Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […] Relying on electricity interconnectors […]
Continue ReadingDaily Standup Top Stories It’s time to follow the Navy’s 50-year safety record of nuclear power generation September 17, 2024 Mariel Alumit Delivery of affordable, abundant, reliable, clean, and emissions-free electricity to customers is very important to modern quality of life. Achieving this is threatened by a vulnerable grid and the intermittency of wind and solar […]
Continue ReadingDaily Standup Top Stories Italy’s central bank backs helping poorer countries fund energy transition September 16, 2024 Mariel Alumit ROME, Sept 16 (Reuters) – Italy’s Central Bank governor Fabio Panetta on Monday threw his weight behind a plan to help poorer countries reduce their carbon emissions, saying it would ultimately reduce the overall cost […] LNG pipeline […]
Continue ReadingWeekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […] It’s […]
Continue ReadingDaily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
Continue ReadingWeekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia in October. The cut is likely due to weaker refining margins in China and the wider Asian region. The decision […]
Continue ReadingDaily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile […] Facts & […]
Continue ReadingDaily Standup Top Stories The Harsh Reality of the Global Energy Transition September 2, 2024 Stu Turley The energy transition, which has become a focus of governments around the world, is the global shift from fossil fuels to renewable energy sources. The reality is that global energy demand growth has consistently outpaced […] Saudi Arabia Expected to […]
Continue ReadingWeekly Daily Standup Top Stories Is China’s Demand for Oil Nearing Its Peak? August 25, 2024 Stu Turley China’s oil imports in July were down 12% from June and 3% from July 2023, raising concerns about the country’s economic health and future oil demand. Factors such as the rise of electric vehicles, the […] State Rankings: Electric […]
Continue ReadingDaily Standup Top Stories Ukraine Strikes 2 More Oil Depots Deep Into Russian Territory August 28, 2024 Stu Turley The Ukrainian military claimed on Wednesday to have downed a Russian fighter jet over eastern Ukraine as Russia stepped up retaliation in Ukraine’s occupied eastern region shortly after Kyiv set another Russian oil depot on […] What’s Good […]
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