Oil's Emotional Rollercoaster: Mideast Tensions Up, Inventories Down

💰Time is money, and our goal is to help you save yours.

📰 Wake up every day to the top news stories, yesterday’s posted price Bulletins, Nymex and Henry Hub strips.

📊We may even sprinkle in some proprietary data here and there (shh)!

⛽All you need to do is be you and let us handle the rest. 

🆓For those of you who refer friends (3 to be exact), you will also receive our Premium Monthly Newsletter – free of charge.

😃If you’re a Barrel Hub subscriber, then it’s good to see you! 

🤝If not, no worries, there’s still time to fix that. 

🆒If you’re curious, click here… we love to talk about ourselves.

💸Now, on to the good stuff!

Daily Data Dump

The good, the bad, and the ugly of Texas oil production.

Best of the Best 🏆️

Every week, we sift through our proprietary data to find the best performers in Texas.

Never Quit 😢

Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).

If you’re wondering how we get this information, we’re under strict orders from the CIA not to disclose that (but if you want to know you can go here).

Daily Bulletin

Lone Star Stories

• Oil Giants Say 'Not So Fast, Green Energy

Exxon Mobil and Chevron, defying green energy trends, have invested $110 billion in expanding oil operations, including significant acquisitions in the U.S. and Guyana. Despite global shifts towards clean energy, these oil majors reaffirm their commitment to fossil fuels, betting on strong demand and uncertain supply for the next three decades.

• Oil's Emotional Rollercoaster: Mideast Tensions Up, Inventories Down

Oil prices rose 2% due to escalating Middle East conflict, particularly with Israel's potential ground invasion of Gaza, but were tempered by an unexpected increase in U.S. crude inventories and bleak European economic outlook. Despite China's move to stimulate its economy, which could boost crude demand, Beijing's cap on oil refining capacity and Europe's stagnating bank lending point towards complex global economic and energy dynamics.

Reader Question of the Day

How are changes in global automotive regulations affecting the demand for gasoline and diesel?

Global automotive regulations are shifting gears, steering towards cleaner and greener roads. Many countries are setting stricter emission standards and even planning to ban the sale of new gasoline and diesel cars in the future. This is like setting a new dress code for cars, where electric and hybrid vehicles are the new trend.

As a result, the demand for gasoline and diesel is facing a slow but sure decline. People are increasingly buying electric or hybrid cars, which don't need traditional fuels. It's like more people choosing bicycles over cars for daily commutes, leading to less demand for gasoline. For oil companies, this shift signals a need to adapt and explore alternative energy sources to stay relevant in a world that's gradually saying goodbye to gasoline and diesel.

Sources: 1

/