Podcasts about opec plus

Autofahren ist gerade echt bezahlbar, weil Diesel und Benzin nicht so teuer sind. Host Niels Walker holt auf dem Weg Kollegin Astrid Kühn aus der NDR Info-Wirtschaftsredaktion ab, und die beiden besprechen auf einer Spritztour zur Arbeit, woran es liegt, dass das Öl so günstig ist und vor allem warum die Preise an Feiertagen nicht mehr so stark steigen, wie früher. Achja, und lalülala gibt es auch noch LINKS: Pressemitteilung von DAT: https://www.dat.de/news/gebrauchtwagenmarkt-im-mai-2025/

The ⁠Federal Motor Carrier Safety Administration (FMCSA) has revealed plans to cut its workforce by approximately 7%⁠, eliminating 89 full-time and part-time positions primarily at its headquarters, while simultaneously requesting a slight increase in funding, bringing its total budget to over $1 billion for the next fiscal year.  The ⁠DOE benchmark diesel price has fallen to a milestone low⁠, reaching its lowest point since September 2021, with the average weekly retail price now at $3.45 a gallon, marking a decline over seven of the past eight weeks. Despite this trend, futures prices moved up even after news that OPEC Plus would increase output, indicating a continued unwinding of their 2023 production cuts.  Furthermore, the ⁠labor dispute involving Canada Post continues to intensify⁠ after the state-owned corporation rejected a proposal for binding arbitration from the Canadian Union of Postal Workers (CUPW). This rejection prolongs uncertainty following the union's refusal to work overtime since May 23rd, which has already caused delivery slowdowns and a significant drop in Canada Post's parcel volumes, pushing e-commerce retailers to alternative carriers.  Looking ahead, FreightWaves is hosting several key events, including the ⁠Enterprise Fleet Summit on July 23rd⁠. Additionally, the ⁠Supply Chain AI Symposium is scheduled for July 30th⁠ in Washington D.C., with opportunities for interested speakers. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Motor Carrier Safety Administration (FMCSA) has revealed plans to cut its workforce by approximately 7%, eliminating 89 full-time and part-time positions primarily at its headquarters, while simultaneously requesting a slight increase in funding, bringing its total budget to over $1 billion for the next fiscal year.  The DOE benchmark diesel price has fallen to a milestone low, reaching its lowest point since September 2021, with the average weekly retail price now at $3.45 a gallon, marking a decline over seven of the past eight weeks. Despite this trend, futures prices moved up even after news that OPEC Plus would increase output, indicating a continued unwinding of their 2023 production cuts.  Furthermore, the labor dispute involving Canada Post continues to intensify after the state-owned corporation rejected a proposal for binding arbitration from the Canadian Union of Postal Workers (CUPW). This rejection prolongs uncertainty following the union's refusal to work overtime since May 23rd, which has already caused delivery slowdowns and a significant drop in Canada Post's parcel volumes, pushing e-commerce retailers to alternative carriers.  Looking ahead, FreightWaves is hosting several key events, including the Enterprise Fleet Summit on July 23rd. Additionally, the Supply Chain AI Symposium is scheduled for July 30th in Washington D.C., with opportunities for interested speakers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Die USA und China haben in Genf einen ersten Kompromiss im Zollkonflikt erzielt – doch von einer umfassenden Einigung ist man noch entfernt. Für 90 Tage gilt ein Zwischenstatus mit reduzierten Zollsätzen. Was das für Europa bedeutet, das sich nun ebenfalls auf Verhandlungen einstellen muss, ist noch offen. Auch die US-Notenbank hat zuletzt nicht an der Zinsschraube gedreht. Wie sehr haben sich die Erwartungen an künftige Zinsschritte bereits verschoben? Und warum tendierte der Dollar zuletzt deutlich fester? Deutschland überrascht mit starken Zahlen zur Industrieproduktion und zum Export. Doch sind das wirklich nachhaltige Signale oder nur Vorzieheffekte im Vorfeld der angekündigten Zölle? Und wie sehr belasten neue Grenzkontrollen mit Polen die Wirtschaft? Zudem im Fokus: die Lage am Ölmarkt nach Produktionsausweitungen der OPEC Plus. Was bedeutet das für die Inflation – und für das globale Wachstum in der zweiten Jahreshälfte? Diese Themen diskutieren Sebastian Neckel und Dr. Ulrich Stephan in der aktuellen Folge von results. MärkteAktuell. (Aufnahmedatum: 12. Mai 2025 um 14:30h)

Back in the 1970's there was a very popular graphic of a Lincoln US one cent coin. The original coin on the back has the words engraved “In God we Trust”. The coin had been altered to say, in Oil we trust. At the time, that meme rang true as people were lining up at gas stations around the block and oil prices spiked. The economic turmoil of those days was the result of the OPEC oil embargo. Global trade was disrupted and a new word was coined. The economists rule book was broken and we had simultaneous price inflation and economic contraction. The term stagflation was born and remains as a textbook condition which can happen whenever there is an artificial constraint on economic activity.  On Thursday, one day after President Trump's liberation day, OPEC Plus came out with their production targets for the next few months. The timing is coincidental. No doubt it appears that President Trump is going to get his wish for lower oil prices. Oil prices have dropped by 10% in 2 days.So now with the spectre of reciprocal tariffs, economic slowdown, and falling prices at the gasoline pump, some people are cheering that it will cost less to fill the tank in your car. But if you are a shale oil producer, you probably have a flashback to 2014 when OPEC killed the US Shale industry by dropping the world price of oil to below the economic break-even for shale oil production. I believe that the spike in oil production at a time of declining demand is a deliberate move to crash prices and crater the US oil industry. This was not just an action aimed at Iraq. This is one of those times when it is difficult to make sense out of what is happening in global markets. Quite frankly, some of it makes no sense.------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Recorded on December 5, 2024 and November 11, 2024 https://www.youtube.com/watch?v=1MBxiCkwpxQ Episode 121 of the PetroNerds podcast is another PetroNerds special, recorded on November 11th, 2024, with Chris Wright at Liberty Energy's office in Denver, Colorado. This is right after the election victory of Donald Trump's second term and days before Chris Wright is officially named Trump's pick for US Energy Secretary. Jason Isaac, the President of the American Energy Institute, hosts and moderates a panel discussion with Chris Wright and Trisha Curtis, the CEO of PetroNerds and Economist for the American Energy Institute. Trisha Curtis opens this podcast with a jam-packed intro covering oil price moves, the OPEC Plus cut extension, France's political chaos, and what Trump means for US energy and global energy. She tries to clarify the opportunity and leverage and levers this new Administration has on energy, from sanctions on Iran to refilling the SPR to lifting the "pause" on permits for new LNG exports. In the panel discussion, Chris Wright talks about energy sobriety and the importance of energy knowledge, energy policy, and energy security. When speaking about President-elect Trump and energy, Chris said, "He intuitively gets it… Energy is not a sector of the economy; it is the sector of the economy that enables everything else we do. If we get energy wrong, nothing else matters." He talks about bad energy policies that do not help the environment and hurt people's lives. Trisha Curtis talks about the difference between Biden and Trump, the complete change that will be seen in energy and broader policies, high energy prices and lots of regulations under Biden, and the night-and-day policy switch with Trump and the current market euphoria. She gets into the delta between what you are charged for natural gas by utility companies and the actual price of natural gas, a gap of about $20, and she talks about adding more natural gas into the electricity pool, stemming the decommissioning of coal, lowering US electric bills, building out more natural gas infrastructure in the US, and exporting more natural gas. Chris Wright gets into Trisha's favorite subjects, China, manufacturing, and coal! Chris talks about building infrastructure in the US for manufacturing and industry and consuming more domestic energy for manufacturing. "We could produce 20 percent more in natural gas." Trisha talks about China and tariff exposure to China and what Trump intends to do. Trisha and Chris talk about Germany and China and the bad policies in Germany, energy and otherwise. Jason Isaac brings up the high standards of US air quality. Chris talks about growing up in Denver and the improvement in air quality. Jason asks Trisha to talk about economics and tariffs, and Trisha gets into China and tariffs and explains the need for hawkishness on China and the need for tariffs with a foreign adversary. She gets into Iran and their crude exports to China as well as the cheap China goods coming into the US and the need to make these goods in the US. Trisha comments on "decoupling" with China and the need to be more hawkish and more educated on China. Chris says, "Everything you hold dear relies on energy," and he says we are definitely going to see a shift toward affordable and secure energy and the need to address the grid and affordable power. "Trajectory and dialogue" first, then the reality will come later. In the question and answer session, an attendee asks about EPA rules and the ability for the EPA to unwind or roll some of those rules back. Chris Wright explains that this will take some time and this will be tricky, but rolling back some regulations and bold actions for energy sobriety will probably be implemented. Trisha Curtis added to that answer by talking about Trump pulling out of the Paris Climate Accords and the dramatic shifts in what the EPA will be doing and pushing.

Today's Post - https://bahnsen.co/3X5cdHS Market Movements and Consumer Behavior Insights - The Monday Dividend Cafe In this episode of the Dividend Cafe, David provides a detailed commentary on recent market activities, including significant volatility with a nearly 500-point swing in the Dow. Major sectors are discussed, with technology and healthcare leading gains while energy experiences a sharp decline. Insights into OPEC Plus decisions on production cuts and the impact on oil prices are covered. The narrative also dives into consumer spending habits, the influence of media on market perceptions, and considerations on housing affordability linked to mortgage rates. The episode concludes with highlights on economic indicators, including the performance of utilities, cell phone usage as a proxy for economic activity, and anticipated shifts in Federal Reserve policy on interest rates. 00:00 Introduction to Dividend Cafe 00:15 Market Recap: A Volatile Day 00:54 Sector Performance Highlights 01:20 Energy Sector and OPEC+ Update 08:43 Consumer Behavior Insights 11:55 Economic Indicators and Analysis 18:14 Against Doomsdayism: The Speed of Bad News 19:42 Conclusion and Upcoming Reports Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

ASX 200 jumps 59 points to 7761(0.8%) as US gives a positive start to the week. Banks as usual leading the charge higher, the Big Bank Basket up to $210.96 (). WBC jumping 2.5%. MQG is up slightly with insurers doing well, QBE is up 2.6%, and SUN rallied 1.3%. REITs strong too, GMG up 1.9% and SGP up 1.8%. Industrials mixed, REA and CAR eased, WES up 0.8% and COL doing well, utilities also in demand, ORG up 1.2% and APA up 1.2%. Tech slipped WTC down 1.3% and the All -Tech Index down 0.3%. Healthcare mixed, PME up 0.9% and RMD slipping 0.8%. In resources, BHP moved another 0.7% higher, despite iron ore falling to a six-week low, PLS and the lithium players modestly better, IGO up 2.2% and LTR up 2.3%. Gold miners on the nose again, EVN down 1.0% and NST off 0.7%. Oil and gas stocks slightly firmer on OPEC Plus news. In corporate news, IMM raising $100m and signing up Merck with a new drug. LOV dropped 10.4% on the CEO succession plan, VUL tapped Gina for some more money, up 7.2%, APM agreed to a scheme from Madison Dearborn and RPL bought Merricks Capital for $235m. In economic news, China's manufacturing activity expanded at the fastest rate in almost two years in May. Asian markets jumped Japan up 1.2% with HK up 2.3% and China unchanged. 10-year yields 4.37%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

Recorded on April 18, 2024 https://www.youtube.com/watch?v=9sa4TS6Vxhc Episode 106 of the PetroNerds podcast is your complete market update and round the world tour on what is happening in the oil market, energy, the global economy, and geopolitics. Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, takes listeners from natural gas prices in the US to the Middle East and back again. This podcast dives into the drivers for oil prices, the war in the Middle East and the Iranian strikes on Israel, Russia's energy infrastructure targeting in Ukraine, OPEC spare capacity, US production of oil and natural gas, rising US electricity prices, stubborn US inflation, and the the lack of interest rates cuts by the US Federal Reserve. This is a podcast you are going to want to relisten to and share with your friends and colleagues. In 53 minutes Trisha covers what is driving oil prices, natural gas production in the US and natural gas prices, geopolitics and war and Iran's attack on Israel on April 13th, the SPR, global spare capacity, OPEC and Russian production vs. OPEC Plus targets, US production and lower US rig count and US activity, the complexity of high oil prices and low natural gas prices in the US, the Biden Administration's stance on Iran and their unwillingness to enforce sanctions on Iran crude exports to China, electricity inflation in the US and power demand, and the impact of politics and policies on oil and gas prices in the US. Trisha gets into power generation and natural gas explaining that half of US power generation is coming from natural gas. She talks about power generation and manufacturing, EVs and Hertz and the slowdown in sales and adoption of EVs, inflation and electricity prices and the $1.74 natural gas prices NOT being passed along to consumers, and Russian attacks on Ukraine and Ukraine's energy infrastructure and power generation. She discusses the Fed, interest rates, no interest rate cuts, inflation, housing prices and mortgage rates, new home sales being down and housing prices being up, the demand for electricity and power generation by chip companies and bets on AI, the geopolitical angst within the market, and Russia, Iran, and China ties. She closes the podcast by talking about the need for market intelligence and leadership in oil and gas, not just because it is the right thing to do, but because it is also the right thing to do for your shareholders. Trisha talks about politics and policies and raising energy IQ. She talks about the differences between Biden and Trump on oil and gas prices and infrastructure, regulations, and business. Listen on Itunes

The threat of a wider Middle East war is increasing. Over the past weekend, Iran attacked Israel with missiles and drones in retaliation for Israel's suspected strike on Iran's embassy in Syria. This week, our guest, Raoul LeBlanc, Vice President, Energy, S&P Global Commodity Insights, explains why oil prices have increased over the past few months, including the impact of the growing conflict in the Middle East, OPEC+, and US shale oil growth. Jackie and Peter also asked Raoul about recent research by Prof. Robert Howarth from Cornell University. The paper, which has not yet been peer-reviewed, concludes that US LNG could be comparable to, or even worse than, coal from a GHG emissions perspective when methane leaking is considered. A BNN article reported that Howarth's paper influenced President Biden's pause on LNG approvals.  Finally, Raoul explains the drivers for US oil and gas producers' recent mergers and acquisitions (M&A) and if this trend could come to Canada. Content referenced in this podcast:  How One Scientist Influenced Biden's Pause on LNG Approvals (BNN Bloomberg, Feb 29, 2024) The Greenhouse Gas Footprint of Liquefied Natural Gas (LNG) Exported from the United States by Robert W. Howarth, Department of Ecology & Evolutionary Biology, Cornell University (version is not final and it is currently in a peer review process; original version submitted October 2023, revised version submitted March 2024) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/   Check us out on social media:  X (Twitter): @arcenergyinst LinkedIn: @ARC Energy Research Institute  Subscribe to ARC Energy Ideas Podcast Apple Podcasts Google Podcasts Amazon Music Spotify   

