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(Reuters) – Efforts to reach a preliminary deal between Iran and the U.S. have intensified, three Iranian sources and a European official told Reuters on Thursday, despite strikes launched by both sides, as they discuss a mechanism over releasing frozen Iranian funds. The sources said Iran and the United States were still exchanging messages over …
Iran Seeks Funds as US Talks Edge to Interim Deal, Sources Say Read More »
(Reuters) – Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market. The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas …
Hormuz Reopening Could be OPEC’s Undoing: Bousso Read More »
Summary Cuts 2026 oil demand growth forecast by further 200,000 bpd amid Iran war impact OPEC+ output drops by 190,000 bpd in May, led by Iran facing US blockade Raises 2027 demand growth prediction (Reuters) – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the …
OPEC Again Lowers 2026 Global Oil Demand Growth Forecast Read More »
Canada’s Trans Mountain pipeline is running at full capacity for the first time since the completion of a major expansion two years ago, but an executive said Wednesday that ongoing global turmoil makes predicting future capacity rates difficult. * The 890,000-barrel-per-day pipeline, which carries oil from the province of Alberta to British Columbia’s west …
Trans Mountain Pipeline in Canada Hits Full Capacity Two Years After Expansion Read More »
(Reuters) – The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on. “If you want to know …
Iran War Anxiety Sends Global Container Shipping Rates Soaring Read More »
CALGARY – The CEO of the under-construction Woodfibre LNG project in British Columbia says Ottawa’s push to market Canada as a reliable energy supplier is starting to come to fruition. Luke Schauerte made his remarks in an interview on the sidelines of the Global Energy Show in Calgary, and shortly after another B.C. LNG project …
Woodfibre LNG Head Says Global Buyers Recognizing Canada as Stable Supplier Read More »
(Reuters) – Abu Dhabi National Oil Company is exploring opportunities in Canada’s upstream and liquefied natural gas sectors through its international arm XRG, a senior company executive said on Tuesday at the Global Energy Show in Calgary. Musabbeh Al Kaabi, ADNOC’s CEO of upstream, did not provide details on what specific investments the company may …
ADNOC Eyeing Canada Upstream and LNG Opportunities Via XRG Arm, Executive Says Read More »
Liquefied natural gas demand in Asia is quietly recovering from the shock of losing almost 20% of global supply to the Iran conflict as top buyer China shows signs of returning to the market. The biggest-importing region is on track for arrivals of 21.83 million metric tons in June, the most for five months and …
LNG Demand in Asia Recovers From Iran Shock as China Buys Read More »
( Reuters) – Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday. Around 92 GW of offshore wind was installed by the end of 2025, enough to power around 100 …
Global Offshore Wind Capacity Set to Grow to 420 GW by End of 2035, GWEC Report Says Read More »
(Reuters) – Crude oil prices pushed up by the Iran war helped propel Canada’s goods trade surplus in April up by 55% to a 15-month high of C$2.72 billion ($1.95 billion), Statistics Canada said on Tuesday. Analysts polled by Reuters had forecast a surplus of C$2.57 billion. Statscan revised March’s surplus down to …
Canada Trade Surplus Hits 15-Month High in April on Soaring Crude Prices Read More »
