Green energy companies in wind, solar, and storage have shown a sharp split in recent results. A few pure-play or hybrid firms have turned profitable or posted strong growth, while many continue to struggle with execution, pricing pressure, subsidies dependence, and Chinese competition. Utilities have delivered consistent, regulated profitability with rising margins as they invest […]
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The United States has solidified its position as Europe’s top crude oil supplier. According to Eurostat data highlighted in a recent analysis by commodity markets observer Jack Prandelli, the US accounted for 18.8% of the EU’s petroleum oil imports by value in the second quarter of 2026. That marked a rise from 15.1% in 2025 […]
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Crude is not scarce. Diesel out of the Atlantic basin is — and the refineries that could make it are not where the barrels are, or configured to run them. American margins are near records while Asian margins have collapsed, and that gap is doing more to set the price at your pump than the […]
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Chevron is sharply increasing its exploration budget by roughly 50%, targeting more than $1.5 billion in 2026 compared with just under $1 billion in 2025. The move, driven by Vice President of Exploration Kevin McLachlan (recruited from TotalEnergies), marks a deliberate return to high-impact frontier basins after years of heavier focus on the U.S. Gulf […]
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Europe’s refinery rethink is real, smaller than the headlines, and exactly the argument California needs to hear. The state cut 21.5% of its refining capacity in seven years, 64% of the entire national decline, and now buys a fifth of its gasoline across a three-week ocean voyage with no pipeline to fall back on. By […]
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The war is in its ninth month and the United States has never taken Kharg. It did not have to: the blockade drove Iranian seaborne crude to zero with no American ground casualties, which is exactly what a seizure was supposed to deliver. The question worth asking is not whether America could hold the island. […]
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Downstream produced 49.7% of Chevron’s third-quarter earnings on 7.8% of its capital spending. The refineries ran at 98% of capacity to do it, and nobody will say what the maintenance bill is. By Energy News Beat | Oct. 30, 2026 | Chevron Q3 2026 earnings release, read Oct. 30, 2026; EIA monthly data through August […]
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ExxonMobil made $7.169 billion refining and $7.088 billion pumping oil in the third quarter, the first time in at least six years the refineries won, with its Gulf Coast crude units at 100%. What it costs to keep them there is the one number neither ExxonMobil nor Chevron will publish. By Energy News Beat | […]
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Brent topped $116 on claims Riyadh has not confirmed. A U.S. letter to Tehran and Qatari mediators point one way, a market bracing for post-election strikes points the other, and the bill lands at the diesel pump. By Energy News Beat | Oct. 30, 2026 | AAA read Oct. 30, 2026, morning CT; EIA data […]
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Prices are up 82% in a year. Washington has offered to lend out up to 315,000 barrels of emergency heating oil, and is pointing to a gas pipeline as the long-term fix. By Energy News Beat | Oct. 30, 2026 If you heat with oil in Maine, this week brought a number nobody wanted. The […]
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