Today on America in the Morning   A Win & A Loss For Trump Donald Trump received some good news in one of New York's legal cases against him, but things didn't quite go his way in the other. John Stolnis has the details.     US UN Vote Angers Israel A U.N. Security Council resolution that the U.S. voted to abstain has led to the strongest public rift between the America and Israel since the Hamas war began.  Washington correspondent Sagar Meghani reports.    SCOTUS Hears Abortion Pill Case Today The US Supreme Court will be hearing a case today that could impact the abortion debate and how women can gain access to the drug mifepristone. Correspondent Jackie Quinn has a preview.    Florida's New Social Media Law Some parents in Florida are reacting with anger to a new law signed by Governor Ron DeSantis. As Sue Aller reports, all children under the age of 14 are now banned from having social media accounts, while other teens will need parental consent.     Business News  We'll be paying more at the pump, but not because of anything happening inside the United States. Nations that are part of OPEC Plus agreed to voluntary production cuts totaling over 2 million barrels per day, and Russia also announced they would be cutting their output after a Ukrainian drone attack hit a Russian refinery. Here's CNBC's Jessica Ettinger with Tuesday business.     Latest In The Riley Strain Case Police in Nashville are releasing more information in the death of college student Riley Strain. Correspondent Clayton Neville has the latest.    Going After Election Threats Justice Department officials said reports of widespread threats against state officials running the 2020 and 2022 elections have resulted in charges against roughly 20 people.        Latest On Russia-Ukraine Russian President Vladimir Putin for the first time on Monday acknowledged that last week's terror attack in Moscow that killed more than 140 people was carried out by Islamic militants, but once again attempted to point the finger of blame at Ukraine. As correspondent Charles deLedesma reports, two men charged with the deadly assault, who showed signs of a recent beating, admitted their guilt, this, as Russia for a third day sent missiles toward Ukraine's capital city.    Spring Blizzards Even though the nation turned the calendar on winter, Americans in parts of the Midwest are reacting to a springtime snowstorm.  Correspondent Clayton Neville reports at least two people were killed on impacted roadways in Minnesota.     Mountain Lion Attack One man is dead, and his brother injured when they were attacked by a mountain lion in California.  Correspondent Norman Hall reports.    CRT Lawsuit A high school teacher and two students are suing Arkansas over the state's ban on critical race theory in public schools. Correspondent Lisa Dwyer has the story.    Who Will It Be Robert F. Kennedy Jr.'s presidential campaign could make waves today as he's expected to announce his vice-presidential pick.      Claim Your Money It's tax season and we're all hoping to be getting money back from Uncle Sam when our returns are calculated. However, you could be one of hundreds of thousands of taxpayers leaving money on the table for the IRS. As correspondent Jennifer King reports, close to a billion dollars in unclaimed tax refunds from 2020 are about to expire.     Ohtani's Response Baseball's biggest star is denying any wrongdoing in a sports betting scandal involving his former interpreter. Correspondent Gethin Coolbaugh has the story.     Finally   There's trouble for rapper and music producer Sean “Diddy” Combs, as Federal agents launched raids at his homes in Los Angeles and Miami. Correspondent Jackie Quinn reports.     A high school prom will be bringing home the bacon. Kevin Carr reports that the school where the movie Footloose was filmed will have a celebrity on hand. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Podcast hosts (⁠⁠@jimiuorio⁠⁠) and Bob Iaccino (⁠⁠@Bob_Iaccino⁠⁠) are joined in their monthly technical analysis discussion with Michael Arnold (@mgarnold) of Path Trading Partners. The focus centers on the current state of the stock market, honing in on recent developments in the S&P and the narrowing leadership dynamics within tech giants such as Apple, Google, and Microsoft. The conversation revolves around critical technical levels, potential multi-leg pullbacks, and the vital importance of monitoring key support and resistance points. Harmonic patterns, moving averages, and insights into popular stocks like Tesla, Nvidia, Amazon, and Meta are explored. The discussion underscores the changing dynamics of the stock market, emphasizing the significance of secondary reactions and their potential influence on future market trends. They analyze a notable shift towards precious metals, particularly gold, providing an in-depth analysis of the metal's recent price movements while highlighting crucial support levels and potential targets. Bitcoin's recent performance takes center stage in the conversation, with a thorough examination of critical levels, targets, and potential consolidation patterns. They look into recent price actions of crude oil, OPEC Plus meetings, and the prospects of a bullish breakout in the energy sector. The episode concludes with a comprehensive technical analysis of Lyft's stock, scrutinizing charts and deliberating potential breakout levels.  This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: ⁠⁠⁠trymintmobile.com/futuresedge  ⁠⁠⁠ Produced by ⁠⁠⁠Haynow Media

Dr. Anas Alhajji, Managing Partner at Energy Outlook Advisors, discusses various topics related to the oil market and energy industry. He provides insights into the driving forces and prognosis for the oil market, highlighting factors such as geopolitical tensions and the impact of voluntary cuts by OPEC Plus. Dr. Alhajji also discusses the Houthi rebels and their impact on the Gulf of Aden, as well as the significance of the Red Sea for oil trade. He shares his views on the equities market, non-fossil fuel energy, and the trading of commodities in non-dollar currencies. The conversation concludes with a review of the European energy situation and the importance of understanding the macroeconomic factors influencing the industry. You can follow Dr. Alhajji on X at @anasalhajji His EOA newsletter for Energy Outlook Advisors can be found HERE The Daily Energy Report can be found HERE

Climate Summit Approves a New Fund to Help Poor CountriesCOP28 president Sultan al Jaber (pictured) defends his role; "The stark choice facing climate conference: A livable climate or more oil and gas?"; "Extreme weather leaves energy networks vulnerable to ‘hostile actors', Climate Statement warns"; "‘Heading towards a very unsafe world': Vanuatu's climate change minister fights to end fossil fuel projects"; "This Year Is ‘Virtually Certain' to Be Hottest in Human History, Researchers Say": "Nations Are Getting Serious About Climate Action. Just Not Serious Enough, U.N. Says."; "Climate Disasters Daily? Welcome to the ‘New Normal.'"; "COP28: How 7 policies could help save a billion lives by 2100"; "COP28 climate summit just approved a ‘loss and damage' fund. What does this mean?"; "Climate Summit Approves a New Fund to Help Poor Countries"; "Nations pledge millions to new climate damage fund at COP28, US criticized for its small contribution"; "Climate Inaction Drives Heat Wave in Southeast Asia, Report Says"; "Wildfires in the Mediterranean: EFFIS data reveal extent this summer"; "Analysis: Africa's extreme weather has killed at least 15,000 people in 2023"; "Developing countries need private sector help. They can't fight the climate crisis on their own"; "Whitmer signs climate change legislation setting 100% clean energy standard for Michigan by 2040"; "Texas Republicans Target Climate Science in Textbooks Ahead of Education Board Vote"; "Anti-ESG claim faces first legal test in New York"; "New technology installed beneath Detroit street can charge electric vehicles as they drive"; "Renewable energy and land use: barriers to just transition in the Global South – report"; "Toolkit for fighting climate false solutions"; "Position: Don't fall for the hydrogen energy hype!"; "Keeping an eye on the COP 28 negotiations"; "West Virginians Could Get Stuck Cleaning Up the Coal Industry's Messes"; "‘Kona' storm dumps exceptional rains, mountain snows on Hawaii": "This year will be Earth's hottest in human history, report confirms"; "Biden still has a long to-do list on climate action"; "U.N. chief says ‘Earth's vital signs are failing' as leaders meet at COP28"; "‘Heading towards a very unsafe world': Vanuatu's climate change minister fights to end fossil fuel projects"; "Where the World Is (and Isn't) Making Progress on Climate Change"; "Disinformation Is One of Climate Summit's Biggest Challenges"; "Clashes over fossil fuels, Gaza conflict cloud COP28 climate summit"; "‘Country of promises': Brazil's struggle to lead climate policy at COP28"; "King Charles Urges ‘Transformational Action' at COP28 Climate Summit"; "OPEC Plus cuts oil production to blunt falling oil prices"; "NY launches offshore wind solicitation as it strives to meet green goals"; "Tracking Biden's environmental actions"; "The U.S. is taking a giant step toward meeting its climate goal"; "UAE looks to burnish its climate credentials with $30 billion pledge"; "Before China's coal is even burned, its mines are warming the planet"; "This Liquefied Natural Gas Facility Is the Next Carbon Bomb"; "UAE among petrostates that risk losing half their income as fossil fuel demand drops"; "The Antarctic ozone hole is surprisingly large for December, scientists say"; "COP28: World Climate Action Summit, King Charles III and fossil fuels - the latest from Dubai"; "Drinking water restrictions introduced as northeast Spain weeks away from drought ‘emergency'"; "‘A culture of repair': Students learn to mend clothes and the planet"; "International Drought Resilience Alliance"; "Bill Gates: How I Invest My Money in a Warming World"; "Elon Musk launches Tesla's Cybertruck in a blaze of glory. But does anyone want it?"; "It's climate Christmas! But data dump shows Australia has a long way to go on emissions"; "

ASX 200 fought from early big falls to close down only 14 points to 7073 (-0.2%). Banks flat, the Big Bank Basket at $178.32 (-0.3%). MQG slid 0.8%, with other financials pulling back slightly. Insurers held in, with SUN up 0.2% and MPL up 2.0%. REITs mixed, GMG up 1.3% and VCX down 2.1%. Healthcare flat, Industrials saw some losses in staples, WOW off 1.0% and COL down 1.0%, with WES off 0.9%. Tech eased, XRO down 1.9% and WTC falling 1.0% with the All-Tech Index off 0.5%. In resources, Iron ore slightly better, BHP up 0.1% and FMG up 0.8%. Lithium stocks falling again, PLS off 0.8% despite a new substantial shareholder, gold miners mixed, NEM up 0.9% and NST down 2.3%. Oil and gas slid on OPEC Plus news, WDS down 0.5%, and STO off 0.1%. In corporate news, MSB tapped shareholders yet again, it must be Xmas after all, PMV posted record Black Friday sales rising 2.8%. COL got the ACCC thumbs up to purchase Sapputo's milk facilities. In economic news, Chinese manufacturing PMI came in better-than-expected at 50.7. In Asia, not much happening, Japan +0.3%, China down 0.5% and HK down 0.8%. 10-year yields 4.499%. Dow Futures up 19 points. NASDAQ Futures down 34 points. Why not sign up for a free trial? Get access to expert insights and research and become a better investor.Make life simple. Invest with Marcus Today.

Op maandag blikken we in De 7 altijd vooruit naar de week die komt.Vandaag doen we dat met chef Netto bij De Tijd, Sonja Verschueren.Veel internationaal nieuws: Wat brengt de laatste dag van het staakt-het-vuren in Gaza, er is de VN-klimaatconferentie in Dubai en een vergadering van het oliekartel OPEC Plus.Er zijn deze week ook inflatiecijfers, Belgische en Europaas.Net zoals de rente op de nieuwe staatsbons. Wat heeft die hele staatsbonsaga bij de spaarder losgemaakt?En we gaan de laatste maand in waarin vennootschappen hun statuten kunnen en moeten aanpassen. Maar blijkbaar lijdt er een pak aan uitstelgedrag. Wat riskeren ze? Host: Bert RymenProductie: Joris VanderpoortenSee omnystudio.com/listener for privacy information.

ASX 200 frittered away early gains to close down 53 points at 6987 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround, as China authorities move to more supervision on stockpiling and hoarding.  BHP, RIO and FMG all took on water down around 1.5%, lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off 2.6%. Gold miners were one of the few sectors doing well, GMD up 3.8% on AGM comments NST up 1.7% with NEM still struggling down slightly. Oil and gas stocks weaker ahead of OPEC Plus. Banks fell with CBA off 1.0% and ANZ down 1.1% as the Big Bank Basket fell to $(). MQG slid 0.6% with insurers steady after QBE rose 2.2% on a premium update. Healthcare fell, CSL under pressure again, down 0.7%, REITs slid, GMG down 0.3%, tech better led by WTC and XRO up 1.6% and 0.4% respectively. Retail and staples also eased, WOW down 0.9%, WES off 0.6% and QAN down 0.8%. Utilities under pressure as ORG look to Plan B and C. In corporate news, ABY knocked back an offer from a UK company, HLS rallied 2.3% on the chair resigning. On the economic front, Michele Bullock has a new No 2. Asian markets weaker, Japan down 0.6%, HK off 1% and China down 1.2%Why not sign up for a free trial? Get access to expert insights and research and become a better investor.Make life simple. Invest with Marcus Today.

Recorded on August 28, 2023 https://www.youtube.com/watch?v=aIdSygmmsgo Episode 92 of the PetroNerds podcast is your roundtrip ticket across the globe, covering the US Fed Chair's speech at Jackson Hole, Wyoming on August 25th, 2023, US China tensions and talks, and China's continued economic backsliding. Trisha Curtis recaps the economic slowdown and economic fears in China, the BRICS meeting in South Africa, China's well touted BRI (Belt and Road Initiative), Saudi China ties, and what all this means for oil. She gets into China and US tensions, concerns about China's economic contagion, the US Secretary of Commerce's visit to China, hopes for big stimulus in China, Saudi oil cuts and OPEC Plus (aka Saudi) management of oil prices, rice inflation, global food inflation, and problems with food and fuel inflation now versus a year ago. Trisha talks about all the bad economic "D" words in China including deflation, debt, decline, deterioration, and the importance of cheap labor in China in a weakening economy. She recaps Jermoe Powell's speech in Jackson Hole covering the two percent inflation target emphasis, restrictive stance, and policy lags of Fed interest rate hikes, and understanding the debate between all of it. Trisha discusses why high government spending matters so much now in a higher interest rate environment, massive US government spending and economic distortions creating serious lags and problems for inflation, PetroNerds take on Bidenomics, sticky low unemployment, crime and theft on businesses, labor unions and strikes, and US housing. She addresses the looming government shutdown in the US and push up in treasury yields and talks about the International Energy Agency's (IEA0 split personality when it comes to their monthly oil market report, record oil demand, and all their talk and projection and advocacy on so-called clean tech. Listen on Itunes

In this enlightening episode of "Wicked Energy with JG", host Justin covers an extensive range of topics in the oil and gas industry. The episode, sponsored by TenEx Technologies, delves into the innovative solutions changing the face of the sector, with a special spotlight on TenEx's groundbreaking technologies, Microhold and Sandbond. Justin explores the high rate of M&A activity, rig dynamics, and the emerging shift between public and private operators. The current oil prices, inflationary costs, and their potential impact on the rig count also come under scrutiny. With particular focus on the rig count by basin, the episode delves into the challenges of maintaining production levels amidst declining rig and DUC counts. This episode reveals that the US is witnessing an all-time high in oil production, hinting at the promise of further growth from offshore markets. Listen in to learn about the crucial role of LNG exports and Mexico's consumption of excess Permian gas. Justin provides insightful commentary on factors such as Federal Reserve actions, China's monetary policy, and OPEC's decisions that shape oil prices. Discover the EIA's short-term energy outlook and understand the potential risk of global undersupply of oil. The consistent drawdown from the Strategic Petroleum Reserve and the increasing inventory at Cushing are given due attention. Justin also explores the projected decrease in global oil production in 2024, linking it to OPEC Plus and Saudi production cuts, while highlighting the potential growth driven by non-OPEC producers. This episode paints a detailed picture of oil consumption and price trends, predicting significant growth in consumption, led by non-OECD Asia, and potential oil price increase by 2024. It covers the status of gasoline and distillate inventories and forecasts a rise in natural gas prices by year's end. Wrapping up the discussion, Justin touches on inflation trends and the potential role of Federal interest rate cuts in stimulating oil demand. As a final note, Justin encourages listeners to start their own B2B podcasts, showcasing the multiple benefits they offer for branding, customer engagement, and networking. Tune in to this episode for a comprehensive understanding of the current and future states of the energy market. Show Sponsors TenEx Technologies TenEx Technologies is a leading provider of nanotechnology-based products for the oil & gas industry. Their products are designed to improve the production of oil and gas wells, and they have been shown to be effective in a variety of field applications. Key products include: NanoCLEAR: Tailored nanofluids to improve production of new completions and existing wells. MicroHOLD: Nanofluids that improve wettability and reduce friction in production tubing. NoHIT: Nanofluids that prevent sand production in wellbores. SandBOND: Nanofluids that improve the bonding of sand grains in wellbores. CeraFLO: Nanofluids that improve the flow of oil and gas in pipelines. To find out more, click the links below! Website: https://www.tenextechnologies.com/ LinkedIn: https://www.linkedin.com/company/tenextechnologies/

This week our guest is Eric Nuttall, Partner, and Senior Portfolio Manager at Ninepoint Partners LP.  Eric manages the Ninepoint Energy Fund (NNRG) and the Ninepoint Energy Income Fund (NRGI), which are traded on the NEO Exchange. The Ninepoint Energy Funds are some of the largest actively managed energy funds in the world. Eric's views on oil and gas commodities and equities are sought after by the media and investors.   Here are some of the questions Peter and Jackie asked Eric:  Are you still an oil bull? Do you think oil markets could rally in the second half of 2023? What is your view on longer-term oil market fundamentals? At current oil prices, how are oil and gas equities performing?  Are institutional investors still avoiding oil and gas equities?  With oil and gas equities at relatively low valuations, should we expect foreign takeovers? Why are Canadian oil and gas companies valued less than their US peers?  Does Canadian federal policy, like the cap on oil and gas emissions, impact the valuations of Canadian producers? Content referenced in this podcast: Eric Nuttall's recent webinar “What does a possible recession mean for the oil trade?” (April 12, 2023) Trans Mountain Pipeline Interim Tolls (June 2023) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/    Check us out on social media:Twitter: @arcenergyinstLinkedIn: @ARC Energy Research InstituteInstagram: @arcenergyresearchinstituteYouTube: @arcenergyresearchinstitute9600Subscribe to ARC Energy Ideas PodcastApple PodcastsGoogle podcastsAmazon musicSpotify

