Russia’s oil exports are entering a new phase of disruption...

A Ukrainian drone attack on the Russian Black Sea port of Novorossiysk, one of the country’s most significant oil export hubs, triggered renewed fears of supply disruptions...

...current dislocation is extreme.

The EU's development bank has decided to provide additional funds to Ukraine’s state energy firm Naftogaz to secure natural gas supply amid continued Russian attacks on the Ukrainian energy infrastructure

“There’s a period of time when it would appear we’re going to see more supply coming into the market than demand will be able to absorb.”

“defending market share now outweighs defending prices.”

If President Trump and MBS complete a 123 Agreement, it could manifest in a multibillion-dollar windfall for US firms, positioning them as frontrunners for the first two DNEC large scale reactors. 

OPEC flipped estimates for global oil markets in the third quarter from a deficit to a surplus...

...the first sale - officially titled Big Beautiful Gulf 1 - will open roughly 80 million acres across the Gulf of America for leasing...

Saddam vs. Kuwait... Latin American-style.

Washington ignited a rush to secure supplies ahead of the entry into effect of the sanctions, on November 21...

Iraq has halted all cash & crude payments to Russia's Lukoil...

...the U.S. has “awesome coal reserves” that could be put to productive use.

Conservative leader Kemi Badenoch called for an end to Labour’s ban on new oil and gas licenses, warning of severe economic risks to Scotland’s energy sector.

German Chancellor Merz flies 9,000 km to COP30 to defend German taxpayers’ role in global climate subsidies, while domestic industry collapses: a first-hand look at the climate club’s economic illusions.

Germany’s economic crisis is accelerating. Sky-high energy costs, relentless competition from China and India, and the EU’s absurd push for “green steel” are pushing companies either into insolvency or out of the country.

The challenge for the West is to choose between bringing those costs down and suffering defeat in AI as it remains focused on net zero ambitions...

U.S. shale producers are not embracing the "drill, baby, drill" mantra because current oil prices, which hover near or below their breakeven point, do not justify accelerating production.

Exactly...

... despite rig counts being flat.