The Strait of Hormuz has long been the world’s most critical energy chokepoint—handling roughly 20 million barrels per day (b/d) of oil and a significant share of global LNG before the 2026 crisis. But Iran’s de facto closure of the strait since late February 2026, amid escalating conflict, has forced a permanent rethink. Even if […]
Continue Reading
Blacksburg, SC – USA Rare Earth (Nasdaq: USAR) has announced a $1.2 billion investment to build a major rare earth magnet manufacturing and refined metals facility in Cherokee County’s Bailey Industrial Park in Blacksburg, South Carolina. The project marks a significant milestone in the company’s effort to create a fully domestic “mine-to-magnet” supply chain and […]
Continue Reading
In a major boost for America’s energy security and domestic coal industry, President Donald J. Trump today invoked the Defense Production Act (DPA) to direct nearly $700 million in federal support for coal-fired power plants, new construction, restarts, and critical export infrastructure. The announcement, made during an Oval Office event focused on “Beautiful, Clean Coal,” […]
Continue Reading
Kim Farrington, a candidate for the U.S. Senate in Virginia, stopped by the EnergyNews Beat Podcast to discuss her campaign strategy of listening to Virginia voters and addressing their concerns. Kim Farrington is a candidate for U.S. Senate in Virginia, running on an America First platform, and she stopped by the Energy News Beat podcast […]
Continue Reading
Nigeria’s Dangote Petroleum Refinery has officially broken ground on a second 700,000-barrels-per-day (bpd) crude processing unit at its Lekki complex outside Lagos. The expansion, announced today, will nearly double the facility’s total refining capacity to approximately 1.4 million bpd once the new unit comes online by the end of 2028. The move cements the Dangote […]
Continue Reading
A major industrial proposal is advancing in northeast Oklahoma at the Tulsa Port of Inola along the Verdigris River. The Inola Aluminum Smelter—formally known as the Oklahoma Primary Aluminum project—represents the first new primary aluminum smelter in the United States since 1980 and would become the largest ever built in the country. What Is the […]
Continue Reading
Grimes County, Texas, took a bold step forward on June 3, 2026, by approving a major incentive package for SpaceX’s proposed TeraFab semiconductor manufacturing and advanced computing facility. In a 4-1 vote, county commissioners designated a Tax Increment Reinvestment Zone (TIRZ) and granted a 100% property tax abatement for the project, paving the way for […]
Continue Reading
In a significant victory for U.S. critical minerals security and domestic mining, the U.S. District Court for Idaho has denied a preliminary injunction sought by climate activist groups, clearing the way for construction to advance on Perpetua Resources’ Stibnite Gold Project. The ruling, issued late last week, removes a major litigation hurdle for what is […]
Continue Reading
New Delhi’s push for energy security took a major step forward on June 4, 2026, when Indian Prime Minister Narendra Modi met with Venezuela’s acting President Delcy Rodríguez. The high-level talks focused on expanding bilateral cooperation in energy, trade, investment, and renewables, with crude oil at the center of discussions. India is aggressively diversifying its […]
Continue Reading
The U.S. Energy Information Administration (EIA) released its latest Weekly Petroleum Status Report on June 3, 2026, covering data for the week ending May 29, 2026. The report reveals a significant tightening in U.S. petroleum inventories, with a massive combined draw in commercial crude oil and Strategic Petroleum Reserve (SPR) stocks. Analyst Ole S. Hansen […]
Continue Reading