Daily Standup Top Stories Who, How much, and what are coutries investing in the U.S. since President Trump took office? March 25, 2025 Clark Savage If you have any questions about how regulatory actions can kill an economy or investments, look at what is happening in the United States after President Trump took office. Confirmed Foreign […]
Continue ReadingCrude oil prices have risen to a three-week high due to a larger-than-expected drop in U.S. oil inventories reported by the American Petroleum Institute. President Trump’s threat of tariffs on countries importing Venezuelan crude has led to a slowdown in loadings at Venezuelan ports, further tightening the global supply. While sanctions are pushing prices up, […]
Continue ReadingChina, the biggest buyer of oil from Venezuela, saw trade with Venezuela stall on Tuesday after U.S. President Donald Trump threatened on Monday 25% tariffs on the goods of any country buying Venezuelan oil. Traders and refiners in China were caught off guard by Monday’s executive order and are waiting to see whether Beijing will have some […]
Continue ReadingIraq approved BP’s $25B contract to develop key Kirkuk oil fields. The Western megadeals may stabilize Iraq’s oil ambitions and play a role in softening Baghdad–Erbil tensions. The BP deal signals a potential resurgence of Western influence in Iraq’s energy sector. Iraq’s Council of Ministers last week approved the final version of BP’s US$25 billion+ […]
Continue ReadingDaily Standup Top Stories Coal Coal Baby March 24, 2025 Clark Savage ENB Pub Note: This article is from Robert Bryce and his Substack. We highly recommend subscribing and supporting his work. He has amazing points on Energy and today is no exception. The world needs low-cost […] British Oil Sector Hinges on Shell’s Future March 24, […]
Continue ReadingMette Frederiksen, head of research and insight at Tankers International, on the future of the VLCC trades. The VLCC market is changing significantly. While the global fleet continues to grow with the introduction of newbuilds, the ageing vessels in operation are losing efficiency, therefore slowing the actual growth of tonnage supply. Adding to this shift […]
Continue ReadingU.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent \”tens of thousands\” of people to the U.S. who have a \”very violent nature. Earlier this month, Chevron Corp. (NYSE:CVX) […]
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Shell is considering a potential delisting from the London Stock Exchange, which could have significant implications for BP\’s future. BP is facing investor pressure for strategic changes and may be open to a merger, with Shell being a potential acquirer due to its financial strength and market capitalization. BP\’s successful oil trading desk is a […]
Continue ReadingDaily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only one question that we will tackle on another day. Today, let’s look at the energy policies that countries force […] UK […]
Continue ReadingUK-based energy supermajor Shell has taken the final investment decision for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin offshore Brazil. The Gato do Mato consortium includes operator Shell with a 50% stake and its partners Ecopetrol and TotalEnergies which hold 30% and 20% stakes respectively. Pré-Sal Petróleo is […]
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