Shell is actively exploring the development of Venezuela’s offshore natural gas resources, with plans to route production through Trinidad and Tobago’s existing infrastructure for export as LNG. In a February 2026 earnings call and subsequent Bloomberg TV interview, Shell CEO Wael Sawan confirmed ongoing talks with Venezuela’s government to advance offshore gas projects, specifically targeting […]
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As Virginia prepares to rejoin the Regional Greenhouse Gas Initiative (RGGI) this summer under Democratic Gov. Abigail Spanberger, ratepayers are facing yet another round of higher electricity bills. Proponents frame the move as a smart climate policy that will somehow deliver affordability amid surging data-center demand. But the reality, backed by years of data from […]
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As U.S. naval pressure intensifies around Iran’s ports and the Strait of Hormuz, Tehran is accelerating use of its overland rail connection to China as a sanctions-busting “back door.” The route, part of Beijing’s Belt and Road infrastructure push, offers a faster, blockade-resistant alternative for goods — but how much can it really move, especially […]
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In a significant step toward reducing dependence on China for critical minerals, American mining company Critical Metals Corp. (NASDAQ: CRML) has secured formal approval from the Greenland government to acquire a 70% stake in 60° North ApS, advancing full control over the world-class Tanbreez rare earth deposit in southern Greenland. This development, announced in early […]
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If President Trump meets with President Xi next week the Iran War is over. You will NOT want to miss this episode of the Energy News Beat Global Oil and Gas Markets Update with our special guest Doomberg. We were live on LinkedIn and YouTube, and we had some great questions. Doomberg was on point […]
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Oil markets are set for continued wild swings in the coming weeks as investors grapple with uncertainty over a potential U.S.-Iran deal to end the ongoing conflict and reopen the Strait of Hormuz. Citigroup’s global head of commodities research, Max Layton, captured the mood perfectly in a May 7 Bloomberg Television interview: “It’s very difficult […]
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Global oil inventories are rapidly approaching their lowest level in nearly eight years, according to a new analysis from Goldman Sachs. The investment bank warned that the pace of depletion has become a major concern amid ongoing supply disruptions, particularly restrictions on flows through the Strait of Hormuz. Goldman estimates that total global oil stocks […]
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The ongoing conflict in the Middle East — sparked by U.S. and Israeli strikes on Iran in early 2026 — has delivered an unexpected windfall to the Kremlin. Global oil prices surged as threats to the Strait of Hormuz disrupted supplies from the region, pushing benchmark prices above $100 per barrel at peaks and lifting […]
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Italian Prime Minister Giorgia Meloni met Azerbaijani President Ilham Aliyev in Baku on May 4, 2026, and vowed to deepen energy cooperation with Azerbaijan as part of Italy’s broader strategy to secure supplies amid ongoing global disruptions. Meloni described Azerbaijani gas and oil — which currently account for 16% of Italy’s gas imports and 17% […]
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Irina Slav did a great job today leading the discussion, and it was interesting with the great comments from the live audience. Irina had a great point about the new Ford’s ability to shut down or allow you to use your own car due to heightened stress. This is not good, and I will not […]
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