In a significant shift for global energy markets, the International Energy Agency (IEA) has revised its long-standing predictions on oil and gas demand, prompting major financial institutions like Goldman Sachs to adjust their forecasts accordingly. This \”U-Turn\” by the IEA, as it\’s being dubbed in industry circles, moves away from earlier projections of an imminent […]
Continue ReadingThis is a National Security issue for the United States Gavin Newsom should be proud. Has absolutely devastated the oil and gas industry in California, and single-handedly wiped out the future development of oil and gas. Even with studies showing that the formations in California need to be drilled to reduce methane due to their […]
Continue ReadingIn the world of energy markets, where headlines often scream about impending gluts and oversupply, OPEC\’s latest outlook is turning heads for all the wrong reasons—at least from the perspective of those expecting a flood of cheap oil. Much like the iconic 1984 Wendy\’s commercial that famously asked, \”Where\’s the Beef?\”, we\’re left pondering: Where\’s […]
Continue ReadingENB Pub Note: This article from Irina Slav\’s Substack is on point on the oil glut in the news. We recommend following her on her Substack. As we say in Texas, the math ain\’t mathing. First, looking at OPEC+\’s additional increases, if they can actually produce them as well as the simple fact we are […]
Continue ReadingThe U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from Goldman Sachs has cast a shadow over this narrative. In an interview with Bloomberg TV, Daan Struyven, head of oil […]
Continue ReadingWeekly Daily Standup Top Stories Why Hasn’t Trump Hit Russia with More Sanctions? – Because it would hand the Mid-term elections to the Democrats June 1, 2025 Clark Savage I have been discussing this for months on the Energy News Beat Podcast, and the secondary sanctions on China and India’s refineries would undoubtedly cause havoc in […]
Continue ReadingDaily Standup Top Stories Russia-Ukraine Talks Stall: Will Congress Ramp Up Sanctions Pressure on Moscow? June 2, 2025 Clark Savage It has been clear for well over 6 months that President Trump does not have the information he needs to end the war in Ukraine, and we are watching peace slip through his fingers, which […] Trump […]
Continue ReadingRecent projections from Goldman Sachs indicate that OPEC+ is likely to conclude its series of production increases in August 2025, marking a significant shift in global oil supply dynamics. This forecast, based on Goldman’s analysis of market conditions and OPEC+ strategies, suggests a tightening of oil markets in the near term, with far-reaching implications for […]
Continue ReadingWeekly Daily Standup Top Stories Where Are Oil Prices Headed in 2025 and Beyond? Goldman Sachs’ Bearish Outlook Meets Rising Demand Well economics matters May 27, 2025 Clark Savage Source: The Crude Truth Substack Oil well economics matters at all times, but it has now become the difference between profitability and incurring a loss. Goldman Sachs […]
Continue ReadingDaily Standup Top Stories Trump Administration Fast-Tracks Utah Uranium Mine, Signals Robust Push for Critical Minerals May 27, 2025 Clark Savage Today, I had the privilege of visiting with Robert Bryce, (David Blackmon) Energy Transition Absurdities, and Douglas C. Sandridge about President Trump’s executive orders on nuclear energy. That podcast transcript and video will be published on Friday. We covered the great […] […]
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