In this episode of the Energy News Beat Daily Standup, the hosts discuss various energy-related topics. They cover OPEC's influence on oil prices in 2024, highlighting concerns about lower demand and rising non-OPEC supply. The hosts also touch on the impact of U.S. oil producers adding 1 million barrels per day to the market. The conversation shifts to ExxonMobil's Golden Pass LNG project in Qatar, expressing concerns about foreign ownership of critical U.S. energy assets. There's a mention of Venezuela's actions affecting Chevron's operations in Guyana. The hosts discuss a federal appeals court rejecting Berkeley, California's natural gas ban and the regulatory challenges leading Chevron to impair its California oil and gas production assets, resulting in a significant charge. Overall, the discussion emphasizes the complex dynamics and challenges within the global energy landscape.

Highlights of the Podcast

00:00 - Intro 

01:18 - OPEC’s Influence on Oil Prices To Remain Significant In 2024  

07:38 - QatarEnergy, ExxonMobil moving forward with Golden Pass LNG work  

11:56 - Appeals court delivers fatal blow to California city pushing natural gas ban  

14:24 - Chevron impairs California oil, gas production assets due to regulatory challenges  

15:57 - Outro

Please see the links below for articles that we discuss in the podcast.

OPEC’s Influence on Oil Prices To Remain Significant In 2024

Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC’s share in the global total may […]

QatarEnergy, ExxonMobil moving forward with Golden Pass LNG work

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas. State-owned QatarEnergy owns a 70 percent stake in the […]

Appeals court delivers fatal blow to California city pushing natural gas ban

Afederal appeals court rejected a petition Tuesday to rehear a case related to a natural gas ban proposed by the City of Berkeley, California, which the panel ruled was illegal last year. The U.S. Court of Appeals […]

Chevron impairs California oil, gas production assets due to regulatory challenges

(Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the […]

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