Friday, December 15, 2023

Week 50: December 11, 2023 -- December 17, 2023

Locator: 46313TOPSTORY. 

Pending. In case I get busy during the holiday season, putting up the template now.

Top story:

  • both Ford and GM throw in the EV towel;
  • decision announced during COP28 [John Kerry’s annual global warming fete, this year held in oil-rich Dubai]
  • conference turned out to be opportunity for oil companies to huddle

Top international non-energy story:

  • Israeli military: kills three hostages; mis-identifies as enemy combatants
  • on the battlefield, thinks look bleak for Ukraine: Zeleskyy’s Biden visit appears to be unsuccessful 
  • diplomatically: a huge tune of events — discussion turns to admission into EU; if that occurs, it changes everything; NATO discussion next? Nope, a bridge too far.
  • China’s economy grows the fastest in two years.

Top international energy story:

  • COP28: "member states will transition away from fossil fuel"
  • IEA: oil demand growth will be less than originally forecast by IEA but demand will still grow by a million bopd

Top national non-energy story:

  • market rally: epic; historic
  • the Fed telegraphs end of rate hikes; telegraphs as many as three rate cuts in 2024
  • California: record budget deficit — $68 billion.

Top national energy story:

  •  WTI: back to $71

Focus on fracking: link here.


Top North Dakota non-energy story
:

  •  governor drops out of US presidential race

Top North Dakota energy story:

  • all eyes on state, US Army Corps, and DAPL; reaching closure?

Geoff Simon's  quick connects: link here.

Bakken economy:

  • active rigs number about 35
  • XTO has rig in the Bakken for first time in years;
  • WPX eyes a new 10-well pad;
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