Key Points The U.S. has revised its 2025 crude oil output growth forecast downward to 160,000 barrels per day, down from 210,000, due to slower drilling activity. Research suggests that major basins like Permian, Bakken, and Eagle Ford will see varied impacts, with Permian leading at 6.53 million barrels per day in 2025, while others […]
Continue ReadingThe United States has imposed a fresh wave of sanctions targeting Iran’s petroleum and petrochemical sectors, escalating its \”maximum pressure\” campaign to curb Tehran’s oil exports and nuclear ambitions. These measures, announced in recent months under the Trump administration, not only tighten the screws on Iran but also place significant pressure on neighboring Iraq, which […]
Continue ReadingOn July 3, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, marking a pivotal shift in U.S. energy policy. This landmark legislation, passed with thin Republican majorities in Congress, aligns closely with the Trump administration’s energy and climate agenda, aiming to bolster domestic energy production and reduce reliance on […]
Continue ReadingThis is like the dog that chases a car so often that it doesn\’t know what to do when it finally catches up with the car. Doug Sheridan on LinkedIn again has some great points about the California refinery problems. Is Oil & Gas Right for Your Portfolio? Doug Sheridan Writes: Allysia Finley writes […]
Continue ReadingCurrent Report Oil and gas activity contracts slightly as uncertainty remains elevated What’s New This Quarter Special questions this quarter focus on changes to 2025 drilling plans, the impact of import tariffs on drilling plans and well costs, the expected impact of lower oil prices on oil production and service firm pricing and whether produced […]
Continue ReadingENB Pub Note: This is a fantastic article by friends of the Energy News Beat podcast, Nathan Hammer and Ronald Stein! This is an excellent article that was initially published on America Out Loud News, and we recommend following both Ronald and Nathan. California’s “Green” and “Net Zero” policymakers that wish to “transition away from […]
Continue ReadingCalifornia, often seen as a leader in environmental policy, is facing a paradox that could have far-reaching implications for national security, economic stability, and international relations. The state\’s energy policies, driven by a push for lower carbon emissions, have inadvertently positioned California as a funder of the ongoing conflict between Ukraine and Russia and a […]
Continue ReadingIn a move that has sparked both environmental and energy security debates, California’s state Senate recently introduced a landmark resolution to scrutinize the state’s reliance on crude oil imports from the Amazon, particularly from Ecuador. This decision follows a visit from Indigenous leaders from Ecuador’s Amazon, including Juan Bay, president of the Waorani Nation, Jhajayra […]
Continue ReadingThe U.S. oil and gas rig count continues its decline, with Baker Hughes reporting a drop of 7 rigs to 547 for the week ending June 27, 2025, the lowest since October 2021. Oil rigs fell by 6 to 432, and gas rigs dropped by 2 to 109, with 5 miscellaneous rigs unchanged. Globally, rig […]
Continue ReadingIn a recent opinion piece for The Daily Caller, energy expert David Blackmon highlighted a curious phenomenon: despite Israel’s military actions against Iran starting June 12, 2025, the anticipated oil price spike failed to materialize. Instead, the U.S. West Texas Intermediate (WTI) crude price dropped from $68.04 per barrel on June 12 to $64.50 by […]
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