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• Sanctions leave a wave of crude stranded at sea
  The volume of crude oil sitting on tankers at sea has climbed to about...
  The volume of crude oil sitting on tankers at sea has climbed to about 1.4 billion barrels, roughly 24% above the seasonal norm as sanctions on Russia, Iran and Venezuela slow sales and leave more barrels stranded offshore. Increased production from OPEC+ and non-OPEC countries is deepening the glut, though China's quiet stockpiling of crude has kept oil benchmarks steady. However, if these stranded barrels begin moving onshore or sanctioned exporters succeed in rerouting them, the added supply could quickly pressure prices.
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• Regulatory Whiplash Biggest Roadblock to Meeting US Power Surge
  Energy sector executives convened at the Reuters Energy...

  Energy sector executives convened at the Reuters Energy Live conference in Houston on December 9 identified regulatory unpredictability as the foremost obstacle to meeting America's surging electricity demand. Despite industry readiness to deploy natural gas, renewables, storage, and emerging technologies, inconsistent state regulations and shifting federal policies across administrations are significantly delaying project development.

  
  

  Equinor's U.S. upstream and country manager, Chris Golden, emphasized that fragmented requirements and policy volatility substantially increase costs and timelines, hampering competitiveness for capital allocation. NRG Energy's Rob Gaudette underscored the challenge of financing multi-billion-dollar infrastructure with 30-year lifespans amid evolving regulatory frameworks across 50 states and changing federal administrations.

  
  

  The uncertainty particularly affects large industrial customers and data center developers, driving demand growth. Variables, including tax incentive qualifications, carbon rule enforcement, and environmental review requirements, fluctuate with election cycles, complicating long-term investment decisions. Executives warned that without regulatory clarity, load development will migrate toward states with more stable business environments, potentially limiting deployment opportunities. Industry leaders stressed that all energy sources will be necessary to meet anticipated demand growth driven by electrification, manufacturing reshoring, and data center expansion.

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• US seizes oil tanker off the coast of Venezuela
  In a major escalation of President Trump’s pressure campaign against...
  In a major escalation of President Trump’s pressure campaign against Venezuelan leader Nicolás Maduro, the US seized the tanker, threatening Venezuela’s oil-dependent economy. Without offering details, President Trump said it was “a large tanker, very large, largest one ever seized, actually.” Attorney General Pam Bondi said the tanker had been used to transport sanctioned oil from Venezuela and Iran. The Venezuelan government called the US’ actions “blatant theft.” The US has also been building up its naval presence in the area, and earlier, the US helped Venezuelan opposition leader María Corina Machado out of the country to travel to Norway, where she didn’t quite make it in time to personally accept her Nobel Peace Prize.
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• ☕️What Else is Brewing Thursday Morning
  The US wants to screen foreign tourists’ social media for entry. A...
  The US wants to screen foreign tourists’ social media for entry. A new proposal from the Trump administration would require travelers from 42 countries, including the UK, France, Australia, and Japan—who typically don’t need visas to enter the country—to provide five years’ worth of social media history in order to visit the US. The proposal from the US Customs and Border Protection is not yet final, and the agency will be accepting public comments on it for 60 days. But if it does take effect, it would be in keeping with new, more stringent requirements the administration has imposed for student visas and some work visa applications.
  
  The House passed a $900 billion defense bill that would withhold some travel funds for Defense Secretary Pete Hegseth unless the Pentagon gives lawmakers unedited videos of strikes on alleged drug boats. It must still pass the Senate before being sent to the president for a signature.
  
  Oracle’s stock plunged in after-hours trading yesterday after the software company fell short of earnings expectations.
  
  A federal judge granted a preliminary injunction requiring the Trump administration to end its deployment of the National Guard in Los Angeles and return control of the troops to the state, finding that allowing them to be indefinitely federalized would “wholly upend the federalism that is at the heart of our system of government.”
  
  The Department of Homeland Security is buying a fleet of Boeing 737s to use for deportations.
  
  YouTube TV plans to launch cheaper and smaller genre-specific subscription plans next year.
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• DAILY OIL PRICE: December 10, 2025
  Crude Oil: 58.46   (+0.21)....
  
  
  • Crude Oil: 58.46   (+0.21).
  
  
  • Nymex MTD AVG: 59.2410.
  
  
  • Natural Gas: 4.595   (+0.021).
  
  
  • Gasoline: 1.7815   (-0.0082).
  
  
  • Spreads: January/February (+0.16)     February/March (+0.14).
  
  
  • Plains WTI Posting: 54.94   (+0.21).
  
  

  
  Source: Odessa American
  
  
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