energy

A collection of 183 posts

Geopolitics

Pentagon Raises US Troop Death Toll in Iran Operations to 21

Pentagon raises the Iran war death toll to 21 The Pentagon has acknowledged that more U.S. troops died in the Middle East during operations against Iran than it had previously reported. Late Friday, the Pentagon updated its official count in the Defense Casualty Analysis System to include two more

Politics

Trump Says Ukraine Should Get a New President, Blames Zelenskyy for Diesel Prices

Trump says Ukraine should get a new president President Donald Trump said Saturday that it was time for Ukraine to get a new president, according to the Associated Press. Trump suggested President Volodymyr Zelenskyy has not done enough to end the war with Russia, and he blamed Zelenskyy for high

Geopolitics

Trump Claims Energy Ceasefire, Zelensky Says News to Me

Trump announces a ceasefire Kyiv says it never heard about President Donald Trump claimed on Sunday that Russia and Ukraine have agreed to an energy ceasefire, effective immediately, but Ukrainian President Volodymyr Zelensky said the announcement was news to him. Trump wrote on Truth Social that both parties have agreed

Markets

Hiring a US-to-China Tanker Now Costs More Than a SpaceX Launch

A US-to-China tanker voyage now costs more than a rocket launch Chartering a very large crude carrier from the US Gulf to China now costs around $80 million, more than the roughly $74 million price of a standard Falcon 9 launch, according to Bloomberg and shipbroker Gibson. It

Markets

Record Diesel Sends 16 Trucking Companies Into Bankruptcy in 30 Days

Sixteen trucking companies fold in 30 days as diesel hits record highs Sixteen trucking businesses nationwide sought bankruptcy protection in the last month of summer, crushed by record diesel prices and rising operating costs. The filings, dating from late August through September 21, ranged from single-truck owner-operators to

iran

The Iran Conflict Has Already Cost Every American Household $1,760, per Moody's

A $1,760 bill nobody itemized The total bill per household since the U.S.-Iran conflict began is around $1,760, according to an analysis from Moody's Analytics as of September 11. "Consumers are under a lot of financial pressure," said Mark Zandi, chief economist

Oil

Americans Have Spent Over $100 Billion More on Fuel During the Iran War

The war with Iran is sticking Americans with a 12-figure bill at the pump. U.S. consumers have collectively spent about $107 billion more on gasoline and diesel during the Iran conflict than they would have without the war, according to estimates by the Climate Solutions Lab at Brown

energy

Trump Signs Executive Order Opening Tax-Free Red Diesel to Cut Record Fuel Prices

President Donald Trump signed an executive order late Monday aimed at bringing down near-record diesel prices by waiving restrictions on cheaper red-dyed diesel. The order, unveiled at a campaign event in Nebraska, amounts to a pre-election tax holiday. Red-dyed diesel is the same as regular diesel.

breaking

BREAKING: Chinese Refiners Suspend October Fuel Exports, per Reuters

BREAKING: Chinese refiners suspend October fuel exports, per Reuters. Global fuel markets just lost another supplier, and the timing could not be worse. What Happened Chinese refiners have suspended oil product exports for October, four people briefed on the matter told Reuters, as Beijing looks to preserve domestic stocks. China

Politics

Trump on Venezuela: "I Would Do Exactly the Same Thing That Maduro Did"

Trump: If I ran Venezuela, if I ran any country, I would do exactly the same thing that Maduro did. The president made the remark at a White House Hispanic Heritage Month event on September 30, in a wide-ranging speech that touched on immigration, the 2024 election, and his

canada

Canada to Fast-Track Pacific Link Oil Pipeline to Diversify Economy Away From the U.S.

The Announcement Prime Minister Mark Carney said Thursday that Canada will fast-track the approval process for a new proposed crude oil export pipeline to its west coast. The Pacific Link pipeline could generate over C$20 billion ($14 billion) a year in GDP. Ottawa will officially list the project

Geopolitics

Iran Cruise Missile Injured 8 US Marines in Strait of Hormuz: NBC

Eight US Marines were injured Sept. 14 when an Iranian cruise missile struck their vessel in the Strait of Hormuz, per NBC. The Pentagon never disclosed the attack.

energy

Trump Says White House Still Weighing Diesel Export Ban

Trump says the White House is still ‘very seriously’ weighing a diesel export ban as US diesel tops $6.50/gal ahead of the November midterms, keeping an overhang on refiners.

Geopolitics

Trump open to Iran sanctions relief, frozen fund release for nuclear progress

Trump is open to Iran sanctions relief and releasing frozen funds if Tehran shows concrete nuclear progress, per CNN. Talks continue through mediators, with crude and defense names in focus.

energy

US Diesel Hits Record $6.529 in 11th Straight Weekly Rise

US on-highway diesel hit a record $6.529 per gallon, the 11th straight weekly increase, up 74% year-over-year. Refiner margins are at records while freight and CPI take the hit.

Macro

Transportation Costs Keep Climbing, Diesel Up 77% YoY: WSJ

The WSJ says U.S. transport costs keep rising, with trucking at pandemic-era highs and diesel up 77% year-over-year. It is a re-inflation risk the Fed cannot easily dismiss.

energy

Trump's Iran War Is Inadvertently Cutting Global Fossil Fuel Use: WaPo

Trump's seven-month war with Iran has disrupted oil and gas flows through the Strait of Hormuz, and the IEA now projects global oil demand falls 2.5% in 2026, per a Washington Post analysis.

Geopolitics

Trump: Iran War Will End ‘Very Soon,’ Oil Prices to Follow

Trump said the Iran war will end ‘very soon,’ likely right after the midterms, and predicted oil prices would fall sharply. Energy, defense, and broad-index traders should watch the war-premium unwind.

energy

Louisiana Declares Emergency as Diesel Hits Record $6.03/Gallon

Louisiana Gov. Jeff Landry declared a state of emergency as diesel hit a record $6.03/gallon, letting farmers and loggers use dyed off-road fuel through October 22 amid a national distillate squeeze.

Geopolitics

US, Iran Weigh Phased Deal to Reopen Strait of Hormuz, Lift Blockade

US and Iranian negotiators in New York are exploring a phased deal that would reopen the Strait of Hormuz in exchange for lifting Washington's economic blockade, per Reuters.

Geopolitics

Netanyahu Targets Mamdani in Fiery UN Speech, Denies Gaza Genocide

Netanyahu used his UN General Assembly address to directly attack NYC Mayor Zohran Mamdani over genocide accusations, insisting Israel prevented genocide rather than committed it. Mamdani fired back, calling the speech baseless lies.

Politics

Senate Blocks Iran War Powers Resolution in 49-50 Vote

The Senate narrowly rejected a war powers resolution to end U.S. military action against Iran in a 49-50 vote, keeping the conflict, and its market impact on oil and defense names, in play.

Geopolitics

Trump: US Will Strike Iran Deal Right After Midterm Elections

Trump told the UN General Assembly he expects a US-Iran deal right after the November midterm elections, even as talks quietly resumed in New York and energy prices stay elevated.

energy

Rubio: Diesel Would Be $18 a Gallon If Not for Trump

Marco Rubio said diesel would hit $18 a gallon without Trump, as US diesel prints a record $6.53 average and Washington debates an export ban.

energy

Trump Weighs Diesel Export Ban as Prices Hit Record $6.53/Gal

Treasury Secretary Scott Bessent says the Trump administration is examining a full or partial diesel export ban as US diesel prices hit a record $6.53 per gallon. Trump backs the idea; analysts warn it could backfire.