Is Big Oil Back in Vogue?

In this episode of Energy Newsbeat Daily Standup, Stuart Turley and Michael Tanner cover the energy sector’s shifting tides as advertisers return to Big Oil, driven by financial realities and AI disruption. They highlight growing concerns over Chinese lithium batteries tied to a South Korean cyber incident and rising U.S. shale breakeven costs nearing $95/barrel. The Dallas Fed Survey reveals deep frustration in the shale patch over political and economic instability. They also touch on OPEC+ capacity concerns, a possible output hike, and Occidental’s $10B sale of its OxyChem unit—signaling major changes ahead in global energy markets.

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https://www.linkedin.com/in/stuturley/ and

Twitter: https://twitter.com/STUARTTURLEY16

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Twitter: https://twitter.com/mtanner_1

Timestamps:

Highlights of the Podcast 

00:00 - Intro

00:12 - Why Advertisers Are Returning to Big Oil Despite Net-Zero Pledges

02:25 - Chinese Lithium Battery System Took down South Korean Intelligence Agency, and Texas has 1200 of these installed

04:37 - Dallas Fed Survey Reveals Unrest in America’s Shale Patch

14:08 - U.S. Shale Costs to Soar to $95 per Barrel Within a Decade

21:19 - Markets Update

21:46 - OPEC+ is poised to slip further below oil output target

22:43 - Exclusive: OPEC+ plans another oil output hike in November, sources say

25:15 - Occidental in talks to sell OxyChem unit for at least $10 billion, FT reports

28:53 - Outro

Links to articles discussed:

Why Advertisers Are Returning to Big Oil Despite Net-Zero Pledges

Chinese Lithium Battery System Took down South Korean Intelligence Agency, and Texas has 1200 of these installed

Dallas Fed Survey Reveals Unrest in America’s Shale Patch

U.S. Shale Costs to Soar to $95 per Barrel Within a Decade