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Venezuela’s Oil Rebound Shows Why the Petrodollar Is a Logistics System May 5, 2026
Venezuela’s oil is moving again. That does not mean Venezuela’s oil industry has been rebuilt. It means something narrower, more technical, and more revealing: part of the machinery required to make Venezuelan barrels tradable has been switched back on. That distinction matters for oil markets. Venezuela’s oil exports rose 14% in April to 1.23 million […]
Norway Just Switched on Another Gas Lifeline for Europe May 5, 2026
With little fanfare but clear strategic impact, Equinor has brought the long-forgotten Eirin gas field into production, sending fresh gas volumes into Europe’s system at a moment when security of supply still outweighs nearly every other energy priority. The project may not be large by global standards, but its timing, speed, and symbolism speak far […]
US Senators Push to Reinstate Russian Oil Sanctions May 5, 2026
A group of 14 Senate Democrats is pressing the Trump administration to reinstate sanctions on Russian oil after a temporary waiver tied to the Iran war. In a letter to Treasury Secretary Scott Bessent, the lawmakers argued that the policy allows additional revenue to flow to Moscow, at a time when oil prices are already […]