Oil prices have crashed to their lowest point since 2021 due to the escalating US-China trade war. Analysts fear the trade war will lead to a global recession, significantly reducing oil demand. The oil price slump puts pressure on OPEC+, potentially leading to a reversal of their recent production increase. Crude oil prices slumped to […]
Continue ReadingDaily Standup Top Stories Trump to sign executive orders aimed at reviving coal April 8, 2025 Clark Savage President Donald Trump is preparing to sign executive orders Tuesday to bolster the coal industry, including using his emergency authority to force some coal-fired power plants set for closure to stay open and keep producing […] U.S. Nuclear is […]
Continue ReadingTrump’s sweeping tariffs and China’s retaliation triggered a sharp drop in oil prices. The oilfield services sector is particularly vulnerable, facing reduced demand and profit margins due to falling oil prices, higher import costs, and tighter client budgets. With WTI hovering near breakeven levels and OPEC+ unexpectedly ramping up output, analysts foresee consolidation among oilfield […]
Continue ReadingDaily Standup Top Stories Trump Threatens 50% More China Tariffs, Teases Talks With Others April 7, 2025 Clark Savage President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Stocks swung wildly on Monday as […] Markets, Oil […]
Continue ReadingDaily Standup Top Stories Trump Tariffs Threaten UK Economic Stability April 6, 2025 Clark Savage Donald Trump’s imposition of new tariffs has triggered fears of a global trade war, with the UK facing a 10% tariff on all goods and potential economic stagnation. Economists and analysts are divided on the […] EV Battery Costs Set For Sharp […]
Continue ReadingWeekly Daily Standup Top Stories Why the Rubio Ceasefire Plan is DOA Part 8: The BLUF and the Overview of the Next Tranche of Papers March 30, 2025 George McMillian ENB Pub Note: George McMillan, an ENB news contributor on energy and geopolitical topics, wrote this article. You can find my interviews with George on his […]
Continue ReadingDaily Standup Top Stories New Natural Gas Pipes and LNG Terminals Shake Up Texas/Louisiana Gulf Coast – RBN Energy April 1, 2025 Clark Savage ENB Pub Note: Excellent Article from RBN Energy – I recommend following them and checking out their articles: In Texas and Louisian Gulf Coast, we need the six new pipelines for LNG […]
Continue ReadingWeekly Daily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only one question that we will tackle on another day. Today, let’s look at the energy policies that countries force […] […]
Continue ReadingOil headed for a third weekly advance as the market braces for more tariffs from the Trump administration. Brent traded near $74 a barrel after closing 0.3% higher on Thursday, while West Texas Intermediate was close to $70. Tariffs on auto imports and so-called reciprocal levies are among US measures due next week, part of a developing global trade war. Oil traders […]
Continue ReadingChina, the biggest buyer of oil from Venezuela, saw trade with Venezuela stall on Tuesday after U.S. President Donald Trump threatened on Monday 25% tariffs on the goods of any country buying Venezuelan oil. Traders and refiners in China were caught off guard by Monday’s executive order and are waiting to see whether Beijing will have some […]
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