The three-hundred-second episode of the DSR Daily Brief Stories Cited in the Episode: Ukraine war: Russia says it thwarted major Ukrainian offensive India train disaster: signal fault identified as cause, says minister As oil prices stagnate, OPEC Plus opts to extend production cuts China's new defense chief ghosts the US, but meets with Europeans  Fighter jets chase small plane in Washington area before it crashes in Virginia US video shows close call with Chinese warship in Taiwan Strait Mystery creature caught on camera in South Carolina waters Learn more about your ad choices. Visit megaphone.fm/adchoices

The three-hundred-second episode of the DSR Daily Brief Stories Cited in the Episode: Ukraine war: Russia says it thwarted major Ukrainian offensive India train disaster: signal fault identified as cause, says minister As oil prices stagnate, OPEC Plus opts to extend production cuts China's new defense chief ghosts the US, but meets with Europeans  Fighter jets chase small plane in Washington area before it crashes in Virginia US video shows close call with Chinese warship in Taiwan Strait Mystery creature caught on camera in South Carolina waters Learn more about your ad choices. Visit megaphone.fm/adchoices

The three-hundred-second episode of the DSR Daily Brief Stories Cited in the Episode: Ukraine war: Russia says it thwarted major Ukrainian offensive India train disaster: signal fault identified as cause, says minister As oil prices stagnate, OPEC Plus opts to extend production cuts China's new defense chief ghosts the US, but meets with Europeans  Fighter jets chase small plane in Washington area before it crashes in Virginia US video shows close call with Chinese warship in Taiwan Strait Mystery creature caught on camera in South Carolina waters Learn more about your ad choices. Visit megaphone.fm/adchoices

DoubleLine's Jeffrey Mayberry and Eric Dhall welcome the arrival of graduation time and the start of MMM's summer stretch before recapping the Memorial Day holiday-shortened market week of May 30-June 2 as well as looking at May performance. All sectors of the S&P 500 closed up for the week, and the index closed up in May (2:23). Fixed income had a pretty sizable week with the Agg down for the week and in May but still up year-to-date (4:12). Commodities were flat (5:59), and Bitcoin (6:59) was up for the week. Over in Macro Land (7:36), it was a pretty wild week with the debt-ceiling deal in D.C. the main driver of activity. Among the week's other prints, the S&P CoreLogic Case-Shiller home price index delivered rosy data, but the numbers were from March (9:18); consumer confidence waned (10:26); labor market numbers were strong (11:13); and the ISM manufacturing print remained contractionary (13:08). In this week's Fedspeak segment, Jeff and Eric look for clues on the FOMC's plans for its June meeting (18:05). Next week's deliveries (19:42) will include an OPEC Plus meeting, two services prints and jobless claims.

Recorded on April 17, 2023 https://www.youtube.com/watch?v=xW7KPq9pYVc&t=10s In episode 80 of the PetroNerds podcast Trisha Curtis is joined by guest Ryan Keys, President and Co-Founder of Triple Crown Resources. Triple Crown Resources is a private operator located in the southern portion of the Midland Basin. Trisha and Ryan cover the micro to the macro. They discuss oil prices and the broader oil market and OPEC Plus cuts, the regulatory environment, M&A, the acquisition environment, and share buybacks. They get into methane, flaring, and emission reduction as well as production and Triple Crown assets, inflation, and margins. This is a jam-packed episode with great color, intel, and insights on the market. Listen on Itunes

