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Home2025August

Month: August 2025

Crude Oil News

EIA Reports Surprise Draw in US Crude Oil Inventories: A Bullish Signal Amid Geopolitical Tensions

August 6, 2025 Clark Savage

Welcome back to the Energy News Beat Channel, where we break down the latest developments shaking up the global oil markets. Today, we’re diving into the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report, […]

Crude Oil News

Pakistan Strikes U.S. Oil Deal as Trump Jabs India

August 6, 2025 Clark Savage

In a move that underscores the shifting dynamics of global energy alliances, the United States and Pakistan have inked a significant trade and energy pact aimed at unlocking Pakistan’s untapped oil reserves. Announced by President […]

BP Appoints New Chairman with Experience of Relocation to New YorkBP to Cut 6,000 Jobs in Another Business Review
Big Oil Companies

BP to Cut 6,000 Jobs in Another Business Review

August 6, 2025 Clark Savage

In a move signaling ongoing efforts to streamline operations and boost profitability, British energy giant BP has announced plans to eliminate approximately 6,200 office-based roles this year, marking an increase from its earlier target of […]

Diesel

Oil & Gas vs. Renewables: One Profits, One Doesn’t

August 6, 2025 Andy Del Prado

Daily Standup Top Stories What is the Difference Between Oil, Gas and Wind, Solar and Hydrogen? Returns to investors and shareholders is the key. Stu Turley New Study Finds Wind-Turbine Dismantling Costs Are More Than […]

Crude Oil News

Oil Prices Climb Slightly as Trump’s Trade Threats Counter Oversupply Fears

August 6, 2025 Clark Savage

In a volatile week for global energy markets, oil prices have edged higher, with Brent crude futures climbing to $68.70 per barrel and West Texas Intermediate (WTI) reaching $65.90 per barrel as of August 6, […]

Energy News Beat Grid - Original by Clark Savage updated by Grok on X.
EIA News

U.S. electricity peak demand set new records twice in July

August 6, 2025 Stu Turley

Data source: U.S. Energy Information Administration, Form EIA-930, Hourly and Daily Balancing Authority Operations Report Electricity demand in the Lower 48 states exceeded previous peaks on two days in the last week of July. Hot weather, which […]

Geopolitical

Shadow tanker fleet still growing by 30 ships a month despite increased sanctions

August 6, 2025 Stu Turley

RegulatoryTankers Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see […]

Peru LNG
Exports

Peru LNG sent five cargoes in July

August 6, 2025 Mariel Alumit

According to shipment data by state-owned Perupetro, during July, the 4.4 mtpa LNG plant sent one shipment to the Netherlands, and two shipments each to France and South Korea. The shipments loaded onboard the LNG […]

Venture Global
Exports

Venture Global gets DOE OK to boost Calcasieu Pass LNG exports

August 6, 2025 Mariel Alumit

Venture Global said the uprate approval increases Calcasieu Pass’ permitted peak liquefaction capacity from 12.0 million tonnes per annum (mtpa) to 12.4 mtpa. In a separate statement, DOE announced that it signed a final authorization […]

Exports

GasLog Partners, Excelerate wrap up $27 million LNG carrier deal

August 6, 2025 Mariel Alumit

In June 2025, GasLog Partners entered into an agreement to sell, subject to customary and other closing conditions, the 145,000-cbm LNG carrier Methane Alison Victoria to an unrelated third party for a gross sale price […]

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