Day: March 19, 2026

Secretary Scott Bessent is Restructuring the Oil and Gas Market

Energy News Beat What a wild day on the Energy News Beat Stand Up. We have a special guest, David Blackmon, Forbes, Daily Caller, and Substack Author, and we have a blast. Key points: “Secretary Scott Bessent: President Trump is talking about, and to be clear, he has focused on Karg Island since 1988, before the […]

QatarEnergy Declares Force Majeure on LNG Contracts to Italy, Belgium, South Korea, and China: Shockwaves for Global Markets and a Major Boost for U.S. LNG Producers

Energy News Beat In a dramatic escalation of the ongoing Middle East conflict, QatarEnergy — the world’s second-largest exporter of liquefied natural gas (LNG) — has confirmed it will likely invoke force majeure on long-term supply contracts with buyers in Italy, Belgium, South Korea, and China. The move stems from extensive damage to key production […]

Secretary Scott Bessent has levers he can still pull to keep oil prices stable for a few weeks – Key Points from his Interview on Fox

Energy News Beat As the U.S.-Israel conflict with Iran roils global energy markets and pushes benchmark crude above $100 per barrel at times, Treasury Secretary Scott Bessent is wielding sanctions policy like a supply-side tool. With the Strait of Hormuz under pressure and Iranian exports partially disrupted, Bessent has already pulled several levers — temporary […]

National Petroleum Reserve–Alaska Has New Bids Opened

Energy News Beat The Bureau of Land Management (BLM) opened bids yesterday for the first competitive oil and gas lease sale in the National Petroleum Reserve–Alaska (NPR-A) since 2019 — and the results are stunning. Industry submitted 430 bids on 187 tracts covering approximately 1.335 million acres out of the 5.5 million acres offered across […]