Energy is not something we have covered before and so it is an honour to have Dave Walsh join us to unpack this huge topic. Dave is known as the 'Energy Guru', with a lifetime in the industry and his status as Steve Bannon's go to man on 'War Room: Pandemic' for energy makes him so well positioned to explain how this will negatively impact our lives. We have seen a three fold increase in the cost of energy which has had a knock on effect on food items, manufacturing and household bills. Dave gives us a better understanding to what lies behind these increases and why we are seeing a geopolitical change in energy control from West to East. We also unpack the dangerous rise of the green push to renewables which simply does not work and will lead to a dystopian collapse in our societies as energy becomes the preserves of the rich and powerful. Dave Walsh was appointed President and Chief Executive Officer of Mitsubishi Hitachi Power Systems Americas, Inc. (MHPSA) in April 2014, with responsibility for the Western Hemisphere electric power generation business of Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. of Japan. Mr. Walsh was the first non-Japanese corporate officer of MHPSA's parent company, Mitsubishi Hitachi Power Systems, Ltd., in Japan. He was also the first American Board member of the America's company, MHPSA. Mr. Walsh retired from Mitsubishi Hitachi Power Systems in 2016, now serving as an advisor to various clients in the energy industry. Prior to his appointment as President & CEO at MHPSA, Dave had been Executive Vice President of Sales & Marketing, Projects and Services. He joined the company in 2001, and initially established the service and manufacturing business for Mitsubishi Heavy Industries in the Western Hemisphere. Previously, Dave had been a senior executive at Westinghouse Electric Corporation in both power generation and industrial service roles as General Manager and Chairman of the Westinghouse global industrial and power generation service subsidiaries, with primary operations located in Saudi Arabia, Bahrain, Poland, Venezuela, Brazil, Mexico, Singapore, Thailand and Australia. He later became the senior executive and Vice Chairman responsible for the Westinghouse Electric power joint ventures in China, in partnership with the Shanghai Municipal Government and with the Chinese Ministry of Electric Power. Dave received his BS Commerce degree from The University of Virginia, and did Graduate Study in Finance at The University of Pittsburgh and at Northwestern University. He was an Enterprise Florida Board Member, and has previously been a Board Member of the Seminole County Foundation for Public Education, and served on the Seminole State College of Florida Foundation Board. Dave has also been appointed Honorary Consul Japan, Orlando, by the Japanese Ministry of Foreign Affairs. In 2016, Governor Scott appointed Mr. Walsh to the University of Central Florida Board of Trustees with a term ending January 2021. Dave and his wife Terri reside in the Central Florida area. Follow Dave on social media.... GETTR https://gettr.com/user/davewalshenergy TRUTH https://truthsocial.com/@davewalshenergy Interview recorded 17.4.23 *Special thanks to Bosch Fawstin for recording our intro/outro on this podcast. Check out his art https://theboschfawstinstore.blogspot.com/ and follow him on GETTR https://gettr.com/user/BoschFawstin and Twitter https://twitter.com/TheBoschFawstin?s=20  To sign up for our weekly email, find our social media, podcasts, video, livestreaming platforms and more... https://heartsofoak.org/connect/ Please subscribe, like and share!   Transcript (Peter) Hello, Hearts of Oak, and welcome to another interview coming up with Dave Walsh, who, of course, you will know from The War Room, anyone who is Steve Bannon's go-to man on an issue is well worth having. And we delve into energy. He's an energy consultant, former president of Mitsubishi Power Systems, along with many other accolades, and he has lived and breathed energy all his life. And we delve into this, a topic that we haven't actually touched on before, I was quite surprised, but we start by looking at actually the cost of energy. It's now 30% of GDP up from 4% traditionally, originally over the last 100 years. So massive changes in the cost of energy, why that is happening. Look at some of the anomalies in the States of energy costs, and then we go into looking at renewable energy, green energy, net zero, and the push towards having electric vehicles and the impact that will have on the US. I think the call was to raise it from 5% to 67% in 10 years. Is the world able to charge all these new electric vehicles? So Dave goes into that and talks about the impact on infrastructure, on costs, and whether the world. Can cope with that. We also discussed the change in the geopolitical change, I guess, from the West, from the US, from Europe, over to China, India, Turkey, Japan, and they're the ones now buying Russian oil and gas. The West have embargoed and we so freeze Europe just so other countries can buy oil and gas at a lower price. So we talk about that change in, I guess, power and whether that leaves the US and Europe actually toothless in regards to energy productivity and energy policies. So Dave Walsh is the person who can go into this and unpack this and I'm sure you'll enjoy his analysis of all of these areas in terms of energy. Dave Walsh, thank you so much for joining us today on Hearts of Oak.   (Dave Walsh) Good to be with you, Peter. Good, it was good to bump into you at CPAC. Obviously, the viewers will know you from your many times on War Room as someone who unpacks energy issues and something that we've never gone into before so I'm looking forward to having your wisdom with us unpacking that. Obviously, people can find you @DaveWalshEnergy is your handle. That's on GETTR. Anywhere else you're on? Dave Walsh Energy. Truth Social on the same handle. Same handle on Truth Social. Dave Walsh Energy on Truth Social as well. Okay, so people can find you on GETTR or on Truth. And obviously, Dave, you're an energy consultant and former president of Mitsubishi Power Systems, along with many other accolades to your name. But if we can jump in and look at, as I said, energy is not something we've touched on before, but I've always enjoyed your many pieces on War Room. And I think I remember reading a headline middle of last year that said global energy spending set to hit 13 trillion in 2022. I think that was 13% of global GDP. I remember reading another thing talking about traditionally energy has been like over the last 100 years, maybe 4% of GDP, which seems to be it's increased in cost and I guess how important it is. But do you want to just let us know why should those figures are probably out of the ballpark for most people. Do you just want to set the scene on why I guess we should be interested and see energy as an important aspect. Well, over a hundred year period, the concentrated use of energy, fossil fuels, nuclear power in the main has been endemic to just monstrous reduction in human labour necessary to get through life. I've got maybe four or five data points in that. You go back already by 1870, the coal burn in Britain replaced caloric intake of nearly nearly 850 million laborers. And also already by then, the use of coal for steam powered engines displaced 6 million horses. So it was up to 1870. But if you look at the global population from the birth of 1750 to 2009. Global population grew by a factor of eight from 1000 AD to 1750, 750 years, by a factor of only three. And that largely related to the lack of fossil fuels, nuclear power, and modern means of doing work, human activity. And in the US, for example, in 1860, half of the population was involved in agricultural endeavours. Today, it's only 3%. Western Europe is the same. Actually, Holland leads the world, and well, led the world until we're in this present crisis. Farming productivity per person, Holland leads the way until we're gonna take farms away from families that were hard at there, unfortunately. But if you go back like here in 1875, 74% of disposable income was spent on food, shelter and clothing, now it's like 13%. So the, and if you want less energy concentration value in 1900, per capita income globally was about $1,500. By 2010, about $8,000 had expanded by 5.3 times. Across the whole time from the birth of Christ to 1900, per capita income grew around the world by a factor of three times. And that was an entire period with basically wood burning and the beginning of the use of coal for energy. So the use of fossil fuels, which has emerged really largely since about 1860, has really, really escalated the global population, global wealth, and global food production extensively. And in another area, if you look at places like Ethiopia, the concentration of labour per acre is still like 30 times more than Holland, the UK, or here, because of the lack of fossil fuels in farming machinery and the lack of advanced fertilizers, ammonia-based and nitrogen fertilizers that come from natural gas. So no, energy utilization has propelled mankind massively, in the last 100 years. Now, there are some unusual things happening with cost in the last 10 or 15 years that we should discuss that really aren't good for productivity, human productivity. And do you want to, because we've seen, I mean, we'll touch on that. And what are my thoughts looking at the US is, having been the US quite a bit in the last year and being on the East Coast and West Coast, and you look at the poor people on the West Coast, California paying probably double what the East Coast are paying over in Florida or Texas. That's an anomaly and that probably feeds into that kind of conversation about maybe some of the issues which are increasing the cost of energy, I guess, more or less exponentially. Well, yeah, the US a little bit curious. Energy policy here is really a mixed thing. It's more dominated by the states and state policies, state governments, state policies. It's physically a huge place. These states tend to be, most of them, very large physically. So the concentration of electricity generation tends to be a state by state thing, given the size, but given the way the government works, the state public service commission, usually appointed by the governor, maybe approved by the state Senate, mainly directs the energy policy and costs in various states. So, you've pointed out California in extreme, they're typically the fourth or fifth highest, energy cost state in the country when it comes to electricity. Florida's actually about in the middle. But just give you an idea of the disparity that the top 10 cost states in the US have electricity costs of about $0.27 per kilowatt hour. The top 10 cost states, the lowest 10 cost states about 10.5 cents a kilowatt hour. So the top 10 states are 2.6 times more costly, on electricity. And if you look, the two major characteristics of the best 10 or lowest cost are the fact that they tend to be 27% net exporters of electricity to other states. The states with the highest cost tend to be 16% net importers of electricity because over the years, again, places like California, now increasingly New York, Hawaii, and the high cost states have really become high cost because of abandonment of initially nuclear power, and then coal power, and now even in California, increasingly combined cycle natural gas power, which environmentally is very clean and very efficient. They've begun to abandon that as well. So they get, what they wind up doing is there really is no near-term displacement for those sources. So they wind up becoming, Steve Bannon would say, beggars of their neighbours or importers of electricity from neighbouring states. And the state public service commission in a given state doesn't control the cost of what happens in other states. So they become victimized by whatever, specifically California, whatever Nevada, New Mexico, Arizona, Oregon, Washington, utilities decide to charge them per year is what they pay. Because that state, for example, a hideous example, 37% of their electricity is imported. As over time, they've stopped building nuclear plants, they've closed down coal plants, now they've stopped building advanced combined cycle plants. California imports 37% of its electricity. So really the state government has virtually no control over the cost of that, nor what it consists of. So that becomes a huge factor in why the costs are so high. New York is headed the same way. They just announced a decree there that within 10 years they're going to be 70% renewable. That's going to cause, by my calculations, they're now about 23% renewable because in the West there, Niagara Falls does produce a fair amount of their electricity. But all this delta from 23% to 70 is going to be wind and solar. That's going to mean a 27% electricity shortage in New York. Because wind and solar only operate respectively, wind about 38% of the time onshore, offshore about 42% of the time that it runs. Solar up there is about a four-hour-a-day thing. It's getting pretty far north, not quite as far north as you are, but up where New York is, solar is about a four-hour-a-day effective resource, 20 hours a day. You have no value from Therefore, if New York makes that shift in 10 years, it's going to have a 27% shortage of electricity. They're already an importer of 13% of their electricity already because of these types of policies. Costs there are already the third highest, fourth highest in the country. They're going to escalate radically with these kinds of policies. So it's very unique. It is kind of unique to each state and the politics of each state and whether they're, run by a more conservative government or run by blue democratic governments. And if I look at the 10 highest cost states, eight of them are consistently run by democratic governments. So-   We obviously have the same issue in Europe, where fuel is taxed horrendously high. And at the fuel pump in the UK, it's probably around 75% tax, probably, with VAT and then fuel duty. And I guess that Democrat-controlled states are probably going the same way as Europe. Well, yeah, I mean the Democrat-controlled ones, the first bizarre set of decisions, many of them made, like California, more lately New York, the states of New England, the abandonment of allowing fossil fuel plants in those states to be there at all. California went down this road in the late 80s. Nuclear before that, they abandoned. Now gas-fired plants. New England, New York has been the same. Fracking in this country is basically illegal, New York and North. So while there are tremendous natural gas resources up there, they've elected not to harvest them. And you wind up with massive importation of electricity from Canada, a lot of hydro, and now growingly from Pennsylvania and Ohio that do have heavy, heavy natural gas resources. Well, those states in New England, New York, for example, have elected to not have power plants any longer, excepting for solar and wind, which are very, very low, very low density energy resources. Again, I'll go to the reciprocal. Solar in those markets is not there for you 86% of the time. It doesn't produce electricity. Wind if offshore, 58% of the time, doesn't produce electricity. And also, by the way, the costs of installing that stuff, far from free, are massively expensive. Offshore wind, for example, New York's on a big binge for offshore wind, is 11 times more costly than the capex of building a combined cycle plant. 11 times more costly. The cost of the transmission from 20 miles out in the sea to inland, plus the towers, plus the huge wind turbines that are on them now, you're talking 11x the capital cost. Stuff is far from free, it's actually far more expensive. And the life cycle cost of offshore wind is about three and a half times more costly than, the whole life cycle cost with fuel of advanced combined cycle natural gas power plants. So there's a myth that this stuff is free because it's nature based as far from it is far more expensive when you factor in the long time periods that it's not usable it doesn't produce anything. Let me, I want to get in more on the renewable side but for the us as an entity I think you put a recent post saying that all natural gas related products are fifteen percent of all us exports and then of course you have what the country uses itself. So energy is a massive industry, the US is sitting on so much reserves and yet the US energy plan seems to be a mess. I mean, tell us about that because the US should be the, I guess, one of the big producers and suppliers and yet, well of course, I guess with the Democrats, they're trying to punish themselves and stop that. But yeah, explain some of that. Well, the mess is to the extent the federal government controls energy supply, they do it here. The Democrats have attempted to do it through the Environmental Protection Agency, has been their main weapon to weaponize against fossil fuels and before now against nuclear power. But now aided and abetted by the Securities and Exchange Commission on all this ESG mantra of, investing in renewables is a great thing, investing in carbon fuel sources should be penalized, and by incentive policies that have only the last 15 years incented investments in renewables and not incented any investment or new investment in nuclear power or in fossil fuels. So you've had this tremendous skewing of investment to the extent the federal government can be influential. That's how they've done it, through the EPA, with punitive measures to make emissions of anything fossil fuel enormously punitive, driving the cost way, way up of operating a coal plant or a gas turbine-fired plant. And then the incentive structure they put in place on taxes to make renewables, you, And I give them a huge advantage financially with massive incentives. So that's driven policies. And this administration, all of its executive cabinet-level leadership, from the SEC to the Securities Exchange Commission, the Fed, the chairman of the Federal Reserve, all on the same, the Department of Energy head, Jen Granholm, we're going to eliminate the use of fossil fuels in this country, every single one of them. It's in their mantra consistently given, consistently articulated. So this great energy resource here is, and this, unfortunately, I've got a story about the UK as our model. We're going to follow the same. If you listen to these guys, we're going to follow the same model. We're going to abolish the use and production of fossil fuels. It's a complete disaster. The US has a huge balance of trade negative. We're a net importer of about a trillion of goods and services. China leads the way as the exporter here in the balance trade deficit we have. But it's been helped heavily the last 15 years with the emerged massive growth of natural gas and oil exports from the US. We're now like $315 billion. We're a net exporter of oil and gas at 15% of our exports. To the extent we export about $2 trillion a year of goods and services, 15% of it plus is now gas and oil. So that's a huge, huge thing with respect to the currency being stable and the budget being, it's not being balanced here, but any effort to balance the federal taxation budget. It's largely dependent on the tax receipts coming from oil and gas, and these folks on the left running the government want to abandon that as rapidly as possible. And there's no replacement for it, not even on the near term nor intermediate term. You know, displacing fossil fuels with the nature-based part-time renewables is just, mathematically doesn't work. And solar, even here in Florida, solar does not work 82% of the time. If you take a given 8,700 hour power generation year, the sunshine is effective here. I mean, right now it's noon, it's nearly dark here. From this time of the year through September, very common thing by about 11 o'clock through four, you've got thunderstorms, you've got dark clouds, you've got no solar resource, not to mention the night. Night, really it's effective between about nine and four on a good day. So even here, it's about an 18% of the time thing. In much of the Northeast and up in the Midwest, it's a four-hour a day thing. So it can't be the solution. When you're talking about that kind of energy deficit, wind, even offshore where it's most productive is not there for you to produce electricity 58% of the time. So I know in the North Sea and UK, talking about the massive offshore wind, well, I'm going to say in the vernacular here, good luck the other 58% of the time, especially when you factor in the cost of installing that against the minimal energy supply. You're talking about driving the cost of energy up to human beings by factors of five and six times. I mean, it sounds great, but it's not free. It's far from it, far more costly. Well, I'll touch on that. Well, actually, when even driving through parts of the English countryside, you see whole fields covered with solar panels now. The UK isn't really the brightest or sunniest or warmest country. And that seems madness, because again, that takes away agricultural land, which is more and more for premium and bigger demand as a population grows. But that's, it's not something which we discuss back and forth, but it's another part of it, you mentioned in Holland, that I guess clash between energy and agriculture, between feeding people and actually turning on the lights. And it's a curious clash that we're having, not only with fields being covered over, but also with farmers being told they need to farm less and feed people less because it's bad for the environment. Well, I'll go back to the UK just quickly. My wife and I were there a couple times the last year or so, and we're up by the Stonehenge. Within eight miles of there, eight kilometres, there's a solar farm. It's, the day we were there, it's the winds howling 30 miles per hour, and it's probably, maybe it was 10 C, but there was no sunshine. And I have to know, having been there many, many times, that this must be a three and a half hour day. And I think that is the typical Germany, UK, the same. Solar is about a three and a half hour a day thing, on average, across the year. It's just, I mean, it's utterly, horrendously misspent money. Now, the Holland thing, this is again, the untold story of fossil fuels. Ammonia fertilizers, nitrogen-based fertilizers in the world have promoted farming productivity across most products, wheat, corn, soybeans, potatoes, by a factor of three to four times per acre over the last 50 to 60 years in the world. And a couple of things have really pushed that productivity forward, and they are nitrogen and ammonia-based fertilizers, which are now deemed to be sinful because their origin is natural gas. So that's being used by the left to consciously diminish food supply and make it far more a challenge. I mean, the other factor has been mechanized farming machinery, which is all diesel and gas powered, has been the second thing, but behind ammonia and nitrogen-based fertilizers. I mean, just to give an example, the farming productivity, again, I think I might have mentioned, this country, Holland, UK, very high on wheat production per acre, is 30 times more productive in human terms than Ethiopia. For example, Ethiopia still has 74% of its population involved in farming. In the UK, in the US, it's about 3%. To give you an idea of the benefit of fossil fuels delivered in fertilizers and in the production equipment, heavy machinery, tractors, et cetera, harvesters to make farming cost-effective for allow massive food supply for billions of people. And now we're resisting this through wanting to diminish and end ammonia and nitrogen-based fertilizers. It's, and the use of gas-powered and diesel-powered farming machinery. This is insanity. When you're talking about sustaining 7.2 billion people, This is just not, it is not a sustainable thing, to borrow one of their phrases. It's the opposite, the polar opposite of that. And of course when we talk about those solar panels, actually we're talking about wind farms, the UK building all those wind farms and none of it actually built in the UK, so there's no manufacturing benefit, but then the solar panels, that seems to all be Chinese built and it seems as though the world, I guess on the left, the Democrats over there, many parts of Europe are rushing to award their control of their energy system over to China. And that's not a conversation I don't think the public has really had. I guess the same for the states. Well, our, I'll say collectively, our Western G7 leadership just convened over the weekend in Sapporo, yours and ours, abandoning our shores to have meetings about our sovereign countries in Japan about CO2. And what they've concluded, they collectively have signed up with each other, again, outside of the realm of where our voters are over in Japan. They've reached one of these agreements to develop collectively across the G7 a million thousand gigawatts of additional solar by 2030. This would be $670 billion investment by the G7 nations in added solar resources, of which, based on the current fact that 85% of thin film PV panels come from China, would be about a $580 billion spend in China between now and 2030 by our new G7 government, putting it that way. Having their meetings in, not here at home, nor in the UK, but in other places where these guys fly to convene and make these brilliant decisions. And then another half a million or 500 gigawatts of offshore wind, which is, again, offshore wind is 11 times more costly in capex than building a conventional combined cycle plant of the type my company built in my day at Damhead, Salt End, in I think Raglan Road in Dublin. In Spain, we built seven or eight combined cycle plants. The cost of those is one-eleventh of an offshore wind farm when you factor the 58% of the time that that offshore wind farm isn't going to produce anything for you. And then compounded with the construction cost, which is huge. That even then, the all-in life cycle cost, that the present cost of natural gas, which has now fallen quite a bit, is still four times more than a combined cycle plan, even accounting for the gas use. So we're talking about stuff that is way, way not cheaper, but is far more expensive and creates a lack of access of our citizenry in the UK and here to energy, which is way in the interest of the Chinese. Most of the supply of utility scale batteries, and as I mentioned, the solar panels, comes from there. So we're taking a dependence. We had a marvellous self-dependence in the UK on North Sea oil, which has declined by 70%, not because it's not there, but because of political pressure to go and get it. You know Norway has not participated in ceding to that pressure, doing great financially, a heavy importer to the UK. The oil's still out there, but on our side of that pond, we've decided let's not pursue it. 70% down. The US, since the election of Biden has now been about a million two barrels a day deficit of oil production, because of all the restrictions on federal land. So we've shifted over to this ideation of displacing that with dependence on China, solar panels and batteries. I mean, this is lunacy. I mean energy strategy is at the core of national defence, whether it's Western Europe or here, at the core of a sustainable lifestyle for our people. And we're handing self-sufficiency that we enjoyed over to, programmatically over to China, who are an enemy. They're aligned with Russia on this Ukraine activity that they've been from day one. There's no secret about that, but our media very reluctant to actually acknowledge that, but they are. And then this, the boycott that we've got in Western Europe on buying their oil within six weeks was almost entirely displaced with procurement from Turkey, India, and China, from Russia. So that hasn't worked out well for us. We've actually forced China and Russia together, which strategically is just a horrendous set of decisions pushed by more by this government than the Western European government, but collectively. We've created an energy disaster in the outcomes of this in a very short time. Well, that's really interesting watching that and the shift with the West, actually Europe wanting to freeze after building a Nord Stream and Nord Stream 2 into Russia and then wanting to turn that off and wondering why people are angry that the cost of electricity has soared. And yet, as you said, the other side is China, India, especially and then into Turkey and elsewhere. And Japan, I think as well, actually they're happy to buy Russian oil and gas, and they've filled that gap. So it's strange because that's a power shift, I guess, away from Europe and the US. And it really leaves them toothless in terms of energy control. No, it does. The West's conscious decision to abdicate self-sufficiency and self-reliance, I would complain about the UK. We're on exactly the same page here now by the constant outcries of this government to abandon fossil fuels as rapidly as possible, going down the same path, creates a massive dependence now on China. Years before was the Middle East, before North Sea oil was discovered in abundance and harvested, before the fracking boom here, we were unfortunately heavily dependent on OPEC, which was a disaster. And now we're making them relevant once again in their alliance, first with Russia, when the kingdom sought out Russia right about the moment of the Biden inauguration, January of 21, we had the alliance begin building of the Kingdom of Saudi Arabia with Russia, on collective decisions on production to drive prices up, very successfully done all through 2021 and early 2022 before the invasion that we've suffered from. Now we've forced China together with Russia based on the boycott and our handling of that situation and to our horrendous detriment, energy costs here are going through the roof, as we attempt to displace, do something that's not, it's mathematically not doable. You can't displace fossil fuel use with four hour a day solar. And if on land, nine hour a day, if on sea, 10 hour a day wind. You mathematically can't do it because also those resources are regionalized in the large area. it's the same time of day that you have them. I mean, like, for example, Florida, you could put, you know, everyone thinks it's so sunny here, you could populate every square inch of Florida with solar panels, and you'd still be at 19.6 hours a day, have nothing, because it's the same moments. It's only the same, night is the same. It's not very big, east to west, night is the same time. So up till nine in the morning, you've got nothing. And after 4.30 in the afternoon, you've got nothing, which is the California issue because their peak in addition to this 38 percent uh importation of energy electricity a lot of what they use is solar even from Arizona, New Mexico, Southern Cal, I think about 35 percent of their power supply imported and made in state is renewable, and it kind of comes to an end at 4.30. Their peak power need begins at 4.30 when everyone gets home, gets off the freeways in LA, San Diego, and turn up the air conditioning, begin to use the appliances, cook, whatever, until 10 at night. That's the peak demand. Well, that's when the solar ends. That's like 30% of their electricity, at least what they have, which they're in shortage of to begin with. So you've got an intractable mathematical issue. And now we're talking about mandating EVs out there by 2035, well, now across the country, which would elevate here national electricity supply by 25%. If you got to 75% EV adoption by 2035, which this government claimed to be the new target just last week, would be about 250,000 megawatt power plants would need to be built to be running all the time from right now, start building them now, because you'll have them in four to five years. There's no plan to do that. The energy supply scenario of squashing base load, continuous duty fossil power is not connected to this, let's electrify everything. The two things aren't even connected together by this government. It's going to need a huge amount more electricity should these things happen. That push, because you reposted a story in New York Times and talked about an increase of, I think the current 5% of vehicles sold being electric up to within 10 years, 67%. The figure was mind-blowing. That's not just a case of whenever everyone plugs their car in that the energy goes up. That's a case of there is no energy. That's right, because all of the electricity production measures, these states that are blue, and this government have taken through its rhetoric for two years now, are all about adopting more and more, excuse my plain speaking, of stuff that doesn't work most of the time, solar and wind. So net, net, you've got no increase of energy resources. And I'm looking at one of the dominant business forecast that I would, in the power generation business, would use here between now and ... This is like the commonly accepted forecast. Between now and 2030, we'll have 341 more gigawatts of wind installed and 383 more gigawatts of solar installed in this country by 2030. And also take away another 828 gigawatts of coal, basically make it go away. That's the consensus business forecast, which is a collection of what utilities are telling OEMs that make power generation equipment, T&D equipment. This is the forecast. Well, if this be the case, when you take the deficiency, the time that wind and solar don't work, the net net increase in generation assets, it's about 1% across that time. When you factor down, you take out the fact that coal operates 24 hours a day, and you're displacing it with massive quantities of a five-hour-a-day thing and a nine-hour-a-day thing, the reciprocal, you've got nothing. When you take all that into account, the energy electricity plan for the US is to grow electricity production by about 1% across the next 10 years. And we're going to electrify everything in the meantime. The mathematics don't even work on this. So a frightening thing happened late last week in California, often a sign of what's to come here, the rest of the country. For some reason, the three major utilities who were regulated by the state approached the state, and I'm believing they were gigged by the state to do this, with a new billing practice of using a percentage of income, to pay for electricity instead of a per-use basis. I mean, right now, in most of the, all of the developed world, in the West for sure, your electricity bill is a use-based thing. You use X kilowatts, you pay a certain rate, that's what you pay based on use, which promotes efficient use of it and penalizes those who use the most. It's not a penalty, it's use the most, you pay for the most. California now wants to embrace converting this to an income percentage tax. That if you make X, you pay X dollars a month. If you make Y, you pay Y plus 10%. A scale based on income only, delinking utilization of electricity from the cost of it. They're putting this before the public service commission to get this approved, creating displacing use fees for electricity, which are completely common and make logical common sense with an income tax kind of percentage of income. So independent of what you use, you pay a percentage of your income for electricity. Now, what this will do for them is we'll de-link the massive fact of their shortages, and the massive fact of their very, very high cost electricity, it'll hide that. Because now you can make these comparisons of one state to another, that'll go away. Because now that they'll have, if this gets passed, they'll have an income tax, that the utilities are able to charge, which that's a whole nother, how do they get to look at your income? That's not legal here, but according to what California wants to do, that's what the utilities will begin to charge you a fixed fee based on your income, independent of it. So then you'll have demand go through the roof because efficiency won't matter anymore, but it'll hide the real cost of the electricity. and the fact that once it becomes, incrementally, it becomes free in that sense. The complaining about the lack of it would tend to diminish. You get to then the Russian food model of years ago with the bread lines. Hey, that which is free from the government, don't complain about it when it's not there. That's where they're headed. Acknowledging they have no plan whatsoever to displace the huge shortage of electricity that that state has. They're talking about a way of obfuscating cost to make it seem like incremental use of it is free, Therefore, when the big brownouts and blackouts really kick in, which are going to increase and increase, well, since you're not paying anything for this anyhow, no complaints necessary. This is frightening. This was announced late last week, Pacific Gas and Electric, Southern Cal Edison, looking at an income percentage fee collection instead of a per use for electricity consumption. How does this, how does it play out as people go and spend their crazy amount of money on EVs, electric vehicles, and then with not being able to power them? Is that just a movement towards, I mean, we've seen a movement towards red states simply because of the higher crime rates, higher tax rates, higher cost of living in the Democrat areas. Will that just continue? Is that just a bigger divide in the US? I mean, how does it play out?   It plays out as a massively increased divide between the haves and the have-nots. Because the typical EV over here is still $65,000 to $70,000 to buy one. The typical medium to lower end gas powered vehicles are about $25,000 to $28,000. The business model is in the EV, about 40% of the cost structure of that thing is the battery. Essentially, you're prepaying in that high price, 65 to 70 grand, you're prepaying the, 30 grand or so for the fuel equivalent being the battery, you're prepaying for about 150,000 miles of the fuel, if you will, in the model. Then at 150,000 plus miles, you're also exposed to the liability to replace that again for another prepaid 30, $35,000 for a new battery that can go another 150,000 miles. Paid up front, we're presently liquid fuel, you're paying on a pre-use basis, and it's domestic. So now you're prepaying for Tesla's cars. The cost structure is 40% China. That's where his batteries come from. His lithium ion comes from there. So you're transferring an obligation that was in the days gone by, the Middle East became domestic, a great thing. We want to get off domestic oil and gas production, now let's transfer that to a lithium-ion battery supply from China. But the chasm that this develops between the average citizen making $65,000, $68,000, $70,000, the chasm between that person even being able to afford a vehicle and those who can actually afford them, which is maybe then your 15% of the population can actually afford a vehicle, it grows massively. It just grows massively. It's exactly as you pointed out, it grows the chasm between the haves and the have-nots, as do all of these renewable energy sources when electricity bills go through the roof because of them. And of course, one of the other factors in it, which isn't discussed whenever the Green Lobby are pushing for this. They're not mentioning the finite resources that go into the batteries. No one mentions cobalt mining in Africa where children are used as slave labour. But that's not a part of the conversation. And that really confused me where a group claim to be environmentally conscious and also concerned of the impact of the individuals in the work market. And yet they're happy to have children going down mines for them for their latest battery car. It takes us right back to, okay, we are what we criticize others of being colonialists. This was the critique of the UK, the Dutch, our own behaviour here with forced labour. Well, guess what? Total dependence on the developing world for any resources extraction of any kind, be it oil, lithium, cobalt, is another form of colonialism. Or there's another one, yellow cake for uranium supply. This country was 100% self-sufficient on uranium supply as recent as 1992. And now we're 52% dependent on Russia, Kazakhstan, and Uzbekistan for uranium, which has continued unabated throughout this entire war. We haven't changed that policy one iota, where we are in Wyoming and Utah still full of uranium, easily mineable, but no, we hate resource extraction. We don't want to be around that any longer. We'll throw certain indigenous Native Americans in front of that, who actually like the fact of it happening, but you pay certain groups, they'll step out in front and prevent that, plus various treaties that the Clinton administration made with Russia to arguably stop their conversion of uranium to nuclear weapons. We could do that by buying it from them. Unenforceable, unverifiable. So to this moment, we still do that. But this hatred of resource extraction is thrown out there as a rationale to outsource the Biden administration on oil, as opposed to ramping up domestic production. When this OPEC Plus was formed, began crushing cost here, where did they go? First stop was Iran. The second stop was Iraq. And the third stop was Venezuela, Arabia was in between. We go to OPEC to get oil instead of producing our own. When we, hit a Trump administration peak in November of 2019, 13.6 million barrels a day. We're the top producer in the world. And we abdicated that position within months of this administration taking place. And then all of its rhetoric, communicating to OPEC, oh, we're really on board with your production reductions. We're going to have our own here of a million two barrels, reduction. Basically, going along with their, the way they manage prices is not through raising the price. It's through toggling up and down the production level. We joined that. We basically joined that. We cut our production under the blanket of CO2 reasons rationale by 1.2 million barrels a day. And then who do we go to looking for the excess? We go to them. This is, It's a set of insane policies geared at making the country, as Western Europe has become, totally dependent on others for energy.   Well, let me just finish on a piece that just came out in the UK, I think it was The Telegraph, for UK connection with what's happening in the States and it was the UK Chancellor Jeremy Hunt who oversees the Treasury here in the UK has just said that Joe Biden's flagship green energy policy risks plunging the world into the economic dark age. Now that was quite phenomenal because normally Western governments have been falling over themselves to say how wonderful they think Biden is and it was actually the first criticism I've seen of Biden. And this was, I guess, to do with subsidies. That's the concern, I guess, from Europe. But that just intrigued me, that, I guess, change in tone, change in rhetoric from Europe towards America, that Biden is no longer the great one. Actually, there's criticism. And I guess that's on subsidies. But I don't know if that's the beginning of maybe a wedge between how Europe look at energy and how the States does. Well, I mean the trouble I mean what he said is really, the net result is plunging the West into economic decline. Because I'm gonna suggest about a hundred and sixty countries aren't on board with this. And I'll mention a few that would surprise you Japan, Japan after Fukushima between 2015 and 2019 commissioned 13 count them 13, large coal plants, 10,000 megawatt supercriticals and 300, 400 megawatt coal plants. Why? They need to industrially compete with China. It's in their interest to do that. They did the right thing for the Japanese people. Here we're celebrating this meeting the G7 had in Sapporo. Well, the Japanese talk about, you know, renewables and all this decarbonization. Look at what they're doing. Doing what's necessary to promote their economy. And then their commitment to the renew the Sakhalin Island LNG deal at only 13 bucks a dekatherm that Russians committed prior pricing in this day and time, they had to continue that. That's about 9% of their gas supply. Half of that comes from here, half quantity, double the amount from Russia. They continue that. It's in their interest to do that. So, you're looking at this very weak alliance on this war thing. The entirety of Western Europe and Japan have not really been aligned with the US on that. India has doubled down on its, the Indian Oil Corporation has now doubled its consumption of Russian oil in the last three months. There is no unanimity of actions on this, either one, the CO2 front, which I'm going to suggest 160 countries are not on side with moving in this direction, led by the Chinese, who have double the CO2 emissions of all of the OECD countries combined. They don't believe in this, by their actions. Now, what they're selling, lithium ion cobalt batteries and PV cells, yeah, they're promoting a Macron visit so Xi Jinping takes, oh, yes, Macron, we're working together on sub-Sahara CO2 abatement. That's complete nonsense. That's nonsense to pander to the West. Oh, here, well, yeah, we're going to tell you we agree with you. Look at what they're doing. 60% of their power generation is coal-based. He has no plans of changing that. He has a plan to keep his country competitive industrially and have a strong military. That's what his plan is. Such as we had in prior days in this part of the world, but we've abandoned. Dave, I really appreciate you coming on. It's an honour to have anyone that Bannon goes to as his go-to person. And I've thoroughly enjoyed your many times of War Room over the last two years. So thank you so much for coming on and sharing your thoughts on energy. Well, Peter, thanks for having me. And one of these days I'll come back and we can go further into it, but deeply appreciate, it.

