Saudi Arabia has opened the oil spigots. Among the biggest beneficiaries: President Trump. https://t.co/cuVmrLicES ...

Oil Market Dynamics - Oil demand seems to be vanishing, with uncertainty about its destination [1] - Oil prices are relatively low compared to historical levels, even when compared to gas prices [2] - Low oil prices could lead to a tightening of the oil market [2] - Oil constitutes about a third of the energy consumed [2] Pricing and Historical Context - Oil averaged $60 per barrel in 2009 [1] - Oil prices in 2009, adjusted for inflation, were relatively low [1] - Oil averaged $60 per barrel in 2006 [1] Potential Future Scenarios - Low oil prices could lead to a resurgence in oil usage for power generation, especially in a world craving electrons [2]

The role of defending oil prices has flipped from the biggest exporter to the largest importer, writes @oil_gs01 https://t.co/BlLoQjb4Mq ...

Exxon Mobil is slashing 2,000 jobs worldwide, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more efficient at extracting fossil fuels https://t.co/2iwlVetUQL ...

Turning to the energy markets and oil prices under pressure this morning on a new report that OPEC plus is gearing up for another production hike. Taking a look at oil right now. We see WTI pulling back about 1 and a.5%. Brent crew pulling back about one and a quarter.Our Dan Murphy joins us now from Dubai with the very latest. Dan, good morning. Frank, good morning to you.Well, OPEC is meeting this week to discuss oil output for November. But Frank, our sources have actually pushed back on these reports, s ...

Geopolitical Risks & Oil Prices - The market is not significantly reacting to US-Venezuela tensions, with some speculating that a regime change could increase Venezuelan oil supply [1][2] - Industry observers are closely monitoring potential Israeli strikes on Iran and the residual Iranian nuclear capacity, despite the US seeming content to stand down after the 12-day war [6][7][8] - Escalation in the Middle East, such as Israeli strikes on Hamas negotiators in Doha, suggests Israel's continued security interests in the region and potential renewed focus on Iran [8] Market Dynamics & Supply - Some market participants anticipate a significant oversupply in Q4, contributing to a bearish outlook [11][12] - Continued buying for the Chinese strategic petroleum reserve and Ukrainian attacks on Russian energy infrastructure are supporting oil prices [12] - Ukrainian drone attacks on Russian refineries and pipelines are targeting Russia's energy infrastructure, potentially leading to shut-ins of Russian production due to limited storage capabilities [13][14] Venezuela's Oil Industry - Restructuring and returning Venezuela's oil exports to previous levels will be a multi-year, expensive process, complicated by Chinese and Russian interests [4] - Venezuela's exports have rebounded slightly, but are still millions of barrels below previous levels from decades ago [4]

Without Beijing’s buying the world's surplus oil, prices would be even lower today, writes @JavierBlas (via @opinion) https://t.co/7uvWR7nTMv ...

heady goals 750 billion in energy. You guys want to sell it. You want to triple energy sales to Europe in the next three years.We talked a little bit with your colleague and friend Secretary Bergam about it yesterday. But realistically, how do we do that in the United States. How do the Cheners, the Venture Globals, the Exxons, the Shells, the Seas, how do they accomplish those goals.So, number one, there's still a lot of gas from Russia going into Europe. 15% of Europe's gas supply still comes from Russia. ...

Market Trends - UK stocks are expected to extend gains [1] - Oil prices are climbing [1]

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