Author: Erick Parel

Oil Over $100 and Rig Count Goes Up

Energy News Beat As of March 15, 2026, global oil markets are buzzing with Brent crude prices climbing to $103.82 per barrel, marking a significant milestone above the $100 threshold amid ongoing geopolitical tensions and supply disruptions in key regions like the Strait of Hormuz. Meanwhile, West Texas Intermediate (WTI) crude is hovering just below […]

If the Strait of Hormuz is Shipping Oil and Kharg Island is Still Operational, Are We Really in an Oil Crisis Yet?

Energy News Beat In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% […]

Where to find the cheapest gas in California as fuel prices continue excruciating climb

Energy News Beat ENB Pub Note: This article was from the New York Post, and it highlights the pain at the pump in California. California is the weak link in the Energy Dominance push from the Trump administration, and is now a full-on National Security issue with 6 of the 7 remaining refineries set to […]

Two Oil Tankers Seen at Kharg after U.S. Strikes, Satellite Firm Confirms

Energy News Beat By Stuart Turley, Energy News Beat In a development that underscores the resilience of Iran’s oil infrastructure amid escalating geopolitical tensions, satellite imagery has confirmed the presence of two oil tankers at Kharg Island, Iran’s primary oil export terminal in the Persian Gulf. This sighting comes just hours after U.S. precision strikes […]

Oil and Gas Markets are Upended and Recovery will be Months

Energy News Beat The ongoing conflict involving Iran has sent shockwaves through global energy markets, marking what experts describe as the largest oil supply disruption in history. With the Strait of Hormuz effectively closed to most commercial shipping since late February 2026, approximately 20 million barrels per day (mb/d) of oil and petroleum products—representing about […]

White House National Energy Dominance Council Announces Billions in Energy Projects in Tokyo

Energy News Beat   By Stuart Turley, Energy News Beat Channel. Tokyo, Japan – March 14, 2026 – In a landmark push for American energy dominance, the White House’s National Energy Dominance Council (NEDC) is spearheading the inaugural Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo. Co-hosted with Japan’s Ministry of Economy, Trade, and […]

Russia to Chase Asia Nat Gas and LNG Market, to Leave the EU in the Dark

Energy News Beat In a bold pivot amid escalating global energy tensions, Russian President Vladimir Putin has signaled a potential full-scale shift of Russia’s natural gas and liquefied natural gas (LNG) exports toward Asia, effectively threatening to cut off remaining supplies to Europe. This move, framed as a preemptive response to the European Union’s planned […]

U.S. Strikes Kharg Island: Trump’s Claim of Precision Targeting Amid Conflicting Damage Reports

Energy News Beat In a late-night post on Truth Social dated March 13, 2026, President Donald Trump announced that U.S. forces had conducted a major bombing raid on Iran’s Kharg Island, describing it as “one of the most powerful bombing raids in the History of the Middle East.” He emphasized that the strikes “totally obliterated […]

How Much Diesel, Gasoline, Jet Fuel, and Other Oil Products Are Actually Imported to California?

Energy News Beat As California’s push toward a zero-emissions future accelerates, the state’s petroleum refining sector is undergoing a dramatic transformation. With refinery closures already underway and more potentially on the horizon, California is increasingly dependent on imported refined products to meet its massive fuel demand. This shift raises critical questions about supply stability, price […]

Hedge Funds Turn Most Bullish on Oil Since 2020 Amid Iran War

Energy News Beat In the midst of escalating tensions in the Middle East, hedge funds have ramped up their bullish positions on oil to levels not seen since early 2020, betting on sustained supply disruptions from the ongoing U.S.-Israel conflict with Iran. As of late February 2026, just before the strikes intensified, money managers boosted […]