In this explosive episode of the Energy News Beat Daily Standup, host Stu Turley breaks down ten major stories that expose a widening chasm between what financial markets are signaling and what’s actually happening on the ground in global energy infrastructure. From a $40-50 disconnect between paper oil prices and physical barrel delivery costs, to […]
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In the second quarter of 2026, ExxonMobil and Chevron delivered blockbuster earnings, fueled by elevated oil prices stemming from the ongoing Iran conflict and associated supply disruptions in the Middle East, including pressures around the Strait of Hormuz and Red Sea. These results highlight the resilience of the U.S. majors’ integrated portfolios amid geopolitical volatility, […]
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“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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Electricité de France (EDF) has shut down the Golfech-2 nuclear reactor in southern France as a blistering heatwave drives temperatures toward 40°C across parts of Europe. This is the latest in a record number of heat-related outages hitting France’s nuclear fleet this summer, curbing output from what remains the backbone of Europe’s electricity system. EDF […]
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Expand Energy Corporation (NASDAQ: EXE), North America’s largest independent natural gas producer, has reported a strong initial production (IP) rate of 27.5 million cubic feet per day (MMcf/d) from its first horizontal wildcat in the Far Western Haynesville. The Bobby Yancey #2H well, located in Houston County, Texas, features an 8,158-foot lateral and represents an […]
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ENB Pub Note: This article first ran on America Outloud by Ronald Stein and Mike Ariza, and both have been on the Energy News Beat Podcast and should be followed! This is urgent. With the loss of transportation fuel supplies from Asian refineries resulting from the Iranian War and California’s huge dependency, the 4th largest economy […]
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In the shadow of the ongoing Iran war that erupted in late February 2026, QatarEnergy—the world’s second-largest LNG exporter—is sending carefully calibrated signals to the global market. On one hand, it is cautiously testing the resumption of its own exports through the Strait of Hormuz. On the other, it is aggressively securing alternative supplies to […]
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President Donald Trump announced this week that U.S.-controlled sales of Venezuelan oil have generated more than $13 billion since the January 3, 2026, capture of former President Nicolás Maduro. The figure aligns with Financial Times calculations of revenues held in U.S. Treasury accounts. Trump stated the proceeds have “paid for that war many times over,” […]
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The U.S. Energy Information Administration (EIA) released its Weekly Petroleum Status Report on July 29, 2026, covering the week ending July 24, 2026. Commercial crude oil inventories (excluding the Strategic Petroleum Reserve) fell by 7.2 million barrels (precisely 7.167 million barrels) to 404.5 million barrels. This marked a sharp draw that far exceeded market expectations […]
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California’s energy debate often rests on a convenient narrative: gasoline and diesel demand is falling, so aging refineries can—and should—simply close. A recent CalMatters commentary by Ranjit Deshmukh, an environmental studies associate professor at UC Santa Barbara, advances exactly this view. Titled in essence “Aging oil refineries don’t need more public dollars. California should let […]
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