In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss significant global energy developments key topics include China's banking turmoil and its potential impact on oil prices, the UK likely missing its 2030 clean power goals, Russia's consideration of building an oil refinery in Cuba, and big tech's struggles to achieve net zero emissions. They also cover the oil and gas markets, noting a recent drop in oil prices due to political events and Australia's Woodside acquiring Tellurian's Driftwood LNG project. Lastly, they mention SM Energy's upsized debt offering to fund the acquisition of Uinta Basin assets.

Highlights of the Podcast

00:00 - Intro

01:43 - China’s banking turmoil: 40 banks vanish as crisis deepens

03:15 - Bad News From China Could Be The Harbinger For Lower Oil Prices

05:15 - UK Likely to Miss Its 2030 Clean Power Goals

07:40 - Russia Considers Building Oil Refinery in Cuba

09:47 - Big Tech Struggles on the Path to Net Zero

13:25 - Markets Update

16:21 - Australia’s Woodside to buy Tellurian

19:09 - $SM Debt Offering: $1.5B

22:20 - Outro

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

China’s banking turmoil: 40 banks vanish as crisis deepensJuly 22, 2024 Mariel Alumit

The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank has further deepened the sector’s problems. Experts warn that the situation could have […]

Bad News From China Could Be The Harbinger For Lower Oil PricesJuly 22, 2024 Mariel Alumit

From the mid-1990s to onset of Covid at the end of 2019, China almost singlehandedly drove the commodities supercycle, consisting of ever-increasing prices for the key materials it required to drive its extraordinary economic growth. […]

UK Likely to Miss Its 2030 Clean Power GoalsJuly 22, 2024 Mariel Alumit

The UK is poised to miss its ambitious target to decarbonize its power sector by 2030 even as it is boosting solar and wind developments, analysts say. The new UK government of the Labour Party, […]

Russia Considers Building Oil Refinery in CubaJuly 22, 2024 Mariel Alumit

Russia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as saying. During a visit of […]

Big Tech Struggles on the Path to Net ZeroJuly 22, 2024 Mariel Alumit

Before everything got disrupted by the attempt on President Trump’s life, I had written a post last week titled “Big Tech On The Path To Net Zero.” That post looked at the most recently issued […]

Australia’s Woodside to buy TellurianJuly 22, 2024 Mariel Alumit

Australian LNG player Woodside has entered into a definitive deal to buy Tellurian, the developer of the Driftwood LNG export project in Louisiana. Woodisde said in a statement the consideration for the transaction is an […]

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