By ZeroHedge The global oil and gas industry is facing a severe downturn with widespread job losses and investment cuts. Falling crude prices, exacerbated by OPEC+ output increases, are making it difficult for western majors to fund projects and shareholder payouts. The downturn is significantly impacting the US shale industry and raising concerns about the future […]
Continue ReadingIn the ever-evolving landscape of global energy, one trend stands out: the sharp decline in exploration capital expenditures (capex) by oil majors since the peak years around 2013. This pullback raises critical questions about future oil production capacity, especially as natural decline rates in existing fields demand massive investments to maintain supply. With demand from […]
Continue ReadingWeekly Daily Standup Top Stories High Energy Costs Push UK Industry to the Brink September 1, 2025 Clark Savage This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But […] The UK […]
Continue ReadingDaily Standup Top Stories High Energy Costs Push UK Industry to the Brink September 1, 2025 Clark Savage This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But […] The UK Energy […]
Continue ReadingIn the early hours of August 28, 2025, Ukrainian forces launched a significant drone assault on multiple Russian oil refineries, marking yet another escalation in the ongoing conflict\’s economic warfare. The attacks targeted the Kuibyshev refinery in Samara Oblast and the Afipsky refinery in Krasnodar Krai, with reports also indicating hits on the nearby Novokuibyshevsk […]
Continue ReadingENB Pub Note: This article from Andrew Korybko\’s Newsletter on Substack is spot on. President Trump is running on all cylinders with his domestic team, but the wheels are off the electric school bus, the short electric school bus, in terms of handling Putin, Zelensky, and India. This morning, we see that China is meeting […]
Continue ReadingIn an escalation of its defense strategy, Ukraine has intensified drone strikes on Russia\’s energy infrastructure, targeting oil refineries, pipelines, and storage facilities that fund Moscow\’s war machine. These attacks, which have disrupted Russian oil production and exports, come amid rising global oil prices as markets react to potential supply shortages. Brent crude futures climbed […]
Continue ReadingENB Pub Note: This is an outstanding article from David Blackmon\’s substack, and we recommend you support and subscribe to his channel. We had covered this last week on the Energy News Beat Daily stand-up, and stated that it would cause problems for the India/US relationship. But as David points out, there are reasons that […]
Continue ReadingIn an escalation amid ongoing hostilities, Ukraine\’s military has claimed responsibility for a targeted strike on Russia\’s critical Druzhba oil pipeline system. The attack, which occurred on August 18, 2025, at the Nikolskoye pumping station, has disrupted crude oil supplies to key European nations, highlighting the vulnerability of energy infrastructure in the conflict. This incident […]
Continue ReadingIn a surprising turn following the high-stakes Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin, Trump announced he would delay hiking tariffs on Chinese goods. This decision stems directly from China\’s ongoing purchases of Russian oil, which Trump linked to progress made in discussions aimed at ending the war in Ukraine. […]
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