A record armada of crude oil tankers is steaming toward the U.S. Gulf Coast in April 2026. Maritime intelligence from Windward shows roughly 171 crude tankers en route—well above the typical monthly average of about 110. Market data firm Kpler reports that 28 Very Large Crude Carriers (VLCCs), each capable of hauling up to 2 […]
Continue Reading
The United States continues to assert its position as a global energy powerhouse, with Gulf Coast refineries driving record exports of refined petroleum products. Demand for downstream fuels — particularly diesel (distillate fuel oil), jet fuel, and gasoline — has surged internationally, fueled by economic recovery in Latin America, Europe’s energy security needs, and rising […]
Continue Reading
A compelling chart shared on X (formerly Twitter) by Dr. Matthew M. Wielicki (@MatthewWielicki) cuts through the rhetoric on renewable energy. It ranks U.S. states by electricity affordability and overlays whether they enforce Renewable Portfolio Standards (RPS) and participate in cap-and-trade programs like the Regional Greenhouse Gas Initiative (RGGI). The top 10 most affordable states […]
Continue Reading
In the midst of escalating tensions in the Middle East, hedge funds have ramped up their bullish positions on oil to levels not seen since early 2020, betting on sustained supply disruptions from the ongoing U.S.-Israel conflict with Iran. As of late February 2026, just before the strikes intensified, money managers boosted their net-long stance […]
Continue ReadingBy Stuart Turley, Energy News Beat January 31, 2026 The latest Baker Hughes rig count report, released on January 30, 2026, shows a modest uptick in U.S. drilling activity with the total rig count climbing by 2 to 546. This marks a slight rebound from the previous week\’s 544 rigs. However, the figure remains significantly […]
Continue ReadingIn the latest Baker Hughes weekly report, the US oil and gas rig count declined, reflecting ongoing challenges in the energy sector amid fluctuating prices and market pressures. The total active drilling rigs fell by 6 to 542 for the week ending December 19, 2025. This drop continues a trend of reduced activity, with the […]
Continue ReadingIn the ever-volatile world of energy markets, the U.S. oil and gas sector continues to defy simple narratives. As of late October 2025, the U.S. rig count has dipped to 550 active rigs, marking a decline of 35 rigs compared to the same period last year. This drop comes even as domestic crude production hovers […]
Continue ReadingIn the dynamic world of energy production, the United States continues to defy expectations. Despite a stagnant rig count, U.S. crude oil output has reached unprecedented heights, showcasing remarkable efficiency gains and technological advancements in the industry. This trend highlights how operators are squeezing more production from fewer rigs, a testament to improved drilling techniques […]
Continue ReadingIn a move highlighting the vulnerabilities in the U.S. oil supply chain, ExxonMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address quality issues with Mars crude, a key Gulf of America oil grade. This borrowing aims to prevent potential disruptions at the company\’s […]
Continue ReadingDaily Standup Top Stories UAE Says Oil Market Needs More Oil with Healthy Demand July 9, 2025 Clark Savage The global oil market is showing signs of robust demand, according to United Arab Emirates Energy Minister Suhail al-Mazrouei, who recently stated that the market is “thirsty” for additional OPEC+ barrels. Speaking at a biennial […] DOE’s Grid […]
Continue Reading