Energy News Beat In a sharp escalation of tensions in the Persian Gulf, two Indian-flagged vessels—one a VLCC supertanker carrying approximately 2 million barrels of Iraqi crude—were fired upon by Iranian Revolutionary Guard Corps (IRGC) gunboats in the Strait of Hormuz on April 18, 2026. The ships, identified as the Sanmar Herald and Jag Arnav, […]
Energy News Beat Jon Brewton, CEO of Data2, stopped by after meeting with the Department of Energy. Jon Brewton stopped by the Energy News Beat Podcast and let us know how his meetings with the Department of Energy went. This is extremely cool for the entire energy sector, as we are facing energy crunches, rising […]
Energy News Beat In every energy crisis, a clear pattern repeats: diesel prices climb faster and higher than gasoline. As of April 2026, with Middle East tensions disrupting tanker traffic through the Strait of Hormuz, the divergence is stark once again. Since the latest conflict intensified, U.S. national average gasoline prices have risen by roughly […]
Energy News Beat In a fluid and confusing situation that has maritime operators on edge, several tankers and cargo vessels executed abrupt U-turns in the Strait of Hormuz over the past 48 hours after Iran’s Islamic Revolutionary Guard Corps (IRGC) signaled a return to tight control of the waterway. While Iran’s foreign minister declared the […]
Energy News Beat Founded in 2017 by CEO Tim Latimer and CTO Dr. Jack Norbeck, Fervo Energy has quickly become the commercial frontrunner in next-generation geothermal development. The company has raised more than $1.5 billion in equity, debt, and grants from high-profile backers including Google, Breakthrough Energy Ventures (Bill Gates’ fund), B Capital, Devon Energy, […]
Energy News Beat As a record armada of crude oil tankers steams toward the U.S. Gulf Coast to load American barrels—171 vessels en route in April 2026, with 28 VLCCs already fixed for May loadings alone—another surge is unfolding downstream. U.S. crude cargoes transiting the Panama Canal are now exceeding 200,000 barrels per day (bpd) […]
Energy News Beat In a significant development for global energy markets, Iran announced today that the Strait of Hormuz is now “completely open” to commercial shipping for the remainder of the fragile ceasefire period tied to the Lebanon truce. The announcement, made by Iranian Foreign Minister Abbas Araghchi, comes amid ongoing U.S. naval restrictions on […]
Energy News Beat A record armada of crude oil tankers is steaming toward the U.S. Gulf Coast in April 2026. Maritime intelligence from Windward shows roughly 171 crude tankers en route—well above the typical monthly average of about 110. Market data firm Kpler reports that 28 Very Large Crude Carriers (VLCCs), each capable of hauling […]
Energy News Beat The global energy markets are in flux as of mid-April 2026, shaped by severe disruptions from the ongoing Middle East conflict (centered on Iran and the Strait of Hormuz). This has curtailed roughly 7–10 mb/d of crude, NGLs, and refined product exports in March–April, triggering sharp price spikes and inventory draws. Brent […]
Energy News Beat This is from the Doug Sheridan LinkedIn account. We highly recommend following and connecting with Doug Sheridan. The great Javier Blas writes in Bloomberg, over the years, liberals became increasingly hostile to fossil fuels as the evidence of climate change accumulated. From 2020 onward, the hostility turned into militant opposition, culminating with […]
