Daily Standup Top Stories Data Center Boom Sparks Utility Spending—But How Real Is the Demand? April 9, 2025 Clark Savage ENB Pub Note: AI and data centers will have a profound impact on energy demand. Look for them to be built in Republican states with energy-friendly policies and near natural gas pipelines. And as of […] How […]
Continue ReadingPresident Trump\’s tariffs are creating some uncertainty in the United States oil and gas market and resulting in a price drop. Brent crude futures were trading at $69.90 per barrel on Thursday, the same day that Trump announced his sweeping tariffs, while West Texas Intermediate futures were at about $66, both down around 7%. Rey […]
Continue ReadingOil prices have crashed to their lowest point since 2021 due to the escalating US-China trade war. Analysts fear the trade war will lead to a global recession, significantly reducing oil demand. The oil price slump puts pressure on OPEC+, potentially leading to a reversal of their recent production increase. Crude oil prices slumped to […]
Continue ReadingDaily Standup Top Stories Trump to sign executive orders aimed at reviving coal April 8, 2025 Clark Savage President Donald Trump is preparing to sign executive orders Tuesday to bolster the coal industry, including using his emergency authority to force some coal-fired power plants set for closure to stay open and keep producing […] U.S. Nuclear is […]
Continue ReadingTrump’s sweeping tariffs and China’s retaliation triggered a sharp drop in oil prices. The oilfield services sector is particularly vulnerable, facing reduced demand and profit margins due to falling oil prices, higher import costs, and tighter client budgets. With WTI hovering near breakeven levels and OPEC+ unexpectedly ramping up output, analysts foresee consolidation among oilfield […]
Continue ReadingDaily Standup Top Stories Trump Threatens 50% More China Tariffs, Teases Talks With Others April 7, 2025 Clark Savage President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Stocks swung wildly on Monday as […] Markets, Oil […]
Continue ReadingOil 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 Trump Tariffs Threaten UK Economic Stability April 6, 2025 Clark Savage Donald Trump’s imposition of new tariffs has triggered fears of a global trade war, with the UK facing a 10% tariff on all goods and potential economic stagnation. Economists and analysts are divided on the […] EV Battery Costs Set For Sharp […]
Continue ReadingThe plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed. Brent crude, the global benchmark, tumbled 13% through Thursday and Friday to just over $66 a barrel, casting new […]
Continue ReadingENB Pub Note: This article first ran on The Crude Truth Substack by Rey Trevino here: https://crudetruth.substack.com/p/what-is-impacting-oil-prices-today. I agree with the article and the author, but what do you think? Do you think Saudi Arabia can control production, or will it just give up? When countries that can just print money do it, what is […]
Continue Reading