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By Rachel Aiello Prime Minister Mark Carney and Alberta Premier Danielle Smith have signed a major new energy co-operation agreement outlining the emission and other climate conditions that need to be met in order for the federal government to provide a “clear and efficient” process to approve a new oil pipeline to the Pacific under …
(Reuters) – Russia’s Urals oil price discount to global benchmark Brent widened by six percentage points this month to 23%, Russian central bank said on Thursday it its review. The discounts, though less severe than those seen after the initial wave of Western sanctions in 2022, reflect mounting pressure on Russian oil revenues – a …
Russia’s Urals Oil Price Discount Widens to 23% in November, Central Bank Says Read More »
(Reuters) – The European Union, Britain and the U.S. have imposed a raft of sanctions against Russia over its war in Ukraine. In October, the U.S. targeted Russia’s two top oil producers, Rosneft and Lukoil. Below is a timeline of key Western sanctions imposed since August 2024: 2024: August 23 – The U.S. imposed sanctions …
(Reuters) – Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its stance on new licences while dashing oil and gas producers’ hopes for an early end to windfall taxes on their sector. From an output of around 4.4 million barrels of oil equivalent …
Britain Eases Opposition to New Oil, Gas Permits, Holds Firm on Taxes Read More »
(Reuters) – GOLDMAN SACHS: Estimate downside risks to crude prices, and especially refined oil product prices, if sanctions on Russia’s oil sector were to be lifted Says its base case still assumes a status quo for sanctions on Russian oil, an extension of the recent downward trend in Russia production, and a decline in brent/WTI …
Bloomberg News Canadian Prime Minister Mark Carney said his government is negotiating an agreement with Alberta that “creates necessary conditions” for the future construction of a new oil pipeline to Canada’s west coast. A project that allows western Canada to ship crude via tanker to overseas markets is one of the main requests of Alberta Premier Danielle …
A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved …
Reliance Industries, JV Partners to Invest $11 Billion in India AI Data Capacity Read More »
Ron Bousso (Reuters) – Europe’s gas market is far calmer today after years of turmoil that saw the region swap Russian supplies for liquefied natural gas (LNG) imports, a strategy that is unlikely to change even if U.S. President Donald Trump brokers a peace deal in Ukraine. The White House is pushing Moscow and Kiev to agree to a plan to …
Don’t Expect Ukraine Peace Deal to Alter Europe’s Gas Gameplan Read More »
By Marcus Lu | Graphics/Design: Amy Kuo Visualizing All of the World’s Data Centers in 2025 Key Takeaways November 2025 data reveals America’s leadership in digital infrastructure, accounting for roughly 38% of the world’s data centers. Europe is also a major force, with nearly 3,500 data centers across the region. Data centers are the backbone …
Visualizing All of the World’s Data Centers in 2025 Read More »
LONDON, Nov 25 (Reuters) – OPEC+, which pumps about half the world’s oil, has paused oil output hikes for the first quarter of 2026 after releasing some 2.9 million barrels per day into the market since April 2025. The group still has about 3.24 million bpd of output cuts in place, representing around 3% of …
Explainer: OPEC+ Policies of Oil Output Hikes and Cuts Read More »
