California’s refining industry — once the backbone of the West Coast’s fuel supply — stands at a make-or-break moment. With just seven refineries still operating as of March 2026, the state is weeks away from the next wave of closures that will slash capacity by another 17–20%. Phillips 66’s Wilmington complex shut down late 2025; […]
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As the U.S.-Israel conflict with Iran roils global energy markets and pushes benchmark crude above $100 per barrel at times, Treasury Secretary Scott Bessent is wielding sanctions policy like a supply-side tool. With the Strait of Hormuz under pressure and Iranian exports partially disrupted, Bessent has already pulled several levers — temporary Russian oil sanctions […]
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The Bureau of Land Management (BLM) opened bids yesterday for the first competitive oil and gas lease sale in the National Petroleum Reserve–Alaska (NPR-A) since 2019 — and the results are stunning. Industry submitted 430 bids on 187 tracts covering approximately 1.335 million acres out of the 5.5 million acres offered across more than 600 […]
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Doomberg stops by the Energy Impacts and Energy News Beat podcasts to talk about the Global Oil and Gas Markets Update. Hosted by David Blackmon and Stu Turley, they have a rich history of having way too much fun talking about the energy, oil, and gas markets. 1. Geopolitical Tensions & Iran-US Conflict The transcript […]
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In a stunning intervention that exposes the deepening cracks in Britain’s net-zero dogma, Tara Singh, CEO of RenewableUK – the peak body for the UK wind industry – has publicly urged Energy Secretary Ed Miliband to ramp up North Sea oil and gas production. Writing in The Telegraph on March 16, 2026, Singh called on […]
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Oil is flowing again off the Santa Barbara coast for the first time in over a decade. On Monday, Sable Offshore Corp. restarted the Santa Ynez Pipeline System, sending “black gold” from its Dos Cuadras Field platforms through the onshore network that ends at Pentland Station in Kern County. The move follows President Donald Trump’s […]
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In the vast landscape of American energy, few contrasts are as stark as that between Texas and California. One state embodies self-reliance and global leadership, producing far more energy than it consumes while bolstering the nation\’s security and economy. The other grapples with policy-driven shortages, relying heavily on imports to meet basic needs—often from unstable […]
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In a major move to secure stable energy supplies amid escalating geopolitical tensions, Japan has inked deals worth up to $56 billion with the United States for oil, natural gas, and liquefied natural gas (LNG) purchases and investments. This agreement, finalized at the Asia-Pacific Energy Security Forum in Tokyo on March 14, 2026, underscores Japan\’s […]
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In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]
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By Stuart Turley, Energy News Beat In a development that underscores the resilience of Iran\’s oil infrastructure amid escalating geopolitical tensions, satellite imagery has confirmed the presence of two oil tankers at Kharg Island, Iran\’s primary oil export terminal in the Persian Gulf. This sighting comes just hours after U.S. precision strikes targeted military installations […]
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