In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses key energy market developments, including Saudi Arabia's budget deficit and its $90 oil requirement, the U.S. cutting its oil output forecast amid falling prices, and concerns about "peak shale" as Diamondback Energy reduces its production forecast. He also covers the ongoing legal battles involving 18 U.S. states suing President Trump over wind project shutdowns, as well as Marathon Petroleum’s Q1 earnings decline due to weak refining margins. Additionally, Turley touches on the oil price bounce-back following recent OPEC decisions and upcoming interviews with energy experts.

Highlights of the Podcast 

00:00 - Intro

01:46 - Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash

03:37 - US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge

06:10 - Peak Shale May Be Here Says Diamondback CEO

08:38 - 18 US states suing Trump over shutdown of wind projects

10:40 - Marathon Petroleum Q1 down on earnings due to weak refining margins

11:42 - Oil Prices Bounce Back From OPEC+ Bombshell

12:54 - Outro

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

Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash

US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge

Peak Shale May Be Here Says Diamondback CEO

18 US states suing Trump over shutdown of wind projects

Marathon Petroleum Q1 down on earnings due to weak refining margins

Oil Prices Bounce Back From OPEC+ Bombshell

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