Crude Oil Archives - Energy News Beat

Middle East Escalation Meets China’s Return: Dual Chokepoints, Record Tanker Rates, and an Upward Spiral in Crude and Products

September 13, 2026 Clark Savage1

The Middle East energy map tightened sharply over the past week even as China resumed heavier crude buying. Houthi forces seized key Red Sea positions including Mocha and Perim Island, tightening control over the Bab el-Mandeb Strait and targeting Saudi-linked vessels. Drones originating from Iraq struck Saudi Arabia’s East-West pipeline, prompting a precautionary shutdown of […]

Diesel and Refining Capacity Set to be the Inflationary Impact The Fed Can’t Control

September 12, 2026 Clark Savage24

The Federal Reserve can raise rates. The Treasury can issue bills. Neither institution can weld a crude distillation unit back together after a drone strike, add inches to a California products pipeline, or refill Gatun Lake. That is the story of September 2026: crude is still findable; diesel is not. The constraint has moved downstream, […]

Chevron’s CEO Says The Oil Buffers Are Gone

September 12, 2026September 12, 2026 Clark Savage33

Chevron Chairman and CEO Mike Wirth delivered a blunt message in Austin on Friday: the shock absorbers that kept oil from exploding earlier in the Iran war are finished. Strategic stockpile releases and the U.S. decision to loosen rules on sanctioned crude sitting in floating storage have been “played out.” From here, he said, it […]

What does this mean for the U.S. Diesel and Oil Markets?

September 11, 2026 Clark Savage21

That is no longer a theoretical risk. With the Strait of Hormuz still effectively closed to most traffic by the U.S.-Iran war and Houthi forces tightening their grip on Bab el-Mandeb, the kingdom’s last high-volume workaround—the East-West pipeline to Yanbu—is under fire. The combination threatens crude exports and the diesel, gasoline, and jet fuel that […]

U.S. Weekly Rig Report: WellDatabase, Baker Hughes, and Enverus Compared — Record Production Meets Middle East Supply Shock

September 11, 2026 Clark Savage15

The latest WellDatabase U.S. Rig Report dated September 11, 2026, shows 598 active rigs, down 32 week-over-week but up 22 year-over-year. Baker Hughes, which released the same day, reported 591 rigs, up 3 from 588 the prior week and up about 52–54 from 537 a year earlier. Enverus’ daily GPS-tracked count stood near 661 as […]

Saudi Arabia East-West Oil Pipeline Pump Station May Be Hit by Houthis

September 11, 2026 Clark Savage23

Energy News Beat | September 11, 2026 Open-source satellite imagery and fire-detection data circulating Friday morning have raised the possibility that Yemen’s Houthis struck a pumping station on Saudi Arabia’s East-West crude pipeline, the kingdom’s main overland route around the Strait of Hormuz. The claim is serious. It is also, as of this writing, unconfirmed […]

Jeff Currie Sees ‘Extremely High’ Chance of $5 Gas by Midterms

September 11, 2026September 11, 2026 Clark Savage52

Veteran commodities strategist Jeff Currie says the odds that the U.S. average gasoline price hits $5 a gallon before the November midterms are “extremely high.” The former Goldman Sachs commodities chief, now founder and CEO of Real Macro and co-founder of 1947 Oil and Gas, told Bloomberg the energy shock has entered a dangerous new […]

EIA Raises 2027 U.S. Oil Output Forecast. What Does This Mean for U.S. Consumers and Investors?

September 11, 2026 Clark Savage39

The U.S. Energy Information Administration just raised its 2027 U.S. crude oil production forecast to a record 14.3 million barrels per day. On paper, that looks like good news for American energy security. In the real market of September 2026, it is only half the story. Oil prices are back above $100 a barrel this […]

OPEC’s Output Has Slumped to Lowest Since 1990

September 10, 2026 Clark Savage45

Saudi Arabia has told OPEC that its crude production collapsed again in August 2026, falling 1.9 million barrels per day to 6.238 million b/d—the lowest level the kingdom has reported since 1990, at the outset of the Gulf War. Riyadh attributed the drop to renewed U.S.–Iran hostilities that squeezed its export routes. That official communication, […]

WTI has crossed $100 as the market begins to price the scenario Goldman Sachs flagged months ago: not just a constrained Strait of Hormuz, but a simultaneous threat to the Red Sea exit that Saudi Arabia has used as its remaining seaborne outlet.

September 10, 2026September 10, 2026 Clark Savage31

Brent settled above $101 on Wednesday, September 9, and WTI followed through the $100 level on Thursday morning in a sharp rally. Physical benchmarks had already been there. Dated Brent has held above $100 since September 3. Murban, DME Oman, the OPEC basket, and the Indian basket were already trading over that threshold. Futures are […]

Category: Crude Oil

Middle East Escalation Meets China’s Return: Dual Chokepoints, Record Tanker Rates, and an Upward Spiral in Crude and Products

Diesel and Refining Capacity Set to be the Inflationary Impact The Fed Can’t Control

Chevron’s CEO Says The Oil Buffers Are Gone

What does this mean for the U.S. Diesel and Oil Markets?

U.S. Weekly Rig Report: WellDatabase, Baker Hughes, and Enverus Compared — Record Production Meets Middle East Supply Shock

Saudi Arabia East-West Oil Pipeline Pump Station May Be Hit by Houthis

Jeff Currie Sees ‘Extremely High’ Chance of $5 Gas by Midterms

EIA Raises 2027 U.S. Oil Output Forecast. What Does This Mean for U.S. Consumers and Investors?

OPEC’s Output Has Slumped to Lowest Since 1990

WTI has crossed $100 as the market begins to price the scenario Goldman Sachs flagged months ago: not just a constrained Strait of Hormuz, but a simultaneous threat to the Red Sea exit that Saudi Arabia has used as its remaining seaborne outlet.

About Energy News Beat

Recent Post

Middle East Escalation Meets China’s Return: Dual Chokepoints, Record Tanker Rates, and an Upward Spiral in Crude and Products

Russia Hits Odesa Again as Black Sea Shipping Disrupted

Quick Links