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 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 ReadingAs energy exports include our United States oil and gas exploration company expertise, this story is just another confirmation that the importance of great leases in critical plays will be argued and fought over. This story will be just one of many of U.S. energy companies doing business around the world. Picture a treasure chest […]
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 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 ReadingENB Pub Note: We will cover this issue on Tuesday\’s Energy News Beat daily show. The history and information on Guyana\’s oil reserves are on top, followed by the Oilprice.com information on the bid for Chevron to take over Hess\’s Guyana asset. Guyana has emerged as a significant player in the global oil and gas […]
Continue ReadingAccording to a MOL statement on Friday, Dalian COSCO KHI Ship Engineering, which is jointly operated by Kawasaki Heavy Industries and China COSCO Shipping, will build the 309,000-dwt vessel. The LNG-powered VLCC is scheduled for delivery in 2027. MOL did not reveal the price tag of the contract. The LNG-powered VLCC will be 339.5 meters […]
Continue ReadingENB Pub Note: The global oil demand side of the pricing equation looks at India and China as the two biggest matrices for international pricing. The fact that India is rolling on high import levels, and China is looking flat, is a good thing for the demand curve. India is expected to import nearly […]
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