The three major U.S. rig tallies are telling the same structural story and three different weekly headlines. Baker Hughes held unchanged at 588 for a second straight week. WellDatabase printed 601, down 30 week over week but up 23 year over year. Enverus’s GPS-based daily count continues to run well above both weekly censuses, last […]
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Crude is still moving out of the U.S. Gulf Coast, but the bottleneck is no longer just barrels of oil. It is the world’s ability to turn those barrels into gasoline, diesel, and jet fuel—and to deliver the finished products where they are needed. Labor Day weekend is supposed to mark the seasonal turn lower […]
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Michael Bloomberg has poured more than $1 billion into campaigns to retire coal plants in the United States and globally. In 2019, his philanthropies committed $500 million to the Beyond Carbon effort. In 2021, he launched a drive to close a quarter of the world’s remaining coal plants and cancel all proposed ones by 2025. […]
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This is a Joint Podcast with David Blackmon, and Stu Turley on both podcast platforms. The Jones Act: America’s Self-Inflicted Economic Wound In this episode of the Energy Newsbeat Podcast, hosts Stu Turley and David Blackmon sit down with Colin Grabow, Associate Director of the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, […]
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November-loading ESPO from Kozmino is trading at more than $7 per barrel over Brent, with some offers to independent refiners reaching $10, according to traders cited by Bloomberg and OilPrice.com. That is a sharp reversal from the deep discounts China extracted for years. ESPO loads on Russia’s Pacific coast and reaches Chinese ports in less […]
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The global diesel market is no longer just tight. It is rationing by price. This week the ICE gasoil crack — the difference between a barrel of crude and the diesel refined from it — hit a record $79 a barrel. In the United States, the diesel crack is trading well above $100 a barrel […]
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This was a fun podcast with Mark LaCour, OGGN Podcast Host, and Joe Leather, host of Wind, Waves and Wells. Buckle Up: We Solve the World’s Energy Crisis In a wide-ranging discussion that cuts through the noise of energy policy debates, three industry experts—Joe Leather (HSE Professional and Offshore Wind & Oil Podcast Host), Mark […]
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The U.S. government receives a 35% equity stake in NABEP’s corporate parent via the Department of War’s Office of Strategic Capital, a guaranteed right to buy 20% of offtake at production cost, and a right of first refusal on the remaining 80%. U.S. governance rights include veto power over board appointments, a requirement that a […]
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Dr. Tammy Nemeth leads the fun discussion with David Blackmon and Stu Turley In this episode of the Energy Realities Podcast, host Dr. Tammy Nemeth brings together energy industry veterans David Blackmon and Stu Turley for an in-depth roundtable discussion on the seismic shifts reshaping global energy markets. From a landmark Venezuelan oil deal that […]
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ENB Pub Note: This is an outstanding article from Dr. Tammy Nemeth on the Nemeth Report Substack. We highly recommend subscribing! Norway has punctured the illusion that Europe’s net-zero transition is attainable. At the end of August, Energy Minister Terje Aasland not only declared that Norway as Europe’s “green battery” was “a flawed idea”, but also made clear […]
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