The global oil market is facing its most severe supply shock in years. Ongoing disruptions in the Middle East—driven by conflict and the effective closure of the Strait of Hormuz—have slashed exports by more than 13 million barrels per day (mb/d), triggered massive production shut-ins, and sent inventories plunging. According to the International Energy Agency’s […]
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Illinois Governor JB Pritzker’s policies are giving the moving industry a major boost—especially U-Haul. While Texas surges as the top destination for people and businesses, Illinois continues to bleed residents, jobs, and tax revenue. A recent Wall Street Journal opinion piece highlights how high taxes, heavy regulation, and aggressive climate mandates like the Climate and […]
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Houston, TX – April 21, 2026 – The latest U.S. rotary rig count data shows a modest pullback in drilling activity. According to Baker Hughes, the total U.S. rig count for the week ending April 17, 2026, stands at 543 rigs, down 2 rigs week-over-week from 545 the prior week. Oil-directed rigs slipped by 1 […]
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Arsenal Resources, a privately held pure-play natural gas explorer and producer focused exclusively on the Marcellus Shale, is exploring strategic options—including a potential sale that could value the company near $1.5 billion—according to sources familiar with the matter. The company has engaged financial advisers to gauge buyer interest, as the Marcellus basin continues to see […]
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In a decisive move to bolster U.S. energy security amid ongoing supply challenges and geopolitical tensions, President Donald J. Trump signed a Presidential Determination on April 20, 2026, invoking Section 303 of the Defense Production Act (DPA) of 1950 for domestic petroleum production, refining, and logistics capacity. The directive, addressed to the Secretary of Energy, […]
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In a landmark move that could reshape the global rare earth supply chain, USA Rare Earth, Inc. (Nasdaq: USAR) has announced a definitive agreement to acquire Serra Verde Group, the owner of Brazil’s Pela Ema rare earth mine and processing plant, in a cash-and-stock transaction valued at approximately $2.8 billion. The deal, announced on April […]
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A Major Win for U.S. Consumers in California and the West Coast April 20, 2026 — In a significant boost for energy reliability and supply security across the Western United States, Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced they are advancing the Western Gateway Pipeline Project. The move follows a […]
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Duke Energy (NYSE: DUK) is navigating a critical juncture that could define its earnings trajectory and investor appeal for years to come. On April 15, 2026, the utility filed with the North Carolina Utilities Commission (NCUC) to recover approximately $809 million in extraordinary fuel and purchased power costs incurred during an extreme winter cold snap […]
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Texas is at the epicenter of America’s AI revolution, and the numbers are staggering. The Electric Reliability Council of Texas (ERCOT) has released a preliminary Long-Term Load Forecast projecting peak electricity demand could hit approximately 367,790 MW (367.8 GW) by 2032—more than four times the current all-time record of 85,508 MW set in August 2023. […]
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ENB Pub Note: This story was originally published by the California Globe by Katy Grimes. We highly recommend reading their publication daily. Trump invoked the Defense Production Act to make sure US military bases have fuel for their jets and their boats By Katy Grimes, April 18, 2026 9:45 am Another oil and gaslighting press […]
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