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Is This The No.1 Way To Play the Rare Earth Crisis?
Mar 26, 2026 • oilprice

Is This The No.1 Way To Play the Rare Earth Crisis?

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…

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Australia Delays Its Gas Crunch
Mar 26, 2026

Australia Delays Its Gas Crunch

Australia’s natural gas supply outlook has improved in recent months as near-term supply has improved, pushing back the expectation of extreme?peak-day?shortfalls in southern Australia to 2030, a year later than previously forecast, the Australian Energy Market Operator (AEMO) said on Thursday. AEMO’s latest gas adequacy outlook shows improved near-term supply conditions, thanks to increased?peak-day?gas supply, new infrastructure investment, and reduced consumption forecasts, according to the operator’s latest gas adequacy outlook.…

Alberta Courts Asian Capital for 1M bpd Pipeline to Break U.S. Dependence
Mar 26, 2026

Alberta Courts Asian Capital for 1M bpd Pipeline to Break U.S. Dependence

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…

Saudi Oil Exports to China and India Set to Fall Amid War Disruptions
Mar 26, 2026

Saudi Oil Exports to China and India Set to Fall Amid War Disruptions

Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the production disruptions in the Middle East, Bloomberg reported earlier today, citing traders. The traders said Saudi oil exports to the Chinese market were seen at some 40 million barrels, down from 48 million barrels shipped to the world’s top importer in February. Shipments to India were seen at around 23 million barrels, the Bloomberg sources said. That would be down from between 25 and 28 million barrels in February, based…

The Grid Is Losing Its Biggest New Customer
Mar 26, 2026

The Grid Is Losing Its Biggest New Customer

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,…

Gas Crisis Dwarfs Oil Shock as LNG Supply Breaks
Mar 26, 2026

Gas Crisis Dwarfs Oil Shock as LNG Supply Breaks

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,…

Australia’s Fuels Dependence Turns Into a Crisis
Mar 26, 2026

Australia’s Fuels Dependence Turns Into a Crisis

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…

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Valero Prepares to Restart Massive Texas Refinery After Explosion
Mar 26, 2026 • oilprice

Valero Prepares to Restart Massive Texas Refinery After Explosion

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…

Iraq's Economy Reels as Hormuz Blockade Chokes Oil Revenues
Mar 26, 2026 • oilprice

Iraq's Economy Reels as Hormuz Blockade Chokes Oil Revenues

Iraq is seeing the worst of the Middle East crisis as its heavily oil-dependent economy is now collapsing with the trickling oil revenues amid the blockage of the Strait of Hormuz. Iraq, OPEC’s second-biggest oil producer behind Saudi Arabia, has done very little in recent decades to diversify its heavy dependence on oil. Petroleum sales still account for 90% of revenues for state budget. While other producers in the Middle East also depend on oil sales, none is as dependent as Iraq. This dependence resulted in collapsing oil…