The global oil market is showing signs of robust demand, according to United Arab Emirates Energy Minister Suhail al-Mazrouei, who recently stated that the market is \”thirsty\” for additional OPEC+ barrels. Speaking at a biennial OPEC seminar, Mazrouei highlighted that despite recent production increases by OPEC+, global oil inventories have not significantly built up, signaling […]
Continue ReadingDaily Standup Top Stories Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications July 8, 2025 Clark Savage The global energy landscape is witnessing a resurgence in oil and gas production, with major players like Shell and TotalEnergies leading the charge in Nigeria, Africa’s top oil producer. According to […]
Continue ReadingThe global energy landscape is witnessing a resurgence in oil and gas production, with major players like Shell and TotalEnergies leading the charge in Nigeria, Africa’s top oil producer. According to a recent report from OilPrice.com, these supermajors are accelerating investments to significantly boost output by 2027, targeting key projects such as Shell’s Bonga North […]
Continue ReadingKey Points The U.S. has revised its 2025 crude oil output growth forecast downward to 160,000 barrels per day, down from 210,000, due to slower drilling activity. Research suggests that major basins like Permian, Bakken, and Eagle Ford will see varied impacts, with Permian leading at 6.53 million barrels per day in 2025, while others […]
Continue ReadingIn a bold move signaling a strategic pivot, UK oil supermajors BP and Shell have inked new deals with Libya’s National Oil Corporation (NOC) to explore and develop oil and gas fields, marking a significant return to the North African nation after years of instability. This development, reported by OilPrice.com, underscores a broader trend: major […]
Continue ReadingOPEC+ has been making waves with ambitious production quota hikes, signaling a bold shift toward reclaiming market share. However, recent data reveals a recurring theme: the group’s actual output consistently falls short of these lofty targets. As oil markets shrug off the latest production push, questions arise about whether OPEC+ is nearing its production ceiling, […]
Continue ReadingDaily Standup Top Stories Ghost Factories Are a Warning Sign for Green Manufacturing’s Future July 7, 2025 Clark Savage The promise of a green manufacturing boom, fueled by generous subsidies and ambitious climate policies, is unraveling across the United States and beyond. So-called “ghost factories”—abandoned or stalled clean-energy projects—are becoming a stark symbol of […] Iraq Lifts […]
Continue ReadingOn July 7, 2025, U.S. energy giants ExxonMobil and Chevron, alongside Indonesia’s state-owned energy firm Pertamina and other companies, signed a monumental $34 billion memorandum of understanding (MoU) for commodity purchases and investments. This landmark agreement, reported by OilPrice.com, marks a strategic move to bolster U.S.-Indonesia trade relations, avoid steep tariffs, and reshape the global […]
Continue ReadingDaily Standup Top Stories OPEC+ Pumps Up Output, but Can They Make the New Quotas? July 5, 2025 Clark Savage In a bold move that caught markets off guard, OPEC+ announced a hefty production increase of 548,000 barrels per day (bpd) for August 2025 during a virtual meeting on July 5, surpassing expectations of a […] The […]
Continue ReadingThe United States has imposed a fresh wave of sanctions targeting Iran’s petroleum and petrochemical sectors, escalating its \”maximum pressure\” campaign to curb Tehran’s oil exports and nuclear ambitions. These measures, announced in recent months under the Trump administration, not only tighten the screws on Iran but also place significant pressure on neighboring Iraq, which […]
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