The war that began on February 28, 2026, with U.S. and Israeli strikes on Iran, and Iran’s subsequent campaign against tanker traffic in the Strait of Hormuz, has forced the largest rewrite of global oil trade routes in decades. Pre-war, roughly 20 million barrels per day of crude and products moved through Hormuz. Flows have […]
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President Donald Trump’s late-August 2026 arrangement with North American Blue Energy Partners (NABEP) grants the company 100-year rights over 17 fields in Lake Maracaibo and the Orinoco Belt, holding an estimated 65 billion barrels—about one-fifth of Venezuela’s proven reserves. NABEP plans as much as $100 billion in infrastructure investment. The U.S. government receives rights to […]
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Michael Bloomberg has poured more than $1 billion into campaigns to retire coal plants in the United States and globally. In 2019, his philanthropies committed $500 million to the Beyond Carbon effort. In 2021, he launched a drive to close a quarter of the world’s remaining coal plants and cancel all proposed ones by 2025. […]
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After coordinated IEA releases during the Iran war and earlier drawdowns that were never fully replaced, SPR crude sits at 286.6 million barrels as of the EIA week ending August 28, 2026 — about 40% of authorized 714-million-barrel capacity and the lowest level since the early 1980s. That level already sits inside the band most […]
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November-loading ESPO from Kozmino is trading at more than $7 per barrel over Brent, with some offers to independent refiners reaching $10, according to traders cited by Bloomberg and OilPrice.com. That is a sharp reversal from the deep discounts China extracted for years. ESPO loads on Russia’s Pacific coast and reaches Chinese ports in less […]
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Cheniere Energy has handed over the last piece of its Corpus Christi Stage 3 expansion just as the global LNG market is being pulled in two directions: Asia bidding hard for cargoes, and Europe trying to refill storage that is running well behind seasonal norms. The timing is not a coincidence. It is the point […]
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The U.S. government receives a 35% equity stake in NABEP’s corporate parent via the Department of War’s Office of Strategic Capital, a guaranteed right to buy 20% of offtake at production cost, and a right of first refusal on the remaining 80%. U.S. governance rights include veto power over board appointments, a requirement that a […]
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That is not a talking point. It is the arithmetic of an integrated energy market that Ottawa cannot wish away, and Washington already understands. Smith’s warning, circulating widely after her CBC Power & Politics appearance and a clip posted by Stephen Taylor, is blunt: Alberta businesses will be hurt more by Canada’s own counter-tariffs than […]
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The United States has pulled ahead of China in building natural gas plants to feed AI data centers. That is a real, measurable shift. It is also not the whole race. Global Energy Monitor’s mid-2026 update, reported by the Washington Examiner, shows U.S. gas projects under construction at 52 GW after a 76% jump in […]
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In Jurassic Park, Dr. Ian Malcolm delivers one of cinema’s most memorable lines: “Life finds a way.” Nature adapts, persists, and routes around obstacles no matter how carefully the fences are built. In the summer of 2026, crude oil is doing the same thing. Blockades and attacks have choked the Strait of Hormuz and the […]
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