By Ella Feldman Argentina, Guyana and Brazil remain poised to drive oil production growth in South America for years to come despite the US push for investment in Venezuela, Rystad Energy says. The consulting firm estimates flagship projects in the three countries will add more than 700,000 barrels per day in oil production this year, …
Venezuela Oil Won’t Top Others in Region for Years, Rystad Says Read More »
By Priscila Azevedo Rocha Richard Holtum Photographer: Aaron M. Sprecher/Bloomberg Trafigura Group Chief Executive Officer Richard Holtum said the liquefied natural gas industry needs a “bit of innovation” when it comes to financing projects. “I feel sorry for LNG projects in the US,” Holtum said on a panel at the LNG 2026 conference in Doha. …
Trafigura CEO Says LNG Projects Need New Financing Playbook Read More »
Smith’s criteria suggest Prince Rupert may be the top option, as the city is already home to Canada’s third-largest port By Thomas Seal Danielle Smith said last week she and B.C. Premier Eby share “so much common ground” on resource development, including the possibility of expanding Trans Mountain again. Photo by Blair Gable/Postmedia files Alberta …
Alberta Premier Sees Several Options For New Oil Pipeline to Feed Asia Read More »
(Reuters) – U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending January 30, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.5 million barrels to 420.3 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 489,000-barrel rise. Crude …
US Crude Oil and Distillate Inventories Fell Last Week, Gasoline Rose, EIA Says Read More »
(Reuters) – Norway’s Socialist Party has withdrawn its support for a proposal to block Equinor’s Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed. Parliament is due on Thursday to vote on an opposition proposal seeking to revoke the LNG plant’s planned link …
Norway’s Socialist Party Backs Down From Threat to LNG Electricity Project Read More »
(Reuters) – Canadian oil sands producer Suncor Energy will present the market this spring with options it is considering for securing long-term bitumen supply, the company’s chief executive said on Wednesday. The bitumen supply question will be one of the central themes of a new long-term vision the company plans to unveil at a March …
Suncor to Lay Out Plans for Long-Term Bitumen Supply This Spring Read More »
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Summary Trump wants India to stop buying Russian oil India keeps silent but has reduced imports Russia has cut price of oil, budget suffers US pressure rises at critical moment in Ukraine peace talks (Reuters) – Russia faces a steep drop in oil income if U.S. President Donald Trump successfully pressures India to stop importing Russian …
Trump’s India Pact to Make Big Dent in Russian Oil Revenue Read More »
Summary Investors monitor Washington-Tehran developments Drone attack and tanker incident in focus Prices also supported by US inventory draw (Reuters) – Oil prices rose on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation between Washington and Tehran ahead of planned talks. …
Oil Prices Rise on U.S.-Iran Tensions; Broader Selloff Caps Gains Read More »
(Reuters) – The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas and Washington last month, a U.S. official said on Tuesday. The last $200 million from the sale has been sent to Venezuela, the official said, speaking …
US Says it Has Returned to Venezuela All $500 Million of Initial Oil Sale Read More »
