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HomeAuthorsClark Savage

Articles by Clark Savage

Crude Oil News

Oil Jumps on Fuel Inventory Draws

November 14, 2024 Clark Savage

Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]

Crude Oil News

“I couldn’t be more thrilled by president-elect Donald Trump’s victory,” said Continental Resources founder Harold Hamm.

November 13, 2024 Clark Savage

The FT writes, US oil execs are eagerly awaiting Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill,” production is unlikely to increase significantly during his second term in […]

Electrical Generation / Utilities

Poland Urgently Needs New Gas Power Stations, Grid Operator Warnsn

November 13, 2024 Clark Savage

Country sees power supply shortage at 4.2 gigawatts in 2026 Poland needs its coal power stations operating for longer: PSE Poland urgently needs to build new gas-fueled power stations and keep its coal-fired units going […]

Crude Oil News

Drill, Baby, Drill’ Hits Wall of Capital Restraint – More like Drill Baby Drill when fiscally responsible!

November 13, 2024 Clark Savage

Trump will encounter a very different mindset of shale industry executives in 2025 compared to the late 2010s. Discipline and a pragmatic approach to balancing production growth with shareholder returns are likely to hold in […]

Shale drillers
Crude Oil News

Coterra is spending $4 billion to consolidate in the Permian.

November 13, 2024 Clark Savage

The risk/reward balance here gets very interesting. Coterra Energy, the $20 billion publicly traded exploration & production (E&P) operator, announced two separate acquisition agreements in the Permian totaling $3.95 billion. The deal “consist[s] of $2.95 […]

Trump
Energy Policy

Trump Picks Former Congressman Lee Zeldin to Lead EPA

November 11, 2024 Clark Savage

President-elect Donald Trump has selected former New York congressman Lee Zeldin to lead the Environmental Protection Agency, placing the Long Island Republican in charge of his plans to boost energy production and curb regulations. “He will ensure fair and […]

Crude Oil News

Russian Oil Gets Flipped Between Tankers Near Spanish Exclave of Ceuta

November 11, 2024 Clark Savage

A cargo of Russian oil appears to have been switched between ocean-going tankers near a Spanish exclave in north Africa, restoring a clandestine practice that Madrid thought it had ended last summer. On Saturday, the […]

Energy Policy

Trump return will slow, not stop, US clean energy boom

November 6, 2024 Clark Savage

Nov 6 (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday’s presidential elections is unlikely […]

Geopolitical

EU’s Jorgensen Wants Cheaper Energy, End to Russian Fuel Imports

November 5, 2024 Clark Savage

Dan Jorgensen is designate for next EU Energy Commissioner Jorgensen unveils his priorities at hearing in EU Parliament Dan Jorgensen, designate as the European Union’s next energy chief, pledged measures to lower prices and end […]

Carbon Capture

Trudeau to Order Oil, Gas Producers to Cut Emissions by 35%

November 4, 2024 Clark Savage

Industry limit to be implemented through cap-and-trade system Canada to start collecting data in 2026, enforcement in 2030 Prime Minister Justin Trudeau’s government will require Canada’s oil and gas industry to cut emissions by 35% from 2019 […]

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