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By Ahmad Ghaddar and Alex Lawler OPEC+ meets on Sunday, expected to be online Eight OPEC+ members to also meet on Sunday to review market LONDON, Nov 25 (Reuters) – OPEC+ is likely to leave output levels unchanged at its meeting on Sunday while focusing talks on a theoretical topic of how much oil its …
OPEC+ Seen Keeping Oil Output Unchanged, Focus on Capacity Debate Read More »
By Shariq Khan ‘Tremendous progress’ toward Ukraine-Russia peace deal, White House says Zelenskiy could visit the US in next few days Russia stresses deal cannot stray too far from its objectives NEW YORK, Nov 25 (Reuters) – Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. …
Oil Falls as Ukraine Signals Support for Framework of Russia Peace Deal Read More »
Summary Maduro could offer a portion of oil cargoes currently sold to China Washington and Caracas could also engage in negotiations to restore US energy licenses New phase of action against Venezuela puts more pressure on Maduro (Reuters) – Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which …
What Could Maduro Offer Trump in Potential Talks? Oil! Read More »
Takeaways by Bloomberg AI Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to the broad terms of a deal that would support a new oil pipeline to Canada’s west coast. The federal and provincial leaders are set to announce a milestone deal granting special exemptions and “political support” to a new pipeline. British …
Canada Agrees to Deal That Paves Way for New Oil Pipeline, Report Says Read More »
Revenue from energy production on U.S. public lands and waters fell 11% in the latest fiscal year to $14.61 billion, the Interior Department said on Monday, citing lower prices for commodities like oil. WHY IT’S IMPORTANT The total was the lowest since 2021, the first year of the administration of U.S. President Joe Biden, but …
US Funds From Federal Energy Production Slid 11% in 2025 Read More »
Nov 24 (Reuters) – The U.S. Federal Energy Regulatory Commission, or FERC, said on Monday it has granted a five-year extension to complete construction of Sempra’s (SRE.N) Cameron LNG export facility in Louisiana and place it into service. In October, Cameron LNG had filed an extension request for five years (until March 16, 2033) to …
FERC Grants Five-Year Extension to Sempra’s Cameron LNG Project in Louisiana Read More »
By Nicole Jao BP excavates over 200 feet of pipeline to locate leak source Major airlines add refueling stops to flights amid pipeline shutdown Delta Air Lines and Alaska Airlines use tanker trucks to supplement fuel NEW YORK, Nov 24 (Reuters) – BP’s (BP.L) Olympic Pipeline system remained offline on Monday as the oil major …
BP’s Olympic Pipeline Shutdown Hits Airlines’ Fuel Supply Read More »
CAIRO, Nov 24 (Reuters) – Abu Dhabi state oil company ADNOC plans $150 billion of investment between 2026 and 2030, it said on Monday, seeking to maintain existing operations, drive growth and meet global energy demand. During a meeting on Monday, the board of directors welcomed the company’s increased oil reserves at 120 billion stock …
Abu Dhabi’s ADNOC Plans $150 Billion in Capital Investments Between 2026-2030 Read More »
By Sing Yee Ong Spot freight rates for liquefied natural gas tankers extended a surge as record-breaking exports from North America tied up more vessels. The cost to hire a ship transporting LNG from the US to Europe jumped by about 12% on Friday to $130,750 a day, the highest since December 2023, according to …
LNG Freight Rates Extend Rally on Strong North American Exports Read More »
By Weilun Soon The cost of hiring an oil supertanker on a benchmark route spiked to the highest in more than five years, as buyers sought alternatives to sanctioned Russian crude amid increased supply from Middle East and US producers. Benchmark rates for very-large crude carriers that can transport up to 2 million barrels from …
Tanker Rates Hit New High as Buyers Seek Non-Russian Oil Read More »
