Energy News Beat In the pursuit of a net-zero future, the United Kingdom has embarked on a path that reeks of hypocrisy: aggressively taxing its oil and gas sector while simultaneously relying on it to prop up the economy. The Labour government’s recent hikes to the Energy Profits Levy (EPL)—now at a staggering 78% headline […]
Energy News Beat This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But there is a bigger problem: the country is the undisputed leader in industrial electricity prices in the […]
Energy News Beat “Global LNG freight rates softened this week, with Spark30S (Atlantic) priced $34,350 per day and Spark25S (Pacific) at $33,500 per day,” Spark’s commercial analyst, Max Glen-Doepel, told LNG Prime on Friday. Last week, Spark30S (Atlantic) rates were $36,500 per day and Spark25S (Pacific) rates $35,000 per day. In Europe, the SparkNWE DES LNG […]
Energy News Beat In a bold move that could reshape the UK’s energy landscape, Conservative Party leader Kemi Badenoch has vowed to scrap net zero requirements for oil and gas extraction in the North Sea, prioritizing maximum fossil fuel production to boost economic growth and energy security. Speaking ahead of a planned address in Aberdeen, […]
Energy News Beat In the ongoing battle for America’s energy future, a shadowy network of dark money is empowering Democratic-aligned environmental groups to thwart President Donald Trump’s push for energy dominance. This web of funding, with deep ties to former President Barack Obama and prominent Democrats, is not just a national phenomenon—it’s infiltrating state-level policies […]
Energy News Beat In the first half of 2025, China has ramped up its coal power infrastructure at a pace not seen in nearly a decade, commissioning 21 gigawatts (GW) of new capacity amid ongoing efforts to balance energy security with its green transition goals. This surge comes as the nation continues to dominate global […]
Energy News Beat In a stunning reversal that underscores the pitfalls of California’s aggressive green energy agenda, the state’s plan to cap refiner profits—a measure signed into law by Governor Gavin Newsom in 2023—has been delayed by five years. This decision, set for a vote by the California Energy Commission, represents a major win for […]
Energy News Beat Weekly Daily Standup Top Stories What Does Powell’s Comments in Jackson Hole Mean to the Oil and Gas Markets and Investors? August 23, 2025 Clark Savage Federal Reserve Chair Jerome Powell’s annual address at the Jackson Hole Economic Symposium is always a pivotal moment for global markets, and his 2025 speech, delivered on […]
Energy News Beat ENB Pub Note: Sanctions don’t work as intended – That is a great line from Irina Slav, and the group of the UK, France, and Germany has lost its geopolitical might and influence. Becoming irrelevant is what happens when you deindustrialize based on Net Zero energy policies. Britain, France and Germany have […]
Energy News Beat EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 28 LNG vessels is 106 Bcf. This compares to 31 LNG vessels and 116 Bcf in the week ending August 20. According to data from S&P Global Commodity Insights, average natural gas deliveries to US […]
