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Chevron-Chartered Tanker Docks at Venezuela to Load Oil After New US License

CDN and International News, Conventional Energy, Latest, Oil / By

A Chevron-chartered tanker docked at Venezuelan state company PDVSA’s Jose terminal on Tuesday, positioning it to be the first to export crude to the United States under a new license Chevron received in July, LSEG tracking data showed. The U.S. Treasury Department late last month authorized Chevron to operate in the sanctioned OPEC nation again, …

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The Crude Oil Market Bets Trump’s India Threats are Hollow: Russell

CDN and International News, Conventional Energy, Latest, Oil / By

The crude oil market’s rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India’s imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due …

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Malaysia’s Petronas to Boost International Portfolio to 60% Over Next Decade 

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

Malaysia’s state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global …

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Denmark’s Orsted Seeks $9.4 billion as US wind Market Falters

CDN and International News, Latest, Renewable Energy, Wind / By

Denmark’s Orsted seeks $9.4 billion as US wind market falters Summary Shares drop almost 30% after rights issue announcement Says cash will provide financial robustness in 2025-2027 Discontinues US project sale Danish state to maintain majority stake in Orsted Morgan Stanley to underwrite any unsubscribed shares COPENHAGEN, Aug 11 (Reuters) – Denmark’s Orsted  on Monday asked …

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Vance Says Ukraine Peace Deal Unlikely to Satisfy Either Side

CDN and International News, Latest / By

U.S. Vice President JD Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv “unhappy.” He said the U.S. is aiming for a settlement both countries can accept. “It’s not going to make anybody super happy. Both the Russians …

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Competing Bid Received in US Auction of Shares in Citgo’s Parent

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(Reuters) – A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group led by a subsidiary of Canadian miner Gold Reserve was recommended last month as winner …

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Norway Prepares First Major Oil, Gas Licensing Round in Years

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

(Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf …

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Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks

CDN and International News, Conventional Energy, Latest, Oil / By

Summary Trump’s tariffs could strain US-India-China relations Experts doubt tariffs will change Putin’s stance Potential oil market disruptions could spike global prices, carrying risks for Trump Aug 8 (Reuters) – From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy …

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Pemex Plan Disappoints Suppliers Awaiting Billions in Overdue Payments

CDN and International News, Latest / By

The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, despite official promises to speed up payments. Rafael Espino, president of the AMESPAC association, told Reuters that in a Tuesday …

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Kuwait Oil Minister Says OPEC Monitoring Market, Trump Remarks on Russian Oil

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Kuwait’s oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil. “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,” Al-Roumi told reporters, adding …

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