#Oil still runs the world. Want to understand what's moving the price of a barrel? We keep it simple.
The Barrel Stops Here 🛢️
#OilandGas#OOTT#OilPrices
Trump admin lays out aggressive 15-year offshore leasing schedule, including:
🛢️30 new auctions in the #GulfofAmerica
🛢️ 6 in #Alaska’s Cook Inlet
https://t.co/Ns7AI35JHW #oil#oilprice#OOTT#oilandgas
🛢️ TotalEnergies @TotalEnergies to drill up to 7 #oil wells in offshore #SouthAfrica’s Orange Basin.
The news comes soon after Shell @Shell secured approval to drill up to 5 deep-water wells off South Africa's west coast.
https://t.co/79KqMlczyB #oilprice#Namibia#oilandgas
OPEC+ agrees to open spigots in market‑share push with output hike of ~547,000 bpd — just as world’s largest #oil producer, Saudi Aramco, calls for demand to rise +2mbpd 🛢️📈
https://t.co/wJPQxe3qsp #OOTT#oilprice#oilandgas#SaudiArabia#OPEC
#Oil demand expected to be 2 million bpd higher for rest of 2025 — @aramco 🛢️📈📈
... as number of rigs in #SaudiArabia falls to lowest level in 20 years 📉
(link to full story below 👇)
A diplomatic clash is intensifies between #India and #US after President Trump threatened higher tariffs over New Delhi’s continued purchases of Russian oil — called "unjustified and unreasonable” by India.
https://t.co/kA75yrSo2Q #oil#Russia#Ukraine#India#TrumpTariffs
As warned, the EU has already suggested it can't deliver on the pledge... but that might not matter as direction of travel is critical 👇
https://t.co/97FQenhLh6 #EU#US#TradeDeal#Trump#Energy
However, even if EU pledge to buy $250 billion/year of energy imports proves unrealistic — the political pivot matters.
#USEUTradeDeal#TradeDeal#Trump#Tariffs
https://t.co/97FQenhLh6
EU energy imports from the US in 2024 totalled:
🛢️ $64.5 billion — including ~$40 billion in crude (~573 million barrels)
💨 ~$21.8 billion in LNG
⚫️ $2.7 billion in metallurgical coal
Barely a quarter of the new target.
2/ link to article below 👇 #oil#LNG#Coal
🇪🇺🤝🇺🇸 EU promises to buy $750bn in energy imports from USA 🛢️📈
Can the EU and US actually deliver on this deal? 🤯 (and does it even matter?)
1/ Link to article below 👇 #oil#OOTT#oilprices#energy#EUEnergy#NaturalGas