Energy News Beat We have been here 39 times before; maybe 40 will hold. In a significant development for global energy security, Pakistani Prime Minister Shehbaz Sharif announced today that a peace deal between the United States and Iran has been reached following intensive mediation efforts. The official signing ceremony is scheduled for Friday, June […]
Energy News Beat As of Sunday, June 14, 2026, the Middle East stands at a dangerous inflection point. Iran appears to be preparing for potential direct retaliation against Israel — including by restricting airspace in western regions and suspending flights to key western airports — following Israeli strikes on Hezbollah targets in Beirut’s Dahiyeh suburb. […]
Energy News Beat ENB Pub Note: This article is from David Blackmon’s Substack, and we highly recommend subscribing. Iran’s overreliance on the Strait of Hormuz as a geopolitical weapon is proving self-destructive. By threatening or disrupting this critical chokepoint – through which roughly 20 million barrels per day (bpd) of oil historically flowed – Iran […]
Energy News Beat Cushing, Oklahoma — the critical delivery hub for West Texas Intermediate (WTI) crude oil futures — is rapidly approaching operational limits as inventories continue their steep decline amid global supply disruptions. Latest EIA Data: Sharp and Sustained Drawdowns According to the U.S. Energy Information Administration (EIA), commercial crude oil stocks at Cushing […]
Energy News Beat Six U.S. states are implementing fuel tax adjustments effective primarily on July 1, 2026, even as national gasoline prices hover around $4.08–$4.11 per gallon amid ongoing energy inflation pressures and geopolitical uncertainties in global oil markets. These changes—ranging from inflation-linked increases to restructuring and temporary suspensions—aim to sustain transportation infrastructure funding but […]
