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Ron Bousso Summary Brent oil prices drift towards $60 a barrel Future contracts have shifted in recent weeks into a contango structure Huge divergence in estimates over OPEC production to put floor on oil price decline (Reuters) – Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but …
OPEC Production Confusion Should Put Floor Under Oil Prices Read More »
The facts about one of Canada’s biggest industries By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of an oil sands SAGD production well pad in northern Alberta. Photo supplied to the Canadian Energy Centre Alberta’s oil sands sector is one of Canada’s most important …
By Yusuke Maekawa Japan’s trade minister said the country aims to curb dependence on Russian liquefied natural gas, but can’t immediately halt imports despite growing pressure from the US. “Japan has steadily reduced dependency on Russian energy in the wake of the Ukraine war,” Trade Minister Yoji Muto said on Tuesday, without providing a timeline …
Japan Says It Is Working to Reduce Dependence on Russian LNG Read More »
(Reuters) – U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day (bcfd) in May 2025, the most of any month on record as Mexico’s demand for natural gas increases, the U.S. Energy Information Administration said on Monday. On an annual basis, U.S. natural gas pipeline exports to Mexico averaged 6.4 …
US Natural Gas Exports to Mexico Hit Record Highs, EIA Says Read More »
LPG tanker MV FALCON on fire and adrift in the Gulf of Aden, following a salvage operation, after an explosion on board on October 18, 2025, maritime security sources said. EUNAVFOR ASPIDES/Handout via REUTERS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT ATHENS, Oct 20 (Reuters) – An operation was underway on …
Operation Underway to Salvage LPG Tanker MV Falcon After Explosion in Gulf of Aden Read More »
Ukraine may import gas worth around $2 billion from Europe, the United States and Azerbaijan this winter, President Volodymyr Zelenskiy said, after its gas infrastructure was severely damaged by Russian attacks. He did not specify how much gas Ukraine planned to purchase. Kyiv had expected to import 4.6 billion cubic meters (bcm) of gas before …
Ukraine Prepares for Record Gas Imports after Russian attacks, Zelenskiy Says Read More »
(Reuters) – EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said. The ministers approved the plans, which would phase out new Russian gas import contracts from January 2026, existing short-term contracts from June 2026, and long-term …
EU Agrees to Gradually End Russian Gas Imports by January 1, 2028 Read More »
U.S. and European pressure on Asian buyers of Russian energy could restrict India’s oil imports from December, leading to cheaper supplies for China, while Japan is unlikely to halt its Sakhalin liquefied natural gas shipments for now, trade sources and analysts said. Washington is exerting pressure on China, India and Japan through trade talks to …
Western Pressure to Hit Asian Buying of Russian Oil From December Read More »
(Reuters) – The European Union has set a requirement for fuel importers into the bloc to prove their fuels are not made from Russian crude, according to a document published on Thursday. The document provides guidance on the EU’s upcoming ban on imports of fuels refined from Russian crude, part of its 18th sanctions package …
EU Publishes Rules for Ban to Close ‘Back Door’ for Russian Oil Read More »
By Maha El Dahan Qatar supplies 12%-14% of Europe’s LNG since Russia’s invasion of Ukraine Qatar’s energy min says calls to EU Commission go unanswered Changes proposed by EU lawmakers this week don’t address Qatar’s key concerns Oct 16 (Reuters) – Qatar will not be able to do business in the EU, including supplying Europe …
Qatar’s Energy Minister Warns EU Law Could Stop it Supplying LNG to Europe Read More »
