EU Plans to Let Gas Price Cap Expire, Sources Say
The EU intends to let its gas price cap expire as scheduled at the end of this month, EU diplomats said.
Devon Energy Announces Changes to Executive Leadership Team
Among personnel moves, Devon Energy announced John Raines and Trey Lowe have been promoted to senior vice president roles.
Panama Canal Traffic Rose in Dec, but Waterway Still Has Empty Slots
Some vessels, including LNG tankers, have continued using alternative routes due to the canal’s increase in passage fees in the last decade.
Shale Consolidation Aftermath: The Field Narrows
Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
Montana Renewables Closes $1.44B DOE Loan for Facility Expansion
The expansion project will lift annual production capacity to about 300 million gallons of sustainable aviation fuel (SAF) and 330 million gallons of combined SAF and renewable diesel.
Kinder Morgan Acquires Bakken NatGas G&P in $640MM Deal
The $640 million deal increases Kinder Morgan subsidiary Hiland Partners Holdings’ market access to North Dakota supply.
Russia Sanctions Arm Trump for Talks With Putin
Measures mark first serious attempt to restrict the flow of funds into the Kremlin’s war chest. Julian Lee, Bloomberg News Outgoing US President Joe Biden has seized the opportunity of lower oil prices and an impending period of oversupply to ratchet up pressure on Moscow. His parting sanctions on Russia’s energy industry are the first serious attempt to restrict …
Alberta Premier Danielle Smith Visits Mar-a-Lago to Defend Alberta and Canada Interests
Trump’s tariff threat, and remarks about Canadian sovereignty, have alarmed Canadians across the political spectrum Alberta Premier Danielle Smith visited U.S. president-elect Donald Trump at Mar-a-Lago on Saturday evening and again Sunday morning, as Smith continues her campaign to woo American politicians in the face of tariff threats from the incoming president. “We had a …
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U.S. Oil Refiners Brace for a Tough Year as Investor Sentiment Turns Negative
Summary Refiner profits fall as new capacity and normal margins return Gasoline and diesel crack spreads hit lows in December Analysts lower earnings expectations amid weak crack spreads Uncertainty over Trump’s tariffs impacts refiner margins and costs (Reuters) – Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and …
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Tougher U.S. Sanctions to Curb Russian Oil Supply to China and India
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine. Many of the tankers have been used to ship oil to India and China as western sanctions and …
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