Podcasts about global oil

In this episode, World Oil spoke with Deb Carpenter, Global Oil, Gas and Chemicals Market Manager, Swagelok, on several topics, including challenges and solutions when working with tubing and fluid systems, actions to take to improve component availability, as well as other pathways to boost operational efficiencies and safety.

If President Donald Trump's tariffs stymie the U.S. economy — which would, in turn, slow the global economy — oil demand will fall. And we're already operating at a surplus. In this episode, why the oil market tea leaves are difficult to read right now. Plus: Trump takes an “unprecedented” hands-on approach to Big Tech business dealings, and tariffs on semiconductors will make electronics more expensive. And, despite a six-year period of steep overall inflation, some prices have dropped. Can you guess which ones?Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

If President Donald Trump's tariffs stymie the U.S. economy — which would, in turn, slow the global economy — oil demand will fall. And we're already operating at a surplus. In this episode, why the oil market tea leaves are difficult to read right now. Plus: Trump takes an “unprecedented” hands-on approach to Big Tech business dealings, and tariffs on semiconductors will make electronics more expensive. And, despite a six-year period of steep overall inflation, some prices have dropped. Can you guess which ones?Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Exxon Mobil CEO Darren Woods discusses the global oil supply in the face of the Israel-Iran conflict, and he highlights the difficulty of the EU's regulatory push to reduce emissions. YouTuber and influencer Dhar Mann is one of the top scripted creators, and he's partnered with former MTV president Sean Atkins to create a new production studio specifically for online content creators. The two discuss the addition of creator-driven content to the evolving media landscape. Plus, China and the United States have agreed to a framework for a trade deal, and CNBC's Sharon Epperson reports on a new money habit for Americans: “revenge saving.” Sharon Epperson - 09:31Darren Woods - 16:27Dhar Mann & Sean Atkins - 32:28 In this episode:Dhar Mann, @dharmannSean Atkins, @atkinsseanSharon Epperson, @sharon_eppersonBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

The Strait of Hormuz remains one of the most important energy corridors in the world. It is the only sea route from the Persian Gulf to the open ocean, it serves as the primary maritime route for oil exports from the Gulf. Any disruption to traffic through the strait would have implications for oil markets and regional stability.While some Gulf states have developed pipelines to bypass the strait, the volume of oil transported by sea is far greater, and for many countries, including key Gulf exporters, the waterway is essential to maintaining trade. China is the largest buyer of oil that travels through the strait, making it particularly exposed to any disruption.Iran itself relies on the Strait of Hormuz to sell its oil and any blockage of the route would likely damage Iran's own economy and could strain relationships with regional neighbours.Despite past threats to close the Strait of Hormuz, the waterway has remained open, including during the tanker wars of the 1980s, but any disruption could have a big impact on global oil supplies.Picture Credit: Morteza Nikoubazl/NurPhoto via Getty ImagesContributors: Camille Lons, Deputy Head of the Paris office of the Council on Foreign relations Elisabeth Braw, Senior fellow with the Atlantic Council's Transatlantic Security Initiative in the Scowcroft Center for Strategy and SecurityJacob P. Larsen, BIMCO's Chief Safety & Security OfficerPetter Haugen, Partner, Equity Research Shipping, ABG Sundal Collier, Nordic Investment BankPresenter Charmaine Cozier Producer Louise Clarke Researcher Maeve Schaffer Editor Tara McDermott Technical Producer: Gareth Jones Production Coordinator - Tammy Snow

Wholesale Petrol Price Tipped To Rise Within Days Amid Middle East Unrest. P-M Calls For Return To Diplomacy, But Backs U-S Strikes On Iran's Nuclear Facilities. Australia Records Highest Road Toll In 15 Years. And Manhunt In Victoria Following Horiffic Home Invasion.See omnystudio.com/listener for privacy information.

Wholesale Petrol Price Tipped To Rise Within Days Amid Middle East Unrest. P-M Calls For Return To Diplomacy, But Backs U-S Strikes On Iran's Nuclear Facilities. Australia Records Highest Road Toll In 15 Years. And Manhunt In Victoria Following Horiffic Home Invasion.See omnystudio.com/listener for privacy information.

The U.S. strikes nuclear targets in Iran, officially joining Israel in the fight against the Islamist regime in Tehran. Arian Pasdar joins us live with the latest on last night's operation.In the fallout on Capitol Hill, President Trump declared a "very successful" strike on Iran, sparking fierce reaction from lawmakers on both sides of the aisle.Is it possible to completely dismantle Iran's nuclear program without a regime change? And can the conflict be resolved without leading to war? We discuss this with our expert panel.China is condemning the United States for its weekend airstrikes on the Iranian nuclear facilities. How could the attack on Iran impact China and global oil supplies?A heat wave is set to hit millions of Americans in the coming days. Here's what we know about the hot temperatures that will affect parts of the midwest and east.

Edition No165 | 22-06-2025 - TACO no more? Trump has taken decisive action. Was it from a strategic assessment of the risk posed by Iran's nuclear ambitions, or was he manipulated into it by a forceful Netanyahu, exuding macho aggression and decisiveness? Was Trump perhaps driven to action by a sense of inevitability, once the bombers and refuelling aircraft were in position, it would have seemed weak to bring them all back without any action being taken. Or was he finally forced into action by domestic political pressure. Or were the feared divisions within MAGA that an attack on Iran would provoke overridden by the damaging slogan being adopted by Trump's detractors – TACO two weeks… The US may have changed the course of the conflict. Will Iran respond with measured and symbolic aggression, or all out aggression with a response that hits Western targets in the region. I would guess the former, but it may depend on how fragile the regime feels. Trump has made further threats, saying Iran must make peace or face future attacks after US strikes. Benjamin Netanyahu stood at the podium in the Israeli prime minister's office and started by speaking English, lavishing praise upon, US President Donald Trump after the US bombed Iranian nuclear sites. Netanyahu's tone was triumphant. His glee beamed through, having seen a lifetime of paranoia in relation to Iran, (justified or not, that is a question to be debated), finally come to fruition with a consummate act of aggressive pre-emptive deterrence. Iran's nuclear ambitions may have been set back by decades, possibly forever. Thousands of Russian scientists and engineers who were assisting Iran develop these nuclear capabilities are being shipped out – rats leaving the sinking ship kind of implications.----------Links: https://www.theguardian.com/world/live/2025/jun/22/israel-iran-war-live-trump-says-us-has-attacked-nuclear-sites-in-iran-including-fordow?page=with%3Ablock-685751648f0808294ac4b2cb&filterKeyEvents=false#liveblog-navigationhttps://www.bbc.co.uk/news/articles/c9dgpjqg12lohttps://news.sky.com/story/stability-in-middle-east-is-priority-says-starmer-as-he-calls-on-iran-to-return-to-negotiating-table-13386950https://www.independent.co.uk/news/world/middle-east/iran-us-trump-bomb-israel-strikes-nuclear-dangerous-latest-b2774597.html----------Car for Ukraine has once again joined forces with a group of influencers, creators, and news observers during this summer. Sunshine here serves as a metaphor, the trucks are a sunshine for our warriors to bring them to where they need to be and out from the place they don't.https://car4ukraine.com/campaigns/summer-sunshine-silicon-curtainThis time, we focus on the 6th Detachment of HUR, 93rd Alcatraz, 3rd Brigade, MLRS systems and more. https://car4ukraine.com/campaigns/summer-sunshine-silicon-curtain- bring soldiers to the positions- protect them with armor- deploy troops with drones to the positions----------SILICON CURTAIN FILM FUNDRAISERA project to make a documentary film in Ukraine, to raise awareness of Ukraine's struggle and in supporting a team running aid convoys to Ukraine's front-line towns.https://buymeacoffee.com/siliconcurtain/extras----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtain----------

