In the sweltering heat of the Caribbean, tensions between the United States and Venezuela have simmered for years, fueled by oil riches, political animosity, and the shadowy world of drug trafficking. But recent events—a U.S. military strike on a suspected drug boat off Venezuela\’s coast that killed 11 people on September 1—have pushed the rhetoric […]
Continue ReadingIn a dramatic eleventh-hour compromise, California lawmakers have forged a deal with the oil industry aimed at bolstering domestic crude production amid looming refinery closures that threaten to drive up gasoline prices. The agreement, embedded in Senate Bill 237, streamlines environmental approvals for thousands of new oil wells in the state\’s prolific Kern County while […]
Continue ReadingWeekly Daily Standup Top Stories Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility September 5, 2025 Clark Savage In a significant step toward advancing the U.S. nuclear energy sector, Oklo Inc. (NYSE: OKLO) has announced the commencement of the first phase of construction for a cutting-edge nuclear fuel recycling facility in Oak Ridge, […] Treasury […]
Continue ReadingThe U.S. Energy Information Administration (EIA) revealed its latest Brent spot price forecast for 2025 and 2026 in its September short term energy outlook (STEO), which was released on September 9. According to its latest STEO, the EIA expects the Brent spot price to average $67.80 per barrel in 2025 and $51.43 per barrel in […]
Continue ReadingThe International Energy Agency, which has repeatedly predicted that global oil demand growth will peak before 2030, has drafted a report admitting that both oil and gas demand are set to continue growing for decades. Bloomberg’s Javier Blas reported the news in a column this week, citing a draft of the IEA report, World Energy Outlook. The […]
Continue ReadingThe number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics (BLS) website shows. According to the data, which was accessed by Rigzone, the number of employees in the sector has declined from 123,100 in January to […]
Continue ReadingMILAN, Sept 11 (Reuters) – It may appear quite audacious for the world\’s largest natural gas producer to demand that its biggest market stop buying from a competitor. But that\’s exactly what unfolded this week at the global gas industry’s annual gathering in Milan. Speaking at the start of the Gastech conference, U.S. Interior Secretary […]
Continue ReadingWith a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. According to Reuters, BlackRock, via Global Infrastructure Partners, […]
Continue ReadingIn a bold escalation of its campaign against Russian energy infrastructure, Ukraine\’s Security Service (SBU) claimed responsibility for a drone strike on the Port of Primorsk, Russia\’s premier oil-loading terminal on the Baltic Sea. This marks the first direct hit on the facility, which handles a significant portion of Moscow\’s crude oil exports to global […]
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 Reading