Energy News Beat In a timely BNN Bloomberg interview today, Eric Nuttall, Partner and Senior Portfolio Manager at Ninepoint Partners (manager of one of Canada’s largest energy funds), delivered a candid assessment of the global oil market following more than three months of conflict involving the U.S., Israel, and Iran. Nuttall emphasized that while news […]
Energy News Beat Ukraine has shifted from broadly targeting refineries to striking specialized secondary processing units such as hydrocrackers, which are more difficult and time-consuming to replace. Repeated attacks on the same facilities are extending outages and reducing Russia’s ability to restore refining capacity quickly. Fuel shortages, export restrictions, and declining diesel output suggest a […]
Energy News Beat ENB Pub Note: This is an interesting view from Andrew Korybko’s Newsletter on SubStack, and we are not out of the woods yet on the Iran war, as things still remain fluid. Iran is poised to gradually return to the US-led Western order within certain limits exactly as Iran’s moderate faction has […]
Energy News Beat In a symbolic breakthrough for global energy shipping, the first LNG tanker has successfully transited the Strait of Hormuz following the late Sunday announcement of a U.S.-Iran framework deal to end the war and reopen the critical chokepoint. Early on Monday, June 15, the Indian-flagged LNG carrier Disha (chartered by state-owned Petronet […]
Energy News Beat The recent U.S.-Iran Memorandum of Understanding (MOU) has triggered a wave of optimism in oil markets. Traders are pricing in a swift reopening of the Strait of Hormuz, a rapid normalization of supply chains, and a return to lower pre-crisis price levels. Brent crude has already dropped toward $83–$84 per barrel, with […]
Energy News Beat We have been here 39 times before; maybe 40 will hold. In a significant development for global energy security, Pakistani Prime Minister Shehbaz Sharif announced today that a peace deal between the United States and Iran has been reached following intensive mediation efforts. The official signing ceremony is scheduled for Friday, June […]
Energy News Beat As of Sunday, June 14, 2026, the Middle East stands at a dangerous inflection point. Iran appears to be preparing for potential direct retaliation against Israel — including by restricting airspace in western regions and suspending flights to key western airports — following Israeli strikes on Hezbollah targets in Beirut’s Dahiyeh suburb. […]
Energy News Beat ENB Pub Note: This article is from David Blackmon’s Substack, and we highly recommend subscribing. Iran’s overreliance on the Strait of Hormuz as a geopolitical weapon is proving self-destructive. By threatening or disrupting this critical chokepoint – through which roughly 20 million barrels per day (bpd) of oil historically flowed – Iran […]
Energy News Beat Cushing, Oklahoma — the critical delivery hub for West Texas Intermediate (WTI) crude oil futures — is rapidly approaching operational limits as inventories continue their steep decline amid global supply disruptions. Latest EIA Data: Sharp and Sustained Drawdowns According to the U.S. Energy Information Administration (EIA), commercial crude oil stocks at Cushing […]
Energy News Beat Six U.S. states are implementing fuel tax adjustments effective primarily on July 1, 2026, even as national gasoline prices hover around $4.08–$4.11 per gallon amid ongoing energy inflation pressures and geopolitical uncertainties in global oil markets. These changes—ranging from inflation-linked increases to restructuring and temporary suspensions—aim to sustain transportation infrastructure funding but […]
