In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy headlines, including the U.S. House passing a bill to ban the Federal Reserve from issuing a digital currency, the swift sellout of Saudi Aramco's $12 billion IPO, and Russia's new ship-to-ship oil transfer hotspot in the Mediterranean. They also cover the growing renewable energy challenges in the U.S. Northeast, potential impacts of U.S. shale mergers on oil prices, and the sharp decline in crude oil prices following OPEC's decision to extend production cuts.

Highlights of the Podcast

00:00 - Intro

01:22 - U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

03:53 - Saudi Aramco’s $12 billion share sale sells out in mere hours

06:15 - Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean

07:52 - The renewable green energy disaster off the northeastern US is getting worse

09:35 - U.S. Shale Mergers Could Bring Steadier Oil Prices

12:58 - Oil prices fall as OPEC+ extends oil production cuts into 2025

14:11 - Oil hits four-month low as OPEC+ decision fails to allay demand worries

16:28 - Outro

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

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

June 3, 2024 Mariel Alumit

The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […]

Saudi Aramco’s $12 billion share sale sells out in mere hours

June 3, 2024 Mariel Alumit

(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […]

Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean

June 3, 2024 Mariel Alumit

Following a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off the eastern end of Morocco’s coast on the Mediterranean, according to vessel-tracking data compiled by Bloomberg. The […]

The renewable green energy disaster off the northeastern US is getting worse

June 3, 2024 Mariel Alumit

Aslow-motion collapse in the offshore wind industry continues to grow as sticky inflation and supply chain challenges force developers to delay or cancel major projects. In particular, progress towards the Biden administration’s goal of building […]

U.S. Shale Mergers Could Bring Steadier Oil Prices

June 3, 2024 Mariel Alumit

The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]

Oil hits four-month low as OPEC+ decision fails to allay demand worries

June 3, 2024 Mariel Alumit

NEW YORK, June 3 (Reuters) – Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher […]

Oil prices fall as OPEC+ extends oil production cuts into 2025

June 3, 2024 Mariel Alumit

Crude oil prices (CL=F, BZ=F) are falling after OPEC+ announced it will extend its oil production cuts into 2025. Traders widely expected this move, but some of those production cuts will begin to be phased out […]

Follow Stuart On LinkedIn and Twitter

Follow Michael On LinkedIn and Twitter

ENB Top News

Energy Dashboard

ENB Podcast

ENB Substack

– Get in Contact With The Show –