In the volatile world of energy markets, oil prices have found a moment of stability heading into the weekend, with traders closely monitoring a mix of geopolitical tensions and reassuring signals from the US regarding Venezuela. As of October 31, 2025, West Texas Intermediate (WTI) crude is hovering near $60 per barrel, marking a steadiness […]
Continue ReadingIn the global energy landscape, the narrative of a swift “transition” away from fossil fuels to renewables has dominated headlines. However, a closer examination of demand trends, investment patterns, and infrastructure realities reveals a different story: we are in an era of energy addition. Renewables like wind and solar are expanding rapidly, but oil, natural […]
Continue ReadingIn a market grappling with tumbling crude prices and an oversupply of oil, major oil companies are aligning with OPEC\’s strategy by ramping up production. This week’s earnings reports from industry heavyweights like ExxonMobil, Chevron, Shell, BP, and TotalEnergies are expected to confirm these expansion plans, signaling a push forward despite short-term headwinds. As Brent […]
Continue ReadingOverview of Rig Counts The latest data from Baker Hughes indicates that drilling activity in the United States remains relatively stable amid fluctuating oil prices. As of the week ending October 17, 2025, the total U.S. rig count stood at 548, marking an increase of 1 rig from the previous week. This includes 418 oil […]
Continue ReadingENB Pub Note: This article from Irina Slav on Oilprice.com is excellent, and we will cover this on our daily standup podcast. OPEC+ has agreed to modest monthly production boosts, keeping oil prices range-bound around $65 per barrel, which benefits consumer countries like the US but creates challenges for producer nations. Saudi Arabia\’s strategy of […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, Stu Turley dives deep with Trisha Curtis, CEO of PetroNerds, in a no-holds-barred conversation on the myths of peak Permian, U.S. shale resilience, OPEC’s bluff, China’s global energy influence, rising electricity costs, the EU’s energy collapse, and the urgent need for pragmatic U.S. energy policy. From […]
Continue ReadingWeekly Daily Standup Top Stories OPEC is Looking for Market Share While Playing the Long Game July 20, 2025 Clark Savage In the ever-evolving landscape of global energy markets, the Organization of the Petroleum Exporting Countries (OPEC) continues to navigate a delicate balance between securing greater market share and sustaining elevated oil prices. As of mid-2025, […] […]
Continue ReadingDaily Standup Top Stories President Trump Announces Three New Trade Deals July 23, 2025 Clark Savage In a bold move to strengthen America’s economic position and promote fair trade practices, President Donald Trump announced three new trade agreements on July 22, 2025. These deals, involving Indonesia, the Philippines, and Japan, aim […] Brazil Bets Against Net Zero. […]
Continue ReadingIn the ever-evolving landscape of global energy, few questions spark as much debate as the future of oil and gas demand. With OPEC projecting a staggering $18.2 trillion in new investments needed by 2050 to ensure sufficient supply, the industry finds itself at a crossroads. This is a topic that Michael and I have covered […]
Continue ReadingIn a world where oil prices are currently languishing below $70 per barrel, with analysts predicting they could average in the mid-$60s for the remainder of 2025, it\’s easy to assume a bearish outlook dominates the energy markets. Yet, beneath this apparent oversupply narrative lies a confluence of factors poised to drive a significant upside […]
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