Author: Erick Parel

While Pakistan Says US-Iran Deal Close, Huge Problems Lurk in the Shadows

Energy News Beat Optimism is surging in diplomatic circles. Pakistan’s Prime Minister Shehbaz Sharif announced that the United States and Iran have reached a “final, agreed upon text” for a deal aimed at ending their conflict in the Middle East. Mediators, with Pakistan in the lead, are now working on next steps. Sharif declared on […]

ExxonMobil and Chevron book $7.6 billion combined profit from Guyana in 2025 — what energy investors need to know

Energy News Beat Guyana’s offshore Stabroek block continues to deliver exceptional results for two of the world’s largest energy companies. In 2025, ExxonMobil reported approximately $4.67 billion in profit from its Guyana operations, while Chevron (through its acquisition of Hess) reported $2.89 billion. The combined $7.56 billion underscores the block’s status as one of the […]

U.S. Weekly Rig Count Rises Sharply to 557 as Oil Activity Strengthens in Core Basins

Energy News Beat The latest U.S. Rig Report from WellDatabase, dated June 12, 2026, shows the total active U.S. rig count at 557 — up 15 rigs week-over-week and +2 year-over-year. This marks a meaningful rebound after a period of relative stability.energynewsbeat.co The increase was driven primarily by oil-directed drilling, with gains concentrated in the […]

U.S. Becomes the World’s Top Exporter and Producer of Oil and Gas

Energy News Beat In a landmark development for global energy markets, the United States has officially become the world’s number one exporter of oil (crude + refined products) and maintains its long-standing position as the top producer of both oil and natural gas. This shift, reported in early June 2026, marks a dramatic reversal from […]

Fuel and Food California’s Crossroads – Regulatory over reach hits home hard.

Energy News Beat Energy Policies Impact Agriculture and Consumers Hard This was a fun discussion about the serious issue of gasoline, diesel, and fertilizer price increases for farmers, ranchers, and consumers in California. Make no mistake, the actions taken by the Newsom administration have driven consumer prices to some of the highest in the United […]

Ohio Business Lobby Pushes Eminent Domain Reforms That Critics Say Could Enable Faster Land Takings for Data Center Infrastructure on Farmland — Raising Serious Property Rights Concerns

Energy News Beat Ohio farmers and property rights advocates are sounding the alarm over a recommendation from the powerful Ohio Business Roundtable (OBRT) to reform the state’s eminent domain laws. The proposal would allow faster “possession” and construction on private land for energy infrastructure projects once a court establishes public use and necessity — even […]

We will stop the Bombing When you sign the Deal – or until my next mean Tweet – Energy News Beat Stand Up

Energy News Beat Special Guest David Blackmon on the Energy News Beat Stand Up. What a day on the EnergyNews Beat News Desk, we have 10 big stories for you, and as we were filming this, President Trump calls off the plans – wow, changed everything. David Blackmon’s Energy Additions Stops by the Energy News Beat Stand […]

Oil Prices Slide as Traders Bet on Diplomacy: When Will Paper Trading Meet Physical Delivery Prices?

Energy News Beat Oil markets are experiencing sharp volatility as traders price in hopes of de-escalation between the United States and Iran. July WTI crude futures plunged $4.32 (4.79%) to settle near $85.93 on June 11, 2026, after trading as high as $95.47 earlier in the week. As of June 12, WTI futures hovered around […]

Guyana’s Oil Boom Gets a Major Boost From Higher Oil Price. And not being in a choke point helps

Energy News Beat As global oil prices remain elevated amid geopolitical tensions — including recent spikes tied to Middle East conflicts and risks around the Strait of Hormuz — Guyana’s offshore oil sector is surging ahead. This tiny nation (population under 1 million) is delivering one of the world’s most remarkable energy success stories, proving […]

JP Morgan Sends Updated Warning on Strait of Hormuz Risks and Oil Price Spikes

Energy News Beat The global oil market remains on edge as the Strait of Hormuz — the world’s most critical oil chokepoint — stays effectively paralyzed amid the ongoing U.S.-Iran conflict that began in late February 2026. JP Morgan has issued a fresh, more urgent update, warning that the situation could drive Brent crude sharply […]