mark

US Declines to Sign World Bank Directors’ Joint Statement on Climate Agenda

Conventional Energy, Latest, Oil, US News / By

Summary Most World Bank directors signed the statement Statement calls for continuing 45% pledge for climate finance IMF, World Bank preparing for annual meetings next week (Reuters) – Nineteen of the World Bank’s 25 executive directors issued a joint statement this week affirming their support for the bank’s continued work on climate change, defying the …

US Declines to Sign World Bank Directors’ Joint Statement on Climate Agenda Read More »

Google to Invest $10 billion in Data Centre and AI Project in India

Artificial Inteligence, CDN and International News, Energy Topics & Technology, Latest / By

Alphabet Inc’s Google will invest $10 billion to set up a massive data centre and artificial intelligence hub in Andhra Pradesh, officials from the southern Indian state said, marking its biggest such investment in the South Asian nation. Google will build a 1-gigawatt data centre campus in the port city of Visakhapatnam, combining AI infrastructure, …

Google to Invest $10 billion in Data Centre and AI Project in India Read More »

Oil Executives Flag Increased Costs from Trump’sTariffs

Energy Topics & Technology, Latest, OFS-Oilfield Services / By

The executives of two oil companies warned this week that tariffs resulting from the U.S. administration’s trade policies were driving up costs across the energy production chain and affecting investment decisions. TotalEnergies CEO Patrick Pouyanne told the Energy Intelligence Forum in London on Tuesday that tariffs on steel were pushing up costs for liquefied natural gas …

Oil Executives Flag Increased Costs from Trump’sTariffs Read More »

OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More

CDN and International News, Conventional Energy, Latest, Oil, Tri-Pinned / By

Summary OPEC’s forecasts had pointed to tighter market in 2026 OPEC leaves demand forecasts unchanged for 2025, 2026 IEA, which sees big 2026 surplus, to update view on Tuesday (Reuters) – World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, …

OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More Read More »

Russia’s Oil and Fuel Export Revenues Fell Again in September, IEA Says

CDN and International News, Conventional Energy, Latest, Oil / By

Summary Oil and fuel export revenues down to $13.35 billion in September Crude exports rise to 5.1 mln bpd, highest since May 2023 Oil product exports drop to 2.4 mln bpd, lowest since April 2020 Drones knocked out another 200,000 bpd of crude processing MOSCOW, Oct 14 (Reuters) – Russia’s revenues from crude oil and …

Russia’s Oil and Fuel Export Revenues Fell Again in September, IEA Says Read More »

Canada’s Oil Sands are the Costco of World Energy – Dependable and You Know Exactly Where to Find It – Stewart Muir

CDN and International News, Conventional Energy, Latest, Oil / By

Canada’s secret energy advantage: long life, no decline By Stewart Muir Oil and gas fields almost everywhere face natural decline. Shale wells lose about 70 per cent of their output in the first year. Many conventional reservoirs also taper off, often in the range of 5 to 7 per cent annually, though actual decline rates …

Canada’s Oil Sands are the Costco of World Energy – Dependable and You Know Exactly Where to Find It – Stewart Muir Read More »

US Oil Futures Backwardation Narrows to 20-Month Low on Mounting Fears of a Glut

Conventional Energy, Latest, Oil, US News / By

Front-month U.S. crude oil futures ended Monday’s trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal refinery maintenance in the U.S. pressures demand for prompt barrels. Narrowing backwardation, the market term for immediate deliveries fetching a premium over later deliveries, suggests investors are making less …

US Oil Futures Backwardation Narrows to 20-Month Low on Mounting Fears of a Glut Read More »

Oil Falls More Than 2% on US-China Trade Tensions and IEA Report

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent crude futures, WTI both fall 1.6% IEA raises its forecast for global oil supply growth this year IEA also lowers its demand growth forecast LONDON, Oct 14 (Reuters) – Oil prices fell by more than 2% on Tuesday as trade tensions flare between the U.S. and China, the world’s two biggest economies, and …

Oil Falls More Than 2% on US-China Trade Tensions and IEA Report Read More »

Saudi Aramco Can Sustain 12 Million Bpd Maximum Oil Capacity for a year, CEO Says

CDN and International News, Conventional Energy, Latest, Oil / By

Saudi Aramco can sustain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional costs, Chief Executive Amin Nasser said on Monday. Saudi Arabia holds a substantial share of the world’s spare oil capacity – idle supply that can quickly be brought to market. Speaking at the Energy Intelligence …

Saudi Aramco Can Sustain 12 Million Bpd Maximum Oil Capacity for a year, CEO Says Read More »

Subscribe
Subscribe