Oil markets are set for continued wild swings in the coming weeks as investors grapple with uncertainty over a potential U.S.-Iran deal to end the ongoing conflict and reopen the Strait of Hormuz. Citigroup’s global head of commodities research, Max Layton, captured the mood perfectly in a May 7 Bloomberg Television interview: “It’s very difficult […]
Continue ReadingWeekly Daily Standup Top Stories What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Will Iran retaliate after the U.S. strikes on their nuclear program? Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels June 22, 2025 Clark Savage The global energy landscape […]
Continue ReadingWeekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia in October. The cut is likely due to weaker refining margins in China and the wider Asian region. The decision […]
Continue ReadingDaily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile […] Facts & […]
Continue ReadingDaily Standup Top Stories Power-Hungry Data Centers Are Gobbling Up Texas Amid AI Boom July 31, 2024 Stu Turley One business may finally be getting too big for Texas: data centers, those whirring warehouses packed with the electricity-sucking computer servers that power the modern internet and the development of artificial intelligence. Up until now, the […] Texas Pipeline […]
Continue ReadingDaily Standup Top Stories UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027 July 30, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has raised the production capacity at one of its offshore oilfields by 25% using AI technology as the United Arab Emirates looks to boost its total […]
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