ENB Pub Note: This is a fantastic article from the Merchant’s News Substack by Giacomo Prandelli. We highly recommend subscribing to and reading his Substack. Stu Turley just had an interview with Giacomo, and the podcast is in production for release soon. We will keep you posted. Everyone’s celebrating gold breaking $4,200 and silver doubling […]
In a bold pivot amid shifting market dynamics, Ford Motor Company announced on December 15, 2025, that it anticipates recording approximately $19.5 billion in special charges, primarily in the fourth quarter, tied to a significant pullback from its all-electric vehicle (EV) investments. This move, which includes $8.5 billion in asset writedowns and an additional $5.5 […]
In a move that underscores New York’s aggressive push toward climate accountability, the state’s Department of Environmental Conservation (DEC) has finalized regulations mandating greenhouse gas (GHG) reporting for large emitters starting in 2027. This program, aimed at tracking emissions from major polluters, comes amid federal rollbacks on similar initiatives, positioning New York as a leader—or, […]
In a stark warning that underscores the growing tension between global energy giants and European regulators, ExxonMobil’s CEO Darren Woods has labeled the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) as “the worst piece of legislation I’ve seen since I’ve been in this job.” This directive, alongside the bloc’s stringent methane emissions regulation, could prompt […]
In a dramatic escalation of California’s aggressive push toward green energy, Governor Gavin Newsom’s policies on oil and gas have rippled beyond state borders, igniting concerns in Oregon and Washington. What began as a targeted “war on fossil fuels” in the Golden State has now “exploded” into neighboring regions, with refinery closures in California threatening […]
In a move that underscores the ongoing ripple effects of Western sanctions on Russia’s energy sector, at least one independent Chinese refiner—commonly known as a “teapot”—has snapped up Russian ESPO crude at a significant discount. The purchase, made late last week, came at a markdown of $7 to $8 per barrel below the ICE Brent […]
In a major boost for U.S. energy infrastructure and Alaska’s economy, the Alaska LNG project has secured all necessary federal permits ahead of schedule, paving the way for what could become one of the largest natural gas developments in North America. This milestone, achieved under the Federal Permitting Improvement Steering Council’s oversight, marks the end […]
Or is this about the Monroe Doctrine? 1. The Trump administration’s actions against Venezuela, including the capture of a “dark fleet” oil tanker. We discuss whether this is more about oil or a show of force against the Venezuelan government. Stu chimes in that Panama is not renewing their “Belt and Road” initiative with China, […]
In a world increasingly focused on energy transitions and geopolitical tensions, recent projections paint a picture of sustained growth in global oil demand. According to a report from the CNPC Economics and Technology Research Institute, global oil demand is expected to continue rising until peaking in 2040 at 4.8 billion tons, marking a significant upward […]
Venezuela, home to the world’s largest proven oil reserves, has long been a pivotal player in global energy dynamics. However, years of political turmoil, economic mismanagement, and stringent U.S. sanctions have crippled its oil industry, reducing production from peaks of around 2 million barrels per day (bpd) in the mid-2010s to roughly 900,000 bpd today. […]
