About this episode
In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner break down the energy market chaos following Israel’s strike on Iran’s South Pars gas field, the potential closure of the Strait of Hormuz, and a major refinery fire in Texas. They cover rising oil and gas prices, the global shift back to hybrids as EV sales lag, and the political fallout from Trump ending California’s EV mandate. Plus, they dive into BP takeover rumors as ADNOC eyes its LNG assets, with big implications for global energy investors. Highlights of the Podcast 00:00 - Intro 01:42 - Israel Targets Iran’s South Pars Gas Field in Escalating Airstrikes, Iran Retaliates 03:52 - Is Closing the Strait of Hormuz the ‘Apocalyptic’ Scenario for the Oil Market? 08:26 - DAVID BLACKMON: Trump Ends Newsom’s Terrible Week By Killing His EV Mandate 11:07 - Automakers Pivot to Hybrids as EV Sales Lag Behind Expectations – Will the EV market bifurcate into Tesla vs. all the other hybrid manufacturers? 13:36 - Massive Fire at Marathon Oil Refinery in Texas City Sparks Supply Concerns and Consumer Impact 17:52 - Markets Update 19:38 - Rig Count Update 19:43 - Frac Count Update 20:31 - Energy News Beat: BP Takeover Speculation Ignites as ADNOC Eyes Gas Assets – Should BP Relocate to the U.S. Before Selling? 23:41 - Outro Please see the links below or articles that we discuss in the podcast. Israel Targets Iran’s South Pars Gas Field in Escalating Airstrikes, Iran Retaliates Is Closing the Strait of Hormuz the ‘Apocalyptic’ Scenario for the Oil Market? DAVID BLACKMON: Trump Ends Newsom’s Terrible Week By Killing His EV Mandate Automakers Pivot to Hybrids as EV Sales Lag Behind Expectations – Will the EV market bifurcate into Tesla vs. all the other hybrid manufacturers? Massive Fire at Marathon Oil Refinery in Texas City Sparks Supply Concerns and Consumer Impact Energy News Beat: BP Takeover Speculation Ignites as ADNOC Eyes Gas Assets – Should BP Relocate to the U.S. Before Selling? Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter ENB Top News Energy Dashboard ENB Podcast ENB Substack ENB Trading Desk Oil & Gas Investing – Get in Contact With The Show –