OPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, the equivalent of three monthly tranches from its previous plan to revive […]
Continue ReadingDaily Standup Top Stories After Only 15 Years Of Operation, Germany’s First Offshore Wind Farm Being Scrapped March 17, 2025 Stu Turley Germany’s Alpha Ventus offshore wind farm, in operation for 15 years, will be dismantled due to unprofitability after subsidies expired. The Alpha Ventus offshore wind farm near the German North Sea island of Borkum […]
Continue Reading
ENB Pub Note: While much of the markets are looking to the bearish side of the oil market, I am almost in the perma bull market looking to the $80 dollar, and Michael is leaning more to the lower side. We will be covering much of this in the next few weeks on the podcast. […]
Continue ReadingDaily Standup Top Stories PetroVietnam Gas seals long-term LNG supply deal for Nhon Trach power plants March 3, 2025 Mariel Alumit According to a PV Gas statement, the two units of state-owned PetroVietnam signed the LNG supply contract for Vietnam’s first two LNG power plants for 25 years. This move follows a contract signed by PV […] […]
Continue ReadingThe eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook. Taking into account the healthy market fundamentals and the positive […]
Continue ReadingWeekly Daily Standup Top Stories Pushback Begins Against Trump’s Oil Agenda February 9, 2025 Clark Savage West Texas Intermediate has been trading around $70 this week after posting two weeks of declines. The last time shale producers pursued a flat-out production strategy, crude prices tanked to the $40s. Cheap oil may […] Iran Says Trump’s Maximum Pressure […]
Continue ReadingDaily Standup Top Stories $300 Billion in Global Nuclear Energy Investment – is this in trouble because of DeepSeek February 8, 2025 Clark Savage ENB Pub Note: This is a fundamental question. Will DeepSeek lead to the cancellation of some nuclear power generation projects? What is the impact on the uranium market and the nuclear supply […]
Continue ReadingWest Texas Intermediate has been trading around $70 this week after posting two weeks of declines. The last time shale producers pursued a flat-out production strategy, crude prices tanked to the $40s. Cheap oil may turn out to be one promise Trump can’t keep—because it’s not entirely up to him. President Trump declared a national […]
Continue ReadingDaily Standup Top Stories What do oil and gas exports mean to the Russian economy? How will the new Biden Sanctions play with President Trump’s negotiations? January 12, 2025 Clark Savage ENB Pub Note: The following article is an excellent summary from Alexandra Prokopenko and Alexander Kolyandr about what the oil and gas exports mean to […]
Continue ReadingDaily Standup Top Stories Germany on course for longest post-war recession – data January 15, 2025 Mariel Alumit GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The German economy contracted for a second straight year in 2024 for the first time in more than […] The EU’s Trump-China […]
Continue Reading