In the midst of escalating geopolitical tensions in the Middle East, Saudi Arabia\’s long-term investments in pipeline infrastructure are proving to be a critical lifeline for global energy markets. With the Strait of Hormuz effectively shut down due to the ongoing conflict with Iran, the Kingdom\’s East-West Pipeline—often referred to as Petroline—has emerged as a […]
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In a decisive response to skyrocketing oil prices triggered by the ongoing U.S.-Iran conflict, President Donald Trump has authorized the release of 172 million barrels from the Strategic Petroleum Reserve (SPR). This marks the largest drawdown under his administration and is part of a historic international effort coordinated by the International Energy Agency (IEA) to […]
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By Stuart Turley, Energy News Beat Channel In a dramatic response to escalating tensions in the Middle East, China has ordered its major oil refiners to suspend exports of key refined fuels, including diesel and gasoline. This move comes amid severe disruptions in the Strait of Hormuz, a critical chokepoint for global oil transit that […]
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By Stuart Turley, Energy News Beat Channel In a dramatic escalation of the ongoing US-Iran conflict, two oil tankers were struck in Iraqi territorial waters in the northern Persian Gulf earlier tonight, adding to a series of maritime attacks that have disrupted global energy supplies. The incidents occurred approximately 5 nautical miles south of […]
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In a dramatic escalation of the ongoing 2026 Iran war, Iranian drones targeted Oman\’s Port of Salalah today, striking what is considered the sultanate\’s largest oil storage facility. The attack, part of Iran\’s broader retaliation against U.S. and Israeli strikes, has set ablaze multiple storage tanks, sending plumes of black smoke into the sky and […]
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By Stuart Turley, Energy News Beat The second offshore oil and gas lease sale in the Gulf of America under President Trump\’s \”One Big Beautiful Bill Act\” (OBBBA) has wrapped up with significantly lower participation and bid volumes than anticipated. Dubbed \”Big Beautiful Gulf 2\” (BBG2), the auction held by the Bureau of Ocean Energy […]
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In the wake of escalating tensions in the Middle East, triggered by the U.S.-led military operation against Iran under President Trump, global energy markets are reeling from sharp price increases. European governments are scrambling to mitigate the inflationary pressures on energy and food, with measures like price caps and restrictions on fuel price fluctuations. The […]
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Tim Stewart stops by the Energy News Beat and Energy Impacts Podcasts David Blackmon kicks off this joint podcast with Tim Stewart, President of the US Oil & Gas Association, and we have a wild discussion. 1. Oil and Gas Industry Volatility The speakers examine the current unstable state of the oil and gas sector, focusing […]
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In the heart of America\’s energy landscape, California stands as a cautionary tale of ideological overreach. Under Governor Gavin Newsom\’s aggressive push toward net zero emissions, the state has waged an unrelenting war on its own oil and gas industry. This crusade, framed as a bold step against climate change, has instead crippled domestic production, […]
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In a bold move amid escalating tensions in the Middle East, the Greek-operated oil tanker Shenlong successfully navigated the treacherous Strait of Hormuz, carrying approximately 1 million barrels of Saudi Arabian crude oil. This crossing, which occurred in recent days, marks one of the first major transits by a large commercial vessel since Iran issued […]
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