Unconfirmed Houthi strike claims on Saudi oil sites and a reported mine hit in Hormuz pushed Brent past $111. With diesel at $6.32, truckers, farmers and grocery shoppers carry the load, and U.S. barrels and refineries are the cushion. By Energy News Beat | Tuesday, Oct. 20, 2026 | Pump prices as of 7:19 a.m. […]
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ExxonMobil’s preliminary third-quarter update has put refining front and center for investors. Higher refining margins are expected to add roughly $4.5 billion to downstream earnings compared with the second quarter—on top of the $4.1 billion the company already generated from refining in Q2. That surge comes even as upstream earnings face an estimated $1.3 billion […]
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The September 2026 Consumer Price Index delivered a clear message: energy prices—especially gasoline and diesel—drove the latest inflation jump. Headline CPI rose 0.6% month-over-month and accelerated to 3.7% year-over-year, up from 3.4% in August, according to the Bureau of Labor Statistics.Bls Gasoline prices surged 9.1% in a single month and accounted for more than half […]
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Houston-based Occidental Petroleum (NYSE: OXY) delivered its customary pre-earnings operational and realizations snapshot on October 13, 2026, via an 8-K filing of “Third Quarter 2026 Earnings Considerations.” As Reese Energy Consulting noted in a LinkedIn post the same day, it functions as the trailer before the full movie—the formal Q3 results scheduled for after-market close […]
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Heating oil opened the season at $6.04 a gallon, a record in EIA’s weekly data and 70% above last fall. The government expects oil-heated homes to spend 21% more this winter; the state energy-aid directors say closer to 50%. What is driving it, who gets hit hardest, where to find help, and what could still […]
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Treasury Secretary Scott Bessent used a Monday appearance on CNBC’s Squawk Box to lay out the working-level results of weekend talks with Chinese Vice Premier He Lifeng — talks he described as a direct extension of the personal relationship between President Donald Trump and President Xi Jinping. Those discussions, held in New York the day […]
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Energy News Beat — President Donald Trump and President Xi Jinping meet in Washington on Thursday, September 24. The agenda is broader than energy. For the U.S. LNG industry, the meeting is still one of the most important political events of the year. China is the world’s largest LNG importer. The United States is the […]
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On September 16, 2026, the Federal Reserve raised the federal funds target range by 25 basis points to 3.75–4.00 percent, its first hike since July 2023. The decision was unanimous. Chair Kevin Warsh and the FOMC cited elevated inflation and said the move would support a “timelier return” to the 2 percent goal. Economic activity […]
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Energy News Beat Channel — September 11, 2026 Hector Acevedo put the industry’s new map on the table this week: AI did not just raise electricity demand. It collapsed the old division of labor. Utilities no longer have a monopoly on electrons. Oil and gas companies no longer stop at molecules. Hyperscalers no longer wait […]
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The New York Stock Exchange is losing its first major operating-company listings to Dallas’s new Texas Stock Exchange. Energy Transfer LP and fuel distributor Sunoco LP — along with affiliates SunocoCorp LLC and USA Compression Partners LP — will leave the NYSE after the close on October 2, 2026, and begin trading on TXSE on […]
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