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Home > Energy Week > Episode 125 - Shale webinar | Asian refineries | Libya | Israel and Bahrain | Tesla/Nikola
Podcast: Energy Week
Episode:

Episode 125 - Shale webinar | Asian refineries | Libya | Israel and Bahrain | Tesla/Nikola
Category: Government & Organizations
Duration: 00:50:53
Publish Date: 2020-09-22 04:55:04
Description: Jet Fuel So Cheap, Now Being Blended For Use By Ships
https://www.bloomberg.com/news/articles/2020-09-20/jet-fuel-is-now-so-cheap-it-s-being-blended-for-use-by-ships
- possibility that this will help eliminate jet fuel overhang in the market
- Dr. Foreman from API discussed this back in August
- but be careful, too much straight kerosene can lower temperature at which fuel can catch fire

Oil refiners worldwide struggle with weak demand, inventory glut
https://www.reuters.com/article/global-oil-refineries/oil-refiners-worldwide-struggle-with-weak-demand-inventory-glut-idUSL1N2GC1PI
- Chinese refining utilization is down
- But this could be due to temporary reasons

Exclusive: Shell launches major cost-cutting drive to prepare for energy transition
https://www.reuters.com/article/us-shell-costs-exclusive-idUSKCN26C0GI
- slash budget For upstream by 30-40%
- want to cut expenses from service stations which are very profitable.
- want to cut LNG production
- but can Shell actually make a profit going into the power sector and renewables? Margins are pretty low there.

Libya NOC lifts force majeure from ‘safe’ fields, ports
https://www.argusmedia.com/en/news/2142926-libya-noc-lifts-force-majeure-from-safe-fields-ports
- more oil is not what the oil market needs right now
- would OPEC+ players try to re-start conflict just to keep oil off the market?

Saudi Royal Family Divides Over Potential Embrace of Israel
https://www.wsj.com/articles/saudi-royal-family-split-relations-israel-uae-bahrain-mbs-prince-king-11600446560
- UAE/Bahrain deal with Israel is mostly economics - Israel is a big market for them
- WIll Saudi Arabia join? Saudi Arabia is a different place, larger population and King Salman really hates Israel.

U.S. Sending More Troops to Syria to Counter the Russians
https://www.nytimes.com/2020/09/18/us/politics/us-troops-syria-russia.amp.html
- Is this turning into a little proxy war between the US and Russia?
- Runs contrary to Trump’s campaign promise to withdraw troops.

Nikola’s Troubles Raise Questions For Tesla And Elon Musk On Battery Day
https://www.forbes.com/sites/ellenrwald/2020/09/21/nikolas-troubles-raise-questions-for-tesla-and-elon-musk-on-battery-day/#4352bd9b32dd
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