The U.S. Department of Energy on October 10, 2026, authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address supply disruptions from hurricane activity in the Gulf of America. Source –Energy ExxonMobil and BP America each received authority for up to 2 million barrels. […]
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U.S. Treasury Secretary Scott Bessent has highlighted a core contradiction in Europe’s energy policy amid ongoing debates over Russian diesel supplies. In comments tied to a Trump administration arrangement for Russian diesel releases (initially 300,000 tonnes, with more to follow) to ease prices amid broader supply pressures, Bessent stated that Europe has transferred more money […]
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President Donald Trump’s Sunday announcement that Russia and Ukraine have agreed to an “ENERGY CEASEFIRE,” effective immediately, arrives at a flashpoint where global fuel markets, U.S. domestic politics, and wartime diplomacy intersect. The claim—posted on Truth Social with the instruction “Both parties have agreed. Do not break it!”—followed days of sharp criticism of Ukrainian President […]
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As of mid-October 2026, U.S. drilling activity is firming. Baker Hughes reported its closely watched weekly rotary rig count at 603 for the week ending October 9 (up 5 week-over-week and up 56 year-over-year). WellDatabase’s operator-level U.S. Operator Rig Report dated 10.11.2026 showed 606 total rigs (down 5 week-over-week but up 32 year-over-year). Enverus’ daily […]
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A Kern County oilman briefed two Cabinet secretaries on a plan to store sunlight as heat in old California oil fields for weeks at a time. The physics is real, and a national lab study backs storage on a terawatt-hour scale. But the only funded test is a 100-kilowatt pilot, and some of the biggest […]
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The President signed the refining authority in April, and $1 billion has moved to the Energy Department. But ENB found no refinery award; most of the law expires Dec. 11, and the first big new refinery since 1977 is not due until 2028-29. The barrels that could come fastest are restarts and a wider shipping […]
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Peter Clack (@PeterDClack) recently put the central contradiction of the Western Net Zero project in plain terms: the green transition is now almost entirely dependent on hardware manufactured by the same industrial giant the West hoped to displace or outcompete. In a post that cuts to the heart of energy density, industrial policy, and geopolitical […]
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By Stuart Turley, host of the Energy News Beat podcast • Published Oct. 10, 2026 • Strike, reactions, prices and storm data as of 6:30 a.m. CT, Sat., Oct. 10, 2026 • Follows our Friday report, Trump Says Russia Will Supply Diesel If you haul freight, plant wheat or heat a house with oil, this […]
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Hurricane Isaias, the first named hurricane of the 2026 Atlantic season, made landfall as a Category 2 storm near Destin, Florida, late Friday evening, bringing destructive winds, storm surge, and heavy rain that left hundreds of thousands of utility customers in the dark across the Gulf Coast and into the Southeast.Bloomberg If you have power, […]
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Treasury opened the door with a six-month license, and Moscow says it is willing to sell, but the Kremlin confirmed no volumes and Kyiv calls it a gift to Putin. Diesel futures fell 4% Friday while the pump average held at $6.28. Here is what the 4.8 million tons Trump listed could and could not […]
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