Category: Energy News Beat

European Heat Wave, and the EU leaders Shut off AC to Workers, but not themselves

Energy News Beat As much of Europe sweltered under a recent heatwave with record temperatures in parts of Belgium and surrounding countries, staff at the European Commission’s iconic Berlaymont headquarters in Brussels faced a stark reminder of hierarchy. On Friday, June 27, 2026 (or the relevant recent date matching reports), employees on floors 1 through […]

Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

Energy News Beat Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as […]

Debunking the Myth of Expensive Coal Plants: Energy Bad Boys Bring The Receipts

Energy News Beat Coal-fired power plants have long been portrayed as outdated, expensive burdens on the American grid — relics that must be retired to make way for “cheaper” renewables. But the data tells a very different story. Energy Bad Boys (analysts Mitch Rolling and Isaac Orr) have delivered the receipts with a rigorous analysis […]

Aalo-X Nuclear Approval is Huge and Oil and gas markets are in Flux

Energy News Beat 10 Huge stories on the Energy News Beat Stand Up Secretary Chris Wright is the Best Energy Secretary in the United States history, in my opinion, and today is a great example of that. His Department of Energy approval for the Aalo Atomics reactor start is huge for the United States. And […]

Nuclear is Back to the Center Stage in a Post-Hormuz World

Energy News Beat In a world rocked by geopolitical tensions around the Strait of Hormuz — a critical chokepoint for global oil supplies — and an explosive surge in electricity demand from AI data centers, nuclear power is experiencing a powerful resurgence. Reliable, low-carbon baseload energy is no longer a niche option; it is becoming […]

U.S. Weekly Rig Count Edges Up to 550 as Inventories Tighten at Cushing and SPR Draws Down

Energy News Beat The latest WellDatabase US Rig Report for June 26, 2026, shows the U.S. active rig count rising by 1 rig week-over-week to 550. This modest increase bucks a broader pattern of stability over the past year and comes against a backdrop of sharply tightening crude oil inventories—especially at the critical Cushing, Oklahoma […]

Jeff Currie: Oil Market in Surplus Today, But That Tells Us Nothing About Tomorrow

Energy News Beat In a sharp and timely appearance on CNBC’s Squawk Street today (June 26, 2026), veteran commodity strategist Jeff Currie delivered a clear-eyed assessment of the oil market’s current dynamics. While acknowledging a near-term surplus, Currie stressed that today’s conditions offer almost no guidance on what lies ahead. Currie, Senior Advisor at the […]

Aalo-X Gets the Approval to Turn On the Aalo-X Critical Test Reactor Secretary Chris Wright Signs the Critical Notice – A Landmark Milestone for U.S. Advanced Nuclear and AI Power

Energy News Beat In a powerful symbol of America’s accelerating nuclear renaissance, U.S. Secretary of Energy Chris Wright visited the Aalo-X campus next to Idaho National Laboratory (INL) on June 25, 2026, and signed the final authorization allowing Aalo Atomics to turn on its Aalo-X Critical Test Reactor (CTR). This marks the final regulatory step […]

Saudi Arabia Starts Loading Tankers at Ras Tanura’s Sea Port

Energy News Beat Saudi Aramco has resumed crude oil loadings at its flagship Ras Tanura terminal in the Persian Gulf after a nearly four-month halt, marking a key step toward restoring normal export flows from one of the world’s most important oil hubs. Satellite imagery captured on June 26, 2026, by the European Union’s Copernicus […]

Iraq Set to Accelerate Hormuz Bypass

Energy News Beat As tensions flare once again around the Strait of Hormuz—with recent incidents including a vessel struck off Oman’s coast and Iranian Revolutionary Guard warnings—Gulf oil producers are racing to secure alternative export routes. While the strait has historically carried nearly 20% of global seaborne oil trade, Iraq is moving decisively to reduce […]