In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various topics including oil demand surpassing expectations, California's gas prices driven by policy choices, Exxon Mobil doubling its LNG portfolio ahead of schedule, and PetroChina booking record profits due to soaring natural gas and fuel demand. They also touch on geopolitical tensions impacting oil prices and Shell selling its interest in a U.S offshore wind joint venture to refocus on oil and gas. The conversation emphasizes the complexities of the energy market, with a focus on market trends, financial updates, and industry strategies.

Highlights of the Podcast

00:00 - Intro

01:36 - Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude

04:44 - Don’t let California politicians gaslight you. Higher gas prices are driven by deliberate policy choices.

07:18 - Exxon Mobil Ahead of Schedule in Doubling LNG Portfolio, Executive Says

10:41 - PetroChina Books Record Profit as Natural Gas and Fuel Demand Soar

13:58 - Oil settles higher as Russia orders output cuts, geopolitical tensions persist

16:26 - Shell sells interest in U.S. offshore wind joint venture as company refocuses on oil and gas

18:42 - Outro

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

Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude

March 25, 2024 Mariel Alumit

The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident […]

Don’t let California politicians gaslight you. Higher gas prices are driven by deliberate policy choices.

March 25, 2024 Mariel Alumit

Gas prices in California are the highest in the nation, and the state recently announced its policies are about to drive them even higher. A recent Los Angeles Times editorial completely misrepresented the root causes and attempted […]

Exxon Mobil Ahead of Schedule in Doubling LNG Portfolio, Executive Says

March 25, 2024 Mariel Alumit

(Reuters) — Exxon Mobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own […]

PetroChina Books Record Profit as Natural Gas and Fuel Demand Soar

March 25, 2024 Mariel Alumit

A rebound in Chinese natural gas demand and rising fuel sales pushed the earnings of state oil and gas giant PetroChina to a record high in 2023, despite the drop in international oil and gas […]

Oil settles higher as Russia orders output cuts, geopolitical tensions persist

March 25, 2024 Mariel Alumit

HOUSTON, March 25 (Reuters) – Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset the United Nation’s […]

Shell sells interest in U.S. offshore wind joint venture as company refocuses on oil and gas

March 25, 2024 Mariel Alumit

(WO) – Shell New Energies US LLC has sold its 50% equity share in SouthCoast Wind Energy LLC to joint venture partner Ocean Winds North America LLC. SouthCoast Wind is a 50-50 joint venture between […]

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