Rystad Energy
Venezuela’s Earthquake Didn’t Create the Weakness. It Found It.
A building in La Guaira stood for sixty years. Through oil booms and coups and the slow collapse of nearly everything around it. Through 1967, when the same neighborhoods swayed and some fell and the ones that didn’t were called survivors. It wasn’t a survivor. It was just waiting. On June 24, 2026, nine seconds…
Beyond the Strait: 30-40% of Gulf Refining Capacity Is Already Gone
The Market Is Watching the Wrong Number Brent crude hit $105.73 on Friday. Everyone is tracking the Strait of Hormuz. Nobody is talking about what is already broken. The ceasefire is holding. Just. The US naval blockade of Iranian ports is still active. Iran is still seizing ships. Both sides are using economic strangulation as…