Iran has the capacity to militarily shut down tanker traffic through the Strait of Hormuz. If it does, and that lasts for more than a month, then the world economy will suffer a heart attack. Can they do it? Yes. Will they? That all depends on what Trump does next.Click Here for Part 2

The $30 billion bid for Santos by the Abu Dhabi National Oil Company has a long way to run. But it's a big offer for an Australian company, and one that suggests gas has a major role to play in the long-term energy market.Nik Burns, Head of Energy Research at Jarden, takes Sean Aylmer through ADNOC's bid, and what it all means for the global oil and gas market.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Jake Broe is a United States Air Force veteran who served for six years as a Nuclear and Missile Operations Officer. But you may know him better as one of the most prominent voices on YouTube throughout the war, someone with absolute moral clarity about who the victim of the war is – spoilers, it's Ukraine – and who brings direct military experience to his detailed analysis of the unfolding conflict. Do please subscribe to his channel for videos updates on the war in Ukraine as well as conversations with engaging speakers, expert guests, and other YouTubers.----------LINKS:  @JakeBroe  https://www.youtube.com/@JakeBroe https://twitter.com/RealJakeBroehttps://www.instagram.com/jakebroe/https://www.buymeacoffee.com/jakebroehttps://www.patreon.com/join/jakebroe----------CHAPTERS:00:00:00 Xxx ----------Easter Pysanky: Silicon Curtain - https://car4ukraine.com/campaigns/easter-pysanky-silicon-curtainCar for Ukraine has joined forces with a group of influencers, creators, and news observers during this special Easter season. In peaceful times, we might gift a basket of pysanky (hand-painted eggs), but now, we aim to deliver a basket of trucks to our warriors.This time, our main focus is on the Seraphims of the 104th Brigade and Chimera of HUR (Main Directorate of Intelligence), highly effective units that: - disrupt enemy logistics - detect and strike command centers - carry out precision operations against high-value enemy targetshttps://car4ukraine.com/campaigns/easter-pysanky-silicon-curtain----------SILICON CURTAIN FILM FUNDRAISERA project to make a documentary film in Ukraine, to raise awareness of Ukraine's struggle and in supporting a team running aid convoys to Ukraine's front-line towns.https://buymeacoffee.com/siliconcurtain/extras----------SILICON CURTAIN LIVE EVENTS - FUNDRAISER CAMPAIGN Events in 2025 - Advocacy for a Ukrainian victory with Silicon Curtainhttps://buymeacoffee.com/siliconcurtain/extrasOur first live events this year in Lviv and Kyiv were a huge success. Now we need to maintain this momentum, and change the tide towards a Ukrainian victory. The Silicon Curtain Roadshow is an ambitious campaign to run a minimum of 12 events in 2025, and potentially many more. We may add more venues to the program, depending on the success of the fundraising campaign. https://buymeacoffee.com/siliconcurtain/extrasWe need to scale up our support for Ukraine, and these events are designed to have a major impact. Your support in making it happen is greatly appreciated. All events will be recorded professionally and published for free on the Silicon Curtain channel. Where possible, we will also live-stream events.https://buymeacoffee.com/siliconcurtain/extras----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtain----------TRUSTED CHARITIES ON THE GROUND:Save Ukrainehttps://www.saveukraineua.org/Superhumans - Hospital for war traumashttps://superhumans.com/en/UNBROKEN - Treatment. Prosthesis. Rehabilitation for Ukrainians in Ukrainehttps://unbroken.org.ua/Come Back Alivehttps://savelife.in.ua/en/Chefs For Ukraine - World Central Kitchenhttps://wck.org/relief/activation-chefs-for-ukraineUNITED24 - An initiative of President Zelenskyyhttps://u24.gov.ua/Serhiy Prytula Charity Foundationhttps://prytulafoundation.org----------PLATFORMS:Twitter: https://twitter.com/CurtainSiliconInstagram: https://www.instagram.com/siliconcurtain/Podcast: https://open.spotify.com/show/4thRZj6NO7y93zG11JMtqmLinkedin: https://www.linkedin.com/in/finkjonathan/Patreon: https://www.patreon.com/siliconcurtain----------

In this episode, TXOGA President Todd Staples sits down with Chief Economist Dean Foreman, Ph.D., to examine the key trends shaping global oil market dynamics in the first quarter of 2025. Their conversation explores the sustained strength in oil and natural gas demand amid headwinds from slowing global economic growth, evolving trade policies and tariffs, and seasonal market patterns.--TXOGA: Quarterly Energy Economics Outlook, Q1 2025TXOGA: Energy and Economics Perspective, Q1 2025

President Trump announced a 25 percent across-the-board tariff on any country that purchases oil from Venezuela - but who will really be paying for the additional cost? Also today, US/Russia talks begin again in Saudi Arabia. Will the US take control of Ukraine's power plants?

