This article was first published on the Energy News Beat Substack. In energy markets, the key metric that separates crude oil prices from what consumers ultimately pay at the pump is the crack spread—the difference between the cost of crude oil feedstock and the market value of refined products such as gasoline, diesel, and jet […]
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Putin admitted Russia is experiencing fuel shortages and long lines at gas stations, while insisting the situation remains manageable. Ukrainian drone attacks on refineries, pipelines, and oil terminals have forced fuel restrictions across numerous Russian regions. Moscow is considering a diesel export ban and prioritizing fuel supplies for agriculture as it seeks to stabilize the […]
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In a sharp and timely appearance on CNBC’s Squawk Street today (June 26, 2026), veteran commodity strategist Jeff Currie delivered a clear-eyed assessment of the oil market’s current dynamics. While acknowledging a near-term surplus, Currie stressed that today’s conditions offer almost no guidance on what lies ahead. Currie, Senior Advisor at the Carlyle Group and […]
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ENB Pub Note: This article was picked up by David Blackmon from Thomas J. Pyle over at the Institute for Energy Research. Both have been on the Energy News Beat Podcast. [Note: My friend and president of the Institute for Energy Research, Tom Pyle, took the time on Wednesday to put together this excellent primer for drivers […]
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Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]
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ENB Pub Note: This article was first published on the California Globe, and we highly recommend reading their work daily. Katy Grimes, Editor in Chief, and Mike Ariza have both been on the Energy News Beat Channel! What we lost was more than a refinery By Mike Ariza, June 23, 2026 4:26 pm When people […]
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ENB Pub Note: This article was first published on America Outloud, and we highly recommend subscribing to them and Ronald Stein’s news feed. With no pipelines over the Sierra Mountains, California is an energy island separated from the crude oil supply and the infrastructure of oil refineries within the other 49 States. Collectively, California, the […]
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Occupation authorities have halted fuel sales to private individuals and businesses, reserving supplies for government agencies and essential services. Ukrainian forces have intensified attacks on fuel depots, transport routes, and oil infrastructure supplying Crimea and southern Russia. The fuel shortage is disrupting Crimea’s tourism-dependent economy and exposing growing vulnerabilities in Russian logistics. Russian-installed authorities in […]
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Gasoline prices in the U.S. have eased from crisis peaks above $4.50 per gallon but remain stubbornly elevated. As of June 15, 2026, the national average for regular gasoline stood around $4.05 per gallon (with some reports citing ~$3.90–$3.99 recently), still more than $1 above pre-war (pre-2022) levels that were consistently under $3 per gallon. […]
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In a decisive move to strengthen its energy security amid recent global supply disruptions, the Indian government has directed state-owned Oil and Natural Gas Corporation (ONGC) to construct and fill a new underground strategic petroleum reserve (SPR) cavern at Mangaluru in Karnataka. The project, estimated at around $1.6 billion, will add 1.75 million metric tons […]
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