The Iraqi Oil Ministry has announced a new subsea oil pipeline deal with Italian offshore contractor Micoperi and Turkish firm Esta. This pipeline, with a capacity of 2.4 million bpd, will support increased exports from Iraq’s southern ports. Turkiye is looking to expand cooperation with Iraq in electricity exports too. Is the Iraq-Türkiye Cooperation Set […]
Continue ReadingDaily Standup Top Stories U.N. Maritime Agency Slaps First-Ever Emissions Tax On Shipping In Latest Money Grab April 14, 2025 Mariel Alumit The International Maritime Organization approved the first global shipping carbon tax, drawing backlash from shippers, oil states, and Trump officials. The UN’s International Maritime Organization (IMO) held a meeting in London on Friday at […]
Continue ReadingENB Pub Note: How this plays into the OPEC and OPEC+ production quotas has yet to be announced. We know that Saudi Arabia needs the 80 dollar range of oil for its fiscal budgets for its social programs, so we may see some production activity announced in the next meeting. The problems with the OPEC […]
Continue ReadingWeekly Daily Standup Top Stories Trump Tariffs Threaten UK Economic Stability April 6, 2025 Clark Savage Donald Trump’s imposition of new tariffs has triggered fears of a global trade war, with the UK facing a 10% tariff on all goods and potential economic stagnation. Economists and analysts are divided on the […] Trump Threatens 50% More China […]
Continue ReadingENB Pub Note: This is an excellent time to talk about the fundamentals of the global oil and gas market. For years, the fundamentals were impacted by imperfect reporting from different sources, sanctions and weaponization of the US Dollar, and the response from Russia, Venezuela, Iran, and other countries. The Dark Fleet is well over […]
Continue ReadingPresident Trump\’s tariffs are creating some uncertainty in the United States oil and gas market and resulting in a price drop. Brent crude futures were trading at $69.90 per barrel on Thursday, the same day that Trump announced his sweeping tariffs, while West Texas Intermediate futures were at about $66, both down around 7%. Rey […]
Continue ReadingOil prices have crashed to their lowest point since 2021 due to the escalating US-China trade war. Analysts fear the trade war will lead to a global recession, significantly reducing oil demand. The oil price slump puts pressure on OPEC+, potentially leading to a reversal of their recent production increase. Crude oil prices slumped to […]
Continue ReadingDaily Standup Top Stories Trump to sign executive orders aimed at reviving coal April 8, 2025 Clark Savage President Donald Trump is preparing to sign executive orders Tuesday to bolster the coal industry, including using his emergency authority to force some coal-fired power plants set for closure to stay open and keep producing […] U.S. Nuclear is […]
Continue ReadingDaily Standup Top Stories Trump Threatens 50% More China Tariffs, Teases Talks With Others April 7, 2025 Clark Savage President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Stocks swung wildly on Monday as […] Markets, Oil […]
Continue ReadingENB Publisher Note: This is an outstanding article from Ronald Stein. I have thoroughly enjoyed my podcast interviews with Ronald, and his expertise has always been well-received. He mentions Chris Wright, US Secretary of Energy, and NJ Ayuk, Executive Chairman of the African Energy Chamber, and they have fantastic points about Africa\’s needs to be […]
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