Host: Tracy Shuchart for MicDropMarketsGuests: AbdulazizAbdulaziz is a prominent Public Saudi figure on Energy and Climate issues and a publicspeaker for major energy issues for the chamber of commerce, municipalities andmany other entities in the MiddleEast. For the past 15 years Abdulaziz has been an avid observer in the E&P activitiesin the MENA region. Rob ConnersRob Connors spent +15 years as a sell-side research analyst covering variouscompanies in the oil & gas, industrials, transportation and aerospace &defense sector. He majored in finance from the University of Maryland andobtained the CFA and CPA designations. Rob started what eventuallybecame the Crude Chronicles in 2020 which specializes in telling thefinancial history of the Oil & Gas industry with data going back to theindustry's founding. Patrick De HannPatrick has analyzed and tracked oil markets and fuel prices for nearly two decades.Patrick has concentrated on downstream oil markets, including crude oil,gasoline, diesel and jet fuel since 2005. Patrick started with GasBuddy in 2009the largest U.S. fuel-price tracking service in existence, providing expertisefor millions of users. Since his start, he has provided regular commentary toU.S. News and World Report and is often quoted during gas price gyrations andfuel disruptions by almost all U.S. and international media outlets.Shubham GargShubham Garg is the CEO & Founder of White Tundra Resources and White TundraInvestments. Shubham launched White Tundra Resources in 2019 as a company forcontract field production operations, production optimization and engineeringsupport. He is currently managing White Tundra Investments' portfolio focusedon undervalued Canadian Oil & Gas E&P's. White Tundra operates on aconcentrated model with 15-30% of their portfolio invested in one leveragedhigh-torque equity, 40-60% on a basket of low-growth cash-flow generatingequities, and 15-50% on high potential small-cap and junior companies withunique technology.Disclaimer: This material is presented solely forinformational and entertainment purposes and is not to be construed as a recommendation,solicitation, or an offer to buy or sell / long or short any securities,commodities, or any related financial instruments. Please contact a licensedprofessional before making any investment or trading decisions

Dean Foreman, Chief Economist, Texas Oil & Gas Association joined Grayson Brulte on The Autonomy Economy podcast to discuss the current state the U.S. economy and the global oil and natural gas markets.Consumer debt in the U.S. is rising and that could have potential impacts on GDP. While the economic picture in the U.S. is uncertain at the moment, global oil demand is projected to reach 104.1 million barrels per day this year. Demand is partly being driven by emerging markets. Then there is Texas, which continues to export oil to the world, while having a $720 billion impact on GDP. Texas is not just an oil state anymore, even though 30% of the state's private sector is employed by the oil and natural gas industry, it is now becoming a high-tech state as it has begun to integrate AI, automation and autonomy into the sector's operations. Recorded on Monday, February 24, 2025Episode Chapters0:00 Health of the U.S. Consumer 5:57 Liquid Natural Gas Market 11:00 Data Centers15:32 European Gas18:51 U.S. Oil Imports 24:45 Heavy Crude26:53 Growing Global Oil Demand & Geopolitics 29:50 Permian Basin 33:34 Impact of the Oil & Natural Gas Industry on Texas' Economy35:29 Quarterly Outlook--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™.Sign up for This Week in The Autonomy Economy newsletter: https://www.roadtoautonomy.com/autonomy-economy/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jose Pereira, is a Leadership & Resilience coach , Leadership & Motivational Speaker and Author with over 35 years in the Global Oil and Gas industry as CFO / CEO of Citgo Petroleum, and survivor of five years as an International hostage known as the Citgo6. His memoir, From Hero to Villain, details his journey. He now coaches through his own company Coach as Survivor LLC and hosts the Podcast: Building Resilience talk show. Visit joseconnect.com.Contact Jose Pereira:Social mediahttps://www.youtube.com/@JosePereira-nz4pshttps://LinkedIn.com/in/jose-angel-pereirahttps://www.twitter.com/pereirajap3https://linktr.ee/jose_angel_pereirahttps://www.facebook.com/profile.php?id=100068010210574&mibextid=LQQJ4dhttps://www.instagram.com/pereirajap3ahttps://www.threads.com/pereirajap3a/Web page https://joseconnect.comMy book webpage https://fromheroetovillian-thetruestoryofthecitgo6.com/Amazon link to the bookhttps://www.amazon.com/Hero-Villain-Citgo6-Villain-TRILOGY/dp/B0D8ZC3M1R/ref=mp_s_a_1_2?crid=24IR4N0X7HRXO&dib=eyJ2IjoiMSJ9.BzvoqWG8_EI4q4PyXPUXddGeEepqVTba6decIBT0DC_GjHj071QN20LucGBJIEps.gWpjmp2d2pMwbxgVndpLOigwm65SdEnHlx72zpRuINc&dib_tag=se&keywords=from+hero+to+villain+jose&qid=1720787346&sprefix=from+hero%2Caps%2C103&sr=8-2INTERVIEWSAnderson cooper interview https://www.cnn.com/videos/world/2022/10/24/jose-pereira-citgo-6-venezuela-american-detainees-released-intv-ac360-vpx-contd.cnnBook Launching interview in CNN en espanolhttps://youtu.be/Ii4-nCPyc8U?si=8J8NwfYyTPa4oTweDeclaration of the CITGO6 day in Houston by the mayorhttps://youtu.be/uWGupDse0L0?si=tMDJTwC0i7P5mrjuInterview in ABChttps://youtu.be/dlgdOKYdzTg?si=j88XcPH6ks27zVkginterview I. Telemundohttps://youtube.com/shorts/va-PD3R1GCQ?si=9fWXkodSeOh-LI_DInterview in KPRC2 https://youtu.be/e_nJZq-I-oU?si=CcD5tP7pXXIyffOuDr. Kimberley Linert Speaker, Author, Broadcaster, Mentor, Trainer, Behavioral Optometrist Event Planners- I am available to speak at your event. Here is my media kit: https://brucemerrinscelebrityspeakers.com/portfolio/dr-kimberley-linert/ To book Dr. Linert on your podcast, television show, conference, corporate training or as an expert guest please email her at incrediblelifepodcast@gmail.com or Contact Bruce Merrin at Bruce Merrin's Celebrity Speakers at merrinpr@gmail.com 702.256.9199 Host of the Podcast Series: Incredible Life Creator Podcast Available on... Apple: https://podcasts.apple.com/us/podcast/incredible-life-creator-with-dr-kimberley-linert/id1472641267 Spotify: https://open.spotify.com/show/6DZE3EoHfhgcmSkxY1CvKf?si=ebe71549e7474663 and on 9 other podcast platforms Author of Book: "Visualizing Happiness in Every Area of Your Life" Get on Amazon: https://amzn.to/3srh6tZ Website: https://www.DrKimberleyLinert.com Please subscribe, share & LISTEN! Thanks. incrediblelifepodcast@gmail.com Social Media Links LinkedIn: https://www.linkedin.com/in/dr-kimberley-linert-incredible-life-creator/ Facebook: https://www.facebook.com/kimberley.linert/ The Great Discovery eLearning Platform: https://thegreatdiscovery.com/kimberley l

