Daily Standup Top Stories OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike October 8, 2025 Clark Savage In the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and Russia—is pushing against its production boundaries. With spare capacity dwindling, the group finds itself in a precarious […] […]
Continue ReadingIn a strategic move to bolster its energy security amid global market volatility, China is accelerating the construction of 11 new oil storage facilities over the next two years. State-owned oil giants such as Sinopec and CNOOC are leading the effort, aiming to add a combined capacity of approximately 169 million barrels by the end […]
Continue ReadingChina, the world\’s largest importer of crude oil, has been on a buying spree in 2025, amassing stockpiles that are raising eyebrows across global energy markets. With crude prices hovering at levels reminiscent of two decades ago when adjusted for inflation, Beijing appears to be capitalizing on bargain-basement deals to bolster its strategic reserves. But […]
Continue ReadingIn the ever-volatile world of energy markets, the latest data from the U.S. Energy Information Administration (EIA) has sent ripples through the industry. For the week ending August 15, 2025, U.S. crude oil inventories experienced a significant drawdown, dropping by 6.01 million barrels—far exceeding market expectations of a modest 0.85 million barrel decline. This brought […]
Continue ReadingIn a significant blow to the UK\’s domestic energy production, French energy giant TotalEnergies has secured a High Court victory allowing it to decommission the Gryphon floating production, storage, and offloading (FPSO) vessel in the North Sea. The ruling, handed down on August 12, 2025, paves the way for the shutdown of a key hub […]
Continue ReadingDaily Standup Top Stories How The Union Pacific-Norfolk Southern Deal Would Boost Petrochemicals August 6, 2025 Clark Savage In a landmark move poised to reshape America’s freight rail landscape, Union Pacific (UP) and Norfolk Southern (NS) announced a proposed $85 billion merger on July 29, 2025. This deal, if approved by regulators, would […] Pakistan Strikes U.S. […]
Continue ReadingWelcome back to the Energy News Beat Channel, where we break down the latest developments shaking up the global oil markets. Today, we\’re diving into the U.S. Energy Information Administration\’s (EIA) Weekly Petroleum Status Report, released on August 6, 2025, for the week ending August 1. The headline? U.S. crude oil inventories shrank by a […]
Continue ReadingThe U.S. Department of Energy (DOE) has delayed plans to replenish the Strategic Petroleum Reserve (SPR) by seven months, pushing back significant repurchasing efforts to mid-2025. This setback, driven by rising oil prices and budgetary constraints, raises concerns about the nation’s energy security at a time of global market volatility. Below, we explore the reasons […]
Continue ReadingDaily Standup Top Stories Saudi Arabia Spends Like Oil’s Still at $90 May 12, 2025 Clark Savage ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […] Republicans Push to Refill […]
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Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […] Salt […]
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