Oil Prices Fall With Expected Low Demand, Upcoming Supply Boost

By Erwin Seba OPEC+ supply increase expected to arrive in autumn Lackluster US demand expected as summer driving season ends Uncertainty over Russian supply impacts market sentiment Russian oil exports to India set to rise despite US pressure HOUSTON, Aug 29 (Reuters) – Oil prices fell on Friday as traders looked toward weaker demand in …

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Energy Exec Tasked With Speeding Up Project Approvals in Canada

(Reuters) – Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a process that can take a decade. Prime Minister Mark Carney announced the major projects office earlier this year, saying streamlining will …

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US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.   The oil and gas rig count, an early indicator of future output, fell by two to 536 in the …

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