OPEC Plus Add It Again - ENB Weekly Recap

In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stu Turley and Michael Tanner dive into Oklo’s $168B nuclear fuel recycling milestone, Scott Bessent’s explosive critique of the Federal Reserve, and the geopolitical oil chessboard as OPEC+ eyes an October production increase. They also unpack California’s failed refinery bailout, widespread oil & gas job cuts, and the 71% plunge in exploration capex. From Tennessee to Tehran, the duo challenges media narratives on “oil gluts,” inflation, and energy policy hypocrisy—all with charts, laughs, and hard-hitting analysis.  Subscribe to Our Substack For Daily Insights Want to Add Oil & Gas To Your Portfolio? Fill Out Our Oil & Gas Portfolio Survey Need Power For Your Data Center, Hospital, or Business? Follow Stuart On LinkedIn: https://www.linkedin.com/in/stuturley/ and Twitter: https://twitter.com/STUARTTURLEY16 Follow Michael On LinkedIn: https://www.linkedin.com/in/michaelta... and Twitter: https://twitter.com/mtanner_1 Timestamps: Highlights of the Podcast  00:00 - Intro 00:12 - Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility 02:19 - Treasury Secretary Bessent Says Fed ‘Must Change Course,’ Demands an Entire Review 07:59 - OPEC+ Agrees in Principle to Increase Production in October 13:33 - California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown 17:04 - Job Cuts Rock Global Oil and Gas Sector 23:22 - Peak Oil Production? Oil Majors’ Exploration Capital Tumbled Since 2013 28:46 - Outro Links to articles discussed: Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility Treasury Secretary Bessent Says Fed ‘Must Change Course,’ Demands an Entire Review OPEC+ Agrees in Principle to Increase Production in October California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown Job Cuts Rock Global Oil and Gas Sector Peak Oil Production? Oil Majors’ Exploration Capital Tumbled Since 2013