Clark Savage, Author at Energy News Beat

Net Zero has hit the Bank of England, and they cut all support for coal. But the rest of the world increases use of coal and low-cost energy.

August 3, 2026 Clark Savage240

The Bank of England is moving further away from thermal coal. From October 2026, it will no longer accept bonds issued by companies deriving revenue from thermal coal mining as eligible collateral in its lending operations. Commercial banks borrowing from the Bank (including major UK institutions) will not be able to post those bonds. The […]

The Iran War Spread to the Red Sea, and What is the Impact

August 3, 2026 Clark Savage1043

The conflict centered on Iran has expanded into the Red Sea, turning one of the world’s most critical energy corridors into a flashpoint with cascading effects on oil logistics, costs, and market dynamics. Energy analyst Anas Alhajji (@anasalhajji) captured the strategic stakes in a detailed August 3, 2026, post analyzing the Red Sea’s elevated importance. […]

Saudi Arabia Shipping Less But Revenues Are Up Due to Higher Oil Prices

August 3, 2026 Clark Savage461

Saudi Arabia is exporting and producing less oil amid ongoing regional conflicts and shipping disruptions, yet its oil revenues have risen sharply thanks to elevated crude prices. This paradox highlights the resilience of the Kingdom’s energy sector even as capacity constraints, security threats, and infrastructure damage create significant hurdles. In the second quarter of 2026, […]

Kuwait raises crude oil output to near 2 million bpd in July, source says

August 2, 2026 Clark Savage798

Kuwait’s crude oil production averaged 1.971 million barrels per day (bpd) in July 2026, up from about 1.65 million bpd in June, according to a source familiar with the matter. This brings output close to the 2 million bpd level and marks continued recovery after severe disruptions earlier in the year. The rebound follows the […]

The Energy Transition is Happening – It’s Not What the Climate Activists Wanted

August 2, 2026 Clark Savage569

For years, the dominant energy narrative has been a single, heavily marketed story: the world is undergoing an inevitable, morally urgent transition away from fossil fuels toward wind, solar, and battery storage. Climate activists, aligned media, and policymakers have framed this as both destiny and imperative. As David Blackmon observed in his August 2, 2026, […]

New York City’s Aging Power Barges Show the Blackout Risk Is Real

August 2, 2026 Clark Savage976

New York City’s lights increasingly depend on a pair of half-century-old floating power plants that were never meant to run this hard. The Gowanus and Narrows barge-mounted generating stations, moored off Brooklyn in the Upper Bay, serve as the city’s last line of defense against blackouts. As intense heat waves and rising demand strain the […]

EQT Announces Raised Guidance and Strong Earnings: The Future Is Bright

August 1, 2026August 1, 2026 Clark Savage923

EQT Corporation (NYSE: EQT), the largest natural gas producer in the United States, delivered a standout second quarter of 2026 and raised full-year production guidance, underscoring the strength of its low-cost model and positioning the company at the center of growing domestic and global natural gas demand. On July 21, 2026, EQT reported sales volumes […]

Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining Capacity

August 1, 2026 Clark Savage600

High fuel prices are likely to persist even if crude oil prices ease in the coming months. Global refining capacity remains critically constrained by the ongoing wars involving Iran (including the Strait of Hormuz disruption under Operation Epic Fury) and Russia-Ukraine, according to warnings from the chief executives of ExxonMobil and Chevron. On recent earnings […]

Tanker Carrying Qatari LNG Struck While Transiting the Strait of Hormuz

August 1, 2026August 1, 2026 Clark Savage677

A liquefied natural gas (LNG) tanker loaded with Qatari cargo was struck by a projectile while transiting the Strait of Hormuz overnight, marking another escalation in attacks on critical energy shipping and raising fresh alarms about supply security for the world’s second-largest LNG exporter. Security consultancies Vanguard Tech and Marisks identified the vessel as the […]

Data Center Alley Crisis Averted, But Sends A Huge Warning

August 1, 2026 Clark Savage887

Hat Tip to NBC4 Washington and the LinkedIn post by Bethany Boo, which highlighted the story. We covered this on the Energy News Beat Substack. Just before 8 a.m. on Wednesday, July 22, 2026, electricity flickered on and off for roughly 10 minutes across a vast stretch of the eastern United States—from Chicago to Boston […]

Author: Clark Savage

Net Zero has hit the Bank of England, and they cut all support for coal. But the rest of the world increases use of coal and low-cost energy.

The Iran War Spread to the Red Sea, and What is the Impact

Saudi Arabia Shipping Less But Revenues Are Up Due to Higher Oil Prices

Kuwait raises crude oil output to near 2 million bpd in July, source says

The Energy Transition is Happening – It’s Not What the Climate Activists Wanted

New York City’s Aging Power Barges Show the Blackout Risk Is Real

EQT Announces Raised Guidance and Strong Earnings: The Future Is Bright

Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining Capacity

Tanker Carrying Qatari LNG Struck While Transiting the Strait of Hormuz

Data Center Alley Crisis Averted, But Sends A Huge Warning

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