Saudi Arabia’s capital came under direct threat early Saturday as air-raid alerts sounded over Riyadh and explosions were heard, followed by a large plume of black smoke rising from a fuel storage depot at King Khalid International Airport. The incident marks the first time Houthi attacks have visibly affected the Saudi capital since fighting with […]
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Energy News Beat | September 19, 2026 The world’s long-haul crude system is running out of the ships that make it work. Bloomberg reported today that soaring freight costs are already making some distant crude trades uneconomic, with barely any Very Large Crude Carriers left for hire in parts of the market. That shortage is […]
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Energy News Beat | September 18, 2026JPMorgan’s commodities desk just did something Wall Street almost never does in public. It took the baseline off the table. In the September 17 Oil Markets Weekly note, titled “Dry powder,” Natasha Kaneva, Lyuba Savinova, and Artem Fakhredtinov wrote the line that has been circulating all day: “For the […]
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Aramco’s East-West pipeline outage leaves European term buyers with a zero allocation for October. Crude is being rerouted to Asia. Products, not barrels, remain the tighter market. Saudi Aramco has told European term customers they will receive no crude in October under long-term contracts, according to people familiar with the decision cited by Bloomberg and […]
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In this episode of Energy Newsbeat, host Stu Turley and energy industry expert Rey Trevino tackle the perfect storm facing America’s energy sector. With diesel prices hitting record highs, critical refineries offline, and geopolitical tensions threatening global oil supplies, the hosts dissect nine major energy stories that reveal how decades of regulatory missteps and policy […]
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The United States is not short of crude oil. It is short of spare refining capacity, spare distillate inventory, and spare time. Diesel is the pressure point. National retail diesel is printing all-time highs near $6.40 a gallon. California is above $8.30. Midwest pump prices are breaking state records after ExxonMobil’s Joliet refinery in Illinois […]
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West Texas Intermediate is trading near $101 a barrel. National gasoline is $4.44 a gallon. Those are the conditions that usually refill rig lines and permit queues. In Colorado, they have not. As of September 17, 2026, Colorado operators had filed only 335 drilling permits over the trailing 24 months. In the last 90 days, […]
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The U.S. Coast Guard and FBI boarded a Liberian-flagged very large crude carrier bound for Galveston, Texas, and a second energy tanker headed for another Texas port in the Gulf of Mexico after investigators found indications that foreign cyber actors had compromised their networks. Iranian state media claimed hackers seized control of propulsion, navigation, cargo, […]
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The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 now sits on President Donald Trump’s desk after the House passed it 262-159 on September 16. The Senate had already approved it 86-11. The bill targets Russia’s energy sector, officials, banks, oligarchs, and shadow fleet while authorizing the president to impose tariffs of up […]
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The MOU is not a final development contract. Continental and PDVSA said they intend to convert it into a long-term Contrato de Participación Productiva (CPP) in the coming weeks. Once that agreement is signed, Continental would operate the block with a 100% working interest. The announcement was made in Houston during the G20 energy ministers […]
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