Stranded Middle East LNG Supply Upends Gas Markets
The LNG supply out of the Middle East has not recovered in any meaningful way seven and a half months after the Iran war choked oil and gas shipments through…
Energy
Record Tanker Rates Leave Heavy Crude Stranded in the Americas
The Middle East crisis has driven tanker rates to all-time highs and created a shortage of vessels. This oil logistics problem is now causing a ripple effect, tipping the heavy…
Global Coal Demand Rises as LNG Shortage Deepens
Liquefied natural gas flows from the Persian Gulf are still over 75% lower than they were before February 28th. Yet heating demand is rising ahead of winter. In Europe, the…
Trump Curbs Farmers’ Access to Funding for Energy Projects
The Trump Administration is restricting access to a federal rural energy program for farmers in another move against renewable energy. But the major change to the Department of Agriculture’s Rural…
How Low Can the Strategic Petroleum Reserve Actually Go?
The U.S. Strategic Petroleum Reserve held just 283 million barrels of oil at the end of September, according to Reuters, the lowest level since October 1982, back when the reserve…