In Euclid, Ohio, just outside Cleveland, sits a facility that most people would drive right past without a second look. But inside that facility, work is being done that could reshape America’s position in one of the most critical supply chain battles of our time. The company behind this work is REalloys (NASDAQ: ALOY), and they’re turning rare earth oxides into the defense-grade metals and alloys that go into the permanent magnets found in everything from fighter jets to missile guidance systems. REalloys doesn't have the name recognition…

Asian and Middle Eastern capital is lining up behind Alberta’s latest export push. Premier Danielle Smith says investors, including sovereign wealth funds, are prepared to take 15% to 30% minority stakes in a proposed 1-million-barrel-per-day pipeline aimed at Asian markets. The plan centers on moving oil sands crude to the northwest coast of British Columbia, with Prince Rupert now favored over Kitimat as the terminal site. The objective is straightforward: break Canada’s near-total dependence on the U.S., which still absorbs roughly…

Australia has long been synonymous with resource abundance — a country rich in minerals, energy, and hydrocarbons, including its own crude oil production. Yet today, it finds itself in the paradoxical position of scrambling for fuel, as disruptions to imports expose just how dependent the nation has become on refined products from abroad. Australia continues to produce oil domestically, with crude output around 320,000 b/d, yet its downstream dependency is overwhelming. In 2025, the country imported roughly 850,000 b/d of refined products…

The war in the Middle East and the halt of about 20% of global LNG trade flows are strengthening the case for increased LNG exports out of Western Canada. The political stability and the proximity to Asian markets make Canada’s Pacific Coast the perfect source of additional LNG supply to ease the strain on gas markets, which suddenly flipped from an expected glut for the rest of the decade to a major supply shortage that would take years to overcome. Canada would have been ideally positioned to fill in the gap. If only it had more than one…

Until less than a month ago, most energy analysts were warning about a glut in oil and a likely glut in LNG as new capacity came online in the United States. Glut was the word that described global energy market fundamentals. Then the U.S. and Israeli strikes on Iran on February 28 changed everything, and now everyone is warning of shortages. Oil shortages are already emerging in some parts of the world, but the bigger and worse shortage is in natural gas. QatarEnergy yesterday declared force majeure on LNG contracts with buyers in Italy, China,…

The New York Times story headlined, “Why Tech Giants are Ditching the Grid.” Perhaps it should have had a subtitle, “ Why that is so important to everyone else who takes electricity.”  We have argued that AI centers should be kept off the grid because they will put burdens on all other grid customers, thereby socializing the costs to the benefit of organizations that do not need a subsidy from everybody else. Some might object, pointing out that AI centers often will locate their own power plants next to the AI center,…

In the wake of recent efforts by Central Asian leaders to open new trade routes to Pakistan, India is stepping up its diplomatic engagement with regional governments. Trade volume between India and the five Central Asian states totaled close to $2.5 billion in 2025, roughly triple that of Pakistan. But regional leaders have articulated plans in recent months to rapidly increase trade with Islamabad. That seems to have provided impetus for a flurry of Indian diplomatic activity. Over the past 10 days, Indian officials have held talks with officials…

COSCO Shipping Lines, China's largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States and Iran currently engaged in ceasefire talks, despite statements by Tehran that the U.S. military is "negotiating with itself”.  COSCO has reinstated bookings for standard general cargo containers to Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Kuwait and Iraq after declaring to the International Maritime Organization (IMO)…

COSCO Shipping Lines, China's largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States and Iran currently engaged in ceasefire talks, despite statements by Tehran that the U.S. military is "negotiating with itself”.  COSCO has reinstated bookings for standard general cargo containers to Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Kuwait and Iraq after declaring to the International Maritime Organization (IMO)…

COSCO Shipping Lines, China's largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States and Iran currently engaged in ceasefire talks, despite statements by Tehran that the U.S. military is "negotiating with itself”.  COSCO has reinstated bookings for standard general cargo containers to Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Kuwait and Iraq after declaring to the International Maritime Organization (IMO)…

