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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The ongoing conflict involving Iran has sent shockwaves through global energy markets, marking what experts describe as the largest oil supply disruption in history. With the Strait of Hormuz effectively closed to most commercial shipping since late February 2026, approximately 20 million barrels per day (mb/d) of oil and petroleum products—representing about 20% of global […]
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As California\’s push toward a zero-emissions future accelerates, the state\’s petroleum refining sector is undergoing a dramatic transformation. With refinery closures already underway and more potentially on the horizon, California is increasingly dependent on imported refined products to meet its massive fuel demand. This shift raises critical questions about supply stability, price volatility, and broader […]
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Gavin Newsom has succeeded in taking down the oil and gas market, and this was one of my most important podcasts. Mike Ariza, a refinery expert who has been working in the industry for decades, stopped by the Energy News Beat podcast, and what a show. Mike has been working with several key people in […]
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In a decisive response to skyrocketing oil prices triggered by the ongoing U.S.-Iran conflict, President Donald Trump has authorized the release of 172 million barrels from the Strategic Petroleum Reserve (SPR). This marks the largest drawdown under his administration and is part of a historic international effort coordinated by the International Energy Agency (IEA) to […]
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By Stuart Turley, Energy News Beat Channel In a dramatic response to escalating tensions in the Middle East, China has ordered its major oil refiners to suspend exports of key refined fuels, including diesel and gasoline. This move comes amid severe disruptions in the Strait of Hormuz, a critical chokepoint for global oil transit that […]
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ENB Pub Note: Unless the Fed steps in as discussed in the article Trump to Invoke Emergency Law for Offshore Oil Producer Sable – Can the Feds Intervene to Save the Refineries? how high will gas and diesel go up in California is a legitimate question Energy experts and industry groups warned elected officials and regulators […]
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In a bold move amid escalating global oil tensions, President Donald Trump is set to invoke the Defense Production Act—a Cold War-era authority—to override California state regulations and fast-track operations for Sable Offshore Corp. This decision targets the reactivation of idle offshore oil platforms off the southern California coast, aiming to bolster domestic crude […]
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By Stuart Turley, Energy News Beat The second offshore oil and gas lease sale in the Gulf of America under President Trump\’s \”One Big Beautiful Bill Act\” (OBBBA) has wrapped up with significantly lower participation and bid volumes than anticipated. Dubbed \”Big Beautiful Gulf 2\” (BBG2), the auction held by the Bureau of Ocean Energy […]
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ENB Pub Note: This article was originally posted on the California Globe, and Katy Grimes was on the Energy News Beat Podcast talking about this crisis. We highly recommend following and reading the California Globe. The California Air Resources Board has been using Chinese research to bolster their corrupt and dishonest climate policies California […]
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