The U.S. Energy Information Administration (EIA) reported a surprise and historically large build in commercial crude oil inventories for the week ending August 7, 2026. Commercial stocks (excluding the Strategic Petroleum Reserve) rose by 17.4 million barrels to 424.4 million barrels—the largest weekly increase since January 2023 and well above analyst expectations of a draw […]
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The International Energy Agency’s latest Oil Market Report underscores a deepening imbalance in global oil markets. Despite a sharper-than-expected contraction in demand driven by elevated prices from the ongoing Iran conflict and related disruptions, supply shortfalls have widened even more, producing the tightest near-term balances in years. At the time this article is written, Brent […]
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Geopolitical risks are colliding across multiple theaters in early August 2026, creating a perfect storm for energy markets. The Strait of Hormuz is flaring again, with Iranian loadings collapsing toward zero. Saudi Arabia’s Jazan refinery has been hit by Houthi drones for the second time in weeks. Ukraine continues deep strikes on Russian refining infrastructure, […]
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ENB Pub Note: This article first ran on America Outloud, and we highly recommend subscribing to Ronald Stein and Mike Ariza there. They both have been on the Energy News Beat podcast and are fantastic resources for the energy markets. Worldwide economies run on continuous and uninterruptible electricity and transportation fuels like the following: Jet […]
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President Donald Trump has extended a temporary waiver of the Jones Act for another 90 days, allowing foreign-flagged vessels to continue transporting certain energy commodities and related products between U.S. ports amid ongoing disruptions from the war in Iran. The extension, finalized around August 10, 2026, and set to take effect after the prior waiver’s […]
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Stu Turley, Energy News Beat Podcast Host, recently highlighted a long-standing debate over ethanol-blended gasoline. After filling up with 89-octane fuel containing up to 10% ethanol (E10) and driving 349 miles, the vehicle averaged 17.4 miles per gallon—well below its typical 22–24 mpg. Switching to ethanol-free gasoline restored performance to 22.3 mpg almost immediately. The […]
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Yemen’s Iran-aligned Houthis claimed a drone strike on Saudi Aramco’s Jazan (also spelled Jizan) refinery on Sunday, August 9, 2026, just two days after the kingdom signed a major trilateral defense pact. Saudi Arabia’s Energy Ministry reported a fire at a facility within the complex that was extinguished with no injuries. This marks the latest […]
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On the night of August 7-8, 2026, Russia and Ukraine exchanged strikes targeting energy infrastructure and civilian areas. Russian forces launched ballistic missiles and drones at the Kyiv region and capital, while Ukrainian forces conducted long-range drone strikes on two Russian oil refineries. Russian strikes hit the Brovary district near Kyiv and areas in the […]
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Energy News Beat Stand Up In a rapidly shifting global energy landscape, the stakes have never been higher. From Texas governors taking unprecedented action on data centers to Houthi attacks disrupting critical shipping lanes, from Europe’s plummeting LNG reserves to the fundamental clash between net zero policies and energy reality, this episode of the Energy […]
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U.S. commercial crude oil inventories rose last week, but Strategic Petroleum Reserve (SPR) draws and sharp declines in key refined products left overall oil and product stocks tighter, according to the Energy Information Administration’s (EIA) Weekly Petroleum Status Report released today for the week ending July 31, 2026. Key Inventory Highlights (Week Ending July 31, […]
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