https://peakoil.com Exploring Hydrocarbon Depletion Fri, 28 Aug 2026 08:10:37 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://peakoil.com/publicpolicy/alaska-gubernatorial-candidates-highlight-contrasting-philosophies-on-oil-and-gas https://peakoil.com/publicpolicy/alaska-gubernatorial-candidates-highlight-contrasting-philosophies-on-oil-and-gas#respond Fri, 28 Aug 2026 08:10:37 +0000 https://peakoil.com/generalideas/alaska-gubernatorial-candidates-highlight-contrasting-philosophies-on-oil-and-gas At their first candidate forum since the Aug. 18 primary election, the four remaining gubernatorial hopefuls pitched visions for the state’s future that revealed sharp political divides. Speaking at the event, held at the Alaska Oil and Gas Association’s annual conference in Anchorage, were Democrats Jonathan Kreiss-Tomkins and Tom Begich and Republicans Bernadette Wilson and […]]]> https://peakoil.com/publicpolicy/alaska-gubernatorial-candidates-highlight-contrasting-philosophies-on-oil-and-gas/feed 0 https://peakoil.com/publicpolicy/u-s-in-talks-to-take-direct-ownership-of-venezuelan-oil-fields https://peakoil.com/publicpolicy/u-s-in-talks-to-take-direct-ownership-of-venezuelan-oil-fields#respond Fri, 28 Aug 2026 06:10:44 +0000 https://peakoil.com/generalideas/u-s-in-talks-to-take-direct-ownership-of-venezuelan-oil-fields The Trump administration is reportedly in active discussions with Venezuela's interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude – a transaction […]]]> https://peakoil.com/publicpolicy/u-s-in-talks-to-take-direct-ownership-of-venezuelan-oil-fields/feed 0 https://peakoil.com/publicpolicy/evers-wisconsin-dnr-demand-halt-to-enbridge-line-5-work-after-spill https://peakoil.com/publicpolicy/evers-wisconsin-dnr-demand-halt-to-enbridge-line-5-work-after-spill#respond Fri, 28 Aug 2026 04:07:51 +0000 https://peakoil.com/generalideas/evers-wisconsin-dnr-demand-halt-to-enbridge-line-5-work-after-spill MADISON – State officials are demanding the halt of construction on a controversial pipeline through Wisconsin’s Northwoods, following a natural gas spill in Iron County. In an Aug. 27 letter to Enbridge, Department of Natural Resources Secretary Karen Hyun asked the company to halt construction on the Line 5 reroute while it investigates the Aug. […]]]> https://peakoil.com/publicpolicy/evers-wisconsin-dnr-demand-halt-to-enbridge-line-5-work-after-spill/feed 0 https://peakoil.com/publicpolicy/the-fossil-fuel-industry-is-spending-record-amounts-to-keep-california-from-regulating-it https://peakoil.com/publicpolicy/the-fossil-fuel-industry-is-spending-record-amounts-to-keep-california-from-regulating-it#respond Fri, 28 Aug 2026 02:11:25 +0000 https://peakoil.com/generalideas/the-fossil-fuel-industry-is-spending-record-amounts-to-keep-california-from-regulating-it The fossil fuel industry isn’t just raking in record profits amid the war with Iran. In California, it’s also spending big to oppose climate and worker-safety legislation. According to analyses by a coalition of environmental groups called the Last Chance Alliance, oil and gas companies spent more than $17 million( on California lobbying during the […]]]> https://peakoil.com/publicpolicy/the-fossil-fuel-industry-is-spending-record-amounts-to-keep-california-from-regulating-it/feed 0 https://peakoil.com/production/natural-gas-and-oil-forecast-diesel-stocks-tighten-as-hormuz-flows-slowly-recover https://peakoil.com/production/natural-gas-and-oil-forecast-diesel-stocks-tighten-as-hormuz-flows-slowly-recover#respond Fri, 28 Aug 2026 00:09:46 +0000 https://peakoil.com/generalideas/natural-gas-and-oil-forecast-diesel-stocks-tighten-as-hormuz-flows-slowly-recover Hormuz talks ease some oil supply fears, but tight diesel stocks