In the ever-volatile world of energy markets, the latest data from the U.S. Energy Information Administration (EIA) has sent ripples through the industry. For the week ending August 15, 2025, U.S. crude oil inventories experienced a significant drawdown, dropping by 6.01 million barrels—far exceeding market expectations of a modest 0.85 million barrel decline. This brought […]
Continue ReadingIn a significant blow to the UK\’s domestic energy production, French energy giant TotalEnergies has secured a High Court victory allowing it to decommission the Gryphon floating production, storage, and offloading (FPSO) vessel in the North Sea. The ruling, handed down on August 12, 2025, paves the way for the shutdown of a key hub […]
Continue ReadingDaily Standup Top Stories How The Union Pacific-Norfolk Southern Deal Would Boost Petrochemicals August 6, 2025 Clark Savage In a landmark move poised to reshape America’s freight rail landscape, Union Pacific (UP) and Norfolk Southern (NS) announced a proposed $85 billion merger on July 29, 2025. This deal, if approved by regulators, would […] Pakistan Strikes U.S. […]
Continue ReadingWelcome back to the Energy News Beat Channel, where we break down the latest developments shaking up the global oil markets. Today, we\’re diving into the U.S. Energy Information Administration\’s (EIA) Weekly Petroleum Status Report, released on August 6, 2025, for the week ending August 1. The headline? U.S. crude oil inventories shrank by a […]
Continue ReadingThe U.S. Department of Energy (DOE) has delayed plans to replenish the Strategic Petroleum Reserve (SPR) by seven months, pushing back significant repurchasing efforts to mid-2025. This setback, driven by rising oil prices and budgetary constraints, raises concerns about the nation’s energy security at a time of global market volatility. Below, we explore the reasons […]
Continue ReadingDaily Standup Top Stories Saudi Arabia Spends Like Oil’s Still at $90 May 12, 2025 Clark Savage ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […] Republicans Push to Refill […]
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Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […] Salt […]
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Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories but both gasoline and diesel stocks remain below the five-year average. The crude inventory draw compared with another modest of 1.2 million […]
Continue ReadingDaily Standup Top Stories Job One for Doug Burgum at Interior – David Blackmon December 11, 2024 Clark Savage Anticipating a potential Donald Trump win over first Joe Biden and then Kamala Harris in the presidential race, officials and bureaucrats have spent the last 12 months pushing out as many new regulations as they […] Oil Wobbles […]
Continue ReadingDaily Standup Top Stories China Targets Critical Metals in Tit-for-Tat Response to US December 3, 2024 Clark Savage Beijing bans exports of germanium, gallium to American market Move is a swift reply to Biden’s escalation of tech curbs China announced an outright ban on exports of several materials with high-tech and […] OPEC+ Is Firming […]
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