About this episode
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 Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter ENB Top News Energy Dashboard ENB Podcast ENB Substack ENB Trading Desk Oil & Gas Investing – Get in Contact With The Show –