Host: Tracy Shuchart for MicDropMarketsGuestsAbdulaziz Abdulaziz is a prominent Public Saudi figure on Energy and Climate issues and a public speaker for major energy issues for the chamber of commerce, municipalities and many other entities in the MiddleEast. For the past 15 years Abdulaziz has been an avid observer in the E&P activities in the MENA region. He reports daily on the regional competitors activities in the Upstream Sector as well as reporting quarterly updates on updated Business activities globally and in the region, including monitoring of all oil and gas discoveries in the Middle East, North Africa and global frontier areasLeonid Mironov Leonid is currently the head of materials at PACAT Capital Management (HK). He has over 17 years of experience in the global commodity and commodity equities space currently focusing on China and SE Asia. PACAT is a Hong Kong based long only and hedge fund manager investing in China and Asia with an exceptional track record going back to 2000.He also publishes the Panda Perspectives, a substack focused on China and its impact on Commodities, Industries and TechnologyDISCLAIMER: This material is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation, or an offer to buy or sell / long or short any securities, commodities, or any related financial instruments. Please contact a licensed professional before making any investment or trading decisions

On Sunday, Syrian rebel forces captured the capital Damascus and forced President Bashar al-Assad to flee the country to Moscow, ending more than 50 years of Assad family rule. What do these rapid and momentous developments mean for the future of Syria? And what are the ramifications for Iran, Israel, and Russia in the Middle East? In this episode, Jacob Heilbrunn speaks with Greg Priddy, a Senior Fellow for the Middle East at the Center for the National Interest. Priddy consults for corporate and financial clients on political risk in the region and previously served as Director for Global Oil at Eurasia Group.Music by Aleksey Chistilin from Pixabay

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discuss a variety of energy topics, including the economic and geopolitical impacts of U.S. oil production policies, refinery closures, and international partnerships in nuclear energy. They critique regulatory decisions affecting energy infrastructure and emphasize the potential global implications of U.S. policy shifts under a Trump presidency, including increased LNG exports and potential relief from strict energy regulations. Additionally, they speculate that Trump's energy policies, particularly his "drill, baby, drill" approach, would bolster the U.S. oil industry while anticipating an increase in natural gas demand.Highlights of the Podcast00:00 - Intro00:54 - Joe Biden and Kamala's Iran Oil Sanctions Failure02:31 - LyondellBasell to Shut Down Houston Refinery04:47 - Energy Talen, Constellation and Vistra tumble after government rejects Amazon nuclear-data center agreement06:18 - Storm Rafael May Menace Oil, Gas Production in Gulf of Mexico: Weather Watch08:27- Russia's Oil Revenues Plunged 29% in October as Crude Prices Fell09:56 - Election Wrap Up20:20 - More Iran sanctions and ‘drill baby, drill': Oil market's future is still uncertain under Trump22:50 - OutroPlease see the links below or articles that we discuss in the podcast.Joe Biden and Kamala's Iran Oil Sanctions FailureLyondellBasell to Shut Down Houston RefineryEnergy Talen, Constellation and Vistra tumble after government rejects Amazon nuclear-data center agreementStorm Rafael May Menace Oil, Gas Production in Gulf of Mexico: Weather WatchRussia's Oil Revenues Plunged 29% in October as Crude Prices FellMore Iran sanctions and ‘drill baby, drill': Oil market's future is still uncertain under TrumpFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

Wondering how the upcoming US election could impact US oil production and benchmark crude prices? Listen to Eloise Radley, Senior Market Reporter and Ignacio Sotolongo, Senior Editor at ICIS discuss this topic. 

Preview: Iran: Conversation with Richard Goldberg regarding the possible IDF target list in Iran that will compromise the IRGC without exposing radiation risks or panicking the global oil markets. More tonight. 1850

In this insightful episode of Wicked Energy with JG, Justin Gauthier sits down with Arjun Murti to delve into the intricacies of global oil demand and the evolving energy landscape. Arjun criticizes extreme political positions on oil and gas, advocating for a balanced approach to energy production and innovation. He sheds light on the governments stance on fracking and the broader implications of U.S. energy policies. The discussion pivots to China's "all of the above" energy strategy, highlighting their investment in coal, nuclear, natural gas, and renewables to ensure energy security. Arjun provides an analysis of China's significant influence on global oil markets and the challenges and opportunities posed by their demographic shifts. Other key topics include the economic viability of biofuels, short-term and long-term oil price forecasts, and the impact of interest rate cuts on the energy sector. The episode wraps up with insights into Veriten's strategic advisory work across the oil and gas value chain. LinkedIn: https://www.linkedin.com/in/arjun-murti-energy-analyst/ Websites: https://arjunmurti.substack.com/ Show Sponsors InflowControl InflowControl is a tech firm specializing in enhancing oil production efficiency and minimizing environmental harm through their Autonomous Inflow Control Valve (AICV®). The technology boosts profitability in mature oil fields by filtering out undesired gas and water, allowing previously overlooked zones to contribute to production. This results in both higher profitability and Lower Carbon Oil for stakeholders. For more information, visit the links below: Website: www.inflowcontrol.no LinkedIn: https://www.linkedin.com/company/inflowcontrol-as/ YouTube: https://www.youtube.com/channel/UCqdgIooQhYtUBo-auUlYw-Q Mainline Ventures Mainline Ventures stands alone as the premier strategy consulting firm dedicated to the energy sector, founded by former E&P C-Suite executives. They transform deal-making from an art into a science with their Process Driven Negotiation Technique, focusing on active deals and offering services like bespoke training, deal advising, and go-to-market strategies, often on a contingency basis due to their strategy's proven effectiveness. This approach not only yields measurable, scalable results but also seamlessly integrates with your existing operations, ensuring long-term sustainability without the need for changes in your team or technology. LinkedIn Link: https://www.linkedin.com/company/mainlineventures/ Website: https://mainline-ventures.com/

