Recent data from Kpler reveals a significant decline in crude oil exports from major OPEC+ producers in June, driven largely by weak demand in Asian markets and increased domestic consumption in the Middle East. This […]
The Group of Seven “likely” abandoned the US plan to expropriate Russia’s frozen central bank assets due to a “veiled threat” from Saudi Arabia, Bloomberg has reported. The US and UK had been pushing for […]
Daily Standup Top Stories Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision? July 1, 2024 Stu Turley A federal judge issued a ruling Monday […]
Higher production in Nigeria and Iran boosted OPEC’s oil production in June for a second month in a row, according to the monthly Reuters survey published on Tuesday. OPEC’s all 12 producers pumped 26.7 million barrels per […]
July 1 (Reuters) – Oil prices climbed about 2% on Monday on hopes of rising demand during the Northern Hemisphere’s peak summer driving season and worries that OPEC+ production cuts could result in supply deficits […]
The petrodollar died this month — or so I learnt via the financial blogosphere. In the past fortnight, Google searches for “petrodollar” have spiked to a record, and viral posts about Saudi Arabia ditching the greenback have […]
The 20-year agreement for NextDecade Corporation to sell U.S. liquefied natural gas might have greater implications than many analysts anticipate. There are a number of reasons why Saudi Arabia is looking to improve relations with […]
Weekly Daily Standup Top Stories New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer June 9, 2024 Stu Turley New Zealand was on Saturday night expected to revoke a ban on […]
Saudi Arabia’s energy behemoth Aramco has signed a non-binding deal to buy liquefied natural gas from NextDecade’s Rio Grande LNG export terminal in Texas. Under the terms of heads of agreement, Aramco expects to buy […]
Daily Standup Top Stories The Myth of the Inevitable Rise of a Petroyuan June 11, 2024 Stu Turley In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the […]
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