In a major move to secure stable energy supplies amid escalating geopolitical tensions, Japan has inked deals worth up to $56 billion with the United States for oil, natural gas, and liquefied natural gas (LNG) purchases and investments. This agreement, finalized at the Asia-Pacific Energy Security Forum in Tokyo on March 14, 2026, underscores Japan\’s […]
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In the midst of escalating tensions in the Middle East, the ongoing Iran War—marked by U.S. and Israeli strikes on Iranian targets—presents a pivotal moment for global energy markets. As of March 2026, the conflict has already disrupted regional oil flows, with Iran\’s key export hub, Kharg Island, targeted in U.S. operations. This island, […]
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As of March 15, 2026, global oil markets are buzzing with Brent crude prices climbing to $103.82 per barrel, marking a significant milestone above the $100 threshold amid ongoing geopolitical tensions and supply disruptions in key regions like the Strait of Hormuz. Meanwhile, West Texas Intermediate (WTI) crude is hovering just below at $99.30, reflecting […]
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In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]
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By Stuart Turley, Energy News Beat In a development that underscores the resilience of Iran\’s oil infrastructure amid escalating geopolitical tensions, satellite imagery has confirmed the presence of two oil tankers at Kharg Island, Iran\’s primary oil export terminal in the Persian Gulf. This sighting comes just hours after U.S. precision strikes targeted military installations […]
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The ongoing conflict involving Iran has sent shockwaves through global energy markets, marking what experts describe as the largest oil supply disruption in history. With the Strait of Hormuz effectively closed to most commercial shipping since late February 2026, approximately 20 million barrels per day (mb/d) of oil and petroleum products—representing about 20% of global […]
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In a late-night post on Truth Social dated March 13, 2026, President Donald Trump announced that U.S. forces had conducted a major bombing raid on Iran\’s Kharg Island, describing it as \”one of the most powerful bombing raids in the History of the Middle East.\” He emphasized that the strikes \”totally obliterated every MILITARY target\” […]
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As California\’s push toward a zero-emissions future accelerates, the state\’s petroleum refining sector is undergoing a dramatic transformation. With refinery closures already underway and more potentially on the horizon, California is increasingly dependent on imported refined products to meet its massive fuel demand. This shift raises critical questions about supply stability, price volatility, and broader […]
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In the midst of escalating tensions in the Middle East, hedge funds have ramped up their bullish positions on oil to levels not seen since early 2020, betting on sustained supply disruptions from the ongoing U.S.-Israel conflict with Iran. As of late February 2026, just before the strikes intensified, money managers boosted their net-long stance […]
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Gavin Newsom has succeeded in taking down the oil and gas market, and this was one of my most important podcasts. Mike Ariza, a refinery expert who has been working in the industry for decades, stopped by the Energy News Beat podcast, and what a show. Mike has been working with several key people in […]
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