Auto Added by WPeMatico
U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war. The U.S. Treasury Department said it was prepared to take further action as it called on Moscow …
US Hits Top Russian Oil Companies Rosneft and Lukoil With Sanctions Read More »
U.S. President Donald Trump on Wednesday said he expected to reach a trade agreement with Chinese President Xi Jinping, and said he would raise concerns about China’s purchases of Russian oil during their meeting in South Korea next week. “I think we’ll make a deal,” Trump told reporters during a meeting with NATO Secretary General …
Trump Says He Sees Trade Deal With Xi, Will Discuss Russian Oil Purchases Read More »
(Reuters) – The operator of Canada’s Trans Mountain pipeline and oil shippers are in talks to resolve a shipping cost dispute that has deterred usage of Canada’s only east-west pipeline and hindered the government’s plan to sell it. Documents filed with the Canada Energy Regulator on Tuesday by Trans Mountain Corp and a group of …
Trans Mountain Pipeline, Canada Oil Shippers in Talks to Resolve Shipping Cost Dispute Read More »
(Reuters) – Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. Dealmaking fell for the third straight quarter as U.S. crude futures averaged around $65 a barrel during the July through September period, around the level producers …
Upstream Oil and Gas Dealmaking Down in Third Quarter as Oil Prices Stayed Low Read More »
(Reuters) – U.S. crude oil, gasoline and distillate inventories fell last week as refining activity and demand strengthened, the Energy Information Administration said on Wednesday. Crude inventories fell by 961,000 barrels to 422.8 million barrels in the week ended October 17, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.2 …
US Crude, Fuel Inventories Fall on Robust Refining and Demand, EIA Says Read More »
(Reuters) – Saudi Arabia’s crude oil exports in August rose to their highest level in six months, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. Crude exports increased to 6.407 million barrels per day (bpd) from 5.994 million bpd in July, marking their highest level since February 2025. Saudi Arabia, the world’s …
Saudi Arabia Crude Exports Rise to Six-Month High in August Read More »
By Sheila Dang HOUSTON, Oct 22 (Reuters) – Exxon Mobil (XOM.N) said on Wednesday it signed an agreement with the government of Gabon to explore for oil and gas off the coast of the central African country. The memorandum of understanding, a non-binding agreement, marks an expansion of the top U.S. oil major’s activities in …
Exxon Inks Agreement With Gabon to Explore for Oil and Gas Read More »
Ron Bousso Summary Brent oil prices drift towards $60 a barrel Future contracts have shifted in recent weeks into a contango structure Huge divergence in estimates over OPEC production to put floor on oil price decline (Reuters) – Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but …
OPEC Production Confusion Should Put Floor Under Oil Prices Read More »
The facts about one of Canada’s biggest industries By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of an oil sands SAGD production well pad in northern Alberta. Photo supplied to the Canadian Energy Centre Alberta’s oil sands sector is one of Canada’s most important …
(Reuters) – The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks to take advantage of relatively low oil prices to help replenish the stockpile. The previous administration of former President Joe Biden sold record amounts …
US Seeks 1 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