Recorded on April 7. 2023 https://www.youtube.com/watch?v=MP2f88xB0Ok Buckle up for your world wind market tour with PetroNerds and the PetroNerds podcast. In episode 78 Trisha Curtis takes you through the oil market and the global economy, China, geopolitics, the energy transition and, JP Morgan's annual energy paper, the Fed, and the US economy. Trisha discusses the OPEC Plus cuts which have driven oil prices to over $81/barrel and the pickle the Federal Reserve finds themselves in with sticky and persistent inflation and a banking crisis backdrop. She talks about recent jobs data in the US and the average work week being just 34.4 hours. Trisha then dives into geopolitics, China , and the energy transition and covers the Taiwan visit to the US by the current leader and the Taiwan visit to China by the former leader. She discusses China's relationship with Europe and French and EU leader visits to China. She gets into China's relationship with Latin America, including recent changes to the Brazil and Honduras relations as well as China's peace brokering between Iran and Saudi Arabia and everything in between. This is a podcast that you won't want to miss! Listen on Itunes

The 966 welcomes back onto the program Bilal Saab, political-military analyst on the Middle East and U.S. policy toward the region and Senior Fellow and Director of the Defense and Security Program at the Middle East Institute. The hosts ask Bilal about his recent piece, entitled "After Oil-for-Security: A Blueprint for Resetting U.S.-Saudi Security Relations." Before that discussion, the hosts discuss fibre-optic cables and data centers in Saudi Arabia, how the Kingdom is doing on its efforts to achieve sustainability, and much more.4:32 - Richard's One Big Thing is how Saudi Arabia is ‘redrawing the map of the future with fibre-optic cables', citing a recent piece in the Middle East Eye. Saudi Arabia sees an opportunity with Egypt acting often as a bottleneck. 18:02 - Lucien's One Big Thing is a discussion on how Saudi Arabia's Green Initiative (SGI) is performing against international evaluations on sustainability progress. One new report, published annually by MIT called The Green Future Index, says that Saudi Arabia made a leap forward against its performance last year by jumping 10 places. But, it wasn't all good news for Saudi Arabia - the Kingdom is in the second-to-last category for these rankings. Still, the progress is laudable and can already be seen on the ground in Saudi Arabia. So far, Saudi Arabia has planted 18 million trees within the Kingdom and of those 13 million are mangroves.32:35 - The 966 welcomes back onto the program Bilal Saab,  political-military analyst on the Middle East and U.S. policy toward the region and Senior Fellow and Director of the Defense and Security Program at the Middle East Institute. The hosts ask Bilal about his recent piece, entitled "After Oil-for-Security: A Blueprint for Resetting U.S.-Saudi Security Relations."1:13:08 - Yallah! 6 top storylines to get you up to speed heading into the weekend. In Surprise, OPEC Plus Announces Cut in Oil ProductionSaudi Arabia, Russia and their oil-producing allies announced that they would cut production by more than 1.2 million barrels of crude a day, or more than 1 percent of world supplies, in an apparent effort to increase prices. The production cut was unexpected because leaders of the group, known collectively as OPEC Plus, said in recent days that they did not intend to make changes in their policies. The cuts, which are voluntary and start in May, could be temporary depending on economic conditions.Fitch upgrades Saudi Arabia to 'A+' on strong balance sheet, buffersRatings agency Fitch on Wednesday upgraded Saudi Arabia's credit rating to 'A+' from 'A', citing the Gulf state's robust fiscal and external balance sheets, including a favourable debt-to-GDP ratio and strong sovereign net foreign assets. Oil revenue will account for about 60% of total budget revenue in 2023-2024, according to Fitch, despite a major government push towards developing the non-oil sectors of the economy. "The upgrade also assumes ongoing commitment to gradual progress with fiscal, economic and governance reforms," Fitch said.Saudi Arabia's sovereign wealth fund reveals its VC portfolioThe venture arm of Saudi Arabia's sovereign wealth fund, Sanabil Investments, has revealed dozens of US and European venture capital and private equity firms in its portfolio, shedding new light on the kingdom's expanding global economic footprint. The fund's portfolio contains 18 startups along with big-name VC and growth funds like California-based Andreessen Horowitz, 500 Global and New York-based, General Atlantic. Top Saudi, Iranian diplomats to meet in China, say media, officialsThe top envoys for Saudi Arabia and Iran will meet in Beijing on Thursday, an Iranian official and a Saudi-owned newspaper said, as the two regional rivals work to hash out next steps of their diplomatic rapprochement amid a China-brokered deal. The meeting between Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, will be the first formal meeting between Saudi Arabia and Iran's most senior diplomats in more than seven years.CIA director visits Saudi Arabia to reinforce US commitment to intel cooperationThe head of the Central Intelligence Agency (CIA) Bill Burns was in Saudi Arabia this week to meet with officials and reinforce Washington's commitment to intelligence cooperation, a US official told Al Arabiya English on Wednesday. The CIA director's quiet trip comes on the heels of a surprising agreement signed between Riyadh and Tehran, brokered by China, to restore diplomatic ties, reopen embassies and exchange ambassadors in the next month.The UN is going forward with an operation to prevent a disastrous oil spill from a rusting tanker in the Red Sea.The United Nations Development Programme has purchased a ship to take 1.1 million barrels of crude oil that has been sitting in a decrepit supertanker, SFO Safer, off the port of Ras Isa in Yemen's west coast. It has contracted SMIT Salvage BV, a Dutch firm specializing in marine salvage, to extract the oil and remove the Safer to safety. The replacement vessel is currently in drydock in China, being fitted for its new purpose as a floating oil storage vessel. It is expected to arrive in the Red Sea next month.

Patriotism and religion are luxuries. When you can't pay the rent or feed your family, when you're pestered by bill collectors, it's hard to think of anything other than money. OPEC Plus are cutting back oil production to raise prices. Are they doing it just to spite America and other democracies around the world? Did Saudis Cut Oil Production To Punish Democracies? Also Rep. Mark Pocan drops in to reflect on the recent wins in Wisconsin.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S.-Saudi relationship is going through some of the worst tensions in decades. In the wake of the Saudi-driven OPEC Plus decision in October to cut production, Biden has warned of “consequences” for the relationship. At the same time, the White House has also granted Mohammed bin Salman legal immunity over the murder of Jamal Khashoggi, a sting to Biden's calls to uphold human rights. What consequences, if any, will arise now, or will it just be a slap on the wrist for a problematic but important partner? How will the OPEC Plus meeting in Vienna shape energy markets? And how will the EU's embargo of seaborne Russian oil shipments and G7 price caps affect energy prices and U.S.-Saudi relations?Aaron welcomes veteran OPEC watcher Helima Croft and Princeton University's Bernard Haykel as they discuss the future of U.S.-Saudi relations.Want to listen to Carnegie Connects live? Visit our website to sign up for invitations.

OPEC Plus plays wait and see over Russian sanctions. Supreme Court to hear case of businesses who don't want to do business with LGBTQ clients. After nearly a month, Arizona finally certifies vote.

VW-Chef Oliver Blume will seinen Plan für den Programmcode in Kürze dem Aufsichtsrat vorstellen. Das Handelsblatt hat die Eckpunkte aus Konzernkreisen erfahren. *** Hier geht's zu unserem Abo-Angebot für unsere Morning Briefing Leser: https://www.handelsblatt.com/mehrerfahren

OPEC Plus Keeps Oil Production Targets Steady before G-7, EU Start Price Caps

US stocks and bonds experienced a volatile session on Friday following a jobs number that fuelled bets the Fed will continue tightening after a lot of talk of a slowdown of rate hikes this month. The Dow Jones fell hard at the open but managed to recover its losses and finish up 34 points (+0.10%).  The NASDAQ finished 0.17% lower and the S&P 500 lost 0.12%. European markets were mostly lower, with STOXX 600 down 0.15%, UK FTSE down 0.03%, France down 0.17%, Italy down 0.26%, and Greece down 2.00%, German DAX finished 0.27% higher. SPI Futures are up 19 points (+0.26%), following a 0.6% rise in the ASX 200 for the week.US employers added more jobs than expected and wages increased by the most in nearly 12 months. Nonfarm payrolls were 263K higher in November, ahead of market forecasts of 200K, with the unemployment rate steady at 3.7%.US bond yields spiked on the jobs number but gave up their gains and were relatively unchanged for the session, the US 10-Year fell 4.1bps, while the 2-Year rose 2.2bps. The USD index jumped close to 1% on the release but finished down 0.17%. The Aussie Dollar was unchanged against the USD, fetching 68.03c.In commodities, easing restrictions in China has provided a boost for metals, with all finishing higher. Copper rose 1.56% to its highest level since mid-November, while nickel added 4.58% and aluminium climbed 2.68%. Gold finished 0.32% lower after a good run against the USD. Oil prices slumped on the EU agreeing to a $60 Russian oil price cap, and reports that the US oil-production rebound is set to slow. Brent crude was down 1.28% and WTI fell 1.48%. Coal prices rose again, adding 1.59%, for the week, it gained 14.23%.OPEC Plus announced no changes.China relaxing more CV19 restrictions over the weekend.Get up to speed with Henry Jennings' Pre-Market Podcast.Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

Today I am happy to welcome back to the podcast David Rundell. David is a former American diplomat who served for thirty years in the Foreign Service, including fifteen in Saudi Arabia, and is widely regarded as one of America's leading experts on Saudi Arabia. In this episode, we continue our discussion on the US-Saudi relationship, including an analysis of Biden's trip to Saudi Arabia, the decision of OPEC Plus to reduce oil production by 2 million barrels, and the changing dynamics within the US-Saudi relationship. Full bio David Rundell served as an American diplomat for thirty years in Washington, Bahrain, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. He is the author of VISION OR MIRAGE: Saudi Arabia at the Crossroads (I.B. Tauris, September 17, 2020). Widely regarded as one America's leading experts on Saudi Arabia, he spent fifteen years in the country where he worked at the Embassy in Riyadh as well as the Consulates in Jeddah and Dhahran. His assignments in Saudi Arabia included the Chief of Mission, Charge d'Affaires, Deputy Chief of Mission, Political Counselor, Economic Counselor, Commercial Counselor, and Commercial Attaché. He has numerous awards for his analytical reporting and participated in Operation Desert Storm, Saudi accession to the World Trade Organization and the defeat of Al Qaida's terror campaign. After retiring from the Foreign Service he spent three years at the Boston-based consultancy Monitor Group before joining Arabia Analytica as a partner. He lives in Dubai and travels regularly to Saudi Arabia.

