Oil services giants $SLB and $HAL both singling out a slowdown in activity in Saudi Arabia (linked in part to delays in the development of the the large Jafurah unconventional gas field) #OOTT #SaudiArabia

Data center 101 - they need reliable 24/7 power. Baker Hughes sees data center #NatGas demand growth faster than expected. "The growing frequency of grid disruptions is prompting industries with critical operations to seek more reliable on-site power solutions. This shift is

🇺🇸 President Trump just said INDIA 🇮🇳 WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST

Today, in its largest Iran-related action since 2018, Treasury is sanctioning more than 115 individuals, entities, and vessels that make up a vast shipping empire controlled by Mohammad Hossein Shamkhani, son of a top political advisor to the Supreme Leader. This network

Something to pay close attention to.

This isn’t going away. You’ve been warned here for weeks: Either the Kremlin agrees to a ceasefire (Trump wants that Nobel), Russian oil gets meaningfully disrupted, or a new nuclear “deal” is struck around Iran. That’s the triangulation Trump is playing. And yes — Trump

Contrary to public opinion and recency bias, the US (Trump) may mean business this go around. “The move directly targets so-called “shadow fleet” vessels—typically older tankers operating without AIS, under flag-of-convenience registries, and often involved in sanctioned oil….”

TRUMP: MAY IMPOSE TARIFFS ON RUSSIAN OIL BUYERS WITHIN 3 WEEKS Trump Hints on China Tariffs for buying Russian oil. trump says he will impose Tariffs on Russian oil buyers within 3 weeks

Something Usain St. Leo Bolt never said.. #GOAT 🐐

OIL MARKET: EIA also revised June demand sharply higher, pegging it now at 21.007m b/d. That's 607k b/d higher than the initial 20.4m b/d (calculated using weekly data). Gasoline, diesel and jet-fuel all revised up. It's the highest demand for any month of June since 2005.

Canada best get their affairs in order get moving on incremental export capacity. It’s not a matter of if but when.

#China's new crude import quotas to boost seaborne inflows by year-end after destocking #oott spglobal.com/commodity-insi…

PJM gas burns continued to push higher on the thermal mix, with the coal drops outpacing gas declines amidst low load requirements this week. For More Analysis - CriterionRsch.com #natgas #power #ongt

That didn’t take long

WATCH: Secretary of Energy Chris Wright calls out the International Energy Agency for focusing on Net Zero 2050: "We need to have the IEA focused on energy data and bettering lives. Every report has a Net Zero 2050 case in it. There is a 0.0 chance of the world hitting Net Zero

The US gov seems to have changed its mind about the terms of the use of the Strategic Petroleum Reserve: Earlier this week, it announced a **SPR release** (an outright sale, and the method used in the emergency actions of 1991, 2005, 2011 and 2022) But now, the DOE has

STATEMENT ISSUED BY 22 COUNTRIES, INCLUDING THE UAE AND BAHRAIN: WE EXPRESS OUR READINESS TO CONTRIBUTE TO THE APPROPRIATE EFFORTS TO ENSURE SAFE PASSAGE THROUGH THE STRAIT OF HORMUZ