Wind and solar are key, but not in existing grid deployments. This article was first run on the Energy News Beat Substack. Global electricity generation is set for a massive expansion. According to OPEC’s World Oil Outlook (matching the chart data for 2025–2050), total generation rises from about 32,017 TWh in 2025 to roughly 59,500 […]
Saudi Arabia’s carefully constructed workaround for oil exports is hitting severe constraints on two fronts at once: kinetic threats from Yemen’s Houthis and commercial barriers from the London marine insurance market centered on Lloyd’s. The result is a growing bottleneck at the Red Sea that threatens a key remaining outlet for Saudi crude and products, […]
U.S. drilling activity showed mixed signals this week as different rig count providers reported divergent weekly moves against a backdrop of solid year-over-year gains. The latest WellDatabase US Rig Report (dated July 24, 2026) puts the active U.S. rig count at 575, up 1 from the prior week and up 47 from a year earlier. […]
Matador Resources Company (NYSE: MTDR) announced on July 23, 2026, a pair of strategic bolt-on acquisitions in the Delaware Basin totaling approximately $1.475–$1.48 billion. The larger deal involves the purchase of Paloma Permian LLC, an EnCap Investments portfolio company, for $1.275 billion in cash. A smaller complementary transaction with Ridge Runner Resources II LLC (also […]
This article first ran on The Energy News Beat Substack – Head over there to comment. The global oil market is once again being reshaped by simultaneous disruptions across multiple critical maritime and pipeline choke points. As of late July 2026, the Bab el-Mandeb Strait, Strait of Hormuz, Suez Canal routes, and Caspian-linked export corridors […]
Rey Trevino, Crude Truth Podcast Host and President at Pecos Operating, stops by. Oil is down this morning as this podcast was recorded yesterday. The world is not out of the woods yet, and we are going to see some volatility. Some are saying $200, but I think demand destruction and problems will kick in […]
On Wednesday, July 22, 2026, extreme Texas heat drove air-conditioning demand that pushed the Electric Reliability Council of Texas (ERCOT) grid past 91 gigawatts for the first time. Unofficial real-time figures from ERCOT’s website showed a peak around 91,300 megawatts near 5 p.m. CT, with system-wide demand data indicating highs near 91,089 MW. This shattered […]
A wildly fun podcast with Grace Vanderhei and Alina Voss. In this Energy Newsbeat podcast episode, host Stu Turley sits down with nuclear experts Grace Vanderhei (nuclear fuels engineer and former Miss America) and Alina Voss (NX Atomics) to explore the nuclear industry’s pivotal moment. As the U.S. restarts decommissioned reactors and deploys advanced reactor […]
A recent KPMG survey of 275 Canadian manufacturing firms paints a stark picture: 42% have already shifted some or all production to the United States or are actively planning to do so. Of those, 29% have made the move, while another 13% intend to follow — with 77% of the planners expecting the shift within […]
West Texas Intermediate crude hovered near $90 per barrel on July 23, 2026, with Brent trading higher in the mid-to-high $90s amid escalating disruptions across multiple global oil transit routes. Markets are reacting to simultaneous pressures on four critical choke points: the Bab el-Mandeb Strait, the Strait of Hormuz, the Suez Canal corridor, and the […]
