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Key HighlightsSaudi Arabia willImport2m tonnes of fuel oilthis summer to offset lost gas output, per industry estimatesAssociated gas productionfrom oilfields has fallen by15% year-on-year, disrupting power generationBrent Crude(ICE: B)rose50% to $105.60/bblas traders priced in tighter summer fuelDemandRegionalHormuz Strait disruptionshave compoundedSupplyrisks, forcing Riyadh to seek …
Nigeria, Africa’s largest oil producer, sits on the cusp of a modest but symbolically significant production rebound. The country’s oil sector, long plagued by underinvestment, sabotage in the NigerDelta, and regulatory inertia, now seeks to add 100,000 bpd to its output—raising daily production to …
Italy’s Enel Group (BIT: ENEL) has staked a claim in America’s solar belt. On Monday, its USSubsidiary, Enel Green Power North America, agreed to acquire seven operational photovoltaic plants—two in Virginia and five spread across North and South Carolina—for a combined 270 MW of …
The 2021–2023 energy crisis has rewritten the rules of energy consumption, leaving scars on bothSupplychains and household budgets. After the pandemic lockdowns eased, pent-up demand collided with constrained supply—oil, gas and coal prices surged by 80–200% between late 2020 and mid-2022, according to the …
Crude Oil(NYMEX: CL) is the world’s most traded physical commodity, underpinning transport,Petrochemicalsand geopoliticalLeverage. With 95m b/d of global demand, inventories measured in days of cover have emerged as the market’s stress gauge; eight years ago, 101 days of demand provided a buffer—now Goldman Sachs …
A Trojan horse in the micromobility arms race
Hull Street Energy’s agreement to buy FirstLight USA from Canada’s Public Sector PensionInvestmentBoard (PSP Investments) for $1.4bn represents the largest private-Capitalinfusion into U.S. hydropower since the sector’s 1980s heyday. TheAcquisitionvaults Hull Street— hitherto a niche clean-energy investor—into the top tier of American hydro owners, …
Saudi Arabia’s March crude exports of 4.974m barrels per day—down from 5.2m bpd in February—paint a stark picture of a kingdom struggling to reconcile its market-shaping ambitions with shifting global realities. The decline, reported by the Joint Organisations Data Initiative (JODI), is the steepest …
The Strait of Hormuz—through which roughly 20% of the world’s seaborne oil transits—has become the epicentre of a growing clean-shipping crisis. Since early May, Houthi attacks and Iranian threats to close the strait in retaliation for regional strikes have disrupted bunker fuel flows; refiners …
Crude Oil(NYMEX: CL) is the world’s most traded commodity, underpinning gasoline, diesel and jet fuel markets that fuel 70% of American mobility. Global production averaged 101.3m barrels a day in Q1 2026—OPEC+Supplycurbs have kept inventories 6% below five-year averages. In the US, shale patch …
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