No country was more prepared for the war in Iran than China. As the rest of Asia reels from oil and gas shortages due to the Iran War, Beijing is sitting pretty thanks to its vast stores of crude oil and its enormous clean energy infrastructure. China has been building up its domestic clean energy sector faster than any other country on Earth at the same time that it has been stockpiling massive amounts of surplus oil and gas, all in anticipation of a major geopolitical disruption just like the one we’re seeing now. As a result, China is…

Just over a month since President Donald Trump’s decision to go to war with Iran, taken in the shadow of his military intervention in Venezuela, the contrast between the two is hard to ignore. One intervention is drifting into uncertainty, while the other is settling into something easily described as a success. As the world’s attention remains fixed on the volleys of missiles crossing the Middle East, the idea that Iran might follow Venezuela’s path now feels slightly absurd. For a moment, it was a compelling story of a quick…

Bridger Pipeline LLC has disclosed its proposed pipeline to transport crude from the ‌U.S.-Canada border to Wyoming would cost approximately US$2 billion and have a maximum capacity of 1.13 million barrels per day (bpd). The Casper-Wyoming company has proposed a 36-inch pipeline spanning nearly 650 miles (1,050 km) from the U.S.-Canada border in Phillips County, Montana, to Guernsey, Wyoming. The pipeline will initially operate at approximately 550,000 bpd; however, Plainview Energy Analytics has noted that batching light crude oil could allow…

Saudi Arabia's East-West Pipeline, a critical artery bypassing the Strait of Hormuz, was reportedly hit in an Iranian drone attack on Wednesday, Reuters has reported. According to the report, a pumping station along the 1,200 km pipeline was struck by a drone early morning on Wednesday. Prior to the attack, the pipeline was pumping at its emergency capacity of 7 million barrels per day (bpd) to bypass the shuttered Strait of Hormuz. The strike occurred just hours after a U.S.-Iran ceasefire announcement, which has so far failed to halt regional…

Saudi Arabia's East-West Pipeline, a critical artery bypassing the Strait of Hormuz, was reportedly hit in an Iranian drone attack on Wednesday, Reuters has reported. According to the report, a pumping station along the 1,200 km pipeline was struck by a drone early morning on Wednesday. Prior to the attack, the pipeline was pumping at its emergency capacity of 7 million barrels per day (bpd) to bypass the shuttered Strait of Hormuz. The strike occurred just hours after a U.S.-Iran ceasefire announcement, which has so far failed to halt regional…

The latest global oil shock has created an ideal environment for Suriname’s struggling oil boom. The impoverished South American country of less than seven hundred thousand is endeavoring to launch a transformative oil boom. Poor drilling results, a high gas-to-oil ratio, and conflicting seismic data saw Suriname’s oil boom put on hold during 2022. There are, however, obvious signs that the development of offshore Block 58 is back on track. Iran’s closure of the Strait of Hormuz, after U.S. and Israeli airstrikes, will drive higher…