Major U.S. shale producers are dialing back capital expenditures in key basins even as crude prices remain elevated, prioritizing shareholder returns, debt reduction, and free cash flow over rapid production growth. This capital discipline is creating headwinds for U.S. oil supply expansion at a time when global markets continue to seek reliable barrels. According to […]
Continue Reading
India’s coal demand is projected to climb to approximately 1.6 billion tonnes by 2030, up from around 1.2–1.3 billion tonnes in recent years. This growth is driven by rising electricity needs, industrial expansion (especially steel, cement, and power), and the need to maintain reliable baseload power amid extreme weather events and rapid economic development. Coal […]
Continue Reading
Saudi Aramco has put a stark number on the energy fallout from the ongoing US-Iran conflict: more than 2.6 billion barrels of oil supply lost since fighting erupted in February 2026. That figure, first highlighted by Aramco CEO Amin Nasser in early August and amplified in a recent Reuters report widely shared on X by […]
Continue Reading
“14 to 15 million barrels a day are leaving the Arabian Gulf region versus the 20 million barrels a day pre-conflict.” – Secretary Chris Wright In an exclusive interview on Fox News’ Special Report with Bret Baier on August 13, 2026, U.S. Energy Secretary Chris Wright provided a clearer picture of oil flows amid ongoing […]
Continue Reading
How Blue States are lining up to follow the UK and EU into fiscal and energy collapse. We are getting Kathryn scheduled on the Energy News Beat podcast soon. In her August 13, 2026, commentary for The Telegraph, independent energy analyst Kathryn Porter delivers a stark warning: Britain’s National Energy System Operator (NESO) is making […]
Continue Reading
Iraq’s state oil marketer SOMO has confirmed that Abu Dhabi National Oil Company (ADNOC) is among the buyers of its crude, with cargoes exiting via the Strait of Hormuz amid ongoing regional conflict and severe disruptions to normal shipping. Ali Nizar, director-general of SOMO, stated in a text message that “Adnoc is one of the […]
Continue Reading
The Trump administration’s third mandated offshore oil and gas lease sale in the Gulf of America (formerly the Gulf of Mexico) offered more than 81 million acres across roughly 15,100 unleased blocks on August 12, 2026. Conducted by the Marine Minerals Administration (the agency formed by combining the Bureau of Ocean Energy Management and the […]
Continue Reading
Indian state-controlled refiners Hindustan Petroleum Corporation Limited (HPCL) and Mangalore Refinery and Petrochemicals Limited (MRPL) are in the market for a combined up to 6 million barrels of spot crude, according to tender documents reviewed by Reuters and reported on August 12, 2026. HPCL is seeking up to 4 million barrels for delivery in September […]
Continue Reading
Doomberg stops by, and we solve the global oil crisis. – We did not really solve the world’s oil problems, but boy, we sure covered them. In this Energy Newsbeat podcast episode, hosts Stu Turley and Doomberg dive deep into the interconnected crises reshaping global energy markets and geopolitics. From contested claims about oil flowing through […]
Continue Reading
The U.S. Energy Information Administration (EIA) reported a surprise and historically large build in commercial crude oil inventories for the week ending August 7, 2026. Commercial stocks (excluding the Strategic Petroleum Reserve) rose by 17.4 million barrels to 424.4 million barrels—the largest weekly increase since January 2023 and well above analyst expectations of a draw […]
Continue Reading