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various topics in the energy and oil industry, including Shell's divestment from South African assets, oil majors' roles in the energy transition, and the implications of fracking and renewable energy policies. They highlight the complexity of maintaining profitability across different oil sectors and discuss how companies like Trafigura and Saudi Aramco are vying for control in these areas. Additionally, they touch on geopolitical issues, security concerns in the oil field, and the evolving policies surrounding natural gas and renewable energy in the U.S. and Europe.Highlights of the Podcast00:00 - Intro01:31 - Oil Majors and Traders Vye for Shell's South African Assets04:13 - It's Spreading: America's Top Oil Field Terrorized By Armed Venezuelan Gangs09:05 - An ESG Backlash Erupts in Europe on World's Strictest Rules11:15 - The Golden state of California is turning Brown without continuous electricity14:14 - In Germany, The Green Energy Transition Is Only Getting Worse16:35 - 2024 Election Debate Impact on Energy – Michael and Stu cover the top issues of the debate with special guest Rey ‘RT' Trevino18:39 - Kamala Harris' Position on Fracking (Clip)19:22 - R.T. Trevino's Initial Reaction21:01 - Stuart Turley's Response to Kamala's Statements22:28 - Michael Tanner's Analysis of Fracking and Foreign Oil23:24 - Biden Administration's Energy Policies26:01 - Inflation and Oil Production Under Biden34:16 - Security Concerns in Oil Fields35:00 - Final Thoughts on the Debate 34:46 - Layoffs Loom as Volkswagen Fights for Survival36:35 - OutroPlease see the links below or articles that we discuss in the podcast.Oil Majors and Traders Vye for Shell's South African AssetsIt's Spreading: America's Top Oil Field Terrorized By Armed Venezuelan GangsAn ESG Backlash Erupts in Europe on World's Strictest RulesThe Golden state of California is turning Brown without continuous electricityIn Germany, The Green Energy Transition Is Only Getting WorseLayoffs Loom as Volkswagen Fights for SurvivalFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

This week, we're revisiting an episode from last year. For decades, the global centre for oil trading has been Geneva, Switzerland. But Russia's war in Ukraine changed that. Sanctions have made it harder for western traders to move Russian oil. Now, traders are flocking to a new trading hub that has no restrictions on oil from Russia: the United Arab Emirates. The FT's Tom Wilson explains how this shift has helped the UAE replace Switzerland, and whether the global energy industry is shifting away from western economies. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How Dubai became ‘the new Geneva' for Russian oil tradeSwitzerland questions oil trader over sidestep of Russian sanctionsLetter: Energy trading is opaque — and that suits Big Oil- - - - - - - - - - - - - - - - - - - - - - - - - - Register now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festival- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Tom Wilson (@thomas_m_wilson) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read the transcript of this episode which was first aired in August 2023 Hosted on Acast. See acast.com/privacy for more information.

*This video was recorded prior to Peter departing on his backpacking trip in July. Guyana is a country we don't hear about too often, but its rise as an oil producer has earned it some air time. In particular, we'll be looking at the implications this carries for global oil markets. Full Newsletter: https://mailchi.mp/zeihan/a-new-player-in-global-oil-markets-guyana

Global oil benchmarks Brent crude and West Texas Intermediate surged this Wednesday on the news that Hamas's political leader Ismail Haniyeh had been killed by a suspected Israeli strike in Iran. Fears over a regional escalation of the Israel-Hamas war are fuelling concerns over production and distribution of oil in a region that produces about a third of global supply. Also in this edition, we look ahead to the US Federal Reserve's next decision on interest rates.

For decades, countries in the Middle East have dominated the oil market, pumping large quantities of the world's supply. Along with that has come a pattern: when there's conflict in the region, oil prices rise. The pattern seems to be breaking though, mainly because of one thing: US shale. The FT's Myles McCormick explains how production in the country shifted oil's epicentre away from the Middle East, and how long that may last. Clips from Al Jazeera, CBS, CNN- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How US shale keeps sheltering America from the next oil price surgeOn markets and geopolitics, it is a mistake to forget about shaleWhy oil prices remain steady even as Middle East tensions escalate- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Myles McCormick (@mylesmccormick_) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

When do you think we'll run out of oil?2050? 2100? Never? That's understandable given the IPCC models access to oil until 2100; politicians like Rishi are betting big on North Sea deposits. Petroleum is the life blood of our global economy, and it's difficult to imagine it drying up. More often, when we talk about transitioning away from fossil fuels, it's because of the necessity to limit global warming—not because we run out.But a team in Scotland are warning exactly that—we're running out. Fast. Alister Hamilton is a researcher at the University of Edinburgh and the founder of Zero Emission Scotland. He and his colleagues self-funded research into oil depletion around the world and the results are shocking: We will lose access to oil around the world in the 2030s. They calculated this by establishing the Energy Return On Investment (EROI) and found that whilst there will still be oil deposits around the world, we would use more energy accessing the oil supply than we would ever get from burning it. This is because we're having to mine further into the earth's crust to access lower-grade oil. According to their calculations, the oil in the North Sea will be inaccessible—in a dead state—by 2031, and the oil in Norway by 2032. Around the world, oil reserves see the same trend through the 2030s.Petroleum is the life blood, and we haven't yet built out a different circulatory system to support renewable energy—in less than a decade, the world as know it could crash. © Rachel DonaldPlanet: Critical is 100% independent and community-powered. If you value it, and have the means, become a paid subscriber today! Get full access to Planet: Critical at www.planetcritical.com/subscribe

An industry underpinning millions of jobs and large slice of America's GDP, the future of oil and energy are pivotal issues on the domestic and international agenda. At the recent gathering of the futures industry in Boca Raton, Florida, former U.S. Senator Kelly Loeffler and Mike Sommers, CEO of the American Petroleum Institute, sat down to discuss a wide range of topics related to production, refinement, and consumption, and the sector's vital impact on the U.S. economy, now and in the future. https://www.ice.com/insights/conversations/inside-the-ice-house

Media coverage has depicted Turkey's nationwide local elections on Sunday as a major blow for President Recep Tayyip Erdoğan and his ruling Justice and Development Party. How significant is this political defeat, and what does it augur both for Turkish and Middle East politics? In this episode, Jacob Heilbrunn speaks with Greg Priddy, a Senior Fellow for the Middle East at the Center for the National Interest. Priddy consults for corporate and financial clients on political risk in the region and previously served as Director for Global Oil at Eurasia Group.Music by Aleksey Chistilin from Pixabay

As the U.S. announces plans to build a humanitarian aid port in Gaza, a confrontation now brews between the Biden administration and the Netanyahu government over Palestinian refugees. Can President Biden forestall an Israeli military offensive into the border city of Rafah? In this episode, Jacob Heilbrunn speaks with Greg Priddy, a Senior Fellow for the Middle East at the Center for the National Interest. Priddy previously served as Director for Global Oil at Eurasia Group. His recent piece “Joe Biden's Gaza Port Initiative Can't Hide U.S.-Israel Discord” appears in The National Interest.Music by Aleksey Chistilin from Pixabay

