Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions

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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Solar Claims to be the Cheapest Power In History, and States are Running from it

There is a difference between Red and Blue States The headline from a June 19, 2026, OilPrice.com article captures a striking tension in U.S. energy policy: solar is repeatedly called “the cheapest power in human history” by sources like the IEA, yet multiple states—particularly blue ones—are dialing back aggressive renewable targets amid rising costs, reliability concerns, […]

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New York Just Got a Huge Influx of Clean Power From Canada. It Still Needs More, and Will Canada Cut the Power if They Don’t Agree with Trump?

New Yorkers woke up to a major milestone in the state’s green energy transition on June 1, 2026: the Champlain Hudson Power Express (CHPE) transmission line began flowing hydroelectric power from Quebec, Canada, directly into Queens. This $6 billion underground and underwater project, developed in partnership with Hydro-Québec, delivers up to 1,250 MW of carbon-free […]

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The Hormuz Squeeze Is Redrawing Global Oil and Gas Markets for Good – By Energy News Beat Channel

The Strait of Hormuz has long been the world’s most critical energy chokepoint—handling roughly 20 million barrels per day (b/d) of oil and a significant share of global LNG before the 2026 crisis. But Iran’s de facto closure of the strait since late February 2026, amid escalating conflict, has forced a permanent rethink. Even if […]

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