In the volatile world of energy markets, oil prices have surged in early February 2026, driven by escalating tensions and conflicting signals surrounding U.S.-Iran nuclear negotiations. West Texas Intermediate (WTI) crude climbed above $65 per barrel, while Brent crude topped $69, marking a three-day advance and the highest levels since September 2025. This rally reflects […]
Continue ReadingIn the ever-volatile world of global energy markets, January 2026 brought a notable dip in OPEC\’s crude oil production, largely attributed to political upheaval in Venezuela. According to recent surveys, the Organization of the Petroleum Exporting Countries (OPEC) pumped an average of 28.83 million barrels per day (bpd), marking a decline of 230,000 bpd from […]
Continue ReadingENB Pub Note: This article is from Andrew Korybko\’s Substack and has some interesting points. The US might be disappointed, but India’s oil imports have always been driven by market conditions, and neither American nor Venezuelan oil is likely to replace Russian oil at scale anytime soon. The most scandalous part of the Indo-US trade deal was […]
Continue ReadingIn a significant development for global energy dynamics, U.S. President Donald Trump and Indian Prime Minister Narendra Modi announced a trade agreement on February 2, 2026, aimed at resetting bilateral relations strained by tariffs and oil sourcing disputes. This deal, which reduces U.S. tariffs on Indian goods from 50% to 18%, is tied to India\’s […]
Continue ReadingIn a landmark move shaking up the U.S. shale industry, Devon Energy Corporation (NYSE: DVN) and Coterra Energy Inc. (NYSE: CTRA) have announced an all-stock merger valued at approximately $58 billion in combined enterprise value. The deal, unveiled on February 2, 2026, aims to forge a premier shale operator with enhanced scale, diversified assets, and […]
Continue ReadingThe global energy crisis has exposed vulnerabilities in supply chains, driving up prices and underscoring the fragility of overreliance on imports. Energy security, once a secondary concern, is now a cornerstone of national policy, ensuring stable access to affordable resources amid disruptions. Countries are turning inward, ramping up domestic production to shield economies from external […]
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 a resilient performance amid volatile energy markets, ExxonMobil (XOM) reported fourth-quarter 2025 earnings that surpassed Wall Street estimates, driven by unprecedented production levels that mitigated the impact of declining oil prices. The company\’s focus on high-margin assets in the Permian Basin and Guyana underscored its operational strength, even as broader industry headwinds persisted. This […]
Continue ReadingIn the heart of California\’s oil country, a critical artery for the state\’s energy supply has been severed. The San Pablo Bay Pipeline, the largest inland crude oil pipeline in the Golden State, has shut down, forcing thousands of barrels of oil to be transported by truck instead. What was once a seamless underground flow […]
Continue ReadingIn a year marked by fluctuating oil prices and geopolitical uncertainties, Chevron Corporation (NYSE: CVX) has delivered a strong finish to 2025, surpassing Wall Street\’s profit expectations for the fourth quarter. The energy giant\’s performance, bolstered by record production levels and strategic positioning in key markets like Venezuela, underscores its resilience amid industry challenges. As […]
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