Locator: 51807TERAFAB.
Tag: Terafab.
The most influential businessmen alive today: Elon Musk, President Trump, Jensen Huang, and Tim Cook.
Link here. As you watch this, remind yourself that this was begun in 2026 or thereabouts. Meanwhile, California has laid no rail for its bullet train after a decade of work. Posted on YouTube eleven days ago.
Locator: 51806CITIES.
Cities by GDP:
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Back to the Bakken
WTI: $90.33.
New wells reporting:
RBN Energy: with refining capacity to spare, China could help ease global gasoline, diesel crunch. Link here. Archived.
It’s no secret that rising prices this year for refined products (especially gasoline and diesel) have drawn scorn from consumers, businesses and politicians alike. But while no obvious remedy appears likely in the very near term, that doesn’t mean the market is stuck indefinitely, as some major refiners, especially China, still have the capacity to boost output and exports. In today’s RBN blog, we look at how China could help stabilize the refined products market.
China could play a major role in restoring market balance, but let’s look at how we got here before we dive into those details. As we noted in Basket Case, the U.S.-Iran conflict has created one of the most significant disruptions to global petroleum markets in decades, with much of the market attention focused on crude oil and the loss of flows through the Strait of Hormuz. As we discussed in Stuck in a (Gulf) You Can’t Get Out Of, the volume of products flowing out of the strait has plummeted since the start of the war. After averaging an aggregate 3.3 MMb/d in January and February (sum of stacked areas in Figure 1 below), they cratered in the following months, dropping to as little as 100 Mb/d in April (dashed blue circle) as the three-month moving average (dashed red line) plunged.
Locator: 51804B.
WTI: $90.52.
Active rigs: 32.
Four new permits, #43325 - #43328, inclusive --
Eight permits canceled:
Fifteen well name changes: they all appear inconsequential --
Locator: 51803DIESEL.
New Delhi: India has emerged as a crucial source of diesel for Europe, supplying about 60 per cent of the fuel transiting the Bab-el-Mandeb to the region in August, as Russian exports remain severely constrained and US shipments begin to weaken, according to data from Vortexa - real-time data and advanced analytics for energy and freight.
About 2,00,000 barrels per day of diesel (gasoil) transited the Bab-el-Mandeb in August on vessels bound for Europe, close to year-earlier levels after flows through the key shipping route nearly stalled in March and April. India supplied roughly 60 per cent of that volume, making Indian refineries an increasingly important source of Europe's eastern diesel supply, Vortexa said in a report.
India is the world's fourth-largest refiner, with an installed capacity of 258.1 million tonnes per annum, which exceeds domestic fuel demand by a margin.
In addition, RBN Energy posted a blog on/about September 13, 2026. Link here. Unfortunately this site is unavailable. With a subscription, you can access it here.
