Saudi Deficit & US Oil Cuts: What's Next for Prices?

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses key energy market developments, including Saudi Arabia's budget deficit and its $90 oil requirement, the U.S. cutting its oil output forecast amid falling prices, and concerns about "peak shale" as Diamondback Energy reduces its production forecast. He also covers the ongoing legal battles involving 18 U.S. states suing President Trump over wind project shutdowns, as well as Marathon Petroleum’s Q1 earnings decline due to weak refining margins. Additionally, Turley touches on the oil price bounce-back following recent OPEC decisions and upcoming interviews with energy experts.Highlights of the Podcast 00:00 - Intro01:46 - Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash03:37 - US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge06:10 - Peak Shale May Be Here Says Diamondback CEO08:38 - 18 US states suing Trump over shutdown of wind projects10:40 - Marathon Petroleum Q1 down on earnings due to weak refining margins11:42 - Oil Prices Bounce Back From OPEC+ Bombshell12:54 - OutroPlease see the links below or articles that we discuss in the podcast.Saudi Arabia’s Budget Deficit Surged Before the Oil Price CrashUS Cut Forecast for Oil Output Just Before Crude’s Latest PlungePeak Shale May Be Here Says Diamondback CEO18 US states suing Trump over shutdown of wind projects Marathon Petroleum Q1 down on earnings due to weak refining marginsOil Prices Bounce Back From OPEC+ BombshellFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

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