In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses several key topics: Sinopec and Petro China report significant declines in refining output due to weakened domestic oil demand, while oil prices remain steady following a drop in crude and gasoline inventories. He highlights recent high-level meetings between Russia and Iran aimed at strengthening their cooperation and reducing reliance on the U.S. dollar. Ford faces severe losses, attributed to high costs and challenges in the EV market. Lastly, Turley criticizes ExxonMobil's legal battles in California regarding plastic recycling claims, suggesting the company should exit the state. He concludes by promoting his investment partnership in oil and gas.
Highlights of the Podcast
00:00 - Intro
01:23 - Sinopec, PetroChina Hit Hard by China’s Slowing Oil Demand
02:42 - Oil Steady After EIA Confirms Draw in Crude, Gasoline Inventories
03:41 - What Are Russia And Iran Cooking Up In Their Recent Flurry Of High-Level Meeting
05:12 - Ford Lost Another $58K For Every EV Sold In Third Quarter, Or $1.2 Billion
07:04 - California Targets ExxonMobil’s Plastic Recycling Claims In Latest Lawfare Against Big Oil
07:58 - Outro
Please see the links below or articles that we discuss in the podcast.
Sinopec, PetroChina Hit Hard by China’s Slowing Oil DemandOil Steady After EIA Confirms Draw in Crude, Gasoline InventoriesWhat Are Russia And Iran Cooking Up In Their Recent Flurry Of High-Level MeetingFord Lost Another $58K For Every EV Sold In Third Quarter, Or $1.2 BillionCalifornia Targets ExxonMobil’s Plastic Recycling Claims In Latest Lawfare Against Big OilFollow Stuart On LinkedIn and Twitter
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