First in Asia, then Europe, then everywhere else... 

“A lot of this is hand-holding, particularly for energy markets...”

At least one country has already suspend flights on some domestic routes...

Power grid asset owners and operators have growing concern around their ability to protect critical assets from drone attacks as the government warns energy companies of possible Iranian retaliation...

...this is relief, not normalization...

WTI crude is back over $90 on news of an explosion and a massive fire at the diesel hydrotreater unit at Valero's Port Arthur refinery, one of the largest in the US...

Australia's weird obsession with "green energy" has really, really backfired now. 

Japan agrees to support 10 new GW of gas-fire generation in Ohio to support data centers from impacting households...

Leading gas reactor developer X-energy looks to lead the publicly traded reactor developer market...

"proactively respond to external risks..."

"Retail prices at the pump matter" because "low-income households spend 3x more of their incomes ..." 

"The global economy is facing a major, major threat today..."

Demand destruction inbound.

QatarEnergy will have to declare force majeure on long-term contracts for as long as five years for supplies bound for some customers in Europe and Asia...

What had been framed as a two-horse race for global LNG market share now looks considerably more one-sided. The beneficiary is clear... 

"It will be six months for some [sites] to be operational, others much longer." 

"It just becomes a game of what is the next target, and is the damage... "

This situation isn’t resolving itself anytime soon unfortunately...

"The oil sector is much less responsive..." 

 

"...total US LNG feed gas flows surged..."