The Iran war has delivered the largest supply shock in energy-market history, with Gulf producers shutting in roughly 9 million barrels per day (bpd) of crude and related liquids. While a potential two-week ceasefire has sparked some price relief, analysts and the U.S. Energy Information Administration (EIA) agree that full market stabilization will take months […]
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ExxonMobil Corp. (XOM) disclosed on April 8, 2026, that the ongoing Iran war has knocked out approximately 6% of its global first-quarter production. The disruption stems from widespread paralysis in Persian Gulf energy infrastructure, including direct hits on facilities where Exxon holds stakes. While the volume loss is notable, sharply higher oil and LNG prices […]
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Oil, Global Markets, and LNG Scenarios in the 2026 Iran Conflict Energy News Beat Channel | April 7, 2026The Strait of Hormuz — the narrow waterway through which roughly 20% of global seaborne crude oil and 20% of liquefied natural gas (LNG) typically flow — remains effectively closed to commercial traffic as of April 7, […]
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Geopolitical shocks are piling up on global oil supply, and traders are bracing for another wild session when Asian markets open in the coming hours. With the Iran war now five weeks old and fresh Ukrainian drone strikes hammering Russian refining and export terminals over the past four months, the question on every energy desk […]
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As the Iran war enters its fifth week and the Strait of Hormuz remains effectively closed, Goldman Sachs has issued a stark warning in its April 2026 report titled “Are We Running Out of Oil?” The bank’s analysts, led by Yulia Zhestkova Grigsby, conclude that the world is indeed facing acute physical shortages of crude […]
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California didn’t just inherit sky-high fuel prices — state leaders engineered them through decades of policy choices that have now collided with a global energy shock. While the national average for regular gasoline hovers around $4.00–$4.06 per gallon (up sharply from ~$2.98 a month ago), Californians are paying $5.71–$5.89 for regular gas and a record […]
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In a striking display of energy resilience, QatarEnergy has achieved a major milestone in the United States just as its core operations in Qatar face unprecedented disruption. On March 30, 2026, the Golden Pass LNG export terminal in Sabine Pass, Texas— a joint venture between QatarEnergy (70%) and ExxonMobil (30%)—produced its first liquefied natural gas […]
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Energy News Beat Exclusive Analysis – Stu Turley Diesel prices are surging across key markets—and rising faster than gasoline or petrol in many places. As Sky News economics editor Ed Conway highlighted in his widely shared X post and video primer (posted March 31, 2026), this isn’t just another blip in the energy markets. It’s […]
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Brent crude prices surged from approximately $73 per barrel pre-crisis to peaks near $120 in just 10 days following the effective closure of the Strait of Hormuz on March 4, 2026. The International Energy Agency (IEA) has described this as the “largest supply disruption in the history of the global oil market,” with Gulf producers […]
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We have a new website rolling out this week, and I am showing off the new template. We also have 9 huge stories. When you have the IEA last week setting the stage for energy lockdowns, buckle up. I do not think many people are up to the lockdowns again. But I would take this […]
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