The New York Times dropped a bombshell on April 10, 2026, that reads like a dark comedy sketch from the Iranian Revolutionary Guard Corps (IRGC) playbook. According to U.S. officials cited in the report, Iran cannot fully reopen the Strait of Hormuz—the artery carrying roughly 20% of the world’s oil and a massive share of […]
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A critical energy artery in Central Europe was temporarily disabled in late March 2026, raising fresh concerns about the continent’s fragile post-Russian oil supply chain. The Transalpine Pipeline (TAL), which carries millions of tons of non-Russian crude from the Italian port of Trieste across the Alps to refineries in southern Germany, Austria, and the Czech […]
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The U.S. rotary rig count fell by three this week to 545 active rigs, according to the latest Baker Hughes North America Rig Count report released today. This marks a modest decline from 548 rigs the prior week (week ending April 2) and leaves the count 38 rigs (or roughly 6.5%) below year-ago levels. The […]
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Energy Security Starts at home, and Jason hits Energy Dominance through Service out of the park. You have heard me say, “Energy Security starts at home, and Energy Dominance comes through your exports”. Well, Jason is a great example of how Energy Dominance can’t happen without exporting our great oilfield services to countries that need […]
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The Strait of Hormuz is still closed, and we have 9 huge stories to cover on today’s Energy News Beat Stand Up. I am calculating that $82 will be the new floor once the tankers are rolled out of the Persian Gulf and refilled. Goldman Sachs says that if the Strait is not open within […]
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An Energy News Beat Analysis of Volumes, Customers, Revenues, and Key Players Venezuela holds the world’s largest proven crude oil reserves — approximately 303 billion barrels — yet its actual output and exports have been a fraction of that potential for years due to decades of underinvestment, infrastructure decay, mismanagement, and shifting international sanctions. Oil […]
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California wants to fund green jet fuel — by raiding your road repair budget By Alejandro Lazo, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. Gov. Gavin Newsom is advancing a plan that could funnel hundreds of millions in road dollars to a struggling oil refinery — pitching it as […]
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Goldman Sachs has issued a stark warning: if the Strait of Hormuz remains largely closed to normal tanker traffic for just one more month, Brent crude is on track to average more than $100 per barrel through the rest of 2026 — and potentially the full year. The note, released Thursday after a fragile two-week […]
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The recent U.S.-Israeli conflict with Iran, which escalated in late February 2026 and triggered the effective closure of the Strait of Hormuz, delivered the largest supply disruption in the history of global energy markets. For over a month, roughly 20% of the world’s oil and LNG flows were choked off, oil prices spiked above $110–120 […]
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The Iran war has delivered the largest supply shock in energy-market history, with Gulf producers shutting in roughly 9 million barrels per day (bpd) of crude and related liquids. While a potential two-week ceasefire has sparked some price relief, analysts and the U.S. Energy Information Administration (EIA) agree that full market stabilization will take months […]
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