Category: Energy News Beat

Oil Prices Ignore the Warnings of the Physical Markets. Refinery Crack Spreads Grow

Energy News Beat The paper oil markets continue to signal relative calm, with WTI futures hovering in the low-to-mid $80s per barrel range in late July 2026, even as the physical markets scream warnings of tightening supplies and stress. Futures traders appear focused on hopes of de-escalation, adaptability of flows, and potential diplomatic pauses. Yet […]

LNG Vessel Demand Soars as US Leads Project Growth, and Qatar is Offline

Energy News Beat Global demand for liquefied natural gas (LNG) carriers is set to be significantly stronger than previously expected over the next decade. French containment-system specialist Gaztransport & Technigaz SA (GTT) has raised its forecast for LNG carrier gas-containment system design orders to about 550 vessels in the 2026–2035 period, up from its earlier […]

Iraq Militias Attack Saudi Oil Facilities for a Second Day

Energy News Beat Iran-backed militias operating from Iraqi territory launched drone attacks targeting oil facilities in Saudi Arabia’s Eastern Province for the second consecutive day on Tuesday, July 28, 2026, according to Saudi authorities. The incidents add pressure on the kingdom’s energy infrastructure amid ongoing regional tensions and constraints on its crude oil export routes. […]

Why Do Californians Pay More At the Pump?

Energy News Beat ENB Pub Note: This article first ran at the Energy Institute at HAAS. We recommend reading their blogs.  Breaking down more than two decades of the state’s gasoline price premium. The war is back on, crude oil prices are back up, and the cost of gasoline has reversed its declines of a few […]

The Energy Balance Globally is Shaken, and Green Energy is Tripling Down, While Oil and Gas Are Unbalanced

Energy News Beat ENB Pub Note: This article was first published on the Energy News Beat Substack. Head over there to comment.  Tough times ahead, and countries are picking sides. The world’s energy system is under simultaneous assault from geopolitics and policy ideology. Critical oil and gas flows through maritime and pipeline chokepoints are disrupted […]

OPEC+ Plans Quota-Hikes Pause after September – But Does It Matter?

Energy News Beat OPEC+ is preparing to hit pause on its gradual oil production quota increases after a final bump in September 2026. According to delegates, the group plans to ratify a 188,000 barrels-per-day (bpd) hike for September at a virtual meeting on August 2, completing the current tier of increases, with no further hikes […]

Red Sea Tanker Traffic at Multi-Month Low as Insurance and Houthi Threats Are Real

Energy News Beat Tanker traffic through the Bab el-Mandeb Strait at the southern entrance to the Red Sea has slumped to a multi-month low, underscoring how Yemen’s Iran-aligned Houthi threats and recent attacks continue to disrupt one of the world’s most critical oil shipping lanes. According to vessel-tracking data, only 11 commodity-carrying vessels—including just seven […]

Asia-Bound Tanker Exits Red Sea Via Suez as Others Risk Strait

Energy News Beat An Asia-bound supertanker carrying Saudi crude has taken the longer, more expensive route out of the Red Sea through the Suez Canal rather than risk the Bab el-Mandeb Strait, even as other vessels—particularly those with Chinese links—continue to test the waterway amid Houthi threats and a declared blockade on Saudi-linked shipping. The […]

Leaked UK Grid Report Warns Net Zero Push Raises Blackout Risks

Energy News Beat A leaked report commissioned by the UK’s National Energy System Operator (Neso) has raised serious alarms that the country’s aggressive net zero transition is increasing the risk of blackouts while driving up electricity costs for consumers. Produced by energy consultancy Cornwall Insight and shared with The Times by a whistleblower, the document […]

Expand Energy Buys Twin Eagle to Gain Market Access in $1.25B Deal

Energy News Beat Expand Energy Corporation (NASDAQ: EXE), North America’s largest natural gas producer, announced on July 27, 2026, that it has agreed to acquire Twin Eagle Holdings, N.A., LLC, a leading private asset-backed natural gas marketing and optimization business, for $1.25 billion from Five Point Infrastructure. The deal, subject to customary adjustments, closing conditions, […]