World oil demand is slowing, non-OPEC supply remains strong and OPEC is likely to follow through on planned cuts. Here's how investors can understand this precarious balance.----- Transcript -----Welcome to Thoughts on the Market. I'm Martjin Rats, Morgan Stanley's Global Commodity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll discuss the 2024 Global Outlook for oil. It's Wednesday, the 10th of January at 2 p.m. in London. Around six months ago, oil market forecasters widely forecasted a tight second half for 2023 with considerable inventory draws. This expectation was partially driven by two factors. One, OPEC cuts, and in particular the additional voluntary cut of about 1 million barrels a day announced by Saudi Arabia back in June that took the country's production to 9 million barrels a day, about 10% lower than the average of the first half of 2023. The second factor was a positive view on demand, which had mostly surprised to the upside in the first half of 2023. The market indeed tightened in the third quarter and inventories drew sharply at the time. As a result, Dated Brant rallied and briefly reached $98 a barrel in late September. However, this was not to last in the fourth quarter. Demand disappointed, growth and non-OPEC supply remained relentless and inventories built again. Needless to say, these trends have been reflected in prices. Not only did spot prices decline, Dated Brant fell to about $74 a barrel in mid-December, but a number of other indicators, such as calendar spreads for example, signaled a broad weakening of the oil complex. Looking ahead, we expect a relatively precarious balance in 2024. Demand growth is set to slow as the post-Covid recovery tailwinds have largely run out of steam by now. Despite low investment in production capacity in recent years, the growth in non-OPEC supply is set to remain strong in 2024 and probably also in 2025, enough to meet all global demand growth. Naturally, this limits the room in the oil market for OPEC oil. When OPEC cuts production in response, as it has recently been doing, this puts downward pressure on its market share and upward pressure on its spare capacity. History warns of such periods. On several occasions when non-OPEC supply growth outpaced global demand, eventually, a period of lower prices was needed to reverse that balance. However, we argue that is not quite what lies ahead for 2024. OPEC cohesion has been robust in recent years and will likely continue this year. We expect the production cuts agreed to in late November 2023 to eventually be extended through all of 2024, and we don't exclude a further deepening of those cuts either. This would limit the pace of inventory builds in 2024, but probably not prevent them. In our base case projections, we still see inventories built modestly at a rate of about a few hundred thousand barrels a day this year, and our initial 2025 estimates also imply a modest oversupply next year. As a result, we see lower oil prices ahead, but again, not a large difference. We estimate Dated Brant will remain close to $80 a barrel in the first half of 2024, but may gradually decline towards the end of the year, trading in the low to mid $70s in 2025. That may also support our economists' call for inflation to moderate further this year. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

Donate (no account necessary) | Subscribe (account required) In this episode, Bryan Dean Wright delves into the volatile global oil markets and their impact on consumers, China's declining birthrate and potential political consequences, and the growing draft evasion among Ukrainian men. The episode also addresses intriguing listener queries on conspiracy theories and Israel's nuclear capabilities. Wright's insights bring a unique perspective to these pressing global issues, emphasizing their interconnectedness with American interests.

Last Call examines whether the global race to pump oil is having harmful effects on investors.

- Milestone: U.S. EV Sales Top 1 Million - EVs Reducing Global Oil Demand - U.S. Mining Tied Up in Red Tape - GM Wants Workers Back in The Office - Lamborghini Adopts 4-Day Workweek - NIO Spins Off Battery Business - Bosch Using Generative AI in Manufacturing - VW Adds Bi-Directional Charging - Daimler Using Bus Batteries for Energy Storage

- Milestone: U.S. EV Sales Top 1 Million - EVs Reducing Global Oil Demand - U.S. Mining Tied Up in Red Tape - GM Wants Workers Back in The Office - Lamborghini Adopts 4-Day Workweek - NIO Spins Off Battery Business - Bosch Using Generative AI in Manufacturing - VW Adds Bi-Directional Charging - Daimler Using Bus Batteries for Energy StorageThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3270299/advertisement

Are you ready to unravel the intricacies of the global oil market? Our guest for this episode, oil analyst Rory Johnston, guides us on a fascinating journey through the volatile world of oil prices and the implications of international politics on it. From the recent price surge, potential sanctions on Iran, to the possible easing of limitations on Venezuela, you'll get a front-row seat to the rollercoaster ride that is the oil market.We're also serving up a comprehensive analysis of oil market dynamics against the backdrop of major global events and economies. Uncover how the Israel-Hamas conflict has a bullish effect on the oil market and why China's strong demand for oil persists despite mixed economic signals. Plus, we're lifting the veil on the U.S Strategic Petroleum Reserve and its potential to offset a price spike.But that's not all. We're diving deep into the realm of refining, with an emphasis on crack spreads. Rory unravels the current gasoline oversupply phenomenon and the vital role of China's independent refineries in the market. Lastly, we're turning our attention to Venezuela and Iran, examining the potential benefits of a sanction reduction deal with Washington and the impact of tighter sanctions on Iran. Join us, and be enlightened on the complex interplay between geopolitics and the oil industry.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at https://theleadlag.report/leadlaglive and get 30% off as a podcast listener.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

Episode 3102: Gaza Braces For Ground Invasion; New Global Oil Market

Max Pearson presents a collection of this week's Witness History episodes from the BBC World Service. To mark 50 years since the global oil crisis, we're focusing on oil - from discovery to disaster. We hear from Dr Fadhil Chalabi, then the deputy secretary general of Opec (Organisation of the Petroleum Exporting Countries) about what happened during the 1973 crisis. Our guest Helen Thompson, Professor of Political Economy at Cambridge University, explains why oil became the lifeblood of industrial economies during the last two centuries. We also learn how Kazakhstan signed ‘the deal of the century' to become a fossil fuel powerhouse thanks to the Tengiz Oil Field. Plus, why in 1956, not everyone welcomed the discovery of oil in the Nigerian village of Oloibiri. We find out more about the devastating impact of one of the world's largest oil spills - when the Amoco Cadiz tanker ran aground off the coast of France in 1978. The wreck released more than 220,000 tonnes of crude oil into the sea. And finally, how an indigenous community in the Ecuadorian Amazon fought a court battle to protect their land from oil drilling – and won. Contributors: Dr Fadhil Chalabi – former deputy secretary general of Opec Professor Helen Thompson - Professor of Political Economy at Cambridge University Bruce Pannier - Central Asia news correspondent Chief Sunday Inengite – chief of Oloibiri, Nigeria Marguerite Lamour – former secretary to Alphonse Arzel, the mayor of Ploudalmézeau in France Jose Gualing - former Sarayaku president Ena Santi - Sarayaku community leader (Photo: Oil rig. Credit: Fairfax Media via Getty Images via Getty Images)

