Category: Energy News Beat

Strait of Hormuz Update: Tensions Escalate as VP Vance Arrives in Switzerland Amid Iran’s Renewed Closure Claims and “Fees” System

Energy News Beat As U.S. Vice President JD Vance touched down in Switzerland on June 21, 2026, for high-level peace talks with Iranian officials, Iran’s Islamic Revolutionary Guard Corps (IRGC)-linked military command announced a renewed closure of the Strait of Hormuz. The move cites alleged Israeli violations of a fragile ceasefire in southern Lebanon and […]

At Last, An Energy Secretary Who Tells The Truth About Energy

Energy News Beat This article was first published on the Energy Absurdities Substack by David Blackmon. We highly recommend following and subscribing to his Substack. For years, Americans have been subjected to a steady drumbeat of energy scarcity narratives, peak oil hysteria, and politically motivated predictions that hydrocarbons were on the verge of running out. These […]

Iraq is joining other Gulf States and Countries in planning on life with a Closed Hormuz

Energy News Beat Iraq is rapidly expanding alternative oil export routes to reduce its heavy dependence on the Strait of Hormuz, aligning with long-standing strategies by Saudi Arabia and the United Arab Emirates. Even as some reports suggest potential easing of disruptions in the waterway, Baghdad is treating diversification as a permanent strategic priority rather […]

World Oil Outlook 2050 – OPEC’s WOO 2026: Robust Growth to 124 mb/d, No Peak in Sight

Energy News Beat OPEC released its 20th edition of the World Oil Outlook (WOO 2026) on June 18, 2026, delivering a comprehensive, data-driven assessment of global energy trends through 2050. The report projects continued strong growth in global oil demand, reaching 124.1 million barrels per day (mb/d) by mid-century — an increase of approximately 19 […]

Solar Claims to be the Cheapest Power In History, and States are Running from it

Energy News Beat There is a difference between Red and Blue States The headline from a June 19, 2026, OilPrice.com article captures a striking tension in U.S. energy policy: solar is repeatedly called “the cheapest power in human history” by sources like the IEA, yet multiple states—particularly blue ones—are dialing back aggressive renewable targets amid rising […]

The Strait of Hormuz is closed again — IRGC-linked military command cites Israel’s assaults on Lebanon as ceasefire violation

Energy News Beat In a dramatic escalation announced today, Iran’s top joint military command — the Khatam al-Anbiya Central Headquarters — declared the Strait of Hormuz closed to all vessel traffic. The move was framed as the “first step” in response to alleged breaches of a recent ceasefire/MOU agreement by the United States and Israel, […]

Energy News Beat Weekly Rig Report | June 20, 2026

Energy News Beat U.S. drilling activity remains resilient with modest gains reported in the latest industry-standard data, while Canada shows stronger momentum. Sources differ in methodology and absolute counts, highlighting the value of cross-referencing multiple providers. Here’s a comprehensive breakdown drawing from Baker Hughes (the longstanding industry benchmark), Enverus (daily GPS-based tracking), and the detailed […]

The Future of Commodities, LNG, and Trading – Joe Raia, Chief Commercial Officer, Abaxx Exchange

Energy News Beat Energy Security Starts at Home, and your energy dominance is displayed through your exports. Joe Raia, Chief Commercial Officer at Abaxx Exchange, had a fun interview as he stopped by to give us an update. As a commercial tanker captain who moved into commodities trading, he has the knowledge and background to […]

India Orders Major Strategic Oil Reserve Upgrade

Energy News Beat In a decisive move to strengthen its energy security amid recent global supply disruptions, the Indian government has directed state-owned Oil and Natural Gas Corporation (ONGC) to construct and fill a new underground strategic petroleum reserve (SPR) cavern at Mangaluru in Karnataka. The project, estimated at around $1.6 billion, will add 1.75 […]

Trump Now Seeks US Control Over Russia’s State-Owned Natural Resource Companies

Energy News Beat ENB Pub Note: This is an interesting article from Andrew Korybko’s Newsletter on Substack. Times are changing fast, and the trading blocs are in a full change mode.  Trump believes that it’s now possible to obtain the “holy grail” that eluded the US even during the heyday of its unipolar hegemony in […]