Chevron Corp. is set to sign non-binding memorandums of understanding (MOUs) with the Iraqi government on Friday, advancing negotiations for major investments in two of Iraq’s key oil fields while joining efforts to develop pipelines that would allow Iraqi crude exports to bypass the vulnerable Strait of Hormuz. The move signals deepening U.S.-Iraq energy ties […]
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A long-dormant shale gas reservoir in Alberta is getting a second life — this time as a promising oil play. Companies are targeting the sandstone layers of the Basel Belly River formation in the Willesden Green area southwest of Edmonton, using modern fracking techniques to unlock light oil in what was historically a gas-focused zone.alamy.com […]
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Iraq has suspended crude oil loading operations at all its southern export terminals following a drone incident at the Basra (Basrah) terminal complex in the Persian Gulf. The move affects a significant portion of the country’s exports, which normally average around 3.3–3.6 million barrels per day (bpd) via these facilities (with some market commentary citing […]
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Energy News Beat Channel | July 16, 2026 Pacific Gas and Electric Company (PG&E) has implemented a Public Safety Power Shutoff (PSPS) affecting approximately 7,800 customers across small portions of 10 counties in Northern and Central California. The action, announced on July 14, 2026, began in the afternoon of July 15 as a precautionary measure […]
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A pivotal shift occurred overnight on July 14–15, 2026. Ukraine struck the Gazprom Neftekhim Salavat refinery in Bashkortostan — previously Russia’s last major untouched gasoline production facility — along with the Afipsky refinery in Krasnodar Krai. Drones traveled over 1,500 km to hit primary processing units at Salavat, igniting fires and knocking out its full […]
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ENB Pub Note: This article originally ran on RHG Phoenix’s site by Randy Green. We will be visiting with them on the podcast soon. The global oil market is navigating a complex rebalancing act amid geopolitical disruptions, sanctions evasion, and shifting supply dynamics. As of mid-July 2026, Brent crude trades in the low-to-mid $80s per […]
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ENB Pub Note: By RFE/RL staff – Jul 15, 2026 – I am old enough to remember a few years ago when a single tanker was hit by Iran, and oil jumped $30 per barrel. Russia has lost over 60% of its downstream capabilities, and in the last 3 weeks, over 90 vessels, including 20 tankers. […]
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Yasir Arafat, Co-Founder, CTO, & President, stops by the Energy News Beat podcast On July 4th, 2024—America’s 250th birthday—something extraordinary happened that most people missed. Allo Atomics turned on a brand new advanced nuclear reactor for the first time in 50 years. But here’s what makes this truly revolutionary: they designed, built, and achieved criticality […]
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The Wall Street Journal has reported concerns among tanker operators following strikes on vessels near the Port of Fujairah, raising alarms about the widening scope of attacks beyond the Strait of Hormuz. Social media commentary, including a post by Mario Nawfal, highlighted that Iranian missiles reportedly struck two oil tankers, leading to claims that the […]
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The Strait of Hormuz, the world’s most critical oil chokepoint carrying roughly 20% of global oil trade (around 20–21 million barrels per day pre-disruptions), is rapidly losing its stranglehold. According to Goldman Sachs analyst Alexandra Paulus, pipeline projects across the Gulf are on track to divert up to 45% of pre-war Persian Gulf oil exports […]
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