keep fuel markets constrained as WTI and Brent remain technically vulnerable. Developments around the Strait of Hormuz have eased fears of a prolonged disruption. The signing of a revenue sharing and management agreement by Iran and Oman, and the visit of the Prime Minister […]]]> https://peakoil.com/production/natural-gas-and-oil-forecast-diesel-stocks-tighten-as-hormuz-flows-slowly-recover/feed 0 https://peakoil.com/publicpolicy/oil-rises-as-iran-deal-hopes-fade https://peakoil.com/publicpolicy/oil-rises-as-iran-deal-hopes-fade#respond Thu, 27 Aug 2026 22:07:53 +0000 https://peakoil.com/generalideas/oil-rises-as-iran-deal-hopes-fade Oil rose after a report said US President Donald Trump has told mediators he's uninterested in returning to terms of a June ceasefire deal signed with Iran, casting doubt on a sustainable increase in energy flows through the Strait of Hormuz. West Texas Intermediate rose about 1.7% to trade near $84 a barrel and Brent, […]]]> https://peakoil.com/publicpolicy/oil-rises-as-iran-deal-hopes-fade/feed 0 https://peakoil.com/production/the-dutch-are-filling-gas-wells-with-cement https://peakoil.com/production/the-dutch-are-filling-gas-wells-with-cement#respond Thu, 27 Aug 2026 20:10:16 +0000 https://peakoil.com/generalideas/the-dutch-are-filling-gas-wells-with-cement Readers will be familiar with the German nuclear phase-out. The Merkel and Scholz governments prematurely shut down twenty gigawatts of nuclear power. Those plants provided energy for 38 million households for less than twenty percent of the cost of gas. The Scholz government closed one power plant thirteen years before its expected retirement date. But […]]]> https://peakoil.com/production/the-dutch-are-filling-gas-wells-with-cement/feed 0 https://peakoil.com/publicpolicy/trumps-oil-and-gas-stock-trades-continued-during-iran-war-filings-show https://peakoil.com/publicpolicy/trumps-oil-and-gas-stock-trades-continued-during-iran-war-filings-show#respond Thu, 27 Aug 2026 18:08:33 +0000 https://peakoil.com/generalideas/trumps-oil-and-gas-stock-trades-continued-during-iran-war-filings-show Washington — President Trump’s investment accounts have continued to purchase and sell stock holdings in oil and natural gas companies while he oversees the U.S. war with Iran, according to his financial disclosure filings through the second quarter of 2026. As the Iran war continued, paused for a ceasefire and then restarted, Mr. Trump has […]]]> https://peakoil.com/publicpolicy/trumps-oil-and-gas-stock-trades-continued-during-iran-war-filings-show/feed 0 https://peakoil.com/production/weak-asian-oil-imports-challenge-claims-of-surge-in-hormuz-transits https://peakoil.com/production/weak-asian-oil-imports-challenge-claims-of-surge-in-hormuz-transits#respond Thu, 27 Aug 2026 16:07:27 +0000 https://peakoil.com/generalideas/weak-asian-oil-imports-challenge-claims-of-surge-in-hormuz-transits Asia is expected to welcome roughly the same volumes of crude oil this month as it did in July, with these still weak imports not signaling a surge in tanker crossings at the Strait of Hormuz as the U.S. Administration claims. Asia, the biggest and most prized oil market for oil exporters, is set to […]]]> https://peakoil.com/production/weak-asian-oil-imports-challenge-claims-of-surge-in-hormuz-transits/feed 0 https://peakoil.com/publicpolicy/alberta-premier-rejects-using-oil-as-a-weapon-against-trump https://peakoil.com/publicpolicy/alberta-premier-rejects-using-oil-as-a-weapon-against-trump#respond Thu, 27 Aug 2026 14:06:59 +0000 https://peakoil.com/generalideas/alberta-premier-rejects-using-oil-as-a-weapon-against-trump Alberta’s Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration’s tariff salvo against Ottawa, saying they would be