Day: June 30, 2026

Enverus acquires PDS exchange assets, expanding its operating network across U.S. energy markets

Energy News Beat Transaction adds Frac Interference Exchange, Well Data Exchange, Production Data Exchange and AquaTrade, extending Enverus’ secure exchange network across completions, well data, production and water logistics AUSTIN, Texas (June 30, 2026) — Enverus today announced the acquisition of four exchange platforms from PDS Energy Information: the Frac Interference Exchange, Well Data Exchange, Production Data […]

Carney Concedes Canada Will Overshoot Emissions Forecasts

Energy News Beat Prime Minister Mark Carney has delivered his clearest admission yet that Canada’s near-term climate targets are out of reach. In a June 30, 2026, video statement, Carney stated that “Canada’s emissions will be higher in the coming years than previously projected,” directly conceding that the country will overshoot earlier forecasts while refusing […]

No Brent Crude Oil Cargoes Set to Load in August: Milestone for the Global Price Benchmark

Energy News Beat In a historic first for the world’s most important oil price benchmark, no cargoes of North Sea Brent crude oil are scheduled to load in August 2026. This development, driven by steadily declining production from mature fields, marks a symbolic turning point for the Dated Brent complex—even as the benchmark itself remains […]

Natural Gas and Peak Oil – Doomberg

Energy News Beat In a timely new analysis published today, Doomberg challenges conventional peak oil narratives with a provocative twist: it’s “Peak ‘Not Oil.’” The piece highlights how surging U.S. natural gas liquids (NGLs) — particularly propane and butane — are delivering a “tsunami of new supply” that the global economy is rapidly adapting to, […]

2027 Will Be Different: Oil, AI, and the Coming Paradigm Shift

Energy News Beat Paul Auslander, President, CFP, Stops by the Energy News Beat Podcast, and we have a blast covering energy and finance. Connect with Paul on his LinkedIn here: https://www.linkedin.com/in/paulauslander/ 1. Stock Market Performance & Economic Outlook Paul Auslander discusses why the stock market continues to rise despite global turmoil. Key points include: Strong […]

Europe’s Industrial Death Spiral due to Net Zero Energy may not be recoverable

Energy News Beat Europe’s once-mighty industrial engine is sputtering, and Germany—the continent’s manufacturing powerhouse—is at the epicenter of a deepening crisis. High energy costs driven by aggressive Net Zero policies, renewable intermittency, heavy regulations, and carbon pricing are accelerating deindustrialization. Major firms are slashing jobs, closing plants, and relocating production to the United States and […]

Offshore Wind is Dying in the US to be replaced by Nat Gas and Nuclear

Energy News Beat The latest development in America’s shifting energy landscape came on June 29, 2026, when the U.S. Department of the Interior (DOI) announced a settlement with Duke Energy. The utility will voluntarily terminate its $129 million Carolina Long Bay offshore wind lease and reinvest that capital into new natural gas generation, nuclear power, […]

Europe is at its lowest gas storage in 15 years

Energy News Beat This risks a tight winter as the injection season winds down, with inventories projected to be just 76% full by late October. According to a Financial Times report citing industry analysis (primarily Wood Mackenzie), Europe faces the prospect of entering the 2026/27 heating season with its lowest natural gas storage levels in at […]

Oil Shipments Easing as Asian Refiners Redirect Middle East Crude

Energy News Beat As the Strait of Hormuz reopens following the mid-June U.S.-Iran ceasefire and sanctions waiver on Iranian oil sales (valid until August 21, 2026), Middle East crude flows are recovering, and tanker traffic is picking up. However, a key market twist has emerged: Asian refiners, who aggressively sourced non-Middle Eastern crude during the […]