Oil Prices EXPLODE - Where Are They Going Next?

Energy News Beat Podcast

Oil Prices EXPLODE - Where Are They Going Next?

June 16, 2025

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