Auto Added by WPeMatico
Canada’s government is in discussions with energy companies and Alberta about eliminating a federal cap on emissions from the country’s oil and gas sector if the industry and province reduce their carbon footprint in other ways, three sources with knowledge of the talks said. The sources, who were not authorized to speak publicly about the …
Canada May Drop Oil Emissions Cap as Part of New Climate Plan Read More »
By Brian Platt and Laura Dhillon Kane An LNG carrier is loaded at the LNG Canada docks in Kitimat, British Columbia. Photographer: James MacDonald/Bloomberg Prime Minister Mark Carney wants to speed construction of a major expansion of LNG Canada, a large-scale liquefied natural gas export project on Canada’s west coast. Shell Plc and its Asia-based …
Shell LNG Plant Wins Place on Carney’s Favored Projects List Read More »
The EU is sticking to its deadline to phase out Russian oil and gas imports by 2028, EU Energy Commissioner Dan Jorgensen said on Thursday after a meeting with U.S. Energy Secretary Chris Wright. The EU is negotiating legal proposals to completely phase out imports of Russian oil and gas by January 1, 2028, with …
EU Sticks to 2028 Russian Gas Exit After Talks With US Energy Chief Read More »
(Reuters) – Saudi Arabia’s crude oil exports to China are set to surge in October after a deep cut in prices, several trade sources said on Thursday. State oil company Saudi Aramco will ship about 51 million barrels to China in October, about 1.65 million barrels per day (bpd), a tally of allocations to Chinese refiners …
Saudi Crude Oil Supply to China Set to Surge in October, Trade Sources Say Read More »
Summary IEA expects global supply to rise by 2.7 million bpd in 2025 Raises demand growth forecast this year to 740,000 bpd Implied surplus to exceed 3 million bpd in 2026 OPEC forecasts due later on Thursday LONDON, Sept 11 (Reuters) – World oil supply will rise more rapidly than expected this year as OPEC+ …
World Oil Market to See Higher Supply, Surplus after OPEC+ Hike, IEA Says Read More »
A group of investors led by BlackRock’s Global Infrastructure Partners is in talks with lenders to secure up to $10.3 billion in financing for Aramco’s Jafurah infrastructure deal, two sources with direct knowledge of the matter told Reuters. Banks including JPMorgan and Japan’s Sumitomo Mitsui Banking Corporation are in talks to participate in the transaction, …
BlackRock-Led Group in Talks to Raise Around $10.3 Billion for Aramco Deal Read More »
(Reuters) – Norway’s Green Party played a crucial role in the re-election of the Labour-led government on Monday by securing 4.7% of the vote and ensuring Labour and its allies have 87 seats in parliament – two more than needed to hold a majority. Here is a look at the Greens’ main energy policy proposals, their potential impact, …
Will Norway’s Greens Phase Out Country’s Key Oil Sector After Key Election Role? Read More »
(Reuters) – Cenovus Energy does not plan to increase its takeover offer for oil sands producer MEG Energy, despite a higher bid from Strathcona Resources, CEO Jon McKenzie told Bloomberg News in an interview on Wednesday. Reporting by Sumit Saha in Bengaluru; Editing by Krishna Chandra Eluri
The Kremlin said on Monday that no sanctions will ever be able to force Russia to change course on Ukraine, just hours after both the United States and European Union indicated they were considering additional sanctions. The West has imposed thousands of different sanctions on Russia over the 2022 war in Ukraine and the 2014 …
Kremlin Says Sanctions Will Never Force Russia to Change course Read More »
China’s total oil demand including all products is set to peak in 2027, with a rise of about 100,000 barrels per day this year driven by increased volumes from the petrochemicals sector, a state oil researcher said on Monday. Surging usage of electric vehicles in China, the world’s biggest oil importer, is eroding fuel demand, …
China Oil Demand to Peak in 2027, up 100,000 Bpd This Year, State researcher says Read More »
