Latest

U.S. Stands to Lose Canadian Natural Gas When LNG Canada Terminal Starts Up

The marine offloading facility at the LNG Canada site is pictured, in Kitimat, Canada, September 2022. LNG Canada/Handout/ File Photo May 3 – The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where …

U.S. Stands to Lose Canadian Natural Gas When LNG Canada Terminal Starts Up Read More »

Heavy Oil Shortage Spells Higher Cost for U.S. Shippers, Road Builders

(Reuters) – Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners’ costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and …

Heavy Oil Shortage Spells Higher Cost for U.S. Shippers, Road Builders Read More »

U.S. Oil Executive Censure Puts Spotlight on Shale-OPEC Meetings

A U.S. regulator’s censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners attended by dozens of shale executives. The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from …

U.S. Oil Executive Censure Puts Spotlight on Shale-OPEC Meetings Read More »