ENB 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 […]
Continue ReadingOil continued its downward trajectory on Monday afternoon, with the stock market briefly reversing losses after CNBC reported the White House was considering a 90-day pause in tariffs for everyone except China. Oil prices barely got to respond before the White House walked the report back as “fake news”. On Monday at 11:12 a.m. ET, […]
Continue ReadingOil Price Crash Is Already Hitting Alberta’s Production Last week, the tariffs announced by the Trump Administration and the decision by OPEC+ producers to add in May more barrels to the market than expected crushed oil prices. Alberta may see a larger-than-planned budget deficit. Precision Drilling CEO Neveu: oil prices so low are already impacting […]
Continue ReadingMichael Yon, an Army Ranger and war correspondent, tends to appear worldwide in hot spots, and today is no exception. Several weeks ago, I was invited to go to Panama to interview him and others, and I could not work the travel into my schedule. This would have been our second interview, and I am […]
Continue ReadingThe plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed. Brent crude, the global benchmark, tumbled 13% through Thursday and Friday to just over $66 a barrel, casting new […]
Continue ReadingENB Pub Note: This article first ran on The Crude Truth Substack by Rey Trevino here: https://crudetruth.substack.com/p/what-is-impacting-oil-prices-today. I agree with the article and the author, but what do you think? Do you think Saudi Arabia can control production, or will it just give up? When countries that can just print money do it, what is […]
Continue ReadingENB Pub Note: This article is from Andrew Korybko\’s newsletter and has some great points. I recommend following and subscribing to his Substack: https://korybko.substack.com/p/zelensky-has-no-feasible-alternative. We need to look at news from all sources and countries to get a fundamental understanding of what is going on in our world. Our government and mainstream media do not […]
Continue ReadingOPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, the equivalent of three monthly tranches from its previous plan to revive […]
Continue ReadingBP’s Cypre development, located offshore Trinidad and Tobago, has delivered its first gas. The Cypre gas field is located 78 kilometers off the southeast coast of Trinidad and Tobago within the East Mayaro Block, in water depth of about 80 meters. It is owned by BP Trinidad and Tobago, which is owned by BP (70 […]
Continue ReadingBP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures. BP is increasing oil and gas spending by 25% and Shell is prioritizing LNG growth. U.S. supermajors stayed the course and are now outperforming. Ever since BP admitted that its attempt to go green had ended in a […]
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