The 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 […]
Continue ReadingENB Pub Note: The story from Irina Slav at Oilprice.com below the line is an outstanding article. She is an excellent international energy expert. I am wondering about Israel\’s attacking Iran\’s nuclear sites without hitting Iran\’s oil sites, and is this a coordinated response with the United States? Israel cannot hit Iran without the use […]
Continue ReadingThere are several ways to look at Saudi Arabia\’s use of crude oil to burn for electrical generation. First, it is fiscally responsible, but it may not be the best long-term solution for their local environment. As the leader of OPEC, it does help to have the flexibility to reduce the kingdom\’s energy costs by […]
Continue ReadingENB Pub Note: I will interview DRW ( David Ramsden-Wood) and David Blackmon on Wednesday about this article and Trump\’s trip to the Middle East. There is a lot going on in the news cycle, and we are trying to incorporate the most correct and not-so-politically correct information. It should be a lot of fun. […]
Continue ReadingENB Pub Note: An excellent story from the Crude Truth Subsack, and we recommend following them. https://crudetruth.substack.com/p/iea-revised-historical-oil-demand. There are some real issues going on in the overall pricing of oil and gas in the global markets. It used to be based upon supply and demand, and I have been questioning the data for years. What […]
Continue ReadingENB 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 won\’t work. The United States invested heavily, and the wind and solar industry failed to deliver on the thousands of jobs. […]
Continue ReadingDuring President Donald Trump’s Gulf tour from May 13-16, 2025, the United States secured significant energy and technology agreements with Saudi Arabia, Qatar, and the United Arab Emirates (UAE), with a combined value exceeding $2 trillion, as announced by the White House. The visit, which included stops in Riyadh, Doha, and Abu Dhabi, focused on […]
Continue Reading