/r/energy
About
News and civil discussion about all things Energy related, how we use energy now, and how we will use it in the future.
Sockpuppet accounts will be banned. Personal attacks will likely get you banned - play nice, focus on the argument! Accusations of being a shill count as personal attacks.
Free Energy scam posts will be removed
Fresh users who join only to get in arguments on contentious topics will be removed and assumed to be sockpuppets.
Users posting on other subreddits encouragement to come here to start arguments will be removed for brigading. This subreddit welcomes respectful open discourse about all energy sources but does not take kindly to attempts to manipulate the discourse here by other reddit communities and or external organizations. Context Here
Posts are currently limited to a maximum of 2 per user, per day.
Interested in how the grid works? Check out this playlist on YouTube for the basics
/r/energy
178,721 Subscribers
Energy /EIA forecasts I'm tracking - thoughts?
Energy /EIA forecasts I'm tracking - thoughts?
21:40 UTC
OPEC Nov 30 meeting takeaways: reading between the lines.
OPEC Nov 30 meeting takeaways: reading between the lines.
An additional 900k barrel production cut brings the total to 2.2 m bpd. Russia and Saudi Arabia account for 1.5 or 68%.
This outcome is not bullish since OPEC was clearly struggling to put this deal together. They did not have the usual press conference, implying they wanted to avoid questions. Saudi Arabia did not get the cuts they hoped for and settled for the best they could.
Other takeaways:
Each country cuts in thousand barrels
Iraq 220
Russia 200
UAE 160
Kuwait 135
Kazakhstan 80
Algeria 52
Oman 41
-Cuts are voluntary so that each member will announce their portion in 2024
-OPEC’s track record in these situations points to 70% or 80% compliance.
-OPEC’s line in the sand is $80 Brent
-If the compliance is lower (our assumption is 75%), it is not enough to balance the supply and demand for 2024 based on IEA projections. That is bearish prices.
-Further cuts soon are unlikely with the struggle to get these across the finish line. The oil market will be in wait-and-see mode until year-end.
Opinions are those of a 40-year veteran crude oil trader. Not meant as trading or financial advice.
19:01 UTC
COP28: How 7 policies could help save a billion lives by 2100
14:08 UTC
The Heartbeat of China: Betting Big on Hydrogen. Join CGTN anchor Xu Qinduo, David Blair & Shen Yiyang as they travel to south China's Foshan, a city on the cutting edge of exploring the potential of hydrogen energy
13:49 UTC
The ‘Real’ Green New Deal
See the summary of the RGND’s PallasCeres report:
https://www.realgnd.org/pallasceres-summary-document
Sound like a world you’d like to live in?
15:05 UTC
Elliott Investment Management Advocates Board Revamp at Phillips 66, Takes $1 Billion Stake
12:43 UTC