ExxonMobil Signals Soaring Refining Earnings as Downstream Boom Offsets Upstream Pressure

ExxonMobil’s preliminary third-quarter update has put refining front and center for investors. Higher refining margins are expected to add roughly $4.5 billion to downstream earnings compared with the second quarter—on top of the $4.1 billion the company already generated from refining in Q2. That surge comes even as upstream earnings face an estimated $1.3 billion […]

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Morgan Stanley Leads Fundraise for $4 Billion Texas Refinery Project as America First Refining Advances Brownsville Plans

Morgan Stanley is leading an equity and debt fundraising for America First Refining’s planned $4 billion oil refinery at the Port of Brownsville, Texas—the first major new U.S. oil refinery in roughly half a century—according to the company. Chief Commercial Officer Tom Ramsey said at a Crude Oil Quality Association conference in Galveston on October […]

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The Microreactor Revolution: How Hadron Energy is Solving America’s Power Crisis

In this episode of the Energy News Beat Podcast, host Stu Turley sits down with Samuel Gibson, CEO and founder of Hadron Energy, to discuss a breakthrough solution to America’s urgent energy crisis. As data centers demand unprecedented power and the electrical grid strains under intermittent renewables, Hadron is developing a game-changing 10-megawatt microreactor designed […]

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Iran IRGC Claims Third Tanker Hit in Two Days in Strait of Hormuz: Impacts on Consumers, Tanker Markets, and Investors

Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday, October 12–13, 2026, that it struck a third “violating” or “offending” supertanker in the Strait of Hormuz within roughly 48 hours, sparking an onboard fire. The IRGC stated the vessel had switched off its navigation systems, ignored warnings, and attempted to exit via an unauthorized […]

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Trump Weighs Joining Saudi Campaign Against Houthis After Deadly Riyadh Airport Attack; Kingdom Targets 10 Million BPD Pipeline Capacity

Newly released footage shows the moment a Houthi strike hit King Khalid International Airport in Riyadh on Saturday, October 10, 2026, in an attack that killed at least 13 people and wounded more than 300—the deadliest assault on Saudi soil in more than a decade. The escalation has prompted U.S. President Donald Trump to state […]

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