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(Reuters) – European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door for Canada to become the European Union’s first “associate member”. Earlier this week, Canada’s Prime Minister Mark Carney — who was in Strasbourg to listen to von der Leyen’s annual State of the Union address — said …
EU Chief Wants Canada to Become an ‘Associate Member’. What Does That Mean? Read More »
(Reuters) – Two pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources. Saudi Aramco, which operates the 1,200 km (745-mile) pipeline running across the Arabian Peninsula, did not respond to a request for …
(Reuters) – U.S. crude stocks fell amid strong exports while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.6 million-barrel …
US Crude Stocks Fall on Strong Exports, Fuel Inventories Rise, EIA Says Read More »
(Reuters) – The Houthi capture of ground overlooking the Bab el-Mandeb Strait has dealt Saudi Arabia its gravest setback in Yemen in years, exposing intelligence failures, the collapse of Yemeni allies and the limits of U.S. protection. A Houthi advance this week along the Red Sea coast and the capture of islands at the mouth …
Houthi Blitz Leaves Saudi Arabia Exposed, Iran Emboldened Read More »
(Reuters) – Equinor aims to expand its liquefied natural gas supply portfolio to between 10 million and 15 million metric tons per year (tpy) early in the next decade to meet demand from Europe and Asia, senior executives said on Thursday. The Norwegian producer is expected to announce a second deal to supply LNG to …
Equinor Plans LNG Expansion in early 2030s to Meet European and Asian Demand Read More »
(Reuters) – Argentina will file new legal complaints against companies exploring for oil near the Falkland Islands, the government said on Tuesday, escalating Buenos Aires’ campaign against businesses operating in the British overseas territory. The move is part of a broader push by President Javier Milei’s government, which is also preparing legislation this week to …
Argentina Escalates Legal Push Against Falklands Oil Exploration Firms Read More »
(Reuters) – Oil loadings at Saudi Arabia’s Red Sea port of Yanbu have been suspended, days after the world’s biggest crude exporter closed its East-West pipeline due to an attack by Yemen’s Iran-aligned Houthis, shipping industry sources said on Tuesday. Saudi Aramco, which has increased use of the Yanbu terminal since the U.S. war with …
Oil Loadings Suspended at Saudi’s Red Sea Port of Yanbu, Shipping Sources Say Read More »
(Reuters) – The crisis around the Strait of Hormuz will end soon, the chief executive of Oman LNG said on Tuesday. The Hormuz crisis will not change the company’s long term plans, Hamed Al Naamany told an industry forum in Bangkok. “We have already been planning to produce more, we’ve been working on it for …
Hormuz Crisis Will End Soon, Oman LNG Chief Exec Says Read More »
EnergyNow Media Prime Minister Mark Carney used his keynote address at the Canada Investment Summit in Toronto on Tuesday to declare that Canada intends to become the most attractive investment destination in the G7. Carney set an ambitious national target: attracting and catalyzing $1 trillion in investment over the next five years across energy, transportation, …
By Eamon Farhat UK household energy bills are poised to jump by about 25% in January amid sharpened tensions in the Middle East, according to a Bloomberg Economics forecast that threatens to upend Prime Minister Andy Burnham’s drive to bear down on the cost of living. The regulator Ofgem will use energy futures prices observed …
Energy Bills Forecast to Jump 25%, Bloomberg Analysis Finds Read More »
