The Golden State\’s Fading Oil Legacy California, once a powerhouse in U.S. oil production, is watching its storied industry fade into history. From a peak of 760,000 barrels per day (b/d) in 2000, output has plummeted to just 250,000 b/d in 2025. This decline isn\’t just a matter of exhausted wells; it\’s the result of […]
Continue ReadingIn a stark illustration of the petrochemical industry\’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by Reuters and echoed across global energy outlets, marks a pivotal moment for the U.S. energy giant and underscores the seismic […]
Continue ReadingIn a significant escalation of the ongoing energy warfare between Ukraine and Russia, the Caspian Pipeline Consortium (CPC) has suspended oil loading operations at its Black Sea terminal in Novorossiysk following a Ukrainian naval drone attack. The incident, which occurred early on November 29, 2025, marks the latest in a series of targeted strikes on […]
Continue ReadingWeekly Daily Standup Top Stories Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron November 15, 2025 Clark Savage In a landscape where energy markets are grappling with uncertainties around oversupply and the push toward renewables, Chevron CEO Mike Wirth stands firm in his optimism for the oil and gas sector. Speaking […]
Continue ReadingThe world needs trillions of dollars just to meet normal decline curves, and we are tracking the oil and gas businesses\’ returns to investors as consistent compared to renewable energy sources. Consumers and investors want low-cost and reliable energy, and with leaders like Gavin Newsom representing the United States at COP30, we can rest assured […]
Continue ReadingIn a bold escalation of its campaign against Russian energy assets, Ukraine\’s military claimed responsibility for a drone strike on Rosneft\’s Ryazan oil refinery, one of Russia\’s largest facilities, on November 15, 2025. This attack is part of Kyiv\’s strategy to disrupt Moscow\’s oil revenues, which fund the ongoing war. The Ryazan refinery, located southeast […]
Continue ReadingIn a significant move for North America\’s energy landscape, Enbridge Inc. has announced the final investment decision on its Mainline Optimization Phase 1 (MLO1) project, greenlighting a $1.4 billion expansion to enhance the flow of Canadian crude oil to key U.S. refining markets. This update comes as Canadian oil production continues to climb, reaching a […]
Continue ReadingIn a dramatic escalation of the ongoing Russia-Ukraine conflict, Ukrainian forces launched a drone strike on Russia\’s key Black Sea port of Novorossiysk early on November 14, 2025, targeting vital energy infrastructure. This attack has sent shockwaves through global oil markets, pushing prices up by more than 2% amid fears of supply disruptions. As tensions […]
Continue ReadingIn a bold escalation of its campaign against Russia\’s energy infrastructure, Ukraine has claimed responsibility for a drone strike on the Saratov Oil Refinery in Russia\’s Volga region overnight on November 11, 2025. This marks the second attack on the facility this month, the fifth reported strike this fall, and the seventh overall in 2025. […]
Continue ReadingIn the ever-shifting landscape of global energy markets, headlines often paint a picture of dramatic pivots driven by geopolitics and sanctions. A recent article from OilPrice.com suggests that India is \”racing\” to swap out its hefty reliance on Russian crude for supplies from the United States, Iraq, and the UAE, spurred by fresh U.S. sanctions […]
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