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Yesterday Houthis declared an escalation in their Red Sea attacks: Yemen’s Houthi rebels on Sunday declared an escalation in their maritime campaign, announcing they will now target any ships belonging to companies that do business with Israeli ports, regardless of flag,…
Beacon Offshore has officially begun production at its Shenandoah field in the U.S. Gulf of Mexico. With Phase 1 ramping to 100,000 bpd by Q3, Shenandoah marks a major milestone for deepwater Wilcox—and a rare green light in frontier oil. #Deepwater #GulfOfMexico #OilProduction…
Tesla warns of “a few rough quarters” ahead as U.S. EV support ends. Global EV sales rose 28% in H1 2025—but U.S. sales fell 6.3% in Q2. As incentives vanish Oct 1, the U.S. risks falling behind China & Europe. #EVs #Tesla #EnergyTransition #PolicyRisk oilprice.com/Energy/Energy-…
Trump’s rollback of EV incentives has led BloombergNEF to slash U.S. EV sales forecasts by 14M units through 2030. With demand stalling, automakers like GM are pivoting to grid-scale battery storage to power AI data centers. #EVs #EnergyStorage #AI oilprice.com/Energy/Energy-…
The Trump admin has rescinded Biden-era limits on drilling in Alaska’s National Petroleum Reserve, reopening 10.6M acres to industry. Interior calls it a return to NPR-A’s core mission: energy production, not obstruction. #AlaskaOil #EnergyPolicy #NPR-A oilprice.com/Latest-Energy-…
While Montenegro and Albania are seen as EU frontrunners, Iceland may be the real wildcard. With 11 of 33 EU chapters already closed and strong EEA ties, a renewed push could make Iceland the 28th EU state—pending a planned referendum. #EU #Iceland #EUaccession…
China’s Q2 GDP beat forecasts at 5.2% YoY, but steel and iron ore markets are flashing warnings. June steel output fell 9.2% YoY as property woes deepen. Iron ore futures surged early but retreated as demand outlook dims. #Steel #IronOre #ChinaEconomy oilprice.com/Metals/Commodi…
Venture Global has reached FID and financial close on CP2 LNG Phase 1, securing $15.1B in debt-only financing—the largest single-tranche LNG project funding in U.S. history. CP2 will add 28 MTPA, positioning VG to surpass Cheniere in export capacity by 2030. #LNG #EnergyFinance…
The EU’s $750B LNG buying plan boosted U.S. exporters like Cheniere and Venture Global, but Henry Hub gas fell to $3.09/MMBtu. EQT shares dropped 1.7%, reflecting weak near-term demand and rising output. Exports cheer, producers fret. #LNG #EnergyMarkets #NaturalGas…
Weekend talks between Iran and Europe’s Troika failed to break deadlock. With snapback UN sanctions looming by Oct 18, EU insists Iran restrict missile range to 1,000 km—a red line Tehran won’t cross. A diplomatic window is closing fast. #Iran #JCPOA #EU #Geopolitics…
Saudi Aramco has awarded ~$5B in new contracts for its Zuluf offshore field, set to boost capacity by 600,000 bpd. The expansion comes days before a Q2 earnings report expected to show a double-digit profit drop. #Oil #SaudiAramco #Zuluf #OffshoreEnergy oilprice.com/Latest-Energy-…
New Mexico is now the epicenter of U.S. federal oil growth, with onshore production soaring to 1.7M bpd in 2024. Since 2008, that’s a 6x increase—outpacing even national crude growth. Offshore, by contrast, is stagnating. #EnergyTrends #Permian #USOil oilprice.com/Latest-Energy-…
U.S. wait times for power transformers have soared to 127 weeks—up from 50 in 2021—as surging global demand and Build America, Buy America rules strain supply. With grid expansion and EMP risks looming, experts warn the U.S. is dangerously exposed. #GridSecurity #EnergyPolicy…
The U.S.-EU trade deal is just the start of what is set to be a busy week in oil markets: oilprice.com/Latest-Energy-…
Oil prices climb after the EU and U.S. reach a tariff agreement - avoiding a major trade war. oilprice.com/Energy/Energy-…
🇦🇷 “Argentina is a new shale oil powerhouse in the making.”
Trump’s “golfing holiday” in Scotland is doubling as a diplomatic hub. On Monday, he meets UK PM Starmer, who will push to remove the 25% U.S. tariff on British steel and seek more U.S. military aid for Ukraine. #UKUSRelations #SteelTariffs #Trump #Starmer #UkraineSupport…
Diamondback CEO Travis Stice called peak shale back in May, adding that he expected a 10% drop in rigs by the end of Q2. Since he made that prediction, drillers removed 59 oil-directed rigs. The total oil rig count now stands at 415. #OOTT
U.S. rig count dropped by 2 this week to 542, the lowest level in over a year. Oil rigs fell by 7, while gas rigs rose by 5. Frac crew activity hit a 4-year low, signaling continued shale slowdown amid weak prices and cautious spending. #OilRigs #Shale #USOilandGas…
The Trump admin is auctioning 2,090 acres of oil & gas leases in Louisiana, Michigan & Mississippi this Sept—part of its “all-of-the-above” push to revive U.S. energy dominance. Even non-traditional states are now back on the leasing map. #OilAndGas #BLM #EnergyPolicy #Trump…