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Episode 120 - Aramco losses | Oil price | Double Stuf Oreos | Reliance deal
Aramco Posts $6.6 Billion Profit Amidst Dismal Oil & Gas Earnings But Dividend Promise Weighs Heavy
https://www.forbes.com/sites/ellenrwald/2020/08/10/aramco-posts-66-billion-profit-amidst-dismal-oil--gas-earnings-but-dividend-promise-weighs-heavy/#beea33f35018
- Aramco turns a profit but has to pay such large dividend that its profit isn’t that great
- Large dividend and responsibilities to government and public shareholders are eating into the company’s ability to invest in capital expenditures
- Aramco is banking on demand in Asia remaining strong and it sells 70-75% of its oil to Asia
US upstream oil companies downplay Biden risk
https://www.argusmedia.com/en/news/2130976-us-upstream-oil-companies-downplay-biden-risk
- Big oil companies saying they’re ok with a Biden presidency that would limit or prohibit drilling on federal lands because they can substitute with non-federal lands.
- Is that really posturing?
Economic meltdown threatens Europe's war on plastic
https://www.reuters.com/article/us-health-coronavirus-europe-plastic-idUSKCN2531AO
- recycled plastic is too expensive when oil is still so cheap
U.S. court allows Dakota Access oil pipeline to stay open, but permit status unclear
https://www.reuters.com/article/us-usa-pipeline-dakota-access-idUSKCN2512X8
OPEC+ oil cut compliance dips in July, ahead of quota easing: Platts survey
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/081020-opec-oil-cut-compliance-dips-in-july-ahead-of-quota-easing-platts-survey
- OPEC+ producers produced more oil in July even though they weren’t supposed to until August
- Uptick in 1.1 million bpd in July from OPEC+ group
Pandemic shrinks US refining capacity
https://www.argusmedia.com/en/news/2130959-pandemic-shrinks-us-refining-capacity
- 500,000 bpd of US refining capacity has been idled due to cost concerns
Aramco Still Aims for $15 Billion Deal With India’s Reliance
https://www.bloomberg.com/amp/news/articles/2020-08-09/aramco-still-aims-for-15-billion-investment-in-india-s-reliance
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com
https://www.forbes.com/sites/ellenrwald/2020/08/10/aramco-posts-66-billion-profit-amidst-dismal-oil--gas-earnings-but-dividend-promise-weighs-heavy/#beea33f35018
- Aramco turns a profit but has to pay such large dividend that its profit isn’t that great
- Large dividend and responsibilities to government and public shareholders are eating into the company’s ability to invest in capital expenditures
- Aramco is banking on demand in Asia remaining strong and it sells 70-75% of its oil to Asia
US upstream oil companies downplay Biden risk
https://www.argusmedia.com/en/news/2130976-us-upstream-oil-companies-downplay-biden-risk
- Big oil companies saying they’re ok with a Biden presidency that would limit or prohibit drilling on federal lands because they can substitute with non-federal lands.
- Is that really posturing?
Economic meltdown threatens Europe's war on plastic
https://www.reuters.com/article/us-health-coronavirus-europe-plastic-idUSKCN2531AO
- recycled plastic is too expensive when oil is still so cheap
U.S. court allows Dakota Access oil pipeline to stay open, but permit status unclear
https://www.reuters.com/article/us-usa-pipeline-dakota-access-idUSKCN2512X8
OPEC+ oil cut compliance dips in July, ahead of quota easing: Platts survey
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/081020-opec-oil-cut-compliance-dips-in-july-ahead-of-quota-easing-platts-survey
- OPEC+ producers produced more oil in July even though they weren’t supposed to until August
- Uptick in 1.1 million bpd in July from OPEC+ group
Pandemic shrinks US refining capacity
https://www.argusmedia.com/en/news/2130959-pandemic-shrinks-us-refining-capacity
- 500,000 bpd of US refining capacity has been idled due to cost concerns
Aramco Still Aims for $15 Billion Deal With India’s Reliance
https://www.bloomberg.com/amp/news/articles/2020-08-09/aramco-still-aims-for-15-billion-investment-in-india-s-reliance
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com
View all episodes
By Ryan Ray
4.2
3636 ratings
Aramco Posts $6.6 Billion Profit Amidst Dismal Oil & Gas Earnings But Dividend Promise Weighs Heavy
https://www.forbes.com/sites/ellenrwald/2020/08/10/aramco-posts-66-billion-profit-amidst-dismal-oil--gas-earnings-but-dividend-promise-weighs-heavy/#beea33f35018
- Aramco turns a profit but has to pay such large dividend that its profit isn’t that great
- Large dividend and responsibilities to government and public shareholders are eating into the company’s ability to invest in capital expenditures
- Aramco is banking on demand in Asia remaining strong and it sells 70-75% of its oil to Asia
US upstream oil companies downplay Biden risk
https://www.argusmedia.com/en/news/2130976-us-upstream-oil-companies-downplay-biden-risk
- Big oil companies saying they’re ok with a Biden presidency that would limit or prohibit drilling on federal lands because they can substitute with non-federal lands.
