The European Union officially rolled out its 18th sanctions package today, overcoming opposition from Slovakia earlier in the week. The sanctions are aimed squarely at crippling Moscow’s revenue streams and tightening the noose on its shadow fleet of sanctioned tankers Under the new measures, the oil price cap for Russian crude will be tightened—reduced to […]
Continue ReadingIn the ever-evolving landscape of global energy markets, the Organization of the Petroleum Exporting Countries (OPEC) continues to navigate a delicate balance between securing greater market share and sustaining elevated oil prices. As of mid-2025, OPEC\’s strategy appears firmly rooted in a \”long game\” approach, where the cartel unwinds production cuts to reclaim lost ground […]
Continue ReadingWe are seeing more and more stories of key indicators of the shift back to energy normalcy. A small increase in Rigs this week in the U.S., but globally up 27; however, that is still not enough to increase production and lower prices. We are going to see another swing away from renewables in successful […]
Continue ReadingIn a significant policy reversal, the Trump administration\’s Department of the Interior (DOI) announced new measures to eliminate what it calls \”regulatory favoritism\” toward wind and solar energy projects. This initiative includes an enhanced oversight process for approvals and the termination of fee discounts, signaling a broader effort to level the playing field for traditional […]
Continue ReadingThe U.S. drilling industry showed signs of revival this week, with the total rig count rising for the first time in 12 weeks. According to the latest data from Baker Hughes, the active rig count in the United States increased by 7 to 544 as of July 18, 2025. This uptick was driven primarily by […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley, along with industry experts Doomberg,Mike Umbro, and David Blackmon It discusses the ongoing energy and political crisis in California, with a particular focus on the state\’s energy policies, oil production, and refinery shutdowns. We highlight the mismanagement of California\’s resources, the decline in domestic oil production, […]
Continue ReadingIn a landmark victory for Chevron Corporation (NYSE: CVX), the oil giant has officially completed its $53 billion acquisition of Hess Corporation (NYSE: HES) today, following Hess\’s successful arbitration win against ExxonMobil Corporation (NYSE: XOM). This resolution ends a protracted 20-month legal skirmish that had cast uncertainty over one of the most significant deals in […]
Continue ReadingIn a bold yet unilateral move, the European Union has rolled out its 18th sanctions package against Russia and Belarus, slashing the price cap on Russian crude oil from $60 to $47.60 per barrel. This adjustment, representing a 15% reduction below the average market price, aims to further squeeze Moscow\’s energy revenues amid the ongoing […]
Continue ReadingIn a world where oil prices are currently languishing below $70 per barrel, with analysts predicting they could average in the mid-$60s for the remainder of 2025, it\’s easy to assume a bearish outlook dominates the energy markets. Yet, beneath this apparent oversupply narrative lies a confluence of factors poised to drive a significant upside […]
Continue ReadingIn a bold, but horrifically bad idea, may move to pressure Russia into ending its war with Ukraine, President Donald Trump has threatened to impose 100% secondary tariffs on countries purchasing Russian oil and gas if no peace deal is reached within 50 days. This warning, delivered during discussions with NATO leaders, targets major importers such […]
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