ENB Pub Note: And for those Californians, the shadow fleet rust buckets that are prone to leak are the ones delivering 70% of your oil, thanks to Gavin Newsom. Russia’s shadow fleet now accounts for around 17% of all global oil tankers, with hundreds of ageing ships transporting crude to countries like China, India, and […]
Continue ReadingNew Zealand has reopened for oil and gas exploration, ready to receive applications for exploration projects after a seven-year pause, following the lifting of a ban on such activity installed by the previous government. The country’s government will also accelerate the project approval process in a bid to enhance New Zealand’s energy security, local media […]
Continue ReadingDaily Standup Top Stories Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets? September 23, 2025 Clark Savage In a stark admission during a September 2025 press conference, China’s Finance Minister revealed that “every penny we spend is borrowed,” highlighting the precarious state of the nation’s finances. This confession has […]
Continue ReadingIn a stunning reversal that has sent shockwaves through global energy markets and geopolitical circles, former President Donald Trump appears to have abandoned his previous calls for a negotiated peace in Ukraine. After a recent meeting with Ukrainian President Volodymyr Zelensky, Trump declared on social media that he considers Ukraine \”in a position to fight […]
Continue ReadingENB Pub Note: As I wrote the other day, \”Where\’s the Glut like the old commercial Where\’s the Beef\”, Irina Slav from Oilprice.com brings up some supporting points. And referring to China, that is the wild card. I wrote: Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets?\” j […]
Continue ReadingIn a surprising turn of events amid ongoing geopolitical tensions, ExxonMobil has taken a bold step toward reclaiming billions in losses from its forced exit from Russia\’s Sakhalin-1 oil project. According to recent reports, the U.S. energy giant signed a non-binding agreement with Russia\’s state-owned Rosneft in late August or early September 2025, paving the […]
Continue ReadingIn a bold move that sent shockwaves through global energy markets, U.S. President Donald Trump urged European nations to immediately halt all purchases of Russian energy, including oil and natural gas. This call, renewed amid ongoing geopolitical tensions over Russia\’s war in Ukraine, coincided with a rally in oil prices on Tuesday, with ICE Brent […]
Continue ReadingRussia\’s seaborne crude oil exports have surged to their highest levels in over a year, driven by a combination of increased production and disruptions to domestic refining capacity from Ukrainian drone strikes. According to recent vessel-tracking data, the four-week average shipments reached 3.62 million barrels per day (bpd) in the period ending September 21—the highest […]
Continue ReadingUnder the Labour government, North Sea operations face a barrage of measures that critics argue are deliberately stifling investment and production. A 78% tax rate on offshore profits, including a prolonged windfall tax introduced in 2022, has shattered investor confidence and led to slashed capital expenditures. Operators have cut UK investments, with production projected to […]
Continue ReadingDaily Standup Top Stories Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies September 20, 2025 Clark Savage In the world of renewable energy, few voices carry as much weight as Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. Buffett has long been candid […]
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