Earlier this week, I published an article titled “What does the OPEC+ increase of 411,000 mean to the United States?” I was asked about Saudi Arabia\’s increase in the Asia market and how it would impact the United States. Those two points are broken out into sections below. They seem to be trying to make too […]
Continue ReadingDaily Standup Top Stories Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash May 6, 2025 Clark Savage ENB Pub Note: The story below is from Tsvetana Paraskova on Oilprice.com, and she has some great points about the Saudi Budgets. I have been saying that the Saudis need the $80 to $85 oil, […] US Cut […]
Continue ReadingENB Pub Note: Yesterday, we examined Cap Ex budgets, and today, we are investigating production, demand estimates, and storage. The current storage levels are low and are listed below. Here is a lot of data to chew on. Go ahead and skip to the summary if you want to know what price I think we […]
Continue ReadingIn this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley sits down with Michael McDonnell, founder of MMD Global Advisory, to dive deep into Saudi Arabia’s Vision 2030, the NEOM project challenges, and the broader impact of global trade wars. They explore how Trump’s tariffs are reshaping global finance, Saudi Arabia\’s financial future, […]
Continue ReadingENB Pub Note: The story below is from Tsvetana Paraskova on Oilprice.com, and she has some great points about the Saudi Budgets. I have been saying that the Saudis need the $80 to $85 oil, but the IMF states that the oil break-even for their social programs is $90. Saudi Arabia’s budget deficit for 2025 […]
Continue ReadingDaily Standup Top Stories Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says May 5, 2025 Clark Savage ENB Pub Note: President Trump’s team still does not understand what motivates President Putin to end the war. In the following article from Bloomberg, President Trump oddly says that low oil prices will bring President […] Saudi […]
Continue ReadingENB Pub Note: This is an excellent article from Irina Slav at Oilprice.com. I like the phrase \”Embracing the Glut to Win the Long Game.\” You must also subscribe to Irina\’s Substack. She is right on the money, and it adds validity to Josh Young\’s opinion that the longer oil prices are low, the more they will […]
Continue ReadingDaily Standup Top Stories Why Spain’s Rooftop Solar Owners Weren’t Spared From the Blackout May 4, 2025 Clark Savage ENB Pub Note: Rooftop solar panels on homes are not bad; they must be appropriately designed and set up for disaster use. I have taken the time to learn how to get the rooftop solar, […] House Votes […]
Continue ReadingENB Pub Note: When the United States or China need additional money, they just print more than what they need. That system is set up for failure, but when Russia, Iran, Iraq, and other OPEC+ members need extra cash, they drill more and throw the product on a dark fleet tanker to avoid sanctions. The […]
Continue ReadingENB Pub Note: Why is this story from Tsvetana Parsskova from Oilprice.com important? Iran first learned, then developed ways to survive United States sanctions, and was an early adopter in the Dark Fleet, also known as the Shadow Fleet. Russia then built upon the success Iran had achieved with the shadow fleet and expanded it […]
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