Offshore Lease Bidding Lower Than Expected in the Second “Big Beautiful” Gulf of America Sale

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 and bid volumes than anticipated. Dubbed \”Big Beautiful Gulf 2\” (BBG2), the auction held by the Bureau of Ocean Energy […]

Continue Reading

EU and California Struggle to Deal with Price Fallout from the Iran Conflict

In the wake of escalating tensions in the Middle East, triggered by the U.S.-led military operation against Iran under President Trump, global energy markets are reeling from sharp price increases. European governments are scrambling to mitigate the inflationary pressures on energy and food, with measures like price caps and restrictions on fuel price fluctuations. The […]

Continue Reading

Marathon, Chevron, PBF Warn Governor Newsom of Widespread Refinery Shutdowns, Fuel shortages, Economic Collapse

ENB Pub Note: This article is from the California Globe.  Gov. Newsom is presiding over perhaps the largest collapse of the oil industry, refinery operations and gasoline production in U.S. history By Katy Grimes, March 10, 2026 4:34 am With Marathon Petroleum sending a blistering warning to Governor Gavin Newsom and top state officials in a […]

Continue Reading

California Is a National Security Risk of Gavin Newsom’s Making – The Iran Conflict is Exposing the National Security Crisis

In the heart of America\’s energy landscape, California stands as a cautionary tale of ideological overreach. Under Governor Gavin Newsom\’s aggressive push toward net zero emissions, the state has waged an unrelenting war on its own oil and gas industry. This crusade, framed as a bold step against climate change, has instead crippled domestic production, […]

Continue Reading

Greek-Operated Oil Tanker Defied Iranian Threats and Crossed the Strait of Hormuz with 1 Million Barrels of Oil from Saudi Arabia

In a bold move amid escalating tensions in the Middle East, the Greek-operated oil tanker Shenlong successfully navigated the treacherous Strait of Hormuz, carrying approximately 1 million barrels of Saudi Arabian crude oil. This crossing, which occurred in recent days, marks one of the first major transits by a large commercial vessel since Iran issued […]

Continue Reading

Trump Sends the Signal the Iran War Could be over Soon – and the Oil markets respond.

In a surprising turn of events amid the escalating conflict in the Middle East, President Donald Trump has indicated that the ongoing war with Iran may conclude imminently. Speaking to CBS News on March 9, 2026, Trump described the military operation as \”very complete\” and suggested that hostilities could wrap up soon. This statement comes […]

Continue Reading