Energy News Beat 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 […]
Energy News Beat 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 […]
Energy News Beat 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 […]
Energy News Beat 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, […]
Energy News Beat 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” […]
Energy News Beat 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 […]
Energy News Beat 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 […]
Energy News Beat The artificial intelligence revolution is reshaping industries worldwide, and nowhere is this more evident than in Texas, where a flood of data center projects is straining the state’s energy infrastructure. With requests for over 220 gigawatts (GW) of new electricity connections by 2030—more than twice the grid’s current peak demand—Texas is at […]
Energy News Beat In a series of bold operations, Ukrainian forces have intensified their drone campaigns against Russian energy assets, underscoring the ongoing geopolitical tensions’ profound impact on global oil markets. The latest strikes, including a significant hit on the Afipsky oil refinery in Krasnodar Krai, highlight Ukraine’s strategy to disrupt Russia’s oil production and […]
Energy News Beat The European Union’s decision to indefinitely freeze approximately €210 billion ($246 billion) in Russian central bank assets, announced on December 12, 2025, marks a significant escalation in the bloc’s response to Russia’s ongoing war in Ukraine. These assets, primarily held in Belgium through the Euroclear clearinghouse, have been immobilized since early 2022, […]
