Oil Demand Rising 1.6 Million Bpd

Energy News Beat Podcast

Oil Demand Rising 1.6 Million Bpd

August 07, 2024

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President and CEO of the Sandstone Group, discusses various energy-related topics in his Energy News Beat Daily. He highlights Saudi Aramco's optimistic outlook on oil demand growth, contrasting it with more conservative forecasts from other agencies. He also addresses the challenges facing Venezuela's energy industry due to political unrest, the potential increase in U.S. LNG exports to Europe, and the Biden administration's Strategic Petroleum Reserve (SPR) narrative. Turley emphasizes the ongoing reliance on fossil fuels despite the growth of clean energy and discusses how investors are capitalizing on AI's rising energy demands by investing in utility stocks.

Highlights of the Podcast

00:00 - Intro

01:37 - Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024

03:36 - How Venezuela’s Election Unrest Will Impact Global Oil Markets

04:45 - More US LNG set to flow into European energy mix in 2030s if Cheniere rubber-stamps Sabine Pass expansion

07:00 - Fact-Checking the Biden Administration’s SPR Narrative

08:33 - Clean Energy May be Growing, But It’s Not Replacing Dirty Energy

10:01 - How Investors Are Capitalizing on AI’s Insatiable Appetite for Energy

12:51 - Outro

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