In a move that underscores the ongoing efforts to balance global oil markets, OPEC+ crude oil production surged by 630,000 barrels per day (bpd) in September 2025, reaching a total of 43.05 million bpd. This increase marks the completion of the unwinding of 2.2 million bpd in voluntary cuts that began in April 2025, as […]
Continue ReadingThe U.S. Energy Information Administration (EIA) has updated its Short-Term Energy Outlook (STEO), forecasting that U.S. crude oil production will average 13.5 million barrels per day (b/d) in both 2025 and 2026. This projection comes on the heels of a record-breaking July 2025, when U.S. crude oil output hit an all-time high of 13.6 million […]
Continue ReadingDaily Standup Top Stories OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike October 8, 2025 Clark Savage In the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and Russia—is pushing against its production boundaries. With spare capacity dwindling, the group finds itself in a precarious […] […]
Continue ReadingIn a significant development for the global energy sector, ExxonMobil is reportedly in advanced talks to re-enter Iraq\’s oil industry after a nearly two-year absence. The U.S. energy giant is eyeing the massive Majnoon oil field in southern Iraq as its primary target for exploration and development. This move could signal renewed confidence in Iraq\’s […]
Continue ReadingENB Pub Note: This article from Irina Slav on Oilprice.com is excellent, and we will cover this on our daily standup podcast. OPEC+ has agreed to modest monthly production boosts, keeping oil prices range-bound around $65 per barrel, which benefits consumer countries like the US but creates challenges for producer nations. Saudi Arabia\’s strategy of […]
Continue ReadingWeekly Daily Standup Top Stories Dallas Fed Survey Reveals Unrest in America’s Shale Patch September 27, 2025 Clark Savage ENB Pub Note: This article is from David Blackmon’s Substack, and we recommend subscribing. This brings up a huge discrepancy between “Drill Baby Drill” and what is actually happening in the oil and gas industry […] U.S. Shale […]
Continue ReadingIn the ever-volatile world of global energy markets, OPEC+ finds itself once again in the spotlight following fresh leaks from Reuters about its upcoming production strategy. As oil prices hover around multi-month lows amid economic uncertainties and rising non-OPEC supply, the cartel\’s internal debates have spilled into the public domain, raising questions about its ability […]
Continue ReadingThe Iraq-Turkey oil pipeline, also known as the Kirkuk-Ceyhan pipeline, transports crude oil from Iraq\’s northern Kurdistan region to the Mediterranean port of Ceyhan in Turkey. It was originally built in the 1970s and has been a key export route for Kurdish oil. Prior to its shutdown, the pipeline had a capacity of approximately 450,000 […]
Continue ReadingDaily Standup Top Stories Why Advertisers Are Returning to Big Oil Despite Net-Zero Pledges September 27, 2025 Clark Savage ENB Pub Note: This is an excellent article from Irina Slav on Oilprice.com. While the title says advertisers are returning to big oil, I would add investors to the list. I have written several articles […] Chinese Lithium […]
Continue ReadingENB Pub Note: This article is from David Blackmon\’s Substack, and we recommend subscribing. This brings up a huge discrepancy between \”Drill Baby Drill\” and what is actually happening in the oil and gas industry in the U.S. I am scheduling Josh Young from Bison Interests to discuss the current oil and gas market on […]
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