Energy News Beat In a landmark testimony before the Senate Appropriations Subcommittee and follow-up statements, U.S. Treasury Secretary Scott Bessent has outlined a bold new strategy: expanding permanent dollar swap facilities with Gulf and Asian allies to reinforce U.S. dollar dominance amid global energy shocks. This comes as the traditional petrodollar framework—anchored by a 50-year […]
Energy News Beat This is not a rumor—it’s confirmed today (April 28, 2026) via the state-run Emirates News Agency (WAM). The move ends nearly 60 years of membership in OPEC (a founding member) and marks the most significant fracture in the cartel in decades. The official rationale, per WAM and UAE Energy Ministry statements, is […]
Energy News Beat In a stark update released on April 26, 2026, Goldman Sachs has significantly raised its oil price forecasts, citing unprecedented supply disruptions in the Persian Gulf. The investment bank now expects Brent crude to average $90 per barrel and West Texas Intermediate (WTI) to hit $83 per barrel in Q4 2026—up sharply […]
Energy News Beat In the latest OilPrice.com analysis by Irina Slav (published April 27, 2026), warnings about permanent oil demand destruction are pouring in amid the ongoing Middle East conflict. These warnings align directly with a widely discussed X post from commodities trader @CRUDEOIL231 (April 28, 2026), which highlights exponential cumulative shut-ins in the Middle […]
Energy News Beat The Trump administration announced two new landmark agreements today with offshore wind developers Bluepoint Wind and Golden State Wind, marking the latest step in redirecting capital from subsidized, intermittent renewable projects toward reliable oil, natural gas, and LNG infrastructure. Under the deals, the companies will voluntarily relinquish federal offshore wind leases originally […]
Energy News Beat Satellite observations from the Payne Institute for Public Policy at the Colorado School of Mines reveal a notable divergence in upstream gas flaring trends across the Middle East in early 2026. While countries like Iraq, the UAE, Qatar, and Saudi Arabia showed sharp declines in flaring activity amid regional conflict, Iran registered […]
Energy News Beat ENB Pub Note: This article was first run on America Outloud by Ronald Stein, and we recommend signing up for his newsletter and reading America Outloud. Executive Orders in the United States are moving the country away from electric vehicles (EVs) and wind and solar electricity systems. Executive Orders issued by President […]
Energy News Beat In a major move to supercharge its long-term production and solidify its position in North America’s premier shale plays, oil giant Shell plc has agreed to acquire Canadian energy company ARC Resources Ltd. for a total enterprise value of approximately $16.4 billion. The all-cash-and-shares deal marks one of the largest energy transactions […]
Energy News Beat In a landmark transaction underscoring the surging investor appetite for U.S. power infrastructure amid booming electricity demand, Stonepeak Partners LP and Bernhard Capital Partners have reached a definitive agreement to acquire Cleco Group LLC from a consortium led by Macquarie Asset Management, along with Macquarie Asset Management (BCI) and Manulife Investment Management. The […]
Energy News Beat Ireland has taken another step toward deeper integration with its European neighbors’ electricity grids, signing memorandums of understanding (MoUs) with Spain and the UK to expand interconnection capacity. While officials frame these deals as advances in “energy security” and renewable integration, a closer look at the data reveals a different story: Ireland […]