This week on the podcast our guest is Dr. Bassam Fattouh, Director of the Oxford Institute for Energy Studies (OIES).  OIES is a world leading independent energy research institute specializing in advanced research into the economics and geopolitics of energy.  Dr. Bassam Fattouh is an expert on oil markets, including OPEC, the energy transition, and the economic environment of the Middle East.  Here are some of the questions that Jackie and Peter asked Dr. Fattouh: What are the challenges of energy transition for oil producers in the Middle East? Are they diversifying into new energy types and Carbon Capture and Storage (CCS)? Were you surprised by the latest OPEC+ decision to cut production by 2 MMB/d when the US and Europe are acting to reduce oil prices? How does the Middle East view US shale oil now?  Do you see a future for Russia in OPEC? The OIES publishes publicly available papers to help understand oil, natural gas, and energy transition including – solar, hydrogen, CCS, nuclear and much more. Please see their website: https://www.oxfordenergy.org/ Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/    

This week we talk about MBS, Biden, and OPEC Plus.We also discuss the clean energy transition, fistbumps, and kowtowing.Show notes / transcript: https://letsknowthings.com/episode337 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

This week we talk about MBS, Biden, and OPEC Plus. We also discuss the clean energy transition, fistbumps, and kowtowing. Support the show: patreon.com/letsknowthings & letsknowthings.com/support Show notes/transcript: letsknowthings.com Check out my other shows & publications: understandary.com

De kernrol van Energie in Geopolitiek: Macht van de Petrodollar op de wereld. In deze aflevering bespreken wij:De wekelijkse actualiteit en de sterkere toon van Saudi Arabië tegen Amerika (01:10)Verschil tussen de oliegame en de gasgame en de overlap tussen deze (05:20)De rol van de Petrodollar in de macht van de Verenigde Staten (11:35)Landsbelang vs Regimebelang van de Arabische olielanden (21:35)De productieverlaging van de OPEC Plus en de Amerikaanse reactie (27:00)De groeiende samenwerking tussen Rusland en Saudi Arabië (35:25)De rol van de schalierevolutie in de Amerikaanse geopolitiek (43:10)Invloed van de schalierevolutie op de macht van Saudi Arabië (55:30)Nieuwe spelers in de oliegame (01:12:00)

To continue our discussion on the effects of the War in Ukraine on the energy sector, Foreign Policy columnist and Stimson Center senior fellow Dr. Emma Ashford joins us to share about her book "Oil, the State, and War: Foreign Policy of Petrostates." You can find more about this comprehensive guide to understanding petrostates and the significant role that oil plays in international relations here: http://press.georgetown.edu/book/georgetown/oil-state-and-war. Follow her on Twitter @EmmaMAshford. http://press.georgetown.edu/sites/default/files/9781647122379.jpg ABOUT THE GUEST https://www.stimson.org/wp-content/uploads/2022/08/Emma-Ashford-headshot.jpg Emma Ashford is a Senior Fellow with the Reimagining US Grand Strategy program at the Stimson Center. She works on a variety of issues related to the future of U.S. foreign policy, international security, and the politics of global energy markets. She has expertise in the politics of Russia, Europe, and the Middle East. Ashford is also a nonresident fellow at the Modern War Institute at West Point, and an adjunct assistant professor in the Security Studies Program at Georgetown University. Her first book, Oil, the State, and War: The Foreign Policies of Petrostates, was published by Georgetown University Press in 2022, and explored the international security ramifications of oil production and export in states such as Russia, Saudi Arabia, Iran, and Venezuela. Prior to joining the Stimson Center, Ashford was a senior fellow with the Atlantic Council's New American Engagement Initiative, which focused on challenging the prevailing assumptions governing US foreign policy. She was also a research fellow in defense and foreign policy at the Cato Institute, where she worked on a variety of issues including the US-Saudi relationship, sanctions policy, and US policy towards Russia, and US foreign policy and grand strategy more broadly. Ashford writes a bi-weekly column, “It's Debatable,” for Foreign Policy, and her long-form writing has been featured in publications such as Foreign Affairs, the Texas National Security Review, Strategic Studies Quarterly, the York Times, the Washington Post, the National Interest, and War on the Rocks, among others. She is a term member of the Council on Foreign Relations, and holds a PhD in Foreign Affairs from the University of Virginia. PRODUCER'S NOTE: This episode was recorded on October 24th, 2022 via Zoom. If you have questions, comments, or would like to be a guest on the show, please email slavxradio@utexas.edu and we will be in touch! CREDITS Assistant Producer/Host: Taylor Ham Associate Producer/Host: Lera Toropin (@earlportion) Assistant Producer: Misha Simanovskyy (@MSimanovskyy) Associate Producer: Cullan Bendig (@cullanwithana) Assistant Producer: Sergio Glajar Social Media Manager: Eliza Fisher Supervising Producer: Katherine Birch Recording, Editing, and Sound Design: Michelle Daniel Music Producer: Charlie Harper (@charlieharpermusic) www.charlieharpermusic.com (Main Theme by Charlie Harper and additional background music by Holizno, Broke for Free) Executive Producer & Creator: Michelle Daniel (@MSDaniel) www.msdaniel.com DISCLAIMER: Texas Podcast Network is brought to you by The University of Texas at Austin. Podcasts are produced by faculty members and staffers at UT Austin who work with University Communications to craft content that adheres to journalistic best practices. The University of Texas at Austin offers these podcasts at no charge. Podcasts appearing on the network and this webpage represent the views of the hosts, not of The University of Texas at Austin. https://files.fireside.fm/file/fireside-uploads/images/9/9a59b135-7876-4254-b600-3839b3aa3ab1/P1EKcswq.png Special Guest: Emma Ashford.

Joseph Westphal, Senior Global Fellow of Wharton's Lauder Institute and former U.S. Ambassador to the Kingdom of Saudi Arabia, joins Wharton Business Daily to talk about OPEC Plus Coalition's move to slash oil production. Hosted on Acast. See acast.com/privacy for more information.

On this episode, Misha speaks with Middle East expert Nicole Robinson who expounds on how MENA countries have responded to Russia's War in Ukraine and the reasons why. Ms. Robinson sheds some light on the future of the region as the conflict evolves and Russia's capacity to arm and feed its regional allies dwindles. Furthermore, she suggests that Russia's declining influence may allow for other actors to increase their influence in the Middle East region -- actors such as China, for example, which is one of the biggest recipients of oil and natural gas from the Persian Gulf. Ms. Robinson says it's unwise for the US to take a step back in the Middle East when it is geographically and strategically the region that is situated in between giants. This war is not only shifting great power competition, but also changing "how each of these countries think about their bilateral relationships." For more on Russia's War in Syria, listen to Ret. Col. Robert E. Hamilton's episode here: https://www.slavxradio.com/hamilton ABOUT THE GUEST https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQaNutVpZT13oUm_Eu8AovNN5d727uuySIXzA&usqp=CAU Nicole Robinson is a senior research associate in the Douglas and Sarah Allison Center for Foreign Policy at The Heritage Foundation, focusing on Middle East Policy. She researches and writes on economic, security, and political challenges facing the Middle East and North Africa, with a particular focus on the Levant region. Among other topics, she has written on women's empowerment and domestic developments in Iran, Lebanon, and Yemen. Before joining Heritage, Nicole lived in Jordan for a year and half, studying at the University of Jordan and working at the Stabilisation Network and Near East Foundation.She is fluent in Arabic and is continuing to expand her knowledge about the Middle East. Nicole received her Master's Degree in Arab Studies from Georgetown University's School of Foreign Service and holds a Bachelor's Degree in Middle East Studies from the University of Minnesota-Twin Cities. She was born and raised in Woodbury, Minnesota, and currently resides in Alexandria, Virginia. PRODUCER'S NOTE: This episode was recorded on October 21st, 2022 via Zoom. If you have questions, comments, or would like to be a guest on the show, please email slavxradio@utexas.edu and we will be in touch! CREDITS Assistant Producer/Host: Misha Simanovskyy (@MSimanovskyy) Associate Producer: Lera Toropin (@earlportion) Associate Producer: Cullan Bendig (@cullanwithana) Assistant Producer: Sergio Glajar Assistant Producer: Taylor Ham Social Media Manager: Eliza Fisher Supervising Producer: Katherine Birch Recording, Editing, and Sound Design: Michelle Daniel Music Producer: Charlie Harper (@charlieharpermusic) www.charlieharpermusic.com (Main Theme by Charlie Harper and additional background music by Broke For Free, Shaolin Dub, "Karma" by Kazka) Executive Producer & Creator: Michelle Daniel (@MSDaniel) www.msdaniel.com DISCLAIMER: Texas Podcast Network is brought to you by The University of Texas at Austin. Podcasts are produced by faculty members and staffers at UT Austin who work with University Communications to craft content that adheres to journalistic best practices. The University of Texas at Austin offers these podcasts at no charge. Podcasts appearing on the network and this webpage represent the views of the hosts, not of The University of Texas at Austin. https://files.fireside.fm/file/fireside-uploads/images/9/9a59b135-7876-4254-b600-3839b3aa3ab1/P1EKcswq.png Special Guest: Nicole Robinson.

This week on the podcast Peter and Jackie catch up on Peter's trip to Europe.  First, they talk about the political changes, both in Europe and closer to home with new Premiers in both British Columbia and Alberta. Next, they switch to the topic of energy conservation in Europe.  Did Peter see any signs that people are saving energy?  Is energy affordability and conservation a focus of the conversation? Finally, they talk about the oil markets.  Prices have softened since reaching over $120/B in June and, as a result, OPEC+ announced they would cut their production in early October.  President Joe Biden warned there would be consequences due to the production cut. Jackie and Peter discuss the potential actions that the United States could take.  Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/   

*) Lafarge pleads guilty to supporting Daesh, agrees to pay $778M fine French cement maker Lafarge has pleaded guilty to a US charge that it made payments to groups designated as terrorists by the United States, including Daesh. The admission in Brooklyn federal court marked the first time a company has pleaded guilty in the US to charges of providing material support to a terrorist organisation. Lafarge acknowledged that it paid nearly 12.8 million dollars to middlemen to keep its Syrian cement factory running in 2013 and 2014. *) Biden to release 15 mln barrels from US oil reserves: official US President Joe Biden will announce Wednesday that he's putting the final 15 million barrels on the market from a record release of US strategic oil reserves. The new tranche of oil from the Strategic Petroleum Reserve will be completing the 180 million barrel release authorised in the spring. The US decision to release oil from its reserves came in response to price hikes linked to Russia's offensive in Ukraine, a senior US official said. *) Germany's cybersecurity chief sacked over links with Russian intelligence The head of Germany's national cybersecurity agency has been dismissed following reports of possible ties to Russian intelligence. The Interior Ministry said that the head of the BSI agency was dismissed following the allegations, which "damaged the necessary confidence of the public in the neutrality and impartiality" of his management. *) Pakistan backs Saudi Arabia after OPEC+ output cut riles US Pakistan has thrown its weight behind longtime ally Saudi Arabia amid an ongoing rift over global oil production cuts and the US threatening Riyadh with consequences. Pakistan's Foreign Ministry said that in context of the OPEC Plus decision, Islamabad expresses solidarity with the leadership of the Kingdom of Saudi Arabia. Pakistan's statement comes amid rising tensions between Saudi Arabia and the US, which had strongly opposed the proposed oil production cuts by the kingdom-led oil cartel. And finally… *) Netflix subscriber numbers re-ignite after chilly start to year Netflix says it has gained more than 2 million subscribers in the recent quarter, calming investor fears that the streaming giant was losing paying customers. The company said it ended the third quarter with slightly more than 223 million subscribers worldwide, after seeing subscriber ranks ebb during the first half of the year. Netflix shares shot up more than 14 percent in after hours trading to $275 on the earnings news.

La web oficial del podcast con todos los capítulos, mensajes de voz, etc: https://www.podcasteleconomista.com Apoyar el podcast: https://ko-fi.com/economista Mi web personal, por si tienes un negocio y quieres hacerlo crecer: https://www.EconomistaJoseGarcia.com Web de respaldo del podcast, por si se cae la principal: https://mejora-y-emprende-com.castos.com Otras webs: http://www.mejorayemprende.com

Washington was all agog this week after the Biden Administration and Congressional Democrats came out swinging against the Kingdom of Saudi Arabia, which refused to influence OPEC-Plus against cutting oil production last week. The move has the potential to roil already struggling energy markets and right before the November midterm elections. Biden is hopping mad — but is he surprised? And why did it seem to take him this long to get wise to MBS's venal machinations? We talk to Middle East expert Jon Hoffman about this and other dynamics that are making the Americans look like fools and sops in the region. In the first segment, we talk about those midterms and whether or not the Ukraine War will affect them — or be affected by them.More from Jon Hoffman:The Abraham Accords and the Imposed Middle East Order -- The National Interest, 10/3/22The United States Doesn't Need to Recommit to the Middle East -- Foreign Policy, 7/11/22Counter-revolutionary? A deeper look at Israel's relationships with Arab autocrats -- Responsible Statecraft, 1/28/22Washington's Blank Check for the United Arab Emirates Must End -- Foreign Policy, 11/3/21 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit crashingthewarparty.substack.com

President Biden met with Saudi Arabia's Crown Prince Mohammed bin Salman this summer — a man he had previously accused of ordering the killing of journalist Jamal Khashoggi. But at the meeting, he met the Crown Prince with a fist bump. It all came as gas prices were rising globally, under pressure from Russia's war in Ukraine. One of Biden's goals was to convince Saudi Arabia's leaders to increase oil production. But this month, Saudi Arabia and the other oil producing countries of OPEC Plus decided to cut production by 2 million barrels a day. That move is expected to drive up gas prices, and put more money in Russia's pockets. It has prompted Democrats in Congress to call for the U.S. to rethink or even walk away from its seven-decade partnership with Saudi Arabia.NPR's International Affairs Correspondent Jackie Northam reports on where the relationship may be headed.And Sen. Bob Menendez (D-N.J.), chair of the Senate Foreign Relations Committee, explains why he plans to block future weapons sales to the Saudis.In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community. Email us at considerthis@npr.org.

Recorded on October 7, 2022 https://youtu.be/plBY2PP_e_I Episode 60 is a must listen to PetroNerds podcast with Trisha Curtis' former employer, mentor, and Washington insider, Lou Pugliaresi. Lou Pugliaresi is the President of the Energy Policy Research Foundation, Inc. (EPRINC) and joins Trisha Curtis for deep dive conversation on the Biden Administration's failed energy policies and the state of national energy security. Trisha and Lou talk at length about the Biden Administration's reaction to OPEC Plus' 2 mbd cut, Europe and LNG markets, and what the Administration would actually do if they were interested in increasing domestic oil and gas production, lowering oil prices, and increasing domestic energy security. They talk about the banks and the role of financing and ESG pressure and investing, the implications for sabotaging Nordstream 1 and 2 and the lack of long term LNG contracts being signed by Europe, and how Biden's energy policies mirror the failed energy and geopolitical policies of Europe. They talk about the massive growth in US crude oil output from 2010 to 2019 and the incredible domestic and global and benefits and geopolitical impacts that this production had on the US and the world.

