Thursday, July 3, 2025
Oil and Gas looking ahead: IEA, OPEC diverge- oil and gas 360

Oil and Gas looking ahead: IEA, OPEC diverge

Oil and Gas 360 IEA’s OUTLOOK:  America To Remain Number One The International Energy Administration’s (IEA) July Oil Market Report projects U.S. producers to extend their lead in global oil and gas production through next year. If their projection holds, 2025 would mark the seventh consecutive year of American dominance despite a sluggish year-over-year demand of 710 thousand barrels of

China and Rare earth minerals-Lower for longer - Wall Street Journal July 16, 2024- oil and gas 360

China and rare earth minerals-lower for longer

Oil and Gas 360 (Wall Street Journal)-The three-year bear market for rare earth minerals shows little sign of abating as market-dominant China continues to meet rising state-run production quotas despite falling prices. The intentional glutting is a long-used strategy to quell competition and investment in rivals.     Feeling the brunt is one of the world’s biggest rare earth miners

The road ahead: Renewable diesel & SAF- oil and gas 360

The road ahead: Renewable diesel & SAF

Oil and Gas 360 Overproduction, collapsing BO-HO spreads, and saturated D4 RIN markets complicate the near-term outlook, though new policy-driven incentives are set to take effect in 2025 The Road Ahead: Renewable Diesel and SAF A wave of federal incentives and favorable bean oil spreads brought renewable diesel and sustainable aviation fuel (SAF) producers to the table, vying to capture

U.S. turns power exporter?- oil and gas 360

U.S. turns power exporter?

Oil and Gas 360 A first in decades for lower-48 electricity trade with the U.S.’ northern partner. Mobius Intel Brief: The Canadian power grid’s significant exposure to hydropower output means it’s particularly vulnerable to variable weather patterns. This Spring’s low water levels flipped the U.S.-Canada power relationship on its head, with the United States becoming a net exporter of electricity

Mobius Intel Brief: ERCOT breaks $5,000/MWh- oil and gas 360

Mobius Intel Brief: ERCOT breaks $5,000/MWh

Oil and Gas 360 Mobius Intel Brief Texas power prices jumped from a high of less than $60/MWh on Tuesday (05/07) to over $5,000/MWh at peak net load on Wednesday (05/08) as record-warm May temperatures and high levels of generation outages combined to pressure system-wide supplies. Variable wind output showed its limitations as a power resource of the future as

Risks From China's Demographic Crisis- Why China's long-term economic outlook is complicated by an aging population and shrinking labor force- oil and gas 360

Risks From China’s Demographic Crisis- Why China’s long-term economic outlook is complicated by an aging population and shrinking labor force

Oil and Gas 360 Energy Shots (Mobius Risk Group): Why China’s long-term economic outlook is complicated by an aging population and shrinking labor force. Summary: Long-Term Growth Handicapped by Aging Population: China’s hopes to become a high-income developed country must reconcile an aging population and a shrinking working class. The country’s infamous “one-child” policy from 1980-2015 created a demographic crisis

Republican lawmakers blame IEA for straying from energy security mission- oil and gas 360

Republican lawmakers blame IEA for straying from energy security mission

Oil Price Congress leaders from the Republican Party have sent a letter to Fatih Birol, the executive director of the International Energy Agency, expressing concern that the IEA has strayed from its core mission of promoting energy security. Senate Energy and Natural Resources Committee ranking member John Barrasso (Wyo) and House Energy and Commerce Committee Chair Cathy McMorris Rodgers (Wash) wrote in

oil to trade at $85-90 next quarter even without OPEC+ cuts Gunvor predicts- oil ad gas 360

Oil to trade at $85-$90 next quarter even without OPEC+ cuts, Gunvor predicts

World Oil (Bloomberg) – Oil prices likely will trade at about $85-$90 a bbl in the third quarter even if OPEC+ producers and allies decide not to extend current supply cuts, said Gunvor Group Ltd.’s global head of research and analysis. If Saudi Arabia and allies extend cuts beyond the second quarter, that could send prices even higher, Frederic Lasserre

Europe’s new oil ally- oil and gas 360

Europe’s new oil ally

Oil and Gas 360 ExxonMobil announced yet another discovery in its coveted Stabroek block in Guyana. The Bluefin well encountered 197 feet of hydrocarbon-bearing sandstone in 4,244 feet of water, adding to Exxon’s growing list of over 30 oil discoveries in the Stabroek block since 2015. The latest announcement follows explosive growth in Guyana’s production, which benefitted from the early

Trouble for U.S. diesel and gasoline exports- oil and gas 360

Trouble for U.S. diesel and gasoline exports

Oil and Gas 360 After years of delays and running $7 billion over budget, Pemex’s CEO says the company’s new Dos Bocas (Olmeca) 340,000 bpd refinery will reach maximum production by the end of March. The new refinery will produce 170,000 bpd of gasoline and 120,000 bpd of ultra-low sulfur diesel, increasing Pemex’s fleet-wide output forecasts by 60% to 1.05

API: Biden’s tailpipe emissions ban “out of step” with American people- oil and gas 360

API: Biden’s tailpipe emissions ban “out of step” with American people

World Oil (WO) — The American Petroleum Institute (API) issued a statement from President and CEO Mike Sommers in response to reports that the Biden administration is considering changing the implementation timeline for its proposed tailpipe emissions standards: “Reports that the EPA is moving forward with a de facto ban on new gasoline-powered cars shows the Biden administration is significantly