He also addresses the future of the Strategic Petroleum Reserve and provides his insights on the Environmental Protection Agency's recently released clean car rules.Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers.Related content: US House passes bill to speed energy permitting, teeing off Senate negotiations'Strongest-ever' emissions rules could boost EVs to two-thirds of new US car salesUS Energy Secretary Granholm eyes start to SPR refill in second half of the year (premium content) On the podcast, Eberhart also delves into his concerns about challenges at the local level as more states are upping restrictions on hydraulic fracturing, which could make it harder to operate in parts of the country where Canary has seen the most success. With the recent indictment of former President Donald Trump, and with the prospect of more to come, the political waters of the country appear to be at their best muddied, at least for the Republican camp that has been a key backer of the oil and gas industry for decades. S&P Global Commodity Insights senior journalist John Siciliano spoke with Dan Eberhart, the CEO of Canary, the fifth largest installer of wellheads in the US, about how the 2024 presidential race is shaping up. Salisbury also hit on implications for the already strained US-Saudi relationship as calls for retaliation have again been floated and whether the price cap on Russian crude could withstand any potential supply constraints.Stick around after the interview for Binish Azhar with the Market Minute, a look at near-term oil market drivers.Related content:Saudi, Russia and key OPEC+ allies announce over 1.6 million b/d of oil cutsOPEC+ move to cut crude output presents opportunity for US exporters (premium content)US Energy Secretary Granholm eyes start to SPR refill in second half of the year (premium content)
#OIL PRICETRACKER DRIVERS#
OPEC+ surprised market watchers with plans to make more than 1.6 million b/d of voluntary oil supply cuts, starting in May.On the podcast, Ben Salisbury, director of research and head energy policy analyst at Height Capital Markets, delves into some of the producer bloc's motivations for pursuing crude oil production cuts while prices remain relatively high and what it could mean for US drivers at the pump as well as the Biden administration's plans to refill the Strategic Petroleum Reserve.
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