The International Energy Agency had earlier warned that US restrictions could disrupt global supply chains Global oil prices soared on Wednesday after the US announced a new sanctions package targeting the Russian oil sector. The rally has also been supported by a drawdown in US crude stockpiles. According to market data, Brent crude futures rose […]
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 […]
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Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year. The change estimated by the EIA compared with a modest draw of around 1 million barrels for the previous week, which also saw sizable builds in fuel inventories that dragged oil prices […]
Continue ReadingAlgorithmic trading resulted in significant losses for traders last year due to over-reliance on technical signals. Algorithmic traders have reduced the weight of oil in their portfolios by as much as half, from 4% in July last year to just 2% today. Fundamentals are back in the limelight as traders are focusing on supply trends. […]
Continue ReadingDaily Standup Top Stories Ukraine tried to sabotage Russian gas supply to Türkiye – Moscow January 13, 2025 Mariel Alumit A drone attack has been thwarted at a key compressor station, the Defense Ministry has said Ukraine has launched an unsuccessful drone attack on Russian energy infrastructure which delivers natural gas to Türkiye , […] Tougher […]
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Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […] Salt […]
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Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by \”a couple billion dollars,\” Chevron CEO Michael Wirth announced on Wednesday. America’s second largest oil and gas company expects to achieve these results thanks to the start of new or expanded oil production […]
Continue ReadingDaily Standup Top Stories Politics Biden bans new offshore oil and gas drilling in most U.S. coastal waters January 6, 2025 Mariel Alumit We talked about this on our Daily Stand Up (http://energynewsbeat.co/biden-eyes-drilling-ban/ and no less than 12 hour later it comes through – we already see prices going up…will be interesting to see how incoming […]
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Current Report Fourth Quarter | January 2, 2025 Oil and gas activity edges higher as outlooks brighten What’s New This Quarter Special questions this quarter focus on capital spending in 2025, the oil price firms use for budgeting, changes to 2025 investment plans since the last survey, permitting times on federal lands and plans for reducing […]
Continue ReadingDaily Standup Top Stories Trump expected to annihilate California’s ‘green mandates’ – the most radical in the world. December 17, 2024 Clark Savage ENB Pub Note: I have enjoyed reading Ronald Stine’s books and having several great interviews and conversations about energy. I highly recommend signing up for his newsletter and reading his books. He is […]
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