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 […]
In a bold projection that underscores the enduring role of fossil fuels in the global energy landscape, Saudi Aramco has forecasted a 1.1 million barrels per day (bpd) increase in global oil demand for 2026, […]
In the latest weekly update from Baker Hughes, the US rig count has ticked higher, reaching 551 active rigs as of March 6, 2026. This marks a modest increase of 1 rig from the previous […]
President Trump’s rallying cry of “Drill baby Drill” has become a staple of his energy policy, emphasizing aggressive expansion of domestic fossil fuel production. Yet, the true engine behind the U.S. shale revolution over the […]
As the world’s two largest oil importers grapple with geopolitical risks, supply disruptions, and the imperative of energy security, both China and India are pouring billions into boosting domestic oil and gas output. While progress […]
In a landmark decision on February 20, 2026, the U.S. Supreme Court struck down President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs on global imports, ruling 6-3 […]
In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This […]
As the energy landscape evolves, Canada’s oil sands sector is buzzing with anticipation. Following a whirlwind 2025 marked by record production, infrastructure expansions, and shifting global demands, industry analysts predict a wave of mega-mergers in […]
The oil market in early 2026 has been anything but predictable. What was expected to be a year of oversupply and sluggish prices has instead delivered a surge in volatility, driven by geopolitical flare-ups and […]
In a stunning revelation that underscores the resilience of Russia’s energy sector amid Western sanctions, the Financial Times has exposed a sprawling smuggling network responsible for moving at least $90 billion worth of Russian crude […]
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