damaging to Canada. “Although I understand the need to respond strongly to these tariffs, I cannot think of a more disastrous […]]]> https://peakoil.com/publicpolicy/alberta-premier-rejects-using-oil-as-a-weapon-against-trump/feed 0 https://peakoil.com/publicpolicy/totalenergies-exits-arctic-lng-2 https://peakoil.com/publicpolicy/totalenergies-exits-arctic-lng-2#respond Thu, 27 Aug 2026 12:10:02 +0000 https://peakoil.com/generalideas/totalenergies-exits-arctic-lng-2 TotalEnergies SE said Thursday it had completed the transfer of its impaired 10 percent stake in Russia’s Arctic LNG 2 project to PAO Novatek. “As part of the transfer agreement, TotalEnergies retains its rights to be reimbursed by Arctic LNG 2 for its share of the loans provided by the shareholders to the project, for […]]]> https://peakoil.com/publicpolicy/totalenergies-exits-arctic-lng-2/feed 0 https://peakoil.com/production/kuwait-qatar-cargoes-boost-hormuz-oil-flows https://peakoil.com/production/kuwait-qatar-cargoes-boost-hormuz-oil-flows#respond Thu, 27 Aug 2026 10:11:01 +0000 https://peakoil.com/generalideas/kuwait-qatar-cargoes-boost-hormuz-oil-flows Kuwait and Qatar – two of the Persian Gulf’s smaller oil producers – are sending more crude through the Strait of Hormuz, adding to an increase in shipments that are keeping global prices in check. The two countries, which exported a combined 2 million barrels a day of oil before the outbreak of the Iran […]]]> https://peakoil.com/production/kuwait-qatar-cargoes-boost-hormuz-oil-flows/feed 0 https://peakoil.com/consumption/europes-gas-stores-are-running-low-and-prices-could-top-100-euros-this-winter https://peakoil.com/consumption/europes-gas-stores-are-running-low-and-prices-could-top-100-euros-this-winter#respond Thu, 27 Aug 2026 08:08:24 +0000 https://peakoil.com/generalideas/europes-gas-stores-are-running-low-and-prices-could-top-100-euros-this-winter Europe is struggling to fill its natural gas stores ahead of winter, raising the risk that competition with Asia for supplies will push prices above 100 euros (around $117) per megawatt-hour for the first time since its energy crisis four years ago. European benchmark Dutch TTF futures climbed above 68 euros per megawatt-hour on Tuesday, […]]]> https://peakoil.com/consumption/europes-gas-stores-are-running-low-and-prices-could-top-100-euros-this-winter/feed 0 https://peakoil.com/production/qatars-liquified-natural-gas-exports-plunge-96-from-pre-war-numbers https://peakoil.com/production/qatars-liquified-natural-gas-exports-plunge-96-from-pre-war-numbers#respond Thu, 27 Aug 2026 06:07:57 +0000 https://peakoil.com/generalideas/qatars-liquified-natural-gas-exports-plunge-96-from-pre-war-numbers Six months after the outbreak of war between the United States and Iran, Qatar has emerged as one of the conflict’s biggest economic casualties. The country’s liquefied natural gas exports have fallen by 96%, according to data analyzed by Reuters. Since hostilities began, Qatar has exported just 18 LNG cargoes, compared with 509 during the […]]]> https://peakoil.com/production/qatars-liquified-natural-gas-exports-plunge-96-from-pre-war-numbers/feed 0 https://peakoil.com/production/aramco-finds-a-new-way-to-keep-saudi-crude-flowing-to-china https://peakoil.com/production/aramco-finds-a-new-way-to-keep-saudi-crude-flowing-to-china#respond Thu, 27 Aug 2026 04:08:06 +0000 https://peakoil.com/generalideas/aramco-finds-a-new-way-to-keep-saudi-crude-flowing-to-china Saudi Arabia is not waiting for the Strait of Hormuz to return to normal to deliver its crude to Asia. It is building a workaround, one tanker handoff at a time. Saudi Aramco is offering more September crude to Asian buyers through ship-to-ship transfers outside Hormuz, according to