In a strategic move amid escalating geopolitical tensions, Saudi Arabia is ramping up efforts to bypass the disrupted Strait of Hormuz by utilizing its East-West Pipeline, also known as Petroline. This backup infrastructure allows the kingdom to redirect crude oil from its eastern fields to the Red Sea port of Yanbu, avoiding the chokepoint that\’s […]
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Energy News Beat Stand Up: China, California Energy, Hormuz Crisis & Liz Truss A wild day on the Energy News Beat Stand Up. We even play a short from Former Prime Minister Lizz Truss as I just finished recording her podcasts with Rey Trevinio on a joint podcast with the Crude Truth and Energy News […]
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In the midst of escalating geopolitical tensions in the Middle East, Saudi Arabia\’s long-term investments in pipeline infrastructure are proving to be a critical lifeline for global energy markets. With the Strait of Hormuz effectively shut down due to the ongoing conflict with Iran, the Kingdom\’s East-West Pipeline—often referred to as Petroline—has emerged as a […]
Continue ReadingDaily 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 State Rankings: Electric Vehicles per Capita in the United States August 25, 2024 Stu Turley California leads the nation in electric vehicle adoption, with over 1.1 million EVs and the highest per capita ownership. Washington, Hawaii, and Oregon follow California as EV adoption hotspots, while Mississippi and North Dakota lag […] Green Inferno: […]
Continue ReadingDaily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says. Under the draft text of the bill, “the Secretary […] US funding bill blocks […]
Continue ReadingDaily Standup Top Stories Russia to triple LNG exports by 2030 – deputy PM February 21, 2024 Mariel Alumit The country now ranks fourth in the world in terms of liquefied natural gas sales, according to Aleksandr Novak Russia plans to continue ramping up both output and exports of liquefied natural gas (LNG), Deputy […] Ford cuts […]
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Daily Standup Top Stories LNG Tankers Divert From Red Sea as Qatar Warns of Escalation January 16, 2024 Stu Turley Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as Houthi attacks continue Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk […] No […]
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Daily Standup Top Stories Houthis fire their greatest barrage of weapons to date in the ongoing Red Sea shipping crisis January 10, 2024 Mariel Alumit The Houthis launched their largest attack so far yesterday evening. According to the US military the “complex attack” consisted of 18 attack drones, two anti-ship cruise missiles, and one anti-ship ballistic […]
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