In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses several key topics: Sinopec and Petro China report significant declines in refining output due to weakened domestic oil demand, while oil prices remain steady following a drop in crude and gasoline inventories. He highlights recent high-level meetings between Russia and Iran aimed at strengthening their cooperation and reducing reliance on the U.S. dollar. Ford faces severe losses, attributed to high costs and challenges in the EV market. Lastly, Turley criticizes ExxonMobil's legal battles in California regarding plastic recycling claims, suggesting the company should exit the state. He concludes by promoting his investment partnership in oil and gas.

Highlights of the Podcast

00:00 - Intro

01:23 - Sinopec, PetroChina Hit Hard by China’s Slowing Oil Demand

02:42 - Oil Steady After EIA Confirms Draw in Crude, Gasoline Inventories

03:41 - What Are Russia And Iran Cooking Up In Their Recent Flurry Of High-Level Meeting

05:12 - Ford Lost Another $58K For Every EV Sold In Third Quarter, Or $1.2 Billion

07:04 - California Targets ExxonMobil’s Plastic Recycling Claims In Latest Lawfare Against Big Oil

07:58 - Outro

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

Sinopec, PetroChina Hit Hard by China’s Slowing Oil Demand

Oil Steady After EIA Confirms Draw in Crude, Gasoline Inventories

What Are Russia And Iran Cooking Up In Their Recent Flurry Of High-Level Meeting

Ford Lost Another $58K For Every EV Sold In Third Quarter, Or $1.2 Billion

California Targets ExxonMobil’s Plastic Recycling Claims In Latest Lawfare Against Big Oil

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