Conventional Energy

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With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline

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China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations …

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Canadian Oil Producer Strathcona to Launch US$4.25 Bln Hostile Bid for MEG Energy

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

(Reuters) – Canadian oil and gas producer Strathcona  said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) hostile takeover bid for rival MEG Energy, aiming to create one of the country’s largest oil sands companies. The all-cash-and-stock unsolicited offer would combine two of Canada’s largest pure-play thermal oil sands operators, and make Strathcona …

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Oil Heads for Weekly Gain but Remains Under Supply Hike Pressure

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI rise after more than 2% drop in previous session Both post second weekly gain in a row Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next (Reuters) – Oil prices edged up on Friday, heading for a second consecutive weekly gain on easing U.S.-China trade …

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Global Oil Supply to Rise Faster Than Expected After OPEC+ Hike, IEA Says

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

By Robert Harvey and Enes Tunagur Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of year Expects lower oil prices to hit US shale oil output growth Revises up 2025 total demand forecast LONDON, May 15 (Reuters) – World oil supply will rise more …

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OPINION: Washington Is Selling Energy Insurance Against Itself. Seriously. – Liam Denning

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, Renewable Energy, US News, Wind / By

A House committee wants to compensate some energy companies if the government derails their projects. By Liam Denning Pick a side. Photographer: Brandon Bell/Getty Images North America The legislating of energy policy in Washington has become so volatile that some folks want to sell insurance against it. Those folks happen to be the politicians in …

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Enbridge to Sell BC Gas Pipeline Stake to Canada Indigenous Groups

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By Brian Platt, Thomas Seal, and Robert Tuttle Enbridge Inc. plans to sell a stake in a natural gas pipeline system in British Columbia to Indigenous communities in a deal that will be financially backed by the Canadian government. The government will provide a C$400 million ($286 million) loan guarantee to support a partnership of …

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Strathcona Shifts to Pure Heavy Oil Producer With $2 Billion Montney Sale

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By Robert Tuttle and Geoffrey Morgan Canadian oil tycoon Adam Waterous’s Strathcona Resources Ltd. agreed to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is disposing of gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion). The largest …

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Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures

Conventional Energy, Latest, Oil, US News / By

More clarity needed to complete closure of activities, experts say Some firms willing to sacrifice exports if they can preserve joint venture stakes Chevron not giving up on convincing Trump that presence in Venezuela key for energy security May 15 (Reuters) – U.S. oil producer Chevron Corp (CVX.N) and several European companies are in talks …

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IEA Predicts Slower Oil Demand Growth for the Rest of 2025, Met with Jump in Supply

Conventional Energy, Latest, Oil, US News / By

Summary IEA adjusts 2025 global demand growth forecast higher by 20,000 bpd IEA hiked 2025 global supply growth forecast by 380,000 bpd IEA sees lower oil prices hitting U.S. shale oil output growth IEA sees global demand growing slower for rest of this year (Reuters) – The International Energy Agency (IEA) said on Thursday that …

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Oil Slides 3% on Expectations for US-Iran Nuclear Deal

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Trump says US close to securing Iran nuclear deal US crude stockpiles rose last week IEA slightly upgrades 2025 oil demand growth forecast (Reuters) – Oil prices fell by about $2 on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil …

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