Saudi Arabia Trades Oil Barrels for Batteries
As Saudi Arabia redirects more and more crude from the east to the west, where it can export it safely, oil seems to be all that everyone is watching. But not Saudi Arabia itself. In fact, the world’s second-largest oil producer and top exporter has …
Oil Spike Collides With Fragile Global Growth
The worst energy crisis in history is sending ripples across global markets, and optimism is in short supply. IEA’s chief said the current crisis is worse than all previous ones put together. JP Morgan analysts warned Asia is going to be hit the hard…
Saudi Arabia’s Red Sea Export Route Is No Escape from Risk
Middle Eastern oil producers have slashed production by between 7 and 12 million barrels daily since the first strikes that the U.S. and Israel launched on Iran on February 28. Exports have been paralysed almost completely, and Iran is charging $2 mil…
Big Oil Flocks to Alaska in Record-Setting Petroleum Lease Sale
The first lease sale in the National Petroleum Reserve-Alaska in seven years became the most successful auction in the area ever, as oil majors bid on hundreds of tracts, signaling they haven’t given up on Alaska’s petroleum resources despite develo…
How This Historic Oil Disruption Could Reshape the Global Energy Markets
Last week, Iran’s new supreme leader vowed to continue the country’s blockade of the Strait of Hormuz as the United States and Israel continue to wage war in the Middle Eastern nation. The closure of the Strait, through which over one-third of the w…
Why Taking Over Utilities Won’t Deliver Cheap Electricity
Renewable energy sources not only disrupt business relationships due to their low prices and rapid deployment, but they might also disrupt political movements as well, specifically efforts on the part of local governments to take over investor-owned u…
US Drillers Add Oil, Gas Rigs As Brent Tops $100 For First Time in Years
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 553 this week, down 39 from this same time last year.T…
Experts Warn of Catastrophic Environmental Fallout From Iran War
The war in Iran is sending shockwaves through global energy markets that will be felt for years to come. The conflict is causing the single biggest oil supply disruption in history, as the closure of the Strait of Hormuz has caused a nine-day disrupti…
What Can Saudi Arabia Do to Stop Oil Prices From Spiking Further?
Saudi Arabia was regarded for decades as the ‘global swing oil producer’, able to quickly decrease or increase its oil flows to respectively raise or lower world oil prices. Riyadh has long perpetuated this idea, with grandiose claims about the King…
Why Pakistan Could Be Sucked Into Middle East War
Back in September 2025, Pakistan and Saudi Arabia signed the Strategic Mutual Defence Agreement (SMDA), a landmark pact elevating their security cooperation to a formal alliance. The agreement dictates that an attack on one nation is considered an att…
US Drillers Add Oil Rigs as WTI Jumps 14%
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 this week, down 41 from this same time last year.T…
First Sign of Gas Crunch in Europe Hits Moldova Region
The first signs of gas supply problems have emerged in Europe, with Moldova’s breakaway Transnistria region warning of short supply. Chances are the situation will deteriorate further unless Middle Eastern LNG flows resume soon—at the moment, a high…
Trump Orders U.S.-Backed Insurance and Navy Escorts for Gulf Shipping
Donald Trump calls for a US-backed insurance following news that most of the world’s largest maritime insurance firms are set to cease covering war risks for ships entering the Persian Gulf. On 5 March, various members of the London-based Internation…
Iraqi Supply Loss Could Expose the Real Limits of OPEC Spare Capacity
Iraq has already begun shutting in production as exports through the Strait of Hormuz become increasingly constrained. Roughly 1.5 million barrels per day are reportedly offline, and officials have warned that figure could approach 3 million bpd if di…
Brazil’s Oil Production Keeps Growing
South America’s largest economy, Brazil, is on track to be a top 5 global oil producer. During 2023, Brazil received an offer to join the OPEC+ price cartel, but it took until early 2025 for the government in the capital Brasilia to accept membership…
How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator Exxon…