For decades, the global centre for oil trading has been Geneva, Switzerland. But Russia's war in Ukraine changed that. Sanctions have made it harder for western traders to move Russian oil. Now, traders are flocking to a new trading hub that has no restrictions on oil from Russia: the United Arab Emirates. The FT's energy correspondent Tom Wilson explains how this shift has helped the UAE replace Switzerland, and whether the global energy industry is shifting away from western economies. Plus, do you have your own burning questions about business or finance? Send us your questions and we may use them in a future show. Record a voice message here and we may even play it on the show: https://sayhi.chat/rmc2b Or, email Michela at michela.tindera@ft.com, or message her on Twitter at @mtindera07Update: A new version of this episode was uploaded on August 9, 2023 to correct that Fujairah is roughly an hour's drive east from Dubai, not west.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How Dubai became ‘the new Geneva' for Russian oil tradeSwitzerland questions oil trader over sidestep of Russian sanctionsLetter: Energy trading is opaque — and that suits Big OilSwitzerland/Paramount: block loopholes which swerve oil sanctions- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Tom Wilson (@thomas_m_wilson) and Michela Tindera (@mtindera07)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

While high oil prices at the end of last year drove down demand and freed up supply, this year many expect the market to tighten again. So why hasn't it tightened yet?----- Transcript -----Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan Stanley's Global Commodity Strategist. Along with my colleagues, bringing you a variety of perspectives, today I'll discuss the outlook for the global oil market for the rest of 2023. It is Wednesday, June 21st at 3 p.m. in London. Last year saw severe tightness in most commodity markets. Demand still benefited from the post-COVID recovery, and supply was disrupted by the war in Ukraine. In many markets, prices had to rise to a level where demand destruction occurred. In the oil markets, that led Brent crude oil to rise to $130 a barrel, gasoline to $180 and diesel $190 a barrel. Those prices clearly did the trick. In response, the global economy slowed down and oil demand softened towards year end, resulting in a slight oversupply at market earlier this year. In recent months, however, the main narrative in the oil market has been a one of re-tightening into the second half. The market was clearly in surplus in the first quarter, but was widely expected to tighten again by the second half due to a combination of China reopening, continued recovery in aviation and downside risk to supply from Russia. Those factors should see the market balance in the second quarter and reenter a meaningful deficit in the third and fourth quarter, driving prices higher. In fact, that was also our expectation at the start orrf the year. However, if this was indeed to play out, we should see it by now. Given we are currently in June, the most actively traded Brent contract is the one for August delivery. North Sea oil delivered in August will typically arrive at a refinery around about September, with end products made from that crude oil such as gasoline, diesel and jet typically delivered to end customers by October. Therefore, the oil market is already trading the anticipated supply-demand balance deep into the second half. Yet the expected tightness has not yet emerged. This is not due to China's reopening, which has boosted oil demand broadly as expected. Already in March, Chinese refinery runs and its crude oil imports reached all time highs again. The recovery in aviation, and with that jet fuel consumption, is also broadly playing out as expected. Instead, most reasons for the weaker than expected oil market balance lie on the supply side. For starters, Russian exports have been remarkably resilient. The EU sanctions on the imports of Russian oil were widely expected to result in lower oil production from the country, but this has not materialized. On top, oil production from other non-OPEC countries have surprised to the upside. Notwithstanding low investment levels over the last few years, oil production has grown in a wide variety of countries, including the United States, but also Brazil, Canada, Argentina, Guyana, Colombia, Mexico, Oman and even China. As a result, oil production from non-OPEC countries has started to grow faster than global oil demand once again. When that is the case, the balance in the oil market can only be maintained if OPEC cuts production. And that is indeed what the producers group has been doing. OPEC already announced a production cut back in October of last year, and then again in April of this year, and again earlier this month. However, in doing so, OPEC loses market share to non-OPEC producers and it builds up spare capacity, both factors that typically end up weighing on oil markets. We still foresee a small deficit in the oil market in the third and the fourth quarter, but this is mostly a function of seasonality in demand and OPEC cuts. Those factors are not inherently bullish. If second half tightening does not play out, then market participants may need to consider what lies just beyond that. Our balances for early 2024 do not look so tight. Next year, demand will no longer be supported by another year of China reopening and aviation growth. There will still be supply growth in several non-OPEC countries, and seasonality, which is currently a tailwind, will turn into a headwind. There is still likely a period ahead when global GDP growth re-accelerates and the impact of little investment in new production capacity should start to bite. However, the cyclical and the structural outlook do not always align. Over the next six months, we see oil prices broadly stable at about $75 to $80 a barrel for Brent. What market participants find right in front of them is neutral rather than constructive. Thanks for listening. If you enjoyed the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

As oil data in 2023 shows that second-half tightening is less likely, it may be time to alter the narrative around the expected market for the remainder of the year.Important note regarding economic sanctions. This recording references country/ies which are generally the subject of selective sanctions programs administered or enforced by the U.S. Department of the Treasury's Office of Foreign Assets Control (“OFAC”), the European Union and/or by other countries and multi-national bodies. Any references in this recording to entities, debt or equity instruments, projects or persons that may be covered by such sanctions are strictly incidental to general coverage of the issuing entity/sector as germane to its overall financial outlook, and should not be read as recommending or advising as to any investment activities in relation to such entities, instruments or projects. Users of this recording are solely responsible for ensuring that their investment activities in relation to any sanctioned country/ies are carried out in compliance with applicable sanctions.----- Transcription -----Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan Stanley's Global Commodity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll discuss how the 2023 global oil market story is changing. It's Tuesday, May the 9th at 4 p.m. in London. Over the last several months, the dominant narrative in the oil market was one of expected tightening in the second half. Although supply outstripped demand in the first quarter, the assumption was that the market would start to tighten from the second quarter onwards and be in deficit once again by the second half, which would lead to a rise in price. At the start of the year, this was also our thesis for how 2023 would play out. However, as of early May, it seems this narrative needs to change. The expectation of second half tightness was largely based on two key assumptions. One, that China's reopening would boost demand, and two, the Russian oil production would start to decline. By now, however, it seems that these assumptions have run their course and are in fact behind us. On China, both the country's crude imports and its refinery runs were already back at all time highs in March, leaving little room for further improvement. On Russia, oil production has fallen from recent peaks, but probably only about 400,000 barrels a day. From here, we would argue that it's becoming increasingly unlikely it will fall much further. The EU's crude and product embargoes have been in place for some time now. Russian oil that flows now will probably continue to flow. That raises the question whether the second half tightening thesis can still be sustained. After OPEC announced production cuts at the start of April, we argued that OPEC was mostly responding to a weakening in the supply demand outlook. Perhaps counterintuitive, but we lowered oil price forecasts already significantly at the time those cuts were announced. Still, with those cuts, we thought that the second half balances would be about 600,000 barrels per day undersupplied, and that that would be enough to keep Brent in the mid-to-upper $80 per barrel range. New data from this past month, however, has further chiseled away at this deficit, which we now project at just 300,000 barrels a day. This is in effect getting very close to a balanced market, and that limits upside to oil prices, at least in the near term. Even this modest undersupply now mostly depends on seasonality in demand and OPEC production cuts. However, when the second half arrives, oil prices will start to reflect expected balances for early 2024. In the first half of '24, seasonality may turn the other way and OPEC production cuts are scheduled to come to an end. Our initial estimate of 2024 balances showed the market in a small surplus, especially in the first half. Looking beyond the next 12 months, oil prices still have long term supportive factors. Demand is likely to continue to grow over the rest of the decade, while investment levels have been low for some time now. However, the structural and the cyclical don't always align, and this is one of those moments. The second half tightness thesis does not appear to be playing out, and we don't see much tightness in the period just beyond that either. We expect Brent oil prices to stay in their recent $75 to $85 per barrel range, probably skewed towards the bottom end of that range later this year when the market enters a period of seasonal softness again and OPEC's voluntary cuts come to an end. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