Reuters, after shipping data showed Saudi barrels […]]]> https://peakoil.com/production/aramco-finds-a-new-way-to-keep-saudi-crude-flowing-to-china/feed 0 https://peakoil.com/publicpolicy/unknown-projectile-hits-oil-tanker-off-oman-ukmto https://peakoil.com/publicpolicy/unknown-projectile-hits-oil-tanker-off-oman-ukmto#respond Thu, 27 Aug 2026 02:07:21 +0000 https://peakoil.com/generalideas/unknown-projectile-hits-oil-tanker-off-oman-ukmto An oil tanker was struck by an unidentified/unknown projectile about 9 nautical miles northeast of Ash Shishah, Oman, the UK Maritime Trade Operations (UKMTO) reported early on Tuesday. The impact damaged the engine room, disabling the vessel, UKMTO advisory/warning (referenced as Warning 120-26) stated. The crew was reported safe; environmental impact was not immediately known. […]]]> https://peakoil.com/publicpolicy/unknown-projectile-hits-oil-tanker-off-oman-ukmto/feed 0 https://peakoil.com/publicpolicy/chinas-iranian-oil-imports-nearly-halve-since-war https://peakoil.com/publicpolicy/chinas-iranian-oil-imports-nearly-halve-since-war#respond Thu, 27 Aug 2026 00:07:04 +0000 https://peakoil.com/generalideas/chinas-iranian-oil-imports-nearly-halve-since-war US sanctions add pressure as Beijing re-routes tankers away from Strait of Hormuz and Bab Al Mandeb. China is the world’s biggest crude importer and the largest buyer of Iranian oil. It imported about 12.4 million bpd of crude last year, with roughly half coming from the Middle East. Beijing has also been a reliable […]]]> https://peakoil.com/publicpolicy/chinas-iranian-oil-imports-nearly-halve-since-war/feed 0 https://peakoil.com/publicpolicy/trumps-new-economic-squeeze-on-iran-has-a-big-challenge-china https://peakoil.com/publicpolicy/trumps-new-economic-squeeze-on-iran-has-a-big-challenge-china#respond Wed, 26 Aug 2026 22:10:21 +0000 https://peakoil.com/generalideas/trumps-new-economic-squeeze-on-iran-has-a-big-challenge-china By DIDI TANG and FARNOUSH AMIRI. WASHINGTON (AP) — The ‘economic onslaught’ that Treasury Secretary Scott Bessent has declared on Iran’s financial connections around the world may have one major caveat: China. Beijing is Iran’s biggest trading partner and its leading oil buyer. While the U.S. is trying to isolate the Islamic Republic from its […]]]> https://peakoil.com/publicpolicy/trumps-new-economic-squeeze-on-iran-has-a-big-challenge-china/feed 0 https://peakoil.com/production/spr-sinks-toward-operational-minimum-as-u-s-crude-inventories-build https://peakoil.com/production/spr-sinks-toward-operational-minimum-as-u-s-crude-inventories-build#respond Wed, 26 Aug 2026 20:07:05 +0000 https://peakoil.com/generalideas/spr-sinks-toward-operational-minimum-as-u-s-crude-inventories-build The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.2 million barrels in the week ending August 21. Analysts had expected a 1.9 million-barrel build. In the week prior, US crude oil inventories fell by 328,000. Commercial crude oil inventories excluding the SPR have lost just over 45 […]]]> https://peakoil.com/production/spr-sinks-toward-operational-minimum-as-u-s-crude-inventories-build/feed 0 https://peakoil.com/production/u-s-refiners-face-new-crude-squeeze-as-canada-cuts-oil-sands-output https://peakoil.com/production/u-s-refiners-face-new-crude-squeeze-as-canada-cuts-oil-sands-output#respond Wed, 26 Aug 2026 18:07:55 +0000 https://peakoil.com/generalideas/u-s-refiners-face-new-crude-squeeze-as-canada-cuts-oil-sands-output U.S. refineries have been running at full speed for months to make up for lost fuel supply from the Middle East. Fuel exports from the United States have been breaking records. This may be about to change, and not because of the war. It is oil sands maintenance season in Canada. In