Last week, OPEC Plus cut global production of oil by 2 million barrels a day. Let's unpack that. OPEC - the Organisation of Petroleum Exporting Countries - is basically a global cartel controlling oil prices. So what is OPEC Plus - the new and improved version?Also, 2 million barrels… is that a lot? Because it certainly sounds like a lot. Finally, reporting around this decision suggests that what we're seeing is the oil producers of the world siding with Russia… over the United States. As a result, the US announced they're “re-evaluating” their relationship with Saudi Arabia. Today Alec and Sascha ask: what do I need to know about OPEC Plus and their recent decision to cut oil production by 2 million barrels a day?We're asking our UK audience to help share our business news podcast – The Dive – with friends and family. You can join the referral program for free here: https://refer.fm/thedive and get rewarded for your sharing! Tell us what you think of The Dive - email us at thedive@equitymates.com. Follow our Instagram here, or find out more here. In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697. The Dive is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business Podcast, sponsored by Bell, our guests are “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of AeroDynamic Advisory and Sash Tusa of Agency Partners. Topics: — Update on US and European markets and impact on defense and aerospace shares as worries grow that central banks will further increase borrowing rates and impending recession — Implications of OPEC Plus decision to cut production to drive up oil prices — Boeing update that 737 Max jetliner unlikely to be ready for certification until next spring, after the congressionally mandated certification deadline at the end of December — American Airlines pilots union urges Congress not to exempt the Max 7 and 10 from certification requirements, while pilots from the world's largest 737 operator, Southwest Airlines, does — Eviation's successful test flight of company's all-electric Alice passenger aircraft and implications for regional air travel — Truss government's about face on plan to cut taxes while increasing government spending as Institute for Fiscal Studies suggests that 200,000 UK government jobs may have to be cut over coming years to meet budget targets — Update on Conservative Party conference and outlook for UK defense spending as recession fears loom — L3Harris' acquisition of ViaSat's Link 16 business and divesture of services unit to CAE — Ukraine's efforts to reclaim territory from Russian occupation including strike on Kerch bridge that connects Russia to occupied Crimea

On this Washington Roundtable episode of the Defense & Aerospace Report Podcast, sponsored by Bell, our guests are Dov Zakheim, PhD, former DoD comptroller, now with the Center for Strategic and International Studies, Dr. Patrick Cronin of the Hudson Institute, Jim Townsend, a former deputy assistant secretary of defense for Europe and NATO who is now with the Center for a New American Security and Michael Herson of American Defense International. Topics: — Update on legislation that could impact national security that Congress will have to address during lame duck session after November elections, including debt ceiling increase — Congressional reaction to decision by OPEC Plus nations to cut oil production to accelerate energy price increases, including punishing Saudi Arabia in particular — How Washington should respond given Riyadh's brazen attempt to undermine President Biden and Democratic electoral prospects in upcoming elections — Europe and Asia's response to the OPEC Plus move and whether it ultimately undermines the long-term interests of the cartel — Update on Ukraine's advances are Washington declines to export ATACMS long-range missiles to Kyiv as Russian forces suffer setbacks despite mobilization drive — Washington and allies continuing robust support for Ukraine despite Russian threats and nuclear saber rattling — The nuanced interpretation of Biden's “armageddon” remarks — North Korea's long-range ballistic missile tests and the combined US-South Korean response — What's next from Pyongyang including nuclear test expected as soon as this weekend — Russia and China's shielding of North Korea in the United Nations — Beijing's rhetoric as Chinese Communist Party prepares to clear life term for Xi Jinping — Biden administration's new clamp down on China's access to chip-making technology — Growing demonstrations in Iran and their implications for the longevity of the Islamic regime and outlook for a revived nuclear deal — Shifting from stopping Tehran's nuclear program to deterring a nuclear Iran

President Biden visited Florida on Wednesday to survey the damage from Hurricane Ian, which has left at least 100 people dead in that state. So far, many of those victims are older adults. Dr. Sue Ann Bell, a disaster researcher at the University of Michigan, tells us why older people are especially vulnerable during natural disasters.The OPEC Plus coalition, led by Russia and Saudi Arabia, said it will cut oil production by 2 million barrels a day, which is expected to push energy prices higher around the world. The move would benefit Russia, and help finance its war against Ukraine.And in headlines: anti-government protests in Iran entered a third week, actor Alec Baldwin agreed to settle with the family of Halyna Hutchins, and longtime lesbian icon Velma Hinkley comes out in the latest Scooby Doo movie.Show Notes:The Partnership for Inclusive Disaster Strategies – https://disasterstrategies.org/AARP Disaster Resilience Tool Kit – https://tinyurl.com/26jvwd3bVote Save America: Every Last Vote – https://votesaveamerica.com/every-last-vote/Crooked Coffee is officially here. Our first blend, What A Morning, is available in medium and dark roasts. Wake up with your own bag at crooked.com/coffeeFollow us on Instagram – https://www.instagram.com/whataday/For a transcript of this episode, please visit crooked.com/whataday 

Highlights:     “Saudi Arabia and Russia, acting as the de-facto leaders of OPEC Plus, got the organization to agree on cutting oil production by 2 million barrels a day, that's 2% of global oil production, in order to force a global increase in the price of oil.” “What's happening right before our very eyes is Putin and OPEC are setting the stage for the fall of Europe's remaining liberal governments. We've already seen it in Sweden, with the election of a nationalist-populist coalition; in Italy, with the most rightwing and yes, relatively pro-Russian government in decades; we're seeing it in Orban's Hungary and Serbia and the like. Everywhere we look, liberal globalist governments in Europe are on the brink.” Timestamps:        [01:20] Why OPEC leaders decided to cut oil production  [03:00] How this decision is a total humiliation to the EU and the Biden administration [06:18] Why the globalist world order is about to fall Resources:  Watch how Michael Lush is helping you Replace Your Mortgage at: https://replaceyouruniversity.com/what-we-do/pay-off-your-home?rfsn=6642132.54955b Learn how to protect your life savings from inflation and an irresponsible government, with Gold and Silver. Go to http://www.turleytalkslikesgold.com/ 1186 Facebook COLLAPSING! Offices CLOSED as Meta in FREEFALL!!! Get Over 66% OFF All of Mike Lindell's Products using code TURLEY: https://www.mypillow.com/turley Watch my new movie The Return of The American Patriot: The Rise of Pennsylvania Now at https://drsteveturley.locals.com/post/2594436/the-return-of-the-american-patriot-the-rise-of-pennsylvania Join Dr. Steve's Exclusive Membership in the Insiders Club and watch content he can't discuss on YouTube during his weekly Monday night show!: https://insidersclub.turleytalks.com/welcome Get Your Brand-New PATRIOT T-Shirts and Merch Here: https://store.turleytalks.com/ It's time to CHANGE AMERICA and Here's YOUR OPPORTUNITY To Do Just That! https://change.turleytalks.com/ Fight Back Against Big Tech Censorship! Sign-up here to discover Dr. Steve's different social media options …. but without censorship! https://www.turleytalks.com/en/alternative-media.com Thank you for taking the time to listen to this episode.  If you enjoyed this episode, please subscribe and/or leave a review. Do you want to be a part of the podcast and be our sponsor? Click here to partner with us and defy liberal culture! If you would like to get lots of articles on conservative trends make sure to sign-up for the 'New Conservative Age Rising' Email Alerts.

John talks about OPEC's plan to cut oil production by 2 million barrels per day and how the GOP will blame Biden for the higher gas prices. Then he talks with Bob Cesca on Politics and more. Next he chats with Kendall and Bruce both from California. Then finally comedy daddy Keith Price joins in and they talk to Richie, and then Cela.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something that will help Russia raise oil revenues and support its invasion of Ukraine. Ryan Chilcote joined Amna Nawaz to discuss the impact. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Ukraine has managed to take back significant territory in just the past few weeks, including the strategically important city of Lyman. Opec Plus, the international oil cartel, says it plans to cut production quotas by 2 million barrels a day, starting next month. That's around 2% of worldwide production. The U.S. accuses Opec of doing this, in part, to help Russia. Breaking news from Thailand, where officials say a former police officer attacked a daycare center this morning and killed more than 30 people. At least 22 of the victims are children, as young as two years old. Police say he killed his wife and child at their home after the attack, and then shot himself to death. President Biden toured some of the damage from Hurricane Ian in Florida yesterday with Florida Governor Ron Desantis, a possible rival for the presidency in 2024. The Daily Beast reports the woman who told the website that the Republican Senate candidate, Herschel Walker, paid for her abortion in 2009, now claims she is the mother of one of his children. He's denying this report, too. Republican leaders continue to back Walker in his crucial race in Georgia against Democratic Senator Raphael Warnock. Breaking news overnight from California, where police found the bodies of a family of four that had been kidnapped earlier this week. They were found the same day that a video was released, showing a masked man kidnapping the family members from their trucking business at gunpoint. Baldwin and his fellow producers have reached a settlement with Halyna Hutchins' family, who was accidentally shot and killed by Baldwin on the set of his movie "Rust." The deal will allow production to resume, but a criminal investigation is still underway.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something that will help Russia raise oil revenues and support its invasion of Ukraine. Ryan Chilcote joined Amna Nawaz to discuss the impact. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Dass der DAX nach der Rallye wieder abgegeben hat, ist keine Überraschung. Dass es nur 1,5 % waren, schon eher und spricht für eine recht robuste Gemütslage der Anleger. 12.517 zeigt die DAX Tafel am Abend. Beim MDAX ist das Minus mit 2,2 % doch deutlicher. 22.983 Punkte. Ein Dämpfer zur Unzeit kommt vom Ölkartell OPEC Plus. Im November sollen die Fördermengen deutlich gedrosselt werden. Mitten in der Energiekrise. Der US-Arbeitsmarkt mag so gar nicht in den Rezessionsmodus schalten. 208-tausend neue Stellen im September sind mehr als erwartet und eine robuste Zahl. Damit sollte auch der offizielle Bericht der Regierung am Freitag solide ausfallen. Anleger sehen das aber derzeit als Belastungsfaktor, denn wenn der Jobmarkt brummt, wird die US-Notenbank doch den großen Zinsschritt machen von 75 Basispunkten.

ASX 200 SPI Futures down 27 pointsDow fall 42 points (0.14%) after 2% loss erased on derivatives trade.S&P 500 dowwn 8 points (0.2%)Nasdaq down 28 points (0.25%)US 10 year yields 3.753% pushing back up as was USD Index up 1%Gold falls US$31.80 (1.8%) on USD move.Oil rises 2% on OPEC Plus 2m barrel a day cut.Iron ore unchanged. Metals slightly positive nickel up 2.3%US data still pointing to strong labour market. Jobs number Friday.Nothing early on corporate front.Catch up on all the latest with Henry Jennings on today's Pre-Market Podcast.Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

OPEC-plus has decided to cut oil production starting from next month. What does it mean for the current energy crisis in Europe (00:43)? China has published the list of the top 500 Chinese enterprises. Who is on the list this year (19:26)?

①OPEC Plus has announced a small oil production cut for October. What's the background? (00:50) ②Liz Truss seeks a two-year package of energy relief for households and business in the UK upon becoming the country's Prime Minister. Will she succeed? (12:30) ③China accuses the U.S. of conducting a cyber attack on a Chinese university.(26:00) ④China condemns the U.S. approval of a new round of arms sales to Taiwan. What are the latest? (36:16) ⑤China releases the list of top 500 Chinese enterprises for 2022. Who topped the list? (46:00)

Amena Bakr, Chief Opec Correspondent at Energy Intelligence, discussing OPEC Plus decision to increase production of daily oil supply, in a bid to help ease high prices.

Oil Analyst Tom Kloza

The vote by Spirit Airlines shareholders over a potential merger with Frontier is facing yet another delay. Former Airline CEO David Banmiller gives us his predictions for this deal, as well as for the future of airline consolidation. Plus OPEC and OPEC Plus are meeting today, with sources saying no big policy changes are expected. Louise Dickson of Rystad Energy breaks down the latest performance of oil prices. And, with markets preparing to close out its worst first half since 1970, how should Wall Street proceed? Peter Boockvar of Bleakley Financial Group, Phil Palumbo of Palumbo Wealth Management, and Amy Wu Silverman of RBC Capital Markets weigh in.

i #3fattori del 3 giugno

Energieleverancier Engie stelt voor dat België mee eigenaar wordt van de kerncentrales, als die dan toch verlengd moeten worden. Meerderheid en oppositie spelen met het idee. De landen van oliekartel OPEC Plus buigen voor westerse druk en gaan meer olie produceren. Maar is dat genoeg om Europa van Russische olie af te helpen? En lijkt je Instagram dezer dagen steeds meer op Tiktok? Da's geen toeval. Onze expert legt uit hoe dat komt, en waar het nog naartoe gaat. Host: Bert Rymen Productie: Roan Van Eyck  See omnystudio.com/listener for privacy information.

The group of oil-producing nations has so far resisted calls to increase global oil supplies; oil prices fall ahead of OPEC Plus meeting; Fed survey shows early signs of changing consumer behavior; influential Meta executive Sandberg to depart Learn more about your ad choices. Visit podcastchoices.com/adchoices

The group agreed to increase exports over the summer; private payrolls add less-than-expected 128,000 jobs in May; weekly initial jobless claims total 200,000; Microsoft says earnings dented by strengthening dollar Learn more about your ad choices. Visit podcastchoices.com/adchoices

Plate, Janwww.deutschlandfunk.de, Wirtschaft am MittagDirekter Link zur Audiodatei

Plate, Janwww.deutschlandfunk.de, Wirtschaft am MittagDirekter Link zur Audiodatei

US stocks posted their second losing session in a row, the Dow finished down 177 points (-0.54%). Economic data came in hotter across the board indicating the economy is still running hot. SPI Futures are pointing to a 55 point loss today. Catch up on the latest with Henry's Breakfast Briefing.ASX 200 SPI Futures down 55 points Dow down 177 points (0.5%0Nasdaq down 87 (0.7%)S&P500 down 31 (0.8%)Oil up 0.6% ahead of OPEC Plus. Gold unchanged.Iron ore up 1.4%.Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.

【國際新聞 DJTALK 】2022.03.31 【國際新聞 DJTALK 】烏克蘭最新/普丁答應用歐元付錢/中國離婚人口減少/中索安全協定/日美韓三方軍事會談 1. 烏克蘭最新（美國研判普丁沒有收到正確戰場情報＋美國追加 5 億美金增援） 2.普丁同意俄羅斯產的天然氣，使用歐元結算+ OPEC Plus 維持原本的生產幅度 3.中國景氣指數下跌，夫妻離婚數也下跌 4.中國索羅門確定簽署安全保障協定 5.日美韓軍方高層夏威夷會談 #Dennis #福澤喬 製作人： #KIMI #國際新聞 #DJTALK #DENNIS全球政治筆記 #Joel來談日本 --- Send in a voice message: https://anchor.fm/dennisglobalpolitics/message Support this podcast: https://anchor.fm/dennisglobalpolitics/support

【國際新聞 DJTALK 】2022.03.31 【國際新聞 DJTALK 】烏克蘭最新/普丁答應用歐元付錢/中國離婚人口減少/中索安全協定/日美韓三方軍事會談 1. 烏克蘭最新（美國研判普丁沒有收到正確戰場情報＋美國追加 5 億美金增援） 2.普丁同意俄羅斯產的天然氣，使用歐元結算+ OPEC Plus 維持原本的生產幅度 3.中國景氣指數下跌，夫妻離婚數也下跌 4.中國索羅門確定簽署安全保障協定 5.日美韓軍方高層夏威夷會談 #Dennis #福澤喬 製作人： #KIMI #國際新聞 #DJTALK #DENNIS全球政治筆記 #Joel來談日本 --- Send in a voice message: https://anchor.fm/dennisglobalpolitics/message Support this podcast: https://anchor.fm/dennisglobalpolitics/support

1. 烏克蘭最新（美國研判普丁沒有收到正確戰場情報＋美國追加 5 億美金增援） 2.普丁同意俄羅斯產的天然氣，使用歐元結算+ OPEC Plus 維持原本的生產幅度 3.中國索羅門確定簽署安全保障協定 4.日美韓軍方高層夏威夷會談 5.中國景氣指數下跌，夫妻離婚數也下跌 #Dennis #福澤喬 製作人： #KIMI #國際新聞 #DJTALK #DENNIS全球政治筆記 #Joel來談日本 #今夜一杯

From Riyadh & Washington, DC: Culturally, economically, and socially the Kingdom of Saudi Arabia is implementing Vision 2030. Looking to the future, Vision 2030 was launched in 2016 to support innovation, sustainability, and diversity in the Kingdom. Sustainable development is central to Vision 2030, as evidenced by the announcement of the Saudi Green Initiative and the creation of Neom. Neom is a smart city on the Red Sea to be powered completely by renewable energy. The Kingdom has played a leading role in OPEC, OPEC Plus, The League of Arab States, and the G-20. There are five UNESCO World Heritage sites in the Kingdom including Al-Ula in the northwest region of the Kingdom. The country has taken several measures to encourage tourists to discover the Kingdom. Guest: Mr. Fahad Nazer is the official spokesperson for the Embassy of the Kingdom of Saudi Arabia to the United States in Washington, DC. Given his extensive knowledge of and experiences in Saudi Arabia, he highlights the cultural and economic transformation currently underway in the Kingdom.

