In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covered several key topics. First, global coal demand is expected to remain steady through 2025, driven by increased electricity needs in major economies like China and India, despite renewable energy efforts. Next, U.S. Democrats introduced a bill to penalize oil firms collaborating with OPEC to raise prices, viewed by some as a political move unlikely to pass. Oil markets saw mixed results, with Matador reporting strong earnings amidst broader market declines. Oil prices closed relatively flat, influenced by EIA inventory data showing higher-than-expected draws in crude and gasoline stocks.

Highlights of the Podcast

00:00 - Intro

01:02 - Global coal demand to stay steady through 2025

05:01 - US Democrats launch bill holding oil firms accountable for any work with OPEC

09:35 - Markets Update

11:25 - U.S. Crude Oil Inventories Continue to Fall

12:43 - Matador Resources Company today reported record financial and operating results for the second quarter of 2024

16:22 - Outro

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

July 24, 2024 Mariel Alumit

Global coal demand is expected to remain stable in 2024 and 2025, as rising electricity needs in major economies balance out the effects of increased renewable energy and recovering hydropower. That’s according to the latest […]

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