President Trump’s administration is in advanced talks with Venezuela’s interim government for what officials describe as a “massive” energy deal: a U.S. ownership stake or long-term lease covering 17 of the country’s most promising oil and gas fields holding about 90 billion barrels of proven reserves. That is nearly a third of Venezuela’s world-leading 300 […]
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Energy News Beat | August 27, 2026 The U.S. diesel market is doing what tight commodity markets always do: it is advertising the shortage in the only language that matters — price. For the week ending August 21, EIA distillate stocks fell 2.2 million barrels, or 2.1%, to 103.4 million barrels. That is the lowest […]
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Energy News Beat | Analysis ExxonMobil is scaling robotic drilling in the Permian Basin after proving that machines can do the most dangerous job on a land rig: moving and connecting thousands of pounds of steel pipe on the drill floor. The company now has two automated rigs in a Permian fleet of more than […]
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Jeff Currie, founder and CEO of Real Macro and a veteran commodities strategist formerly of Goldman Sachs and Carlyle, appeared on CNBC’s Squawk Box on August 26, 2026, and cut through the usual noise. The segment title said it plainly: “The Strait of Hormuz is just one of many choke points being squeezed right now.” […]
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In Jurassic Park, Dr. Ian Malcolm delivers one of cinema’s most memorable lines: “Life finds a way.” Nature adapts, persists, and routes around obstacles no matter how carefully the fences are built. In the summer of 2026, crude oil is doing the same thing. Blockades and attacks have choked the Strait of Hormuz and the […]
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A recent JPMorgan report titled “Food Security is National Security: A Compounding Storm,” led by senior global economist Nora Szentivanyi, has sounded the alarm on rising risks of elevated global food inflation into 2027. The bank projects food inflation accelerating from about 2.8% in the first half of 2026 to around 5% annualized in the […]
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Prime Minister Mark Carney’s government has accelerated efforts to deepen Canada’s economic and security ties with the European Union, framing diversification as essential amid escalating trade friction with the United States. Official statements and actions indicate a strategic pivot toward Europe (and select other partners) rather than prioritizing new comprehensive U.S. trade arrangements beyond existing […]
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Yemen’s Iran-aligned Houthi forces claimed a ballistic missile strike on the Saudi-flagged VLCC Amzan (IMO 9693745, Bahri-owned, approximately 320,926 deadweight tons, built 2014) in the northern Red Sea off Yanbu on August 24, 2026. The attack formed part of the group’s ongoing “siege for siege” campaign enforcing a maritime ban on Saudi-linked shipping, which began […]
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WASHINGTON — On August 24, 2026, U.S. Treasury Secretary Scott Bessent announced the launch of “Operation Economic Outcast,” describing it as an unprecedented campaign to sever Iran’s remaining economic lifelines. Speaking at a press conference, Bessent stated: “Today, at President Trump’s direction, the United States Treasury has begun Operation Economic Outcast… Our objective is to […]
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We cover 10 Big Stories on the Energy News Beat Stand Up Welcome to the Energy Newsbeat, where host Stu Turley breaks down the ten most critical energy stories shaping global markets and infrastructure. In this episode, we explore a landscape marked by unprecedented challenges and opportunities: from the alarming vulnerability of the U.S. power […]
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