Exodus at US Energy Data Agency Threatens Global Oil Market Transparency
Crisis at the EIA: Why It Matters: Industry Alarm: What’s Next?
Tupras Resumes Russian Urals Imports as Prices Dip Below G7 Cap
Key Developments: Why It Matters: What’s Next?
Mexico Halts US Fuel Imports by Truck Amid Crackdown on Smuggling
Key Developments: Why It Matters: What’s Next?
Indonesia Seeks to Avert US Tariffs with $10B Energy Import Offer
Key Proposal: Breakdown of Current Imports (2023 Data): Product Total Imports Top Suppliers US Share LPG 217K bpd US (124K bpd), Qatar (23K), UAE/Saudi (~20K each) 57% Crude Oil 306K bpd Nigeria, Saudi Arabia, Angola 4% (13K bpd) Why It Matters: Challenges: What’s Next?
Kazakhstan’s Oil Output Dips but Remains Above OPEC+ Quota Amid Tensions
Kazakhstan’s crude oil production fell 3% in early April but remains above its OPEC+ quota, exacerbating tensions within the alliance as the country struggles to rein in overproduction. Key Data: Why It Matters: What’s Next?
Chevron’s Venezuelan Oil Shipments Frozen as US Sanctions Trigger PDVSA Export Halt
Chevron’s Venezuelan oil exports are in limbo after state-run PDVSA abruptly canceled loading permits for at least six tankers, stalling two fully loaded vessels in Venezuelan waters. The move follows Trump’s April sanctions barring buyers of Venezuelan crude—threatening to cut off a key revenue stream for Caracas. Key Developments: Why It’s Happening: What’s Next?
Oil Nations Scramble as Price Plunge Threatens Budgets: Debt, Cuts, and Austerity Loom
Oil-producing nations are bracing for financial turmoil as crude prices crash below $60/barrel—their lowest since early 2021—forcing governments to consider spending cuts, debt sales, and stalled projects to offset lost revenue. The slump, triggered by Trump’s tariffs and OPEC+ supply hikes, threatens to derail budgets from Riyadh to Caracas. Crisis Points by Country: Nation Breakeven Price Response to Price Crash […]
US Sanctions China Oil Terminal in Escalating Iran Pressure Campaign Ahead of Talks
The Trump administration imposed new sanctions Thursday targeting Iranian oil trade networks, including a Chinese crude storage terminal linked to sanctioned Iranian shipments, just days before rare US-Iran negotiations in Oman. The move signals Washington’s intent to maintain “maximum pressure” despite diplomatic overtures. Key Sanctions Targets:🇨🇳 Guangsha Zhoushan Energy Group: Operates a Zhoushan Island oil […]
EIA Slashes Oil Demand Forecasts as Trade War Tariffs Threaten Global Growth
The U.S. Energy Information Administration (EIA) issued a stark warning Thursday, cutting its oil demand and price forecasts through 2026 as escalating trade wars and economic uncertainty threaten energy markets. The agency now expects weaker consumption, higher surpluses, and lower prices—signaling a prolonged downturn for crude. Key Revisions:📉 Demand Slowdown: 2025 growth lowered to 900K […]
US Refiners Resist Trump’s Oil Vision: Why Switching to Domestic Crude Is a $Billion Gamble
U.S. refiners are pushing back against President Trump’s push to process more domestic oil, citing multi-billion-dollar costs, years-long timelines, and shrinking gasoline demand—even as tariff threats disrupt traditional Canadian and Mexican crude supplies. Key Takeaways:Infrastructure Mismatch: 70% of U.S. refineries are built for heavy Canadian/Mexican crude, not light shale oil. Retrofitting a medium-sized plant costs […]