September, Canadian crude […]]]> https://peakoil.com/production/u-s-refiners-face-new-crude-squeeze-as-canada-cuts-oil-sands-output/feed 0 https://peakoil.com/generalideas/the-unexpected-winner-of-the-iran-war-renewable-energy https://peakoil.com/generalideas/the-unexpected-winner-of-the-iran-war-renewable-energy#respond Wed, 26 Aug 2026 16:08:36 +0000 https://peakoil.com/generalideas/the-unexpected-winner-of-the-iran-war-renewable-energy Israel and the United States entered the latest war with Iran speaking about very specific goals: destroying Tehran’s nuclear threat, crippling its ballistic missile capabilities and, at least in some rhetoric, weakening or even toppling the regime. Those objectives remain unresolved. Iran’s uranium has not disappeared, reports suggest its missile arsenal is being rebuilt and […]]]> https://peakoil.com/generalideas/the-unexpected-winner-of-the-iran-war-renewable-energy/feed 0 https://peakoil.com/consumption/why-oils-war-premium-is-unwinding-again https://peakoil.com/consumption/why-oils-war-premium-is-unwinding-again#respond Wed, 26 Aug 2026 14:08:53 +0000 https://peakoil.com/generalideas/why-oils-war-premium-is-unwinding-again In an analysis posted on the Saxo Bank website on Wednesday, Ole Hansen, Saxo Bank Head of Commodity Research, outlined “why oil’s war premium is unwinding again”. Hansen highlighted in this analysis that oil prices had fallen “sharply” this week “as the market increasingly senses that both Washington and Tehran are looking for an exit […]]]> https://peakoil.com/consumption/why-oils-war-premium-is-unwinding-again/feed 0 https://peakoil.com/publicpolicy/iran-oman-push-talks-for-interim-hormuz-reopening https://peakoil.com/publicpolicy/iran-oman-push-talks-for-interim-hormuz-reopening#respond Wed, 26 Aug 2026 12:09:50 +0000 https://peakoil.com/generalideas/iran-oman-push-talks-for-interim-hormuz-reopening Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, according to a joint statement carried by the Oman News Agency, as the two sides press ahead with long-running talks over navigation through the key waterway. The initiative seeks to establish […]]]> https://peakoil.com/publicpolicy/iran-oman-push-talks-for-interim-hormuz-reopening/feed 0 https://peakoil.com/consumption/falling-oil-prices-help-calm-the-stock-and-bond-markets https://peakoil.com/consumption/falling-oil-prices-help-calm-the-stock-and-bond-markets#respond Wed, 26 Aug 2026 10:11:22 +0000 https://peakoil.com/consumption/falling-oil-prices-help-calm-the-stock-and-bond-markets NEW YORK (AP) — Oil prices fell again on Tuesday, which helped ease worries in the bond market and support stock prices. The S&P 500 rose 0.3% and edged a bit closer to its all-time high set earlier this month. The Dow Jones Industrial Average added 160 points, or 0.3%, and the Nasdaq composite climbed […]]]> https://peakoil.com/consumption/falling-oil-prices-help-calm-the-stock-and-bond-markets/feed 0 https://peakoil.com/business/woodside-retreats-on-clean-energy-doubles-down-on-lng https://peakoil.com/business/woodside-retreats-on-clean-energy-doubles-down-on-lng#respond Wed, 26 Aug 2026 08:07:37 +0000 https://peakoil.com/generalideas/woodside-retreats-on-clean-energy-doubles-down-on-lng Australia’s biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels, saying all its investments must compete equally for capital. Woodside will target $350 million in annual cost savings from 2028, partly through a pullback of lower-carbon investments that includes retiring its scope […]]]> https://peakoil.com/business/woodside-retreats-on-clean-energy-doubles-down-on-lng/feed 0 https://peakoil.com/enviroment/miles-long-mystery-sheen-reported-monday-no-longer-visible-in-cook-inlet