In a move highlighting the vulnerabilities in the U.S. oil supply chain, ExxonMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address quality issues with Mars crude, a key Gulf of America oil grade. This borrowing aims to prevent potential disruptions at the company\’s […]
Continue ReadingWith President Trump giving President Putin 50 days to come to the negotiation table, there are some real problems with his 100% tariff threats on countries buying Russian oil. And that is, Sanctions don\’t work as intended, as stated by Irina Slav, an International energy writer and friend of the Energy News Beat Podcast. Secondly, […]
Continue ReadingIn the high-stakes world of global energy, Saudi Aramco finds itself trapped in a precarious position under the oil price policies of U.S. President Donald Trump. Trump\’s administration has long advocated for a tightly controlled oil price range that benefits American interests but squeezes the profitability of major producers like Aramco. As oil prices hover […]
Continue ReadingSouth America is emerging as the epicenter of a new oil boom, with Brazil, Guyana, and Argentina leading the charge. As global oil majors like ExxonMobil, Chevron, and others pivot to these resource-rich nations, their low-cost, low-emission production opportunities are reshaping drilling programs and offering significant implications for investors and corporate balance sheets. Drawing from […]
Continue ReadingDaily Standup Top Stories Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications July 8, 2025 Clark Savage The global energy landscape is witnessing a resurgence in oil and gas production, with major players like Shell and TotalEnergies leading the charge in Nigeria, Africa’s top oil producer. According to […]
Continue ReadingIn a bold move signaling a strategic pivot, UK oil supermajors BP and Shell have inked new deals with Libya’s National Oil Corporation (NOC) to explore and develop oil and gas fields, marking a significant return to the North African nation after years of instability. This development, reported by OilPrice.com, underscores a broader trend: major […]
Continue ReadingOn July 7, 2025, U.S. energy giants ExxonMobil and Chevron, alongside Indonesia’s state-owned energy firm Pertamina and other companies, signed a monumental $34 billion memorandum of understanding (MoU) for commodity purchases and investments. This landmark agreement, reported by OilPrice.com, marks a strategic move to bolster U.S.-Indonesia trade relations, avoid steep tariffs, and reshape the global […]
Continue ReadingWeekly Daily Standup Top Stories Big Beautiful Bill May Still Yet End the Green New Deal June 29, 2025 Clark Savage Senate Republicans have taken a significant step toward passing President Donald Trump’s sweeping legislative package, dubbed the “One Big Beautiful Bill Act,” with a narrow 51-49 procedural vote on June 28, 2025. This $4.5 trillion […] […]
Continue ReadingDaily Standup Top Stories Clean Energy Gutted in Last-Minute Rewrite of Trump’s $1.2T Senate Tax Bill June 30, 2025 Clark Savage In a stunning turn of events, Senate Republicans have delivered a seismic blow to the clean energy sector with sweeping last-minute revisions to President Donald Trump’s $1.2-trillion “One Big, Beautiful Bill.” The amendments, inserted just […] […]
Continue ReadingWeekly Daily Standup Top Stories What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Will Iran retaliate after the U.S. strikes on their nuclear program? Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels June 22, 2025 Clark Savage The global energy landscape […]
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