In this episode of the Energy Newsbeat Daily Standup, breaks down the global oil and gas rebound in today’s Energy Newsbeat Daily Standup. Shell, BP, and TotalEnergies are ramping up output in Nigeria and Libya, signaling a major pivot back to fossil fuels. Meanwhile, OPEC+ production promises face real limits as members struggle to meet quotas. In the U.S., drilling slows and the EIA cuts its 2025 crude output forecast. Turley warns: without trillions in new investment, the world risks a severe supply crunch by 2030.

Highlights of the Podcast 

00:00 - Intro

00:00 - Intro

01:06 - Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications

02:27 - Shell and BP Back to Business in Libya: UK Oil Giants Follow U.S. Majors Abroad, Doubling Down on Oil and Gas

04:15 - Oil Markets Don’t Panic on the OPEC+ Production Push: Are They Maxed Out, and What Does It Mean for Global Oil Markets?

07:01 - US Cuts 2025 Crude Output Growth Forecast as Drilling Slows

09:26 - The World Needs Trillions in Oil and Gas Investment to Avoid a Supply Crunch

13:20 - Outro

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

Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications

Shell and BP Back to Business in Libya: UK Oil Giants Follow U.S. Majors Abroad, Doubling Down on Oil and Gas

Oil Markets Don’t Panic on the OPEC+ Production Push: Are They Maxed Out, and What Does It Mean for Global Oil Markets?

US Cuts 2025 Crude Output Growth Forecast as Drilling Slows

The World Needs Trillions in Oil and Gas Investment to Avoid a Supply Crunch

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