Since the start of the Middle Eastern conflict nearly a month ago, analysts have kept their eyes glued to the latest energy market data. On 2 March, Iran declared the Strait of Hormuz, a waterway which is responsible for shipping roughly one fifth of the world’s oil and gas, was “closed” and oil prices have slipped out of control ever since. Oil prices surged to over $110 (£82.14) per barrel, leading the US to launch an operation to reopen the strait, deploying jets and helicopters to the region. But while the market tracks…

Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources with knowledge of the refinery’s operations told Reuters on Wednesday.   Valero on Tuesday shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing unit on fire.  The refinery capable of processing 380,000 barrels per day (bpd) of crude is one of the largest in the United States and the U.S. Gulf Coast.  The refinery’s…

Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources with knowledge of the refinery’s operations told Reuters on Wednesday.   Valero on Tuesday shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing unit on fire.  The refinery capable of processing 380,000 barrels per day (bpd) of crude is one of the largest in the United States and the U.S. Gulf Coast.  The refinery’s…

Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources with knowledge of the refinery’s operations told Reuters on Wednesday.   Valero on Tuesday shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing unit on fire.  The refinery capable of processing 380,000 barrels per day (bpd) of crude is one of the largest in the United States and the U.S. Gulf Coast.  The refinery’s…

A sharp rebound in U.S. oilfield activity is colliding with a sudden geopolitical shock, as the latest Dallas Fed Energy Survey shows energy firms swinging back into expansion just as crude prices plunge roughly 4% on headlines that President Donald Trump has floated a 15-point Iran peace plan, abruptly stripping out part of the war-driven risk premium that had lifted prices more than 30% since late February.Brent crude for May delivery fell 3.9% to trade at $100.40 per barrel at 11.20 am ET while the corresponding WTI crude contract declined 3.77%…

A major fire broke out at the Ust-Luga oil port in Russia’s Leningrad region following a large-scale Ukrainian drone attack overnight on March 25, the second critical Baltic Sea export hub to be set ablaze this week following a similar strike on the nearby Primorsk port on Monday.  Ust-Luga port, one of Russia's largest multipurpose outlets on the Baltic Sea with capacity to handle approximately 700,000 barrels of oil per day, was sealed off after several oil storage reservoirs were set on fire. Russia’s Defense Ministry claimed…

A major fire broke out at the Ust-Luga oil port in Russia’s Leningrad region following a large-scale Ukrainian drone attack overnight on March 25, the second critical Baltic Sea export hub to be set ablaze this week following a similar strike on the nearby Primorsk port on Monday.  Ust-Luga port, one of Russia's largest multipurpose outlets on the Baltic Sea with capacity to handle approximately 700,000 barrels of oil per day, was sealed off after several oil storage reservoirs were set on fire. Russia’s Defense Ministry claimed…

A major fire broke out at the Ust-Luga oil port in Russia’s Leningrad region following a large-scale Ukrainian drone attack overnight on March 25, the second critical Baltic Sea export hub to be set ablaze this week following a similar strike on the nearby Primorsk port on Monday.  Ust-Luga port, one of Russia's largest multipurpose outlets on the Baltic Sea with capacity to handle approximately 700,000 barrels of oil per day, was sealed off after several oil storage reservoirs were set on fire. Russia’s Defense Ministry claimed…

Crude oil inventories in the United States increased by 6.9 million barrels during the week ending March 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 456.2 million barrels according to government data, which is 0.1% above the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a build of 2.3 million barrels in the period.…

Japan’s Prime Minister Sanae Takaichi on Wednesday asked the head of the International Energy Agency (IEA) to be ready for an additional release of oil stocks from reserves if it is necessary.  The IEA two weeks ago launched the biggest coordinated emergency stocks release, of over 400 million barrels, since it was created in the 1970s.  As part of this release, the U.S. has moved to release 172.2 million barrels from the U.S. Strategic Petroleum Reserve (SPR), and Japan early this week began preparations to start releasing crude…