Saudi Aramco, the world\’s largest oil exporter, has announced a series of 17 memoranda of understanding (MoUs) and agreements with U.S. companies, potentially valued at more than $30 billion. These deals build on earlier announcements in May 2025, bringing the total collaboration pipeline with U.S. firms to approximately $120 billion this year. This move underscores […]
Continue ReadingThe U.S. Energy Information Administration (EIA) has once again shaken up the energy markets with its latest Weekly Petroleum Status Report, revealing an unexpected drawdown in crude oil inventories for the week ending November 14, 2025. This surprise dip comes amid fluctuating global demand signals and ongoing geopolitical tensions, providing fresh insights into the state […]
Continue ReadingENB Pub Note: This article is from The Merchants News Substack by Giacomo Prandelli, and I had an outstanding conversation with him while he was in Switzerland. I love talking to people from around the world about energy. We recommend subscribing to his Substack, and I have scheduled an interview with him on the Energy […]
Continue ReadingIn the intricate dance of global energy markets, China has emerged as a pivotal player, effectively establishing both a floor and a ceiling for crude oil prices through its strategic imports and stockpiling activities. As the world\’s largest oil importer, China\’s decisions ripple across international markets, absorbing surpluses when prices dip and scaling back when […]
Continue ReadingIn a landmark diplomatic and economic event, U.S. President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman (MBS) at the White House on November 18, 2025, marking a significant escalation in bilateral ties. During the high-profile meeting, MBS announced that Saudi Arabia would ramp up its investment commitments in the United States from an […]
Continue ReadingOPEC Secretary General Haitham Al Ghais has publicly pushed back against what he calls widespread media misrepresentation of the organization\’s latest oil market forecast, particularly regarding the outlook for 2026. In a recent interview, Al Ghais accused certain outlets of twisting OPEC\’s Monthly Oil Market Report (MOMR) to create a false narrative of a significant […]
Continue ReadingAs global energy markets grapple with persistent warnings of an impending oil glut in 2025 and 2026, strong demand signals from Asia\’s two giants—China and India—are providing critical support to crude prices and challenging oversupply narratives. Despite forecasts from agencies like the International Energy Agency (IEA) projecting surpluses of up to 2-4 million barrels per […]
Continue ReadingIn a stark reminder of how geopolitical conflicts can ripple through the global energy landscape, Sudan\’s oil sector has been thrust into chaos following a series of attacks on key energy infrastructure. Recent drone strikes and assaults, amid the country\’s ongoing civil war, have forced shutdowns and declarations of force majeure, disrupting crude exports and […]
Continue ReadingThe world needs trillions of dollars just to meet normal decline curves, and we are tracking the oil and gas businesses\’ returns to investors as consistent compared to renewable energy sources. Consumers and investors want low-cost and reliable energy, and with leaders like Gavin Newsom representing the United States at COP30, we can rest assured […]
Continue ReadingIn a move that has reignited concerns over maritime security in one of the world\’s most critical energy chokepoints, Iran\’s Islamic Revolutionary Guard Corps (IRGC) confirmed on Saturday that it had seized the Marshall Islands-flagged oil tanker Talara in the Strait of Hormuz. The incident, which occurred on Friday, November 14, 2025, marks the first […]
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