Tag: UK

Russia Points Out the Lack of Investment in Oil is Poised to Cause an Oil Shortage

Clark Savage97

In a stark warning that echoes growing concerns across the global energy sector, Russia\’s top OPEC+ negotiator, Alexander Novak, has highlighted the imminent risk of an oil shortage driven by chronic underinvestment. Speaking recently, Novak emphasized that traditional accessible reserves are depleting rapidly, while hard-to-recover reserves demand significantly higher costs. \”We are now seeing traditional […]

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Chevron’s Future: Why the CEO Is All In

Clark Savage76

The world needs trillions of dollars just to meet normal decline curves, and we are tracking the oil and gas businesses\’ returns to investors as consistent compared to renewable energy sources. Consumers and investors want low-cost and reliable energy, and with leaders like Gavin Newsom representing the United States at COP30, we can rest assured […]

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Drill, Baby, Drill. It’s Kind of Like Real Estate — Location, Location, Location.

Clark Savage130

U.S. Drilling Programs Are Resilient, but It Depends on the Location November 6, 2025 Clark Savage In the ever-volatile world of energy markets, U.S. oil and gas producers are demonstrating remarkable staying power amid oil prices hovering around $60 per barrel—a level that’s uncomfortably close to breakeven for many operations. Yet, […] U.S. Natural Gas Futures Up […]

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Oil Is Not Done Yet: Wood Mackenzie Report Says Oil Demand Increasing to at Least 2032

Clark Savage71

In a landscape dominated by headlines about renewable energy and the push toward net zero emissions, a new report from Wood Mackenzie delivers a sobering reminder: global oil demand is far from fading. According to the consultancy\’s Energy Transition Outlook 2025-2026, released in late October 2025, oil demand won\’t peak until 2032—two years later than […]

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How Has China\’s Crude Stockpile Given the Oil Market a Safety Net? Will Filling the SPR Help in That Net?

Clark Savage88

In an era of geopolitical tensions, supply disruptions, and shifting energy dynamics, strategic oil reserves have emerged as critical buffers for global markets. China\’s aggressive crude stockpiling strategy has played a pivotal role in stabilizing oil prices and mitigating risks from sanctions and conflicts. But how exactly has this provided a safety net? And could […]

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No New North Sea Oil Wells for First Time Since 1960s: Labour’s Crackdown on Oil and Gas Industry Blamed for Collapse of Exploration in UK Waters

Clark Savage81

In a stunning blow to the UK\’s energy sector, 2025 is set to mark the first year since 1964 without any new exploratory oil wells being drilled in the British North Sea. This is yet another example of bad management and energy policies. According to a Westwood Global Energy survey, no offshore exploration wells have […]

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Zelensky Declares Expansion of Long-Range Attacks on Russian Oil Refineries: Who Authorized and Why?

Clark Savage93

In a bold escalation amid the ongoing Russia-Ukraine conflict, Ukrainian President Volodymyr Zelensky has announced plans to broaden the scope of long-range strikes targeting Russian oil refineries. This declaration, made following a strategic meeting with his military staff, underscores Ukraine\’s intent to intensify pressure on Russia\’s energy sector, which Zelensky claims is already \”paying a […]

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