Category: Energy
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Buenos Aires has opened sanction proceedings against 45 people and companies over oil work around the Falkland Islands. The firms involved mostly do not trade in Argentina — which is why the interesting part is the shareholders, directors and suppliers.
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The US added nearly 5 GW of land-based wind in the second quarter while the pipeline behind it shrank. Those measure different years — and the number worth watching is the one nobody reports.
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The Commerce Secretary says data centres don’t use water. That is true of some designs and false as a general claim — and an EPA proposal would remove the public’s right to comment on their air pollution.
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Chevron will put $7bn into Venezuela and more than double production. Exxon, asked the same week whether anything had changed since it called the country uninvestable, said nothing had. One of those two judgements will turn out to be wrong.
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Seventeen fields, 65 billion barrels, 25 years, a 55 per cent US stake and the right to buy at cost. No text has been released, and the terms that decide whether it is worth anything are the ones not published.
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The US Strategic Petroleum Reserve fell to 289.7 million barrels, its lowest since November 1982. The stockpile is not empty — but the reserve’s usefulness is measured in barrels per day, not barrels, and that number has fallen too.
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Iran’s foreign minister says US officials are gaming energy markets for personal gain and keeping the president in a losing war. No evidence was published, no names given. Why the claim is worth reporting anyway — and how to read it.
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The only chokepoint in this series that people dug. Egypt earns tolls on every transit, which makes the canal a national budget line as well as a trade route — and in 2024 it emptied out without Egypt closing anything at all.
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Oil through the Bab el-Mandeb collapsed to 4.1 million barrels a day in 2024, then doubled to 8.1 million this year as Saudi crude was rerouted away from Hormuz. The escape route from one chokepoint runs straight through another.
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The world’s biggest oil chokepoint is not Hormuz. It is a 1.7-mile-wide channel near Singapore carrying nearly a third of seaborne oil and a quarter of all traded goods — and its collapse in volume this year shows how chokepoints are linked.