Author: Erick Parel

EU Buys 100% of Russian Arctic LNG Just 9 Months Before Planned Gas Ban

Energy News Beat In a stark display of policy versus practice, European Union buyers snapped up every single cargo of liquefied natural gas (LNG) from Russia’s Yamal LNG project in February 2026—the first time since April 2018 that all shipments headed straight to EU ports. This comes as the bloc ramps up rhetoric about energy […]

Why US Oil and Gas Exploration Companies Make the US Insulated from Energy Volatility

Energy News Beat In an era of geopolitical tensions, fluctuating global demand, and supply disruptions, the United States has emerged as a beacon of energy stability. This resilience stems largely from the robust domestic oil and gas sector, particularly exploration and production (E&P) companies. Over the past decade, these firms—along with oilfield service providers—have demonstrated […]

Oil Over $100: How Long Will It Last, and What’s in Transit?

Energy News Beat As oil prices surge past $100 per barrel amid escalating tensions in the Middle East, particularly the conflict involving Iran and disruptions in the Strait of Hormuz, the global energy market is facing unprecedented volatility. Brent crude briefly topped $110 in early March 2026, marking the first time in nearly four years […]

The Oil and Gas Markets are Changing for Peace and Supporting the US Dollar

Energy News Beat   In a rapidly evolving global energy landscape, recent U.S. actions in Venezuela, combined with broader monetary and diplomatic strategies, are reshaping oil and gas markets. These shifts aim not only to stabilize prices and bolster the U.S. dollar but also to foster peace by undermining adversarial networks that fund conflicts like […]

Iran Conflict Sets the LNG Markets on End: What Does This Mean for the Market, Investors, and Consumers?

Energy News Beat   The escalating conflict between the United States, Israel, and Iran, which erupted in late February 2026, has thrust global energy markets into turmoil. Iranian retaliatory strikes, including drone attacks on key energy infrastructure in the Gulf, have effectively shuttered the Strait of Hormuz—a vital chokepoint for approximately 20% of the world’s […]

Fire Engulfs Shahr-e Rey Oil Refinery in Southern Tehran: Israeli Strikes Target Iran’s Energy Infrastructure

Energy News Beat By Stuart Turley, Energy News Beat ChannelMarch 7, 2026 – In a dramatic escalation of the ongoing conflict in the Middle East, a massive fire has broken out at the Shahr-e Rey oil refinery, also known as the Tehran Oil Refinery, located approximately 15 kilometers south of central Tehran. Eyewitness videos and […]

The U.S. Merchant Marine Fleet Needs an Update

Energy News Beat In an era where energy security underpins national strength, the U.S. Merchant Marine Fleet stands as a critical yet underappreciated asset. Once a powerhouse of global trade, the fleet has dwindled, leaving America vulnerable in an increasingly contested maritime landscape. With only around 80 to 90 U.S.-flagged vessels engaged in international commerce, […]

Russia Following the Money: Shifting Gas and Oil Sales to Asia

Energy News Beat In the wake of escalating geopolitical tensions and a rapidly evolving global energy landscape, Russia is decisively pivoting its gas and oil exports eastward. This strategic shift, driven by lucrative opportunities in Asia amid disruptions from the ongoing Iran conflict, is reshaping international energy dynamics. As Deputy Prime Minister Alexander Novak recently […]

Iran-Linked Ships Transit as Others Wait for Insurance

Energy News Beat In the midst of escalating tensions in the Middle East, the Strait of Hormuz— a critical chokepoint for global energy supplies— remains largely impassable for most commercial vessels. As of March 7, 2026, only Iran-linked ships are braving the waters, while hundreds of others linger in limbo, awaiting resolution to a burgeoning […]

US Oil Rig Count UP as WTI Moves UP to $92.21

Energy News Beat In the latest weekly update from Baker Hughes, the US rig count has ticked higher, reaching 551 active rigs as of March 6, 2026. This marks a modest increase of 1 rig from the previous week’s count of 550, signaling a potential rebound amid surging West Texas Intermediate (WTI) crude prices. The […]