Crude Oil News
Bank Of America Sees $120 Oil Next Year
ENB Publishers Note: There is data to back up the $120 next year and you just need to look at Saudi Arabia for part of that data. They are planning on balancing their budget with […]
Saudi Arabia
Industry Insights
Oil Producers Deliver a Masterclass in Gaslighting
Saudi Energy Minister Prince Abdulaziz Bin Salman delivered an hour-long masterclass in gaslighting after Thursday’s virtual meeting of ministers representing the OPEC+ group of oil producers. Arguing that the current energy crisis had been caused […]
Crude Oil News
OPEC+ Meeting Ends: Cartel Won’t Produce Extra Crude – Nor will they next month
ENB Publishers Note: Note that when Saudi Arabia announced several months ago that they are planning on having a budget surplus at the end of 2022, those numbers are banking on oil over $90. Saudi […]
Climate Crisis
The G20 Summit and OPEC are both saying the same thing – The world needs energy – But only Saudi’s indicate a “inclusive energy transition.”
This weekend it is great fun watching the G20 leadership talking about climate change, and how we need to impose the will of the industrialized nations upon the rest of the world. African countries have […]
Commodities
Aramco Warns World’s Spare Oil Supplies Are Falling Rapidly
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s […]
CO2 & GHG
What are our next steps in the Energy Crisis? How do we pick up the pieces on the road to renewable energy?
In my article this past Friday I ended with this: Let’s pull together and “Spend Our energy moving forward together towards an answer.” – Jay That seems like a good plan, but let’s throw some meat at […]
ENB Pub Note
Saudi Arabia to Use $110 Billion Gas Field for Blue Hydrogen – If energy was a chess game the rest of the world would be playing checkers
ENB Publishers Note: You have to hand it to Saudi Arabia, taking the lead to increase oil prices, start a consortium with Russia for natural gas and get into the driver’s seat for Blue Hydrogen. […]
Crude Oil News
When the chips are down, double down by increasing the migration to renewable says the IEA
The IEA director just announced that energy prices are likely to keep going up unless we have greater investments in renewables. Posted today on Oilprice.com today. He said, “There is a looming risk of more […]
Commodities
The Facts Behind Saudi Arabia’s Outrageous Oil Claims
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The EIA defines spare capacity very […]
Commodities
Don’t Expect OPEC to Keep You Warm This Winter
Skyrocketing prices for natural gas, coal and electricity are putting extra pressure on oil markets, boosting demand as industries and power generators seek to switch to liquid fuels to keep a lid on costs. But […]