ExxonMobil made $7.169 billion refining and $7.088 billion pumping oil in the third quarter, the first time in at least six years the refineries won, with its Gulf Coast crude units at 100%. What it costs to keep them there is the one number neither ExxonMobil nor Chevron will publish. By Energy News Beat | […]
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The 2026 US-Iran war and the effective closure of the Strait of Hormuz have delivered a sharp shock to the global helium market. Helium, extracted primarily as a byproduct of natural-gas processing, has no short-term substitutes in many critical applications. Qatar’s Ras Laffan complex—source of roughly one-third of world supply—saw production halted after Iranian strikes […]
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U.S. LNG exporter Venture Global (NYSE: VG) announced on October 15, 2026, that it has entered power and grid frame agreements with GE Vernova and Baker Hughes Energy Services. These cover up to 16 new 720 MW combined-cycle gas power island units plus associated transformers and grid equipment, potentially enabling roughly 11.5 GW of additional […]
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ExxonMobil’s preliminary third-quarter update has put refining front and center for investors. Higher refining margins are expected to add roughly $4.5 billion to downstream earnings compared with the second quarter—on top of the $4.1 billion the company already generated from refining in Q2. That surge comes even as upstream earnings face an estimated $1.3 billion […]
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Justices debate whether local governments can sue energy giants for harms linked to climate change. Let’s talk about reparations for United States citizens who have to pay the bill for climate lawfare after the UN and others have admitted that the Climate change narrative was falsified. The Supreme Court opened its new term Monday with […]
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The deal, exchanged on September 26, 2026, at the Second Azerbaijan International Investment Forum in the presence of President Ilham Aliyev, makes ExxonMobil the operator and still needs parliamentary ratification. It is the first time a U.S. supermajor has taken operatorship of an onshore unconventional program in Azerbaijan. The country has spent three decades built […]
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A diesel export ban is the kind of policy that polls well and trades poorly. With the AAA national average at about $6.53 a gallon as of September 22, 2026 — a record — and California well above $8, the political impulse is obvious: keep more barrels at home. That impulse misunderstands how U.S. refining […]
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The United States is not short of crude oil. It is short of spare refining capacity, spare distillate inventory, and spare time. Diesel is the pressure point. National retail diesel is printing all-time highs near $6.40 a gallon. California is above $8.30. Midwest pump prices are breaking state records after ExxonMobil’s Joliet refinery in Illinois […]
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One of the Midwest’s most important diesel and gasoline plants is still dark. ExxonMobil’s Joliet refinery in unincorporated Channahon Township, Illinois — about 40 miles southwest of Chicago — remains offline after a Sunday power outage and a subsequent flood that overwhelmed a pump. ZeroHedge flagged the outage overnight as “one of the largest diesel […]
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The MOU is not a final development contract. Continental and PDVSA said they intend to convert it into a long-term Contrato de Participación Productiva (CPP) in the coming weeks. Once that agreement is signed, Continental would operate the block with a 100% working interest. The announcement was made in Houston during the G20 energy ministers […]
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