In this episode of the Energy News Beat podcast, Michael Tanner covers several topics including wind farms receiving millions to switch off due to grid constraints, Russia's record crude oil sales to India bypassing sanctions, and the oil and gas market's performance. He discusses Matador and Chesapeake's earnings reports, noting Matador's record oil production but lower revenues, while Chesapeake's decision to slow down rigs aligns with market challenges. Tanner highlights geopolitical tensions in the Middle East influencing oil prices and the impact of China's real estate market on oil demand. Overall, the day saw mixed market performance with concerns over revenue declines despite production increases in the oil and gas sector.

Highlights of the Podcast

00:00 - Intro

01:16 - Two Wind Farms Received Over $100 Million To Switch Off

03:42 - The Kremlin has never been richer – thanks to a US strategic partner

06:44 - Markets Update

08:50 - Oil settles lower, demand worries offset geopolitical price support

13:48 - Outro

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

Two Wind Farms Received Over $100 Million To Switch Off

February 20, 2024 Mariel Alumit

Regular readers will know that I have long been concerned over the extraordinary level of payments to wind farms to switch off. These so-called ‘constraint payments’ are deemed necessary when the wires in the transmission […]

The Kremlin has never been richer – thanks to a US strategic partner

February 20, 2024 Mariel Alumit

CNN — Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year, according to new analysis, which concludes that […]

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