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Zelenskiy Says Russia’s Gasoline Supplies May be Down by a Fifth After Ukrainian Attacks

CDN and International News, Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Natural Gas, Oil / By

Summary Ukraine has targeted Russia’s refining capacity Zelensiky says estimates range from 13%-20% loss of supply Russia says it has adequate fuel, officials due to discuss (Reuters) – Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline supplies in Russia by up to a fifth, President Volodymyr Zelenskiy said, as both sides step …

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EU Parliament Plans to Cut Back Sustainability Law Further

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Lawmaker groups holding a majority in the European Parliament agreed a deal late on Wednesday to make deeper cuts to the EU’s corporate sustainability law The European Union’s corporate sustainability due diligence directive (CSDDD) was adopted last year and requires companies to fix human rights and environmental issues within their supply chains, or face fines …

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Drilling Frenzy Arrives in Canada’s Pristine Wilderness

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By

As countries around the world scramble to secure fuel to run their power plants, natural gas has attracted energy producers to Canada’s westernmost province. By Robert Tuttle and Thomas Seal Stretching from the ice-capped Canadian Rockies to the island-studded coastline, British Columbia has been long renowned as an outdoorsman’s paradise. Canada’s westernmost province is home …

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Russian Strikes on Ukraine’s Gas Will Reverberate Across Europe: Bousso

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Russia’s heavy bombardment of Ukraine’s natural gas infrastructure ahead of winter is set to have a knock-on impact on Europe’s energy market as Ukraine draws more fuel from its western neighbours.  Any increase in European gas prices as a result of Ukraine’s purchases is nevertheless likely to be mitigated by the abundance of global liquefied …

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EU’s Plan to Phase out Russian Energy Clears First Political Hurdle

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Summary EU considering phase-out of Russian oil and gas by January 2028 Ambassadors agree to forward proposal to ministers – diplomats Ministers’ meeting planned for October 20 (Reuters) – European Union countries’ ambassadors on Wednesday agreed to move ahead with the bloc’s plan to end Russian oil and gas imports by 2028, EU diplomats said, …

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“BEST AND FINAL” OFFER – Cenovus Energy Raises Takeover Offer for MEG Energy to US$6.2 Billion

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  Oct 8 (Reuters) – Cenovus Energy  on Wednesday sweetened its offer to acquire MEG Energy raising the value of its proposed deal to C$8.6 billion ($6.16 billion), including debt, in an attempt to match a rival bid from Strathcona Resources. Cenovus raised its bid by C$2.35 to about C$29.80 per share, and said this …

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Brookfield’s $20 Billion Adds to Rise in Energy Transition Strategies

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Growing evidence that energy transition investments are enjoying a revival By Natasha White U.S. President Donald Trump may just have dubbed climate change the “greatest con job,” but there’s growing evidence that energy transition investments are enjoying a revival. Brookfield Asset Management said on Tuesday that it had raised US$20 billion for the world’s biggest …

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Not in Poland’s Interest to Give Germany Nord Stream Suspect, Tusk Says

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WARSAW, Oct 7 (Reuters) – It is not in Poland’s interest to hand over a Ukrainian man wanted by Germany for suspected involvement in explosions which damaged the Nord Stream gas pipelines, the Polish prime minister said on Tuesday. Donald Tusk said that ultimately it was for the court to decide whether Volodymyr Z., who …

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China Accelerates Oil Reserve Site Build Amid Stockpiling Drive

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(Reuters) – China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia’s Ukraine invasion upended global energy flows and has accelerated this year, according to public data, traders and industry experts. State oil companies including Sinopec and CNOOC will add …

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As Oil Glut Fears Mount, OPEC+ Restrains Output Rises for Now

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

Summary OPEC+ opted for modest hike due to glut concerns, sources say OPEC and non-OPEC supply rising Supply to far exceed demand in 2026 -Reuters poll (Reuters) – OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC …

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