- Is that really posturing?
Economic meltdown threatens Europe's war on plastic
https://www.reuters.com/article/us-health-coronavirus-europe-plastic-idUSKCN2531AO
- recycled plastic is too expensive when oil is still so cheap
U.S. court allows Dakota Access oil pipeline to stay open, but permit status unclear
https://www.reuters.com/article/us-usa-pipeline-dakota-access-idUSKCN2512X8
OPEC+ oil cut compliance dips in July, ahead of quota easing: Platts survey
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/081020-opec-oil-cut-compliance-dips-in-july-ahead-of-quota-easing-platts-survey
- OPEC+ producers produced more oil in July even though they weren’t supposed to until August
- Uptick in 1.1 million bpd in July from OPEC+ group
Pandemic shrinks US refining capacity
https://www.argusmedia.com/en/news/2130959-pandemic-shrinks-us-refining-capacity
- 500,000 bpd of US refining capacity has been idled due to cost concerns
Aramco Still Aims for $15 Billion Deal With India’s Reliance
https://www.bloomberg.com/amp/news/articles/2020-08-09/aramco-still-aims-for-15-billion-investment-in-india-s-reliance
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com
https://www.forbes.com/sites/ellenrwald/2020/08/10/aramco-posts-66-billion-profit-amidst-dismal-oil--gas-earnings-but-dividend-promise-weighs-heavy/#beea33f35018
- Aramco turns a profit but has to pay such large dividend that its profit isn’t that great
- Large dividend and responsibilities to government and public shareholders are eating into the company’s ability to invest in capital expenditures
- Aramco is banking on demand in Asia remaining strong and it sells 70-75% of its oil to Asia
US upstream oil companies downplay Biden risk
https://www.argusmedia.com/en/news/2130976-us-upstream-oil-companies-downplay-biden-risk
- Big oil companies saying they’re ok with a Biden presidency that would limit or prohibit drilling on federal lands because they can substitute with non-federal lands.
- Is that really posturing?
Economic meltdown threatens Europe's war on plastic
https://www.reuters.com/article/us-health-coronavirus-europe-plastic-idUSKCN2531AO
- recycled plastic is too expensive when oil is still so cheap
U.S. court allows Dakota Access oil pipeline to stay open, but permit status unclear
https://www.reuters.com/article/us-usa-pipeline-dakota-access-idUSKCN2512X8
OPEC+ oil cut compliance dips in July, ahead of quota easing: Platts survey
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/081020-opec-oil-cut-compliance-dips-in-july-ahead-of-quota-easing-platts-survey
- OPEC+ producers produced more oil in July even though they weren’t supposed to until August
- Uptick in 1.1 million bpd in July from OPEC+ group
Pandemic shrinks US refining capacity
https://www.argusmedia.com/en/news/2130959-pandemic-shrinks-us-refining-capacity
- 500,000 bpd of US refining capacity has been idled due to cost concerns
Aramco Still Aims for $15 Billion Deal With India’s Reliance
https://www.bloomberg.com/amp/news/articles/2020-08-09/aramco-still-aims-for-15-billion-investment-in-india-s-reliance
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com