Daily Standup Top Stories EU’s Climate Rules Have Caused a Response from the US and Qatar, Issuing Trade Threats October 22, 2025 Clark Savage In an escalating tension over global energy trade, the European Union’s push for stringent climate and sustainability regulations has drawn sharp rebukes from major LNG suppliers, the United States, and Qatar. Both […]
Continue ReadingOverview of Rig Counts The latest data from Baker Hughes indicates that drilling activity in the United States remains relatively stable amid fluctuating oil prices. As of the week ending October 17, 2025, the total U.S. rig count stood at 548, marking an increase of 1 rig from the previous week. This includes 418 oil […]
Continue ReadingIn a move aimed at bolstering national energy security, the United States needs to push forward with plans to replenish its Strategic Petroleum Reserve (SPR), which has been significantly depleted in recent years. President Donald Trump\’s administration has prioritized refilling the reserve, signaling a shift from previous drawdowns to a strategy focused on long-term preparedness […]
Continue ReadingDaily Standup Top Stories Citi Says Russia-Ukraine De-escalation Could Impact Oil to $50, and Oil’s Surplus Is Here—But What’s the Real Story? October 19, 2025 Clark Savage In the volatile world of energy markets, headlines from major financial institutions like Citigroup often grab attention. Recently, Citi analysts suggested that a potential de-escalation in the Russia-Ukraine conflict […]
Continue ReadingIn the dynamic world of energy production, the United States continues to defy expectations. Despite a stagnant rig count, U.S. crude oil output has reached unprecedented heights, showcasing remarkable efficiency gains and technological advancements in the industry. This trend highlights how operators are squeezing more production from fewer rigs, a testament to improved drilling techniques […]
Continue ReadingDaily Standup Top Stories Where’s the Glut? Says ConocoPhillips CEO Ryan Lance October 15, 2025 Clark Savage In the ever-volatile world of oil markets, ConocoPhillips CEO Ryan Lance has recently challenged the prevailing narratives of an impending oil surplus. Speaking at a recent industry event, Lance questioned the notion of a glut, […] Occidental CEO Hollub Sees […]
Continue ReadingIn an era dominated by headlines of geopolitical tensions—from Middle East conflicts to trade wars—the real threat to global energy stability may lie in something far more mundane: neglect. While trillions of dollars pour into renewable energy sources, promising a green future, the oil and gas sector grapples with chronic underinvestment. This imbalance risks creating […]
Continue ReadingIn a market still reeling from geopolitical tensions and shifting global demand patterns, Occidental Petroleum CEO Vicki Hollub delivered a sobering yet strategic outlook at the Energy Intelligence Forum in London this week. Hollub projected that crude oil prices will remain confined to a narrow band of $58 to $62 per barrel through 2026, describing […]
Continue ReadingAs global oil markets navigate a complex landscape of supply increases, geopolitical tensions, and economic uncertainties, a notable shift has emerged in the futures curve for 2026. West Texas Intermediate (WTI) crude timespreads for several months in 2026 have slipped into contango, reflecting growing concerns over potential oversupply. This development comes amid OPEC+\’s efforts to […]
Continue ReadingIn a recent address at a conference in London, ExxonMobil CEO Darren Woods provided insights into the future of the global oil market, painting a picture of potential supply constraints ahead. As the head of one of the world\’s largest energy companies, Woods\’ comments carry significant weight for the industry, highlighting a shift from current […]
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