In the latest weekly update from Baker Hughes, the US rig count has ticked higher, reaching 551 active rigs as of March 6, 2026. This marks a modest increase of 1 rig from the previous […]
By Stuart Turley, Energy News Beat Channel As tensions in the Middle East escalate into full-blown conflict, the global energy market is on high alert. The U.S.-Israeli strikes on Iran, dubbed Operation Epic Fury, began […]
In a significant disruption to energy flows in the Eastern Mediterranean, Chevron has declared force majeure at Israel’s Leviathan natural gas field following a government-ordered temporary shutdown. The halt, prompted by heightened security risks amid […]
The escalating conflict between the United States, Israel, and Iran, marked by military strikes and retaliatory actions, has thrust the global oil market into turmoil. As of March 1, 2026, Iran’s threats to close the […]
Saudi Arabia is flooding global markets with crude at the fastest pace in nearly three years, shipping 7.3 million barrels per day (b/d) in the first 24 days of February 2026 — the highest level […]
In a development that could breathe new life into long-dormant Canadian pipeline assets, South Bow Corp. is actively evaluating an expansion of its system that may effectively revive key segments of the canceled Keystone XL […]
As the world’s two largest oil importers grapple with geopolitical risks, supply disruptions, and the imperative of energy security, both China and India are pouring billions into boosting domestic oil and gas output. While progress […]
Dr. Matthew Wielicki stops by as a self-proclaimed Earth Science Professor-in-exile. He is one to listen to on key issues. His Substack is “Irrational Fear,” and he has 95K Followers on X. We have questions […]
In a landmark decision on February 20, 2026, the U.S. Supreme Court struck down President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs on global imports, ruling 6-3 […]
In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This […]
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