In a move signaling a strategic pivot toward reclaiming market share amid softening global demand, OPEC+ has reached a preliminary agreement to boost oil production starting in October 2025. Key members of the alliance, including Saudi Arabia and Russia, are set to discuss and likely approve an addition of approximately 137,000 barrels per day (bpd) […]
Continue ReadingIn a significant move to curb Iran\’s illicit oil revenues, the U.S. Treasury Department has imposed sanctions on a shipping network accused of smuggling Iranian crude oil by disguising it as Iraqi crude. The network, led by Iraqi-Kittitian businessman Waleed Khaled Hameed al-Samarra\’i based in the United Arab Emirates, is said to have facilitated the […]
Continue ReadingDaily Standup Top Stories Germany’s Net Zero Plans Include Taxing the Sun and Closing Stable Power Plants August 10, 2025 Clark Savage In a bizarre twist of environmental policy, Germany’s push toward Net Zero emissions has evolved into what critics are calling a “tax on the sun.” This comes amid the country’s aggressive shutdown of reliable […]
Continue ReadingIn the ever-volatile world of energy, the oil and gas sector is facing a paradoxical challenge: rig counts remain stubbornly low, hovering near three-year lows, even as global demand continues to push boundaries. As of August 2025, the global rig count stands at approximately 1,633 active rigs, a figure that reflects ongoing caution among producers […]
Continue ReadingMalaysia has introduced new regulations to combat illegal ship-to-ship (STS) oil transfers in its territorial waters, a move that could disrupt operations of the so-called shadow tanker fleet moving sanctioned oil to China. Under the new rules, vessels caught conducting unauthorised STS operations will face immediate detention, with the release process expected to take weeks. […]
Continue ReadingIn the world of energy production, gas flaring—the controlled burning of excess natural gas during oil extraction—remains a persistent challenge. This practice not only wastes a valuable resource that could power homes and industries but also contributes significantly to greenhouse gas emissions, including carbon dioxide and methane. As global energy demand continues to rise, recent […]
Continue ReadingIn a series of escalating attacks that underscore the fragile security in Iraq\’s oil-rich regions, drone strikes have targeted multiple oilfields in the semi-autonomous Kurdistan area, leading to the shutdown of up to 200,000 barrels per day (bpd) of crude production. These incidents, attributed to Iran-aligned militias, come amid longstanding disputes over oil revenue sharing […]
Continue ReadingIn an escalating diplomatic standoff amid heightened tensions in the Middle East, the United States has issued a stern warning to Iraq over its alleged involvement in facilitating the smuggling of Iranian oil. This comes on the heels of fresh U.S. sanctions targeting networks that disguise Iranian crude as Iraqi oil, potentially allowing it to […]
Continue ReadingWeekly Daily Standup Top Stories The OBBBA Resets the Energy Policy Playing Field: A New Era for Oil, Gas, and Nuclear July 6, 2025 Clark Savage On July 3, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, marking a pivotal shift in U.S. energy policy. This landmark legislation, passed with […]
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 Reading