Refineries are BACK!

Daily Standup Top Stories ADNOC Moves Ahead With Huge LNG Export Project in UAE June 12, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the Ruwais LNG project, which will more than double the existing LNG production capacity in the United Arab Emirates. […] U.S. LNG […]

Continue Reading

Is the dollar here to stay?

Daily Standup Top Stories The Myth of the Inevitable Rise of a Petroyuan June 11, 2024 Stu Turley In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in […] Don’t Bet Against […]

Continue Reading

California War on Oil and Gas

Daily Standup Top Stories 5 things to know about the EU election results June 10, 2024 Mariel Alumit BRUSSELS — Europe’s conservatives are ecstatic. The European People’s Party (EPP) scored a clear victory in Sunday’s European Parliament election, tightening its grip on the chamber even as far-right groups made major gains across the […] Europe’s Shift from […]

Continue Reading

More Blackouts in TX?!

Daily Standup Top Stories New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer June 9, 2024 Stu Turley New Zealand was on Saturday night expected to revoke a ban on drilling for oil and gas amid fears of blackouts, as Labour plans to impose a similar crackdown on the North Sea. The country’s […]

Continue Reading

Shell CEO Talks Reasonable Politics?!

Daily Standup Top Stories Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax June 5, 2024 Mariel Alumit U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden administration’s Inflation Reduction Act, a release posted on Cruz’s website recently announced. Rigzone asked the Cruz camp what effect […] China […]

Continue Reading

Africa Energy Bank to Fun Oil and Gas

Daily Standup Top Stories Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower Facility June 4, 2024 Mariel Alumit Rye Development will receive $81 million in funding from the Department of Energy (DOE) to convert former coal mine land in Bell County, Kentucky, into a closed-loop, 287 MW pumped storage hydropower (PSH) […]

Continue Reading

Oil Prices DROP 4%

Daily Standup Top Stories U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC June 3, 2024 Mariel Alumit The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […] Saudi […]

Continue Reading

Larry Fink All In on AI

Daily Standup Top Stories Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power” June 1, 2024 Stu Turley At the start of April, we penned a lengthy report for premium subs discussing why artificial intelligence data centers, the electrification of the economy, and onshoring trends will result in a major upgrade of the nation’s […]

Continue Reading