• China Oil Demand Peaked?

  • Aug 26 2024
  • Length: 19 mins
  • Podcast

China Oil Demand Peaked?

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  • Summary

  • In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner rocking a solo show covers several key topics: China's potential peak in oil demand, driven by factors such as the rise of EVs, LNG in trucks, and a slowdown in manufacturing and real estate; Tellurian's progress with its Driftwood LNG project in Louisiana; and why OPEC may struggle to reverse its oil output cuts due to rising production in the U.S., Guyana, and Brazil. Tanner also discusses market reactions to U.S. Fed Chair Jerome Powell's comments on potential interest rate cuts and the implications for oil and natural gas prices.

    Highlights of the Podcast

    00:00 - Intro

    01:08 - Is China’s Demand for Oil Nearing Its Peak?

    06:41 - Tellurian moving forward with Driftwood LNG work

    10:06 - Why OPEC Can’t Afford To Reverse Oil Output Cuts

    14:40 - Market Updates

    17:54 - Rig Count Updates

    18:51 - Outro

    Is China’s Demand for Oil Nearing Its Peak?

    Tellurian moving forward with Driftwood LNG work

    Why OPEC Can’t Afford To Reverse Oil Output Cuts

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