https://peakoil.com/enviroment/miles-long-mystery-sheen-reported-monday-no-longer-visible-in-cook-inlet#respond Wed, 26 Aug 2026 06:12:23 +0000 https://peakoil.com/generalideas/miles-long-mystery-sheen-reported-monday-no-longer-visible-in-cook-inlet Authorities said Tuesday that they have been unable to locate a miles-long sheen on the water in Cook Inlet that had been reported a day earlier by a pilot. The sheen was said to be located in the vicinity of the decommissioned Spark oil and gas platform in the west side of the inlet near […]]]> https://peakoil.com/enviroment/miles-long-mystery-sheen-reported-monday-no-longer-visible-in-cook-inlet/feed 0 https://peakoil.com/consumption/diesels-hundred-dollar-crack-why-refinery-outages-not-crude-supply-are-driving-the-pain-at-the-pump https://peakoil.com/consumption/diesels-hundred-dollar-crack-why-refinery-outages-not-crude-supply-are-driving-the-pain-at-the-pump#respond Wed, 26 Aug 2026 04:07:14 +0000 https://peakoil.com/generalideas/diesels-hundred-dollar-crack-why-refinery-outages-not-crude-supply-are-driving-the-pain-at-the-pump Diesel is trading near $180 a barrel while its feedstock, West Texas Intermediate, sits at $85. That roughly $100-a-barrel crack spread, an all-time high, is not a crude story. It is a refining story: Somewhere between 7 and 8 million barrels a day of global refining capacity is offline, and the gap is starting to […]]]> https://peakoil.com/consumption/diesels-hundred-dollar-crack-why-refinery-outages-not-crude-supply-are-driving-the-pain-at-the-pump/feed 0 https://peakoil.com/publicpolicy/ukraine-hits-another-russian-refinery-as-fuel-crunch-worsens https://peakoil.com/publicpolicy/ukraine-hits-another-russian-refinery-as-fuel-crunch-worsens#respond Wed, 26 Aug 2026 02:09:05 +0000 https://peakoil.com/generalideas/ukraine-hits-another-russian-refinery-as-fuel-crunch-worsens Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack on Monday night, Ukrainian forces hit the 180,000-barrels-per-day Afipsky refinery in the southern Russian region of Krasnodar. A fire broke out at the refinery as […]]]> https://peakoil.com/publicpolicy/ukraine-hits-another-russian-refinery-as-fuel-crunch-worsens/feed 0 https://peakoil.com/production/truck-hits-enbridge-line-5-pipeline-in-wisconsin-triggering-natural-gas-liquids-leak-and-evacuations https://peakoil.com/production/truck-hits-enbridge-line-5-pipeline-in-wisconsin-triggering-natural-gas-liquids-leak-and-evacuations#respond Wed, 26 Aug 2026 00:06:15 +0000 https://peakoil.com/generalideas/truck-hits-enbridge-line-5-pipeline-in-wisconsin-triggering-natural-gas-liquids-leak-and-evacuations IRON COUNTY, Wis. – A truck collided with a pipe at a northern Wisconsin natural gas pipeline excavation site Tuesday, spilling liquids and covering the site in a haze as crews responded. Enbridge, the Canada-based energy company that operates the pipeline, said a parked, unoccupied semi-truck rolled into an open excavation site for the Line […]]]> https://peakoil.com/production/truck-hits-enbridge-line-5-pipeline-in-wisconsin-triggering-natural-gas-liquids-leak-and-evacuations/feed 0 https://peakoil.com/generalideas/short-term-energy-outlook-august-2026 https://peakoil.com/generalideas/short-term-energy-outlook-august-2026#respond Tue, 25 Aug 2026 22:09:56 +0000 https://peakoil.com/generalideas/short-term-energy-outlook-august-2026 The EIA Short Term Energy Outlook (STEO) was published recently. A summary in chart form. The EIA forecast assumes World output flows return nearly normal (only 1.7 MMb/d of Middle East shut-ins) by the first quarter of 2027. This assumption is exceedingly optimistic in my opinion. Note the stock build in 2027, not at all […]]]> https://peakoil.com/generalideas/short-term-energy-outlook-august-2026/feed 0