Big Story: Saudi Arabia's Tanker Workaround Became the Target
On July 19, the NCC WAFA loaded Saudi crude at Yanbu and headed south toward the Bab el-Mandeb. Then it went dark. Its AIS transponder cut off somewhere in the northern Red Sea and the vessel turned around, executing the evasion maneuver that Saudi Arabia and its logistics partners had built into th…
Opinion
Opinion: Masdar buys into Repsol renewables as Spain's grid build-out outpaces Europe
Masdar Stops at 49.99% in Spain. The Forward Curve Already Answered Why. Spain's electricity forward market closed Friday with peak power for Calendar 2027 at $39.38/MWh, less than half the day-ahead …
Opinion: India's Import Cut Runs Into Its Own Operatorship Push
In April 2026, Reliance Industries lifted 219,000 barrels per day of Venezuelan crude into Jamnagar, more than any other buyer in the world, and roughly ten times what India was taking from Venezuela …
Opinion: PJM Sits Between Two Frozen Grids
On Thursday, the MISO Indiana Hub traded spot power at $116 per megawatt-hour, more than double what it averaged a year ago, while utilities across the grid's footprint confirmed that frozen federal g…
Opinion: OPEC+'s Unchanged Script Meets a Basket That Fell 10% Anyway
On August 2, seven OPEC+ members met virtually and produced a familiar document. September production targets would rise by 188,000 barrels per day. The number was clean, round, and identical to the i…