Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as Gulf states weigh […]
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In the latest OilPrice.com analysis by Irina Slav (published April 27, 2026), warnings about permanent oil demand destruction are pouring in amid the ongoing Middle East conflict. These warnings align directly with a widely discussed X post from commodities trader @CRUDEOIL231 (April 28, 2026), which highlights exponential cumulative shut-ins in the Middle East. The post […]
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ENB pub Note: This article ran on David Blackmon’s Substack and validates several articles we have published here on Energy News Beat. We recommend subscribing to David’s Substack. David and Stu Turley will be on a Podcast this week with Tim Stewart, President of the US Oil & Gas Association. Six weeks after I wrote […]
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In an era of geopolitical turmoil—from conflicts in the Middle East to supply chain disruptions—energy security is no longer a luxury but a strategic imperative. Countries worldwide are shifting from reliance on imported refined products to building domestic refining capacity and ramping up drilling programs. This “energy starts at home” approach not only insulates economies […]
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The ongoing closure of the Strait of Hormuz—now in its seventh week—has triggered the largest oil supply shock in modern history. Roughly 20 million barrels per day (mb/d) of crude and products once flowed through this narrow chokepoint. Today, tanker traffic has collapsed, exports have plunged to a trickle, and Gulf producers have been forced […]
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Energy News Beat Channel Exclusive Analysis – March 21, 2026 The U.S.-Israeli campaign against Iran, which escalated dramatically in early March 2026, has rapidly transformed into a full-scale “energy war.” Both sides and their proxies have deliberately targeted refineries, gas processing plants, LNG terminals, oil storage facilities, pipelines, and tankers. These strikes have disrupted critical […]
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In the midst of escalating tensions in the Middle East, the ongoing Iran War—marked by U.S. and Israeli strikes on Iranian targets—presents a pivotal moment for global energy markets. As of March 2026, the conflict has already disrupted regional oil flows, with Iran\’s key export hub, Kharg Island, targeted in U.S. operations. This island, […]
Continue ReadingIn the volatile landscape of global energy markets, oil prices are poised for a significant upward trajectory amid escalating geopolitical tensions in the Middle East. As of March 6, 2026, Brent crude has already surged above $89 per barrel, driven by a confluence of factors including disrupted shipping routes, production halts, and a burgeoning crisis […]
Continue ReadingENB Pub Note: This is an outstanding article from Giacomo Prandelli\’s Substack \”The Merchants News\”. He has been on the Energy News Beat Podcast, and we are looking to have him on again. He is a great author, and we recommend subscribing to his Substack. Lloyds of London appears to be the holdup now, and […]
Continue ReadingThe Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, remains one of the world\’s most vital energy arteries. In 2024, approximately 20 million barrels per day (b/d) of crude oil, condensate, and petroleum products transited this chokepoint, representing about 20% of global petroleum liquids consumption. Additionally, around one-fifth […]
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