New US sanctions have led to a significant reduction in Russian oil exports as traders halt offers. Indian refiners, including Bharat Petroleum, are struggling to secure Russian oil for March delivery. Standard Chartered predicts that the sanctions will remove more Russian barrels from the market and lead to higher oil prices. Middlemen who supply Russian […]
Continue ReadingAsian and European countries are increasing their imports of U.S. LNG and crude oil to avoid potential tariffs. Europe faces challenges due to the high price of U.S. energy compared to geographically closer alternatives. Trump\’s cancellation of the Biden \”pause\” on new LNG export capacity will boost U.S. energy supply. When President Donald Trump was […]
Continue ReadingCarnarvon Australian energy major Santos has put its plans for the A$3bn ($1.87bn) Dorado oil and gas project in Western Australia on hold. Santos, as the Dorado JV operator, has decided not to purchase the FPSO vessel that was identified as an option for the project’s first phase. The company also opted not to enter […]
Continue ReadingDaily Standup Top Stories Oil Prices Fall Ahead Of Trump Inauguration January 20, 2025 Mariel Alumit Oil prices fell as traders await clarity on President-elect Donald Trump’s policy agenda. Banks are gearing up for oil prices to fall below $60 a barrel by the middle of Trump’s term. Standard Chartered predicts […] UK Nuclear Power Ambitions Hampered […]
Continue ReadingENB Pub Note: There is more to this story than meets the eye. Renaming the Gulf of America, it has brought up a legal question about the Oil and Gas drilling bans by the Biden-Harris administration. Those bans were for the Gulf of Mexico, not the Gulf of America. – This will be fun to […]
Continue ReadingThe Big Three investment firms leveraged others’ money to impose radical climate goals, overriding self-government and free market principles. A recent House Judiciary Committee report details how America’s largest financial institutions, colluding with climate activists, imposed radical environmental policies on the American economy, subverting both our self-government and free markets. [emphasis, links added] It focuses […]
Continue ReadingOil prices fell as traders await clarity on President-elect Donald Trump\’s policy agenda. Banks are gearing up for oil prices to fall below $60 a barrel by the middle of Trump’s term. Standard Chartered predicts the dramatic slowdown in U.S. oil production growth witnessed in 2024 will continue over the next two years. Oil prices […]
Continue ReadingNoble Several Republican-led states have filed a lawsuit to challenge the offshore drilling ban recently imposed by outgoing US president Joe Biden. The lawsuit claims that Biden had no authority to impose the ban and that such a decision had to be made in the US Congress. It also demands a reversal of Biden’s decision […]
Continue ReadingDaily Standup Top Stories U.S. Shale’s Capital Discipline Outweighs Trump’s Pro-Growth Rhetoric January 19, 2025 Clark Savage US shale producers are focused on capital discipline and shareholder returns, limiting the impact of Trump’s pro-oil policies. Increased Permian rig activity is unlikely to significantly boost oil production due to inventory depletion and efficiency […] Days before Trump takes […]
Continue ReadingBrent up 1.3%, WTI adds 1.7% in the week Concerns about more supply disruptions as Trump returns to power Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal US oil rig count falls by two HOUSTON, Jan 17 (Reuters) – Oil prices settled lower on Friday but notched their fourth straight […]
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