What's happening in Guyana isn't just happening there. All over the globe, oil companies are racing to tap as many of the remaining fossil fuel reserves as they can. This week, we're joined by Rolling Stone reporter Jeff Goodell for a story about what the global oil rush looks like in another part of the world: Namibia. Read Jeff's story: https://www.rollingstone.com/politics/politics-features/oil-drilling-africa-destroy-wild-land-namibia-recon-investors-1234697088/ Learn more about your ad choices. Visit megaphone.fm/adchoices

0:00 Intro 2:18 FAA 18:15 Davos WEF 20:08 Russia 26:15 OPERATION SANDMAN 51:10 Brian Festa   - Saudi Arabia declares willing to trade oil in currencies other than the dollar - Operation Sandman has begun, and the dominoes will now begin to fall - US dollar will head down path of hyper-devaluation as dollars flood back to the USA - Those people left holding dollars instead of real assets will be wiped out - Was the FAA subjected to a ransomware cyber attack that grounded all flights? - The incompetent, illegitimate Biden regime can't protect America's infrastructure - China already has a MAP of all cyber vulnerabilities across US infrastructure - Russia preparing for major offensive against Ukraine and NATO targets - Russia confirms it is facing an existential threat; will likely target NATO bases - WEF leaders and attendees were likely told they might be targeted by missiles - China set to coordinate cyber attacks with Russia's kinetic attacks - The era of western dominance over the world is coming to an end - Russia to boost standing army to 1.5 million troops - mobilization under way - Western nations begin sending tanks to Ukraine - Ukraine cannot effectively deploy COMBINED ARMS, so the tanks hardly matter - The world of low cost consumer goods is OVER - global supply chains will crater For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com

With an eventful year for the oil market behind us, what are the factors that might influence the supply, demand, and ultimately the pricing of oil and gas in 2023?----- Transcript -----Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan Stanley's Global Commodity Strategist. Along with my colleagues, bringing you a variety of perspectives, today I'll discuss some of the key uncertainties that the global oil market will likely face in 2023. It's Monday, January 9th at 3 p.m. in London. Looking back, 2022 was an eventful year for the oil market. The post-COVID demand recovery of 2021 continued during the first half and by June demand was back to 2019 levels. For a brief period the demand recovery appeared complete. Over the same period non-OPEC supply growth mostly disappointed, OPEC's spare capacity declined and inventories drew. Which eventually meant that oil markets had to start searching for the price level where demand destruction kicked in. Eventually, this forced prices of key oil products such as gasoline and diesel, to record levels of around $180-$290 a barrel in June. Clearly, those prices did the trick. Together with new mobility restrictions in China, aggressive rate hikes by central banks and rising risk of recession, particularly in Europe, they effectively stalled the oil demand recovery. And by September, global oil demand was once again below September 2019 levels. By late 2022, brent prices that retraced much of their earlier gains and other indicators, such as time spreads and refining margins, had softened too. Now, looking into 2023 we don't see this changing soon. Counting barrels of supply and demand suggest that the first quarter will still be modestly oversupplied. Also, declining GDP expectations, falling PMIs and central bank tightening are still weighing heavily on the oil market today. Eventually, however, we see a more constructive outlook emerging, say from the spring onwards. First, we expect to see a recovery in aviation. Global jet fuel consumption is still well below 2019 levels, and we think that a substantial share of that demand will return this year. Another key development will be China's reopening. At the end of 2022 China's oil demand was still well below 2020 and 2021 levels, held back by lockdowns and mobility restrictions. We expect China's oil demand to start recovering after the first quarter of this year. Shifting over to Europe and the EU embargo on Russian oil, as of last November, the EU still imported 2.2 million barrels a day of Russian crude oil and oil products. Now, especially after the EU's embargo on the import of oil product kicks in, which will be on February 5th, Russia will need to find other buyers and the EU will need to find other suppliers for much of this oil. Now, some of this has already been happening, but the full rearrangement of oil flows around the world as a result of this issue will probably not be full, smooth, fast and without price impact. As a result, we expect that some Russian oil will be lost in the process and Russian oil production is likely to decline in coming months. In the U.S., capital discipline and supply chain bottlenecks have already held back the growth in U.S. shale production. However, well performance and drilling inventory depth are emerging additional concerns putting further downward pressure on the production outlook. Eventually, the slowdown in U.S. shale will put OPEC in the driver's seat of the oil market. Also last year saw an unprecedented release of oil from the U.S. Strategic Petroleum Reserve. But this source of supply is now ended and the U.S. Energy Department will likely start buying back some of this oil in coming months. Finally, investment in new oil and gas production is rebounding, but it comes from a very low base and the recovery has so far been modest. Much of it is simply to absorb cost inflation that has also happened in the industry. In other words, the industry isn't investing heavily in new oil production, which has implications for the longer term outlook for oil supply. Eventually, we think these factors will combine in a set of tailwinds for oil prices. If we are wrong on those, the market would be left with the status quo, which would be neutral. But we believe that these risks will eventually skew positively later in 2023. We expect the oil market to return to balance in the second quarter, and be undersupplied in the second half of this year. With a limited supply buffer only, we think brent will return to over $100 a barrel by the middle of the year. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.