This is Gabriel Rench with your CrossPolitic Daily News Brief for Monday, April 13th, 2020. 99% of Those Who Died From Virus Had Other Illness, Italy Says bloomberg.com/news/articles/2020-03-18/99-of-those-who-died-from-virus-had-other-illness-italy-says According to Bloomberg News: “More than 99% of Italy's coronavirus fatalities were people who suffered from previous medical conditions, according to a study by the country's national health authority. After deaths from the virus reached more than 2,500, with a 150% increase in the past week, health authorities have been combing through data to provide clues to help combat the spread of the disease. The average age of those who've died from the virus in Italy is 79.5. As of March 17, 17 people under 50 had died from the disease. All of Italy's victims under 40 have been males with serious existing medical conditions.” AG Barr to take action against government officials threatening churches https://www.christianpost.com/news/ag-barr-to-take-action-against-government-officials-threatening-churches.html According to the Christian Post: “The office of Attorney General William Barr said action will be taken against officials who single out religious organizations to enforce social distancing rules in place to reduce the spread of the new coronavirus. “During this sacred week for many Americans, AG Barr is monitoring govt regulation of religious services,” Barr spokeswoman Kerry Kupec wrote on Twitter Saturday night ahead of Easter. “While social distancing policies are appropriate during this emergency, they must be applied evenhandedly & not single out religious orgs. Expect action from DOJ next week!” AG Barr is absolutely right that rules need to be applied evenhandedly. State after state has implemented arbitrary standards with little or no justification. Why can Amazon or Walmart remain open and churches closed? What is an essential job and what is a non-essential job? Why can Mayor De Blasio go workout at his local gym and threaten to close churches permanently if they hold a service? Or the Mayor of Greenville, Mississippi orders cops to ticket parishioners of a driven worship service, while the cops don't wear facemask?  And just this past Sunday, parishioners showed up for an Easter Service Maryville Baptist Church in Hillview, Kentucky, only to find nails scattered in the parking lot entrance. Police show up, not to investigate the vandalism, but to record license plates and place warning signs on everyone's cars. This was at the order of Gov. Andy Beshear. https://www.theblaze.com/kentucky-church-police-license-plates-nails Meanwhile Senator Rand Paul, you know the Republican Senator from Kentucky, tweeting this: “Taking license plates at church? Quarantining someone for being Christian on Easter Sunday? Someone needs to take a step back here. Kentucky Governor Announces Plan to Record License Plates of Easter Church Goers and Force Them to Quarantine for 14 Days” Coronavirus may give President Trump a long-sought chance to privatize the Postal Service https://news.yahoo.com/trump-coronavirus-privatize-us-portal-service-173250637.html "Amid a cash crunch threatening to put the U.S. Postal Service out of business, the Trump administration is being accused of blocking bipartisan efforts to provide money to the agency as part of a long-sought conservative effort to privatize mail delivery. The coronavirus pandemic has led to a precipitous drop in mail deliveries, worsening a crisis for an already financially troubled service. Last week, Postmaster General Megan Brennan said financial woes exacerbated by the pandemic could cause the agency to run out of money by October. The $2 trillion coronavirus stimulus package passed on March 25 did not provide assistance for the Postal Service, despite bipartisan support for the funding, according to an aide to the Senate Homeland Security and Governmental Affairs Committee, which has jurisdiction over the Postal Service. Instead, the legislation only allowed the Postal Service to borrow $10 billion from the Treasury Department. While the administration says it is working with the Postal Service, Ronnie Stutts, the president of the National Rural Letter Carriers Association, accused the White House and Treasury Department of blocking postal funding as part of an effort to privatize the agency. “Everything was going good with this until they got to the White House,” Stutts said. Yahoo News goes on to report: “While the Postal Service is a quasi government agency, it is in a unique position since it has not been funded by taxpayer dollars since the 1980s. Instead, the post office relies on its own revenue from mail services. While the Postal Service has made a profit, it has been facing financial woes since 2006, when legislation was passed requiring the Postal Service to pre-fund retirement for its workers. Prior to the coronavirus pandemic, the Postal Service was already in dire straits with its liabilities and debt vastly outpacing revenue. Last year, the U.S. Government Accountability Office described the “overall financial picture” of the Postal Service as “deteriorating and unsustainable.”" OPEC+ reaches deal on record oil supply cut amid coronavirus pandemic https://www.foxbusiness.com/markets/opec-plus-deal-global-oil-supply-cut According to Fox Business: "OPEC, Russia and other oil-producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support oil prices amid the coronavirus pandemic. The group, known as OPEC+, agreed to reduce output by 9.7 million barrels per day (bpd) for May-June, after four days of marathon talks and following pressure from U.S. President Donald Trump to arrest the price decline. Two OPEC+ sources told Reuters the deal had been sealed in a video conference on Sunday, and the agreement was confirmed in a statement from by Kazakhstan's energy ministry. In the biggest oil output cut ever, the countries will keep gradually decreasing curbs on production in place for two years until April 2022." In responsTrump tweeted: “The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!” Oil started out at $70 per barrel and is currently sitting at $32 per barrel, because of the oligarchy infighting and the coronapanic.  This is Gabriel Rench with Crosspolitic News. Support Rowdy Christian media and join our club at fightlaughfeast.com. We really can't grow without our club members support, so please consider joining our club. Just three starbucks cups of coffee a month, you get a Fight Laugh Feast t-shirt, discount to our annual conference, and access to master classes on parenting, Christian business principles, God and Government, and backstage interviews with people like Voddie Baucham, Douglas Wilson, James White, Tom Ascol, Erick Erickson, and David French. You can find all our shows on our app, which you can download at your favorite app store, just search “Fight Laugh Feast”. Lastly, we hope to meet you at our first annual Fight Laugh Feast Conference in Nashville, TN October 1st through the 3rd. Go to fightlaughfeast.com to register now. Have a great day. Lord bless  

In the run up to the Middle East Energy next week, we get the insight from Saudi energy expert Dr. Yousuf Al Shammari. He puts together the pieces of the puzzle, from Russian sanctions to the price YOU pay at the pump and what can we expect from OPEC Plus meeting tomorrow. Plus, what does the the lifting of pre-departure PCR tests to come to the UAE mean for the events industry? We speak to the boss of the Coca cola Arena, Mark Jan Kar. And as high level visitors continue to make their way to expo in the final month of the event. It's St David's Day - so we speak to the Welsh Government Economy Minister Vaughan Gething. See omnystudio.com/listener for privacy information.

The UAE has signed a Dhs60 billion deal to buy fighter jets from France – with an extra Dhs10 billion on military helicopters. The deal was signed by French President Emmanuel Macron during a visit to the UAE; shares of Dassault Aviation climbed 10% in Paris. We get the reaction from French Ambassador to the UAE, H.E. Xavier Chatel. Plus, OPEC Plus met to decide what to do about new covid variants and extra barrels from President Biden. Energy expert Matt Stanley tells us what it means for the oil price under Richard's Christmas Tree. And Bitcoin is making headline over the weekend. We get the thoughts of Nagham Hassan, a crypto content creator, about the story behind the dramatic swing. See omnystudio.com/listener for privacy information.

S&P up for a sixth session in a row and NASDAQ at another fresh record. SPI Futures up 20 points. Get up to speed with Henry's Breakfast Briefing. ASX SPI Futures up 20 points.US markets better with more records. BoE keeps rates on hold.LNK sees offer from Carlyle.Oil slips on OPEC Plus.Gold up 1.7%Square falls 5% after results.Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.

In this special episode on the global energy crisis, Trisha Curtis takes you through the global energy markets to explain how this rise in energy prices happened and why it matters.  This episode starts with oil prices and OPEC Plus and their decision to maintain output increases of 400,000 bd on October 4, 2021.  From […]

Como siempre, te dejo las webs: http://www.mejorayemprende.com http://www.EconomistaJoseGarcia.com La web del podcast con todos los capítulos: https://mejora-y-emprende-com.castos.com Y te invito a Unirte al Escuadrón de Notificaciones: https://mailchi.mp/b130f43f69e6/mejorayemprende PODCAST RELACIONADO: https://mejora-y-emprende-com.castos.com/episodes/el-hundimiento-de-china-evergrande-alibaba-gdp-economia-crisis-colapso-energia-belt-and-road-banco-asiatico-baii-crypto-deuda-latam-australia-japon-crackdown

Tech weighed heavily on US equity markets as investors continues to weigh firming inflation, waning policy accommodations and a return to some kind of normal with respect to the pandemic. In this recap, we also cover energy's rise & the OPEC Plus meeting as well as the latest out of China. Tickers Mentioned: TSLA, GE, FB, QCOM,JELD, MRVL

In this episode of the PetroNerds podcast, your host Trisha Curtis, CEO of PetroNerds, takes you on a 47 minute world wind tour of the oil market, oil prices, the International Energy Agency (IEA) and OPEC's monthly market reports, inflation, the White House Press Briefing on August 11th, 2021 on inflation and OPEC, the US Consumer Price Index (CPI), and China's coal fired steel mill surge. This podcast is another must listen to episode and jam packed with market intel. Trisha goes through the recent drivers in oil price declines, rampant inflation in the US and the Consumer Price Index and dovetails this all into monthly market reports from the IEA and OPEC and the White House Press Briefing on the Biden Administration's claims that inflation is not as bad as it seems and the need for and call on OPEC and OPEC Plus to increase production and lower gasoline prices. As always, she sprinkles in valid information on China and oil demand and closes the podcast on some recent data brought to light in a Financial Times article titled "China Puts Growth Ahead of Climate with Surge in Coal Powered Steel Mills." The post Biden's Call to OPEC, Inflation, and China's CO2 | Petronerds Podcast appeared first on Digital Wildcatters.

In episode 21 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy get into the weeds on the Saudi and UAE production volumes and disputes in the latest OPEC Plus meeting or non meeting debacle. They talk about oil prices and the risks to the upside and downside as well as activity in the US and what is happening with US oil demand. They conclude with an impressive analytical link between Chinese human right abuses and forced labor issues in the province of Xinjiang, Chinese solar panels, and well known names from the Exxon and Engine No. 1 ordeal, Vanguard, State Street, and Blackrock. (Correction: Trisha said "Stay Street" in the podcast and meant "State Street") This is a must listen to episode folks! The link to the South China Morning Post article can be found here. The post OPEC Plus, US Oil, and Chinese Solar in Xinjiang | Petronerds Podcast appeared first on Digital Wildcatters.

https://youtu.be/KlOO9q5n9-M In episode 21 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy get into the weeds on the Saudi and UAE production volumes and disputes in the latest OPEC Plus meeting or non meeting debacle.  They talk about oil prices and the risks to the upside and downside as well as activity in the US and what is happening with US oil demand.  They conclude with an impressive analytical link between Chinese human right abuses and forced labor issues in the province of Xinjiang, Chinese solar panels, and well known names from the Exxon and Engine No. 1 ordeal, Vanguard, State Street, and Blackrock.  (Correction: Trisha said “Stay Street” in the podcast and meant “State Street”) This is a must listen to episode folks! The link to the South China Morning Post article can be found here. Trisha will be speaking at DUG on Tuesday, July 13th, check out the agenda here.

We ask Shaun Robison of the Education Intelligence Group, after the UAE government announced that the ten-year 'golden' residency visa will be given to outstanding high school graduates along with their families. Plus, there's been a big jump in UAE employment, according to new PMI data. We crunch the numbers with Emirates NBD economist Daniel Richards. And, Surina Kelly explains the new home quarantine rules in the capital.  See omnystudio.com/listener for privacy information.

Hackers demand $70 million ransom; OPEC Plus oil production talks crumble; investor group calls for global carbon price standards

Investors will be watching crude prices again to see if "OPEC Plus" can get an output deal, after talks failed last week; Preventable injuries are the leading cause of death for Canadians between the ages of 1 and 44; Fishing closures on the west coast have fishermen rethinking their summer plans and their futures; We take to you a ceremonial demolition of a B.C. residential school; Mask wearing in British Columbia is no longer mandated in public spaces, but some healthcare workers say it's a little too early to be getting rid of them just yet; Will the Tokyo Olympics become a superspreader COVID nightmare?; Prince George places and faces are stars of the show in a new film called The Vintage Diary; Possible tornado knocks out power to North Peace.

https://youtu.be/acQ6om9uc6k In episode 10 of the PetroNerds podcast, Trisha and Ethan continue the discussion of the Permian Basin's rising rig count, oil prices, and spare OPEC Plus capacity. They also begin what is sure to be a more lengthy discussion on Biden's Infrastructure Plan and associated Tax Plan, what Trisha calls unfair comparisons to China, and go through the Department of Interior's nearly four hour virtual forum on oil and gas leasing on Federal Land and Offshore Waters and the executive order on Climate Change, which prompted the forum and review. (Note and clarification. As of January 2021, Doublepoint Energy, LLC was producing over 60,000 bd with nearly all of the production coming from 184 horizontal wells. Doublepoint has 184 active horizontals and 386 active vertical wells according to Enverus.)

https://youtu.be/-WYoqehIpDs In the 9th episode of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy talk about the rise in the US rig count, OPEC Plus adding barrels to the market, the role of the Saudis in these moves, oil demand and oil supply, oil demand growth in the US, China importing 1 mbd from Iran, and the trouble with Indian and Chinese coal consumption and CO2 emissions.

https://youtu.be/B98nURAjVCo Trisha Curtis and Ethan Bellamy bring you a special two part St. Patrick's Day special diving into hot oil prices, inflation, OPEC Plus compliance, and a real discussion and attempt to help listeners define and better understand the term “energy transition” and give it some actual context. Episode 7 is part 1 of this not to be missed discussion on what the energy transition is and how academics are defining it as well as a discussion on the newly released and rather controversial IEA 2021 Oil Report released on March 17, 2021 with some very aggressive oil demand reduction forecasts. Trisha talks about oil demand forecasts, the concept of the energy transition, and begins getting into China and their new 5 Year Plan.

https://youtu.be/_7_JK-JjZuA Trisha Curtis and Ethan Bellamy dissect the OPEC Plus meeting the first week of January and the surprise 1 mbd cut by the Saudis, and Trisha explains her more nuanced views on how the Russians and the Saudis are viewing near term demand and oil prices. WTI is $52 and Brent is $55.  Ethan and Trisha get nerdy on European oil companies ENI and BP. Trisha talks about ENI's comments regarding the to push to lower breakeven prices into the low $40s/barrel and Rosneft moving into the Arctic, a company BP has a large stake in.  Trisha gets into the weeds on BP's “peaked demand” outlook and Ethan discusses LNG exports, the US' maxed out capacity, and pipeline buildout across the major gas plays.    And yes, Trisha and Ethan discuss and predict a ban on fracing and leasing on Federal land by the Biden administration.   They continue to discuss their thoughts and projections on US oil and gas supply.   Correction – Trisha mistakenly said Permian Basin production was 3.9 mbd prior to COVID, but meant 4.9 mbd. To clarify, production is now around 4.2 mbd.”

OPEC Plus' relationships in the Americas are complex and extend far beyond oil. With linkages growing ever stronger, the various impacts are turning into headlines. Tune into your weekly oil market briefing to learn more. Hosted on Acast. See acast.com/privacy for more information.