Jet Fuel Took Record Share of ’24 US Refinery Output, EIA Says
In 2024, U.S. refineries produced a record 659.837 MMbbl of jet fuel, which accounted for about 11% of total refinery yields.
Venture Global’s Plaquemines Gets FERC Approval for Phase 2 Generators
Venture Global continues to ramp up production after an early winter startup.
Canadian Government to Fund Portion of Cedar LNG’s $5.96B Development Cost
The Government of Canada has pledged to contribute up to $200 million to help the Haisla Nation and Pembina Pipeline Corp. develop the $5.96 billion Cedar LNG Project
Lufkin Sells North America Downhole Business to Q2 Artificial Lift
Lufkin Industries will focus on software and surface equipment while Q2 Artificial Lift Services will expand its downhole services.
More Players, More Dry Powder—So Where are the Deals?
Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
What’s Affecting Oil Prices This Week? (March 24, 2025)
Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.
Calgary Region Hydrogen Hub Opens, Forms ‘Competitive Edge’
The Calgary Region Hydrogen Hub will initially focus on airports, heat and power, hydrogen corridors, industrial and municipal fleets and trains, according to a news release.
Trump to Impose 25% Tariff on Countries That Buy Oil, Gas From Venezuela
(Reuters) – U.S. President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States. This “secondary tariff” will take effect on April 2, Trump said in a Truth Social post. Trump said he is imposing the move …
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US NatGas Prices Flat as Record LNG Flows Offset Record Output
(Reuters) – U.S. natural gas futures held steady on Monday as record flows to liquefied natural gas (LNG) export plants offset record output and forecasts for milder weather and lower demand over the next two weeks than previously expected. Front-month gas futures for April delivery on the New York Mercantile Exchange held at $3.983 per …
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What are the Issues in US Talks with Ukraine and Russia?
(Reuters) – U.S. and Russian officials began talks in Saudi Arabia on Monday aimed at making progress towards a broad ceasefire in Ukraine with Washington eyeing a separate Black Sea maritime ceasefire deal before securing a wider agreement. The talks, which followed U.S. negotiations with Ukraine in Saudi Arabia on Sunday, come as U.S. President …
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