Current 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 […]
Continue ReadingThe U.S. Department of Energy (DOE) has delayed plans to replenish the Strategic Petroleum Reserve (SPR) by seven months, pushing back significant repurchasing efforts to mid-2025. This setback, driven by rising oil prices and budgetary constraints, raises concerns about the nation’s energy security at a time of global market volatility. Below, we explore the reasons […]
Continue ReadingU.S. crude oil inventories have dropped to an 11-year seasonal low, driven by robust summer driving demand, yet oil stocks are paradoxically declining. The U.S. Energy Information Administration (EIA) reported an 11.5 million barrel drawdown to 420.9 million barrels for the week ending June 13, 2025, the most significant weekly decline in a year.web:1 High […]
Continue ReadingWhen Israel’s strikes on Iranian facilities sent oil prices spiking in mid-June 2025, U.S. oil producers didn’t hesitate. With West Texas Intermediate (WTI) crude jumping from the high $50s to $75 per barrel, shale operators rushed to hedge their output, locking in juicy profits just before a ceasefire announcement by President Donald Trump cooled the […]
Continue ReadingThe global energy landscape is undergoing a seismic shift, and major banks are making their moves clear. After years of touting environmental, social, and governance (ESG) commitments, U.S. banking giants like JPMorgan Chase, Bank of America, and Citigroup are doubling down on fossil fuel investments, prioritizing profits over climate pledges. According to the 2024 Banking […]
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