Oil continued its downward trajectory on Monday afternoon, with the stock market briefly reversing losses after CNBC reported the White House was considering a 90-day pause in tariffs for everyone except China. Oil prices barely got to respond before the White House walked the report back as “fake news”. On Monday at 11:12 a.m. ET, […]
Continue ReadingDaily Standup Top Stories PetroVietnam Gas seals long-term LNG supply deal for Nhon Trach power plants March 3, 2025 Mariel Alumit According to a PV Gas statement, the two units of state-owned PetroVietnam signed the LNG supply contract for Vietnam’s first two LNG power plants for 25 years. This move follows a contract signed by PV […] […]
Continue ReadingThe eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook. Taking into account the healthy market fundamentals and the positive […]
Continue ReadingWeekly Daily Standup Top Stories 3 offshore wind projects nixed in New York April 19, 2024 Stu Turley New York canceled power contracts for three offshore wind projects Friday, citing a turbine maker’s plans to scrap its biggest machines. The news is a heavy blow to the U.S. offshore wind industry and a […] Biden administration considers […]
Continue ReadingDaily Standup Top Stories Biden set to block millions of acres in Alaska from oil, gas drilling in Earth Day action April 19, 2024 Mariel Alumit The Biden administration is planning to block oil and gas drilling across millions of acres in an Alaskan reserve, which Congress specifically set aside for resource development. The Department of Interior (DOI) is expected […]
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