🌍🛢Exxon's CEO Foresees Decrease in Global Oil Supplies

Exxon Mobil Corporation has expressed concerns over dwindling global oil reserves, anticipating a surge in energy prices in the medium term. The oil industry, still reeling from the pandemic's impact, faces a shortage of investment in fossil fuels, exacerbating the depletion of resources.

Exxon's Chief, Darren Woods, stated, "The industry is grappling with the aftermath of the pandemic and the reduced capital infusion, essential to counter the depletion we are witnessing."

OPEC and its allies have curtailed production this year, coupled with projections of slowdown in U.S. shale oil production in the Permian Basin by 2024. Woods pointed out, "There are limited sizable projects in other countries capable of offsetting the anticipated rise in oil demand this year and the next."

He emphasized, "The pace of recovery depends on the global economy; it will take years to build additional capacity."

Woods highlighted Europe's economic challenges, particularly due to the loss of Russian gas, labeling it as "probably the most challenged" continent in this context.

#ExxonMobil #oil #supplies
@songofoil

🇺🇸 First Quantum Minerals extend losses, down another 20% today amid the uncertainty of the situation in Panama

🇪🇸 First Quantum Minerals extiende pérdidas, bajan hoy otro 20% en medio de la incertidumbre de la situación en Panamá

JUST IN - Egypt's PM says the country is "prepared to sacrifice millions of lives" to ensure "no one encroaches upon" its territory.

UPDATE - Egypt has stationed tanks and armored vehicles near the Rafah border crossing into Gaza — ToI

@disclosetv

Crude production in Texas in August - home to a large portion of the Permian Basin and where Exxon will soon be undisputed energy king after its merger with Pioneer closes - rose from 173.775 million barrels to 174.562 million barrels.

Despite the record-breaking production levels seen in August, inventories of crude oil in the United States are estimated to be within 3 million barrels of where it began the year.

https://www.zerohedge.com/markets/us-crude-production-breaks-records-shale-drives-all-growth-global-oil-supply-over-past

Booking slots will be cut to 25 per day starting Nov. 3 from an already reduced 31 per day, the Panama Canal Authority (ACP) said in a client advisory, and will be gradually reduced further over the next three months to 18 slots from Feb. 1.

https://www.reuters.com/business/panama-canal-says-will-slash-booking-slots-due-drought-2023-10-31/?rpc=401&

Ethereum’s GAS usage by service sector, shows main consumer of block space is exchange-related transactions — link

NEW - The Pentagon, today, unveils new UFO reporting portal for military members and government employees.

The goal: compile accounts of UFO sightings to include in Historical Record Report, due to Congress by June 2024.

https://www.disclose.tv/id/tz48j9xnzl/

@disclosetv

WeWork has officially filed for bankruptcy

https://twitter.com/burrytracker/status/1719494276759883966

Top 10 DEXs by Trading Volume

1. Uniswap - 64.7%
2. Pancakseswap - 10.0%
3. Curve - 8.1%
4. Dodo - 8.0%
5. THORChain - 2.7%
6. Balancer - 1.5%
7. Quickswap - 1.4%
8. Jupiter - 1.4%
9. TraderJoe - 1.3%
10. Orca - 0.9%

https://fxtwitter.com/coingecko/status/1719550697195311197

The Cranberries - Zombie (Official Music Video)

👉Segui 🚀Condividi 💬Partecipa

On 31st October 2008, 15 years ago, the mysterious Satoshi Nakamoto appeared on the Cryptography mailing list to share his vision for “Bitcoin: A Peer-to-Peer Electronic Cash System”.

You can download a free one-page poster of the Bitcoin whitepaper from https://satoshiwallpaper.com/

BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50%.

@WatcherGuru