About this episode
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 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 Need Power For Your Data Center, Hospital, or Business? – Get in Contact With The Show –