Author: Clark Savage

China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions

Clark Savage244

In a bold move amid escalating geopolitical tensions, China and Iran have formalized a significant oil-for-infrastructure agreement, effectively sidestepping U.S. sanctions through a barter system that exchanges Iranian crude for Chinese-built projects. This deal not only secures a steady oil supply for Beijing but also bolsters Tehran\’s infrastructure amid ongoing economic pressures from Washington. Details […]

Continue Reading

Rig Count Drops as Oil Prices in Free Fall

Clark Savage269

The energy sector is facing headwinds as crude oil prices continue their downward spiral, influenced by factors such as U.S. President Donald Trump\’s tariff threats on China, a ceasefire in Gaza, and forecasts of global oversupply. As of October 11, 2025, West Texas Intermediate (WTI) crude oil is trading at $58.90 per barrel, marking a […]

Continue Reading

Texas Oil Driller Taps Trump\’s Team to Save California Crude Project

Clark Savage238

In a bold move highlighting the clash between federal energy priorities and California\’s stringent regulations, Houston-based Sable Offshore Corp. is turning to the Trump administration\’s National Energy Dominance Council for help in reviving a stalled offshore oil project off the coast of Santa Barbara. The Santa Ynez Unit, a cluster of offshore fields holding hundreds […]

Continue Reading

EIA Projects Steady U.S. Crude Oil Production at 13.5 Million Barrels Per Day Through 2026: Key Basins and Regions in Focus

Clark Savage354

The U.S. Energy Information Administration (EIA) has updated its Short-Term Energy Outlook (STEO), forecasting that U.S. crude oil production will average 13.5 million barrels per day (b/d) in both 2025 and 2026. This projection comes on the heels of a record-breaking July 2025, when U.S. crude oil output hit an all-time high of 13.6 million […]

Continue Reading

Does OPEC+ Really Have Spare Capacity?

Clark Savage391

Daily Standup Top Stories OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike October 8, 2025 Clark Savage In the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and Russia—is pushing against its production boundaries. With spare capacity dwindling, the group finds itself in a precarious […] […]

Continue Reading