Katy Grimes, Editor in Chief of the California Globe, and Mike Umbro stop by the ENB Podcast. This podcast rolled around because Katy Grimes, the Editor in Chief of the California Globe, wrote a brilliant story, “Has California’s Oil and Gas Industry Hit the Point of No Return?” and in that story, she is pointing out […]
Continue ReadingThe 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 ReadingENB Pub Note: This is a fantastic article from Giacomo Prandelli, and Stu Turley will be interviewing him next week on the Energy News Beat podcast. This is going to be a great interview, as The Merchant News Substack is packed with fantastic insights from the global energy markets. On a quiet morning off the […]
Continue ReadingIn the volatile world of energy markets, where geopolitical tensions and supply chain dynamics can swing prices overnight, the latest data from the U.S. Energy Information Administration (EIA) offers a mixed bag for oil investors. U.S. crude oil inventories have ticked upward in recent weeks, signaling a slight easing of supply tightness—but they\’re still lagging […]
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 ReadingMichael Tanner and Stu Turley cover several significant developments in the energy industry. First, they discuss New York’s new “Cap and Invest” program, which will ration and tax fossil fuels. We do not see this as being ineffective and costly for consumers. This will do nothing but drive more people out of New York and […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, host Stu Turley sits down with Nathan Lord, President of Shale Crescent USA, to unpack why Ohio, West Virginia, and Pennsylvania may be the world’s most overlooked manufacturing and energy powerhouse. Nathan explains how the region’s abundant, low-cost natural gas creates a world-class advantage for petrochemicals, […]
Continue ReadingIn a significant development for the global energy sector, U.S. oil giant ExxonMobil has expressed interest in acquiring Russian firm Lukoil\’s majority stake in one of Iraq\’s premier oilfields. This move comes amid escalating U.S. sanctions on Russian entities, which have forced Lukoil to declare force majeure and seek an exit from its Iraqi operations. […]
Continue ReadingIn a world of geopolitical volatility, the oil market remains a barometer for global tensions. As we approach the end of 2025, two hypothetical scenarios loom large: a complete shutdown of Venezuela\’s oil production amid escalating U.S. pressures, and a peace deal in Ukraine that could lead to the lifting of sanctions on Russian oil, […]
Continue ReadingAs the world watches the evolving dynamics of the Ukraine-Russia conflict, the energy sector remains on high alert. With the current date being November 28, 2025, recent developments suggest a potential path toward peace, including a proposed 19-point plan from the Trump administration that favors Ukraine by avoiding territorial concessions in Donbas and offering U.S.-style […]
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