In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy news topics for August 1st, 2024. They cover the impact of AI-driven data centers on Texas's power grid, concerns about pipeline congestion affecting U.S. oil exports, and geopolitical developments, including a significant energy deal between Russia and Iran. They also discuss oil market reactions to geopolitical tensions, recent earnings reports from oil companies like Hess and BP, and the potential impact of the 2024 U.S. presidential election on the oil and gas industry. The podcast concludes with an analysis of global energy market dynamics and predictions for future trends.

Highlights of the Podcast

00:00 - Intro

01:42 - Power-Hungry Data Centers Are Gobbling Up Texas Amid AI Boom

04:15 - Texas Pipeline Congestion Could Throttle U.S. Oil Exports at Critical Time

06:31 - Russia and Iran to Start Work on Game-Changing Energy Corridor

09:47 - Markets Update

12:01 - Inventory Draw Pushes Oil Up

14:32 - Hess Beat Earnings Estimates On Robust Guyana Output

16:28 - BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s

18:00 - Why Citi Thinks Trump Is Bearish for Oil

25:15 Outro

Please see the links below or articles that we discuss in the podcast.

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