WoodMac Oil Price

@TomKloza Hi Tom, sending you condolences. Losing a dog or cat leaves such a huge gap in our lives. You described it so well — the difference in life span as a deep injustice.

Had to say good-bye today to my faithful companion and it really sucks. Greatest injustice in life is the mismatched life spans of man & dog. Farewell, Zoe.

This next-generation nuclear facility will be a win for the local economy, America’s energy independence, and the fight against climate change. gatesnot.es/3VIr2gY

last year's driver of inflation is no longer one -- oil prices are down from a year ago

Austria Manufacturing PMI dropped to recessionary levels in April -- should we be concerned? Some might argue that it's just one country and it's only one month's data, but an interesting paragraph in the press release caught my eye: "Contributing to the decline in the headline PMI in April was a sharp and accelerated reduction in new orders, the most marked since November last year. Around 41% of firms reported a drop in new work, citing the effects of market uncertainty, high prices and full warehouses amongst customers. New export orders exhibited a similar trend to that of total new business, falling sharply and at the quickest rate in the year-to-date." These are global issues -cost pressures -high inventories -softer global trade When I look at the 23 different leading economic indicators I track globally, and notice that they all point to recession -- it seems a fairly straightforward conclusion...

@GasBuddyGuy @WMALHittle and in the meantime, its coal to the rescue!

And XOM today too. Another quarterly Permian production high. Intentionally building DUCs as well.

No wonder China is pushing so hard into nuclear fusion… the acceleration here should be noted against global oil demand growth.

From McDonald's CEO Chris Kempczinski, this is the key macro indicator to watch:

Some context: 1.45mn litres is around 9,000 bls. This is VERY minor. #oott arabnews.com/node/2287701/m…

@DavidInglesTV elephants!

Happy Friday! Which one?

“At least five mem­bers of the Arab League, in­clud­ing Mo­rocco, Kuwait, Qatar and Yemen, are re­fus­ing to read­mit Syria into the group, the Arab of­fi­cials say. Even Egypt…is push­ing back, they added.” ⁦@WSJ⁩ wsj.com/articles/saudi…

“Saudi Arabia will host a meeting of regional foreign ministers on Friday to discuss Syria's return to the Arab League, a Qatari official said on Tuesday, adding that an ‘Arab consensus’ plus a ‘change on the ground’ would shift Qatar's position.” reuters.com/world/middle-e…

OPEC SG HE #HaithamAlGhais met with HE Mikhail Ulyanov, Ambassador of the Russian Federation to Austria and the Permanent Representative to International Organizations in Vienna, to discuss the ongoing oil market stabilization efforts under the ‘Declaration of Cooperation’, …

Biden administration proposing US emission rules that will force automakers to sell 2 out of 3 cars and light trucks as EVs by 2032, well beyond rosiest EV forecasts. US consumers pushed to EVs.

@RussInCheshire @BobbyRackesh What a great laugh I had looking at your photos, videos and the commentary. Priceless. Thanks

The JMMC meeting minutes ! البيان الختامي للاجتماع الوزاري لمجموعة أوبك+ و الذي أكد على الخفض الطوعي كإجراء احترازي لدعم أسواق النفط العالمية

The total voluntary cut by OPEC+ members might add up to 1.5 mb/d. Information is still sketchy. #Oil #OPEC #OOTT #COM #EFT

@SpotMonthEnergy @RobertClarke_WM For sure lucky! Thanks Rob for adopting him

@RobertClarke_WM That's the luckiest dog in DFW and nice of you to provide a retirement home for him.

Meet our newest pack member. Buck's owner tragically passed away last month. So Buck is going to spend the rest of his years with us. He's awesome. Adopt a senior if you're able.

@RobertClarke_WM He has a sweet expression there and love his blue eyes.

2 April 1978. The first episode of the popular TV soap opera, Dallas, was broadcast on CBS-TV in the USA. It ran until 3 May 1991. The series revolves around an affluent and feuding Texas family, the Ewings, who own the independent oil company Ewing Oil.