I have been discussing this for months on the Energy News Beat Podcast, and the secondary sanctions on China and India\’s refineries would undoubtedly cause havoc in the global and U.S. markets. The U.S. Dollar is the prize, and President Trump knows this. What he does not understand is that President Putin has survived all […]
Continue ReadingThe Organization of the Petroleum Exporting Countries and its allies (OPEC+), which collectively produce about 48% of global oil, have begun unwinding a series of voluntary output cuts implemented since 2022. This strategic shift, led by key members like Saudi Arabia and Russia, aims to reclaim market share, address non-compliance among members, and challenge high-cost […]
Continue ReadingWeekly Daily Standup Top Stories Where Are Oil Prices Headed in 2025 and Beyond? Goldman Sachs’ Bearish Outlook Meets Rising Demand Well economics matters May 27, 2025 Clark Savage Source: The Crude Truth Substack Oil well economics matters at all times, but it has now become the difference between profitability and incurring a loss. Goldman Sachs […]
Continue ReadingA U.S. trade court ruled President Trump exceeded his authority by imposing tariffs, reinforcing congressional control over trade. Oil prices rose over 1% as traders welcomed the ruling and bullish signals from demand forecasts countering glut concerns. Analysts remain cautious due to expected OPEC+ supply increases and the limited impact of new U.S. sanctions on […]
Continue ReadingDaily Standup Top Stories Trump Administration Fast-Tracks Utah Uranium Mine, Signals Robust Push for Critical Minerals May 27, 2025 Clark Savage Today, I had the privilege of visiting with Robert Bryce, (David Blackmon) Energy Transition Absurdities, and Douglas C. Sandridge about President Trump’s executive orders on nuclear energy. That podcast transcript and video will be published on Friday. We covered the great […] […]
Continue ReadingSource: The Crude Truth Substack Oil well economics matters at all times, but it has now become the difference between profitability and incurring a loss. Goldman Sachs has doubled down on its bearish oil price forecast through 2026, projecting Brent crude at $56 per barrel and West Texas Intermediate (WTI) at $52 by next year, […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump’s ‘Big, Beautiful Bill’ Smashes Biden’s Signature Climate Law Into Pieces May 26, 2025 Clark Savage ENB Pub Note: This is an outstanding article from David Blackmon on the Daily Caller, and Michael and I will cover this on tommorow’s Energy News Beat Daily Standup. We highly recommend checking out […]
Continue ReadingPresident Trump has had people advising him on the Russia/Ukraine war who do not have all of the critical information. I have covered this in many podcasts with George McMillan, and you can check out his information here as an Energy News Beat contributor. But today, as President Trump has a huge dilemma facing him. Does he […]
Continue ReadingThe Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have released their latest strategy, accelerating oil output hikes in a move that’s raising eyebrows across the U.S. shale patch. With oil prices dipping and production costs rising, some analysts and industry voices suggest OPEC is targeting U.S. shale oil […]
Continue ReadingWeekly Daily Standup Top Stories Britain’s Plan to Retrain Oil and Gas Workers for Clean Energy Jobs May 18, 2025 Clark Savage ENB Pub Note: The following is an interesting article from Felicity Bradstock on Oilprice.com. Britain’s plan to create thousands of clean energy jobs for the oil and gas workers is an example of what […]
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