In this episode of the Energy News Beat Daily Standup, Michael Tanner and Stuart Turley cover key topics, including Alberta's $5 million investment in the world's first direct air carbon capture center, the turmoil in China's EV market, and New York's power grid stabilizing despite renewable energy challenges. They also discuss the decline in U.S. crude oil inventories, which hit an 11-year low, and the latest news on the potential Shell-BP merger, with Shell denying the acquisition rumors. The episode wraps up with a preview of an upcoming podcast with Wasif Lata, CEO of Samaria Partners, and a look at the week's energy market recap.

Highlights of the Podcast

00:00 - Intro

01:07 - Alberta Spends $5 Million to Support World’s First Direct Air Carbon Capture Centre

03:21 - China’s EV Market is in turmoil

06:24 - New York Power Grid Stabilizes After Rare Energy Warning: Energy Mix, Renewable Challenges, and Cost Comparisons

11:11 - Markets Update

12:13 - US Crude Inventories Hit 11-Year Seasonal Low, Yet Stocks Fall Amid Strong Summer Driving Demand

12:29 - Shell’s Potential Acquisition of BP: A Game-Changing Oil Megamerger?

15:57 - Outro

Please see the links below or articles that we discuss in the podcast.

Alberta Spends $5 Million to Support World’s First Direct Air Carbon Capture Centre

China’s EV Market is in turmoil

New York Power Grid Stabilizes After Rare Energy Warning: Energy Mix, Renewable Challenges, and Cost Comparisons

US Crude Inventories Hit 11-Year Seasonal Low, Yet Stocks Fall Amid Strong Summer Driving Demand

Shell’s Potential Acquisition of BP: A Game-Changing Oil Megamerger?

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