Author: Erick Parel

Shell expects significant near-term LNG demand growth

Energy News Beat Shell released its 2025 energy security scenarios, reimagining its Archipelagos and Horizon scenarios in the context of a world using artificial intelligence. The company also added a third scenario, Surge, which explores the prospect of a new wave of economic growth driven by productivity improvements catalyzed by AI. In Archipelagos, technology development […]

Will Trump’s second term change the future of energy?

Energy News Beat President Trump’s return to the White House appears poised to throw a wrench into the U.S.’s energy transition — though not to stop it. Trump repeatedly pledged on the campaign trail to implement policies favorable to the fossil fuel industry and roll back incentives that have boosted the renewable energy sector in recent […]

Crude Oil Price Forecast: Crude Oil Reclaims $72.83, Targets Higher Resistance Levels

Energy News Beat Crude oil reclaimed the 50-Day MA at $72.83, signaling strength. Watch resistance between $74.60-$74.89 and potential support at $70.91. Crude oil further confirmed the recent swing low of $70.91 as support. On Tuesday, crude triggered a continuation of the rally from that low, reaching a new high of $73.99 for the bounce. Strength […]

Saudi Arabia’s Texas Refinery Just Made a Power Move

Energy News Beat While some U.S. refiners are scaling back, Saudi Arabia’s Motiva Enterprises just made a power move. The Saudi Aramco-owned refinery in Port Arthur, Texas, has quietly expanded its capacity, now processing a record 654,000 barrels per day—officially making it the largest refinery in the United States above Exxon’s Beaumont and Marathon’s Galveston […]

Here’s why Trump really wants to get his hands on Greenland and Canada

Energy News Beat What if the American president’s seemingly outlandish claims on serve a higher purpose? In a world caught between ecological limits and technological ambition, the revival of the long-dormant vision of the Technate suggests that America’s future may be shaped not by traditional geopolitics but by the pursuit of industrial autarky, resource control, […]

EU state’s leader asks Musk to reveal scale of USAID meddling

Energy News Beat [[{“value”:” Slovakia’s Robert Fico seeks full disclosure of US funding to organizations undermining his government Prime Minister Robert Fico has formally requested that Elon Musk, head of the US Department of Government Efficiency (DOGE), disclose detailed information about American grants allocated to Slovak non-governmental organizations (NGOs) and media outlets through Washington’s main […]

Power prices in Baltics nearly double after cut from Russian grid

Energy News Beat Lithuania, Latvia and Estonia recently disconnected from a transmission network that linked them to Russia and Belarus Electricity prices in the Baltic region have nearly doubled since Estonia, Latvia, and Lithuania disconnected from Russia’s electricity transmission grid last week, trading data from Nord Pool showed on Wednesday. The network that the three […]

Trump orders federal agencies to comply with Musk’s DOGE cuts

Energy News Beat The billionaire has blasted bureaucracy as an “unelected, unconstitutional fourth branch of government” President Donald Trump has signed an executive order mandating US federal agencies to implement workforce reductions and efficiency measures outlined by the Department of Government Efficiency (DOGE), led by Elon Musk. Signed on February 11, 2025, the order directs […]

IEA: India’s LNG imports set to more than double by 2030

Energy News Beat India’s natural gas demand is forecast to increase by nearly 60 percent by 2030, doubling the country’s need for liquefied natural gas (LNG) imports, according to a new report by the International Energy Agency. The report shows the country’s gas consumption is set to reach 103 billion cubic meters (bcm) annually by […]

Novatek’s 2024 profit climbs to $5.19 billion

Energy News Beat Novatek reported a profit attributable to shareholders of 493.5 billion roubles in 2024, a rise of 6.6 percent compared to 463 billion rubles in 2023. The company logged a net profit of about 463 billion roubles in 2023, while it did not publish its financial results in 2022. Novatek reported a profit attributable to shareholders […]