Sunday announcement that Russia and Ukraine have agreed to an “ENERGY CEASEFIRE,” effective immediately, arrives at a flashpoint where global fuel markets, U.S. domestic politics, and wartime diplomacy intersect. The claim—posted on Truth Social with the instruction “Both parties have agreed. Do not break it!”—followed days of sharp criticism of Ukrainian President […]
As of mid-October 2026, U.S. drilling activity is firming. Baker Hughes reported its closely watched weekly rotary rig count at 603 for the week ending October 9 (up 5 week-over-week and up 56 year-over-year). WellDatabase’s operator-level U.S. Operator Rig Report dated 10.11.2026 showed 606 total rigs (down 5 week-over-week but up 32 year-over-year). Enverus’ daily […]
The President signed the refining authority in April, and $1 billion has moved to the Energy Department. But ENB found no refinery award; most of the law expires Dec. 11, and the first big new refinery since 1977 is not due until 2028-29. The barrels that could come fastest are restarts and a wider shipping […]
