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Oil Sands Now Has Policies Needed to Boost Output, Canada Says

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By Robert Tuttle Canadian oil sands producers now have what’s needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country’s energy minister says. The government on Wednesday revealed plans to remove federal environmental reviews of energy projects, including oil and gas pipelines, natural gas plants and …

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Global Clean Hydrogen Investment Tops $130 Billion Amid Energy Security Push, Council Says

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TOKYO, Sept 10 (Reuters) – Global cumulative investment in clean hydrogen projects has topped $130 billion as governments increasingly view the ​fuel as a tool for energy security ‌and industrial growth alongside decarbonisation, the Hydrogen Council said on Thursday. The investment in more than 570 committed projects supports about ​6.9 million metric tons per year …

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Carney Woos Investors With Data Centers, Mines and LNG Deals

Artificial Intelligence, CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Minerals / By

By Thomas Seal, Brian Platt, and Christine Dobby Canada plans to show some of the world’s biggest investors a pitchbook laying out tens of billions of dollars’ worth of projects spanning data centers, advanced manufacturing, liquefied natural gas, ports and dozens of mines. A document seen by Bloomberg News features 167 projects intended to be …

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China Independent Refiners Scramble for Oil, Underpinning Spot Premiums

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(Reuters) – Chinese independent refiners have been rushing to secure crude from West Africa, Canada and South America in recent weeks, supporting spot premiums at multi-month highs as they replace thinning Iranian and Russian supplies, trade sources and analysts said. The purchases are set to further tighten physical markets as escalating attacks between the U.S. …

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China’s EV Penetration Could Reach 80% by 2030, Sinopec Researcher Says

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(Reuters) – China’s electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world’s …

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BofA to Plow $250 Billion Into Critical Infrastructure Projects

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By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country. The investment is intended for projects including data centers and compute power, renewable-power generation, energy storage, natural gas, electricity …

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U.S. Crude Inventories Rise by Most in 3.5 Years as Exports Slump

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By Georgina Mccartney and Liz Hampton Crude inventories rise 17.4 million barrels to 424.4 million barrels, EIA says US crude exports fall to 3.06 million bpd, lowest since November 2025, EIA says Net US crude imports rise 1.77 million bpd, highest since June 2025, EIA says HOUSTON/DENVER, Aug 12 (Reuters) – U.S. crude stocks excluding …

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Oil Supply Shortfall Worsens Despite Hit to Demand From Iran War, Says IEA

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World faces a shortfall of 1.8 million barrels a day this quarter By Grant Smith Global oil markets are undergoing a more severe supply squeeze than expected following renewed escalation in the Iran war, even as demand takes a deeper hit from higher prices, the International Energy Agency (IEA) said. The world faces a shortfall …

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US Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High Bids

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(Reuters) – The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December. The Trump administration offered more than 80 million acres (32.4 million hectares) …

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US Crude Stocks See Largest Weekly Rise in 3.5 Years, EIA Says

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trta (Reuters) – U.S. crude stocks excluding barrels in the Strategic Petroleum Reserve posted a surprise build and made their largest weekly gain since January 2023 last week as exports slumped, the Energy Information Administration said on Wednesday. Crude inventories rose by 17.4 million barrels to 424.4 million barrels in the week ended August 7, …

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