05/27/2026
Russia’s Putin and China’s Xi met after the Trump-Xi summit for talks that included the “Power of Siberia 2,” a gas pipeline twice the length of the Alaskan gas pipeline, which could double exports of natural gas from Russia to China.
Russia and China Meet but Do Not Close Gas Pipeline Deal
Russian President Putin and China’s President Xi met in China after the Chinese summit with President Trump and discussed a…
05/22/2026
During the first quarter of 2026, the Strait of Hormuz lost about 6 million barrels per day of oil and petroleum products that had transited through it in the previous quarter, down almost 30%.
New EIA Report Shows Extent of Hormuz Oil Disruptions
The Energy Information Administration (EIA) has published a new report, the Global Energy Security Data report, that tracks global strategic…
05/20/2026
The United Arab Emirates (UAE) is speeding up construction of its 252-mile West-East 1 oil pipeline, which will double its strait-free capacity to 3.6 million barrels per day by 2027.
UAE to Double Oil Pipeline Capacity By 2027
Reuters reports that the United Arab Emirates will accelerate construction of a new oil pipeline, the West-East 1 Pipeline, to double its…
05/20/2026
The conflict in Iran is prompting countries to place greater emphasis on supply security. The United States, Brazil, and Russia are exporting higher volumes of oil and products, and the change in Venezuela’s leadership and its increased oil production are also helping.
Oil Market Winners and Losers Due to the Iran Conflict
The Wall Street Journal reports that the Iran conflict has caused about 15% of global oil supply to be removed…
05/18/2026
The Department of the Interior recommended that the South-Central Gulf of America be included for lease beginning in 2029, which, if developed, could generate over 130,000 jobs by 2040, according to the study.
The Gulf of America Needs Further Oil Development
According to Rystad, shale oil cannot close the production gap expected by 2050 alone. The energy firm is forecasting a…
05/16/2026
As of 2025, EVs account for less than 10% of new U.S. vehicle sales — well short of the trajectory the agency assumed when setting these standards.
EPA Proposes to Pause Biden-Era Tier 4 Vehicle Emission Standards
In April 2023, the Biden EPA proposed — and in 2024 finalized — what it called “multi-pollutant emission standards” for…
05/14/2026
The 2026 Annual Energy Outlook incorporates Biden’s tailpipe emissions rule in its Counterfactual baseline. The rule was effectively a mandate for EV sales, which the cases clearly depict. Without it, EV sales fall relative to the baseline, indicating that projections of rising EV sales are largely driven by government incentives rather than consumer preferences.
The Annual Energy Outlook 2026 Shows the Impact of Biden-Era Tailpipe Emissions Rule
In 2024, the Biden administration finalized the tailpipe emissions rule that effectively forced electric vehicles (EVs) on the American public,…
05/13/2026
President Trump has rejected Iran’s response to the U.S. offer for a peace framework, citing heightened demands on their part, including sovereignty over the Strait of Hormuz.
Trump Rejects Iran’s Response to the U.S. Framework Proposal
President Trump rejected Iran’s latest offer to end the war, indicating that it was totally unacceptable. Among the conditions he found unacceptable were Iran’s…
05/08/2026
New York is dependent upon imports for almost 85% of its energy and pays about 40% higher electrical rates and about 23% higher natural gas prices than average.
Landowners File Suit Against New York Fracking Ban
E&E News reports that a father and son who own the mineral rights to 164 acres of land in upstate…
05/08/2026
In just seven months, California has lost about 17% of its refining capacity with the closure of two refineries, and product imports are up 38% this year.
Refinery Closures Increase California’s Reliance on Fuel Imports
Over the past seven months, California has lost about 17% of its refining capacity with the closure of two refineries:…