David Blackmon As we celebrate America’s 250th birthday, one of the finest blessings our Founders gave our nation stands out with particular clarity: the system of free enterprise. That system did not merely enable liberty and prosperity in the abstract. It unleashed the human ingenuity, risk-taking, and capital allocation that turned America into the world’s …
America’s Energy Dominance: The Fruit of Freedom on Our 250th Read More »
Summary Benchmarks touched pre-war lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango signals fading shortage concerns CALGARY/LONDON (Reuters) – Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace between the U.S. and Iran. Brent …
Oil Prices Little Changed for Week as US-Iran Peace Efforts Hold Read More »
By Amanda Stephenson and Robert Harvey Benchmarks touched pre-war lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango signals fading shortage concerns CALGARY/LONDON, July 3 (Reuters) – Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace …
Oil Prices Little Changed as US-Iran Peace Efforts Hold Read More »
(Reuters) – Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing through the Strait of Hormuz, data showed, though exports remained 40% below pre-war levels. The United Arab Emirates led the recovery, allowing millions of …
Gulf Oil Exports Jump in June on Record UAE Flows Read More »
By Alex Lawler LONDON, July 3 – The Iran war has created the largest oil supply shock ever in terms of daily production losses but the 1979 Iranian Revolution remains the biggest oil crisis by cumulative supply loss, according to Reuters calculations based on International Energy Agency, OPEC and U.S. Department of Energy data. The …
Iran War Still Trails the 1979 Oil Shock by Total Losses Read More »
By Robert Tuttle Pembina Pipeline Corp. will move ahead with a C$4.6 billion ($3.2 billion) gas-fired electricity plant that will power a data center project in Alberta. The Greenlight Electricity Center, a 932-megawatt plant to be built in Sturgeon County, will serve a “major data center” development, Pembina, Morgan Stanley Infrastructure Partners and Kineticor Asset …
Canada’s Pembina Advances Gas-Fired Data Center Project Read More »
Fracking, booming power demand and enthusiastic political support have underpinned the fuel’s rise, but for how long? By Julian Hast and Nathan Risser The transformation of the US and its economy over the last 250 years can be tracked through its energy use: An early dependency on burning wood gradually gave way to coal, and …
By Anushree Ashish Mukherjee and Robert Harvey Six-month Brent spread flipped to a discount Wednesday for the first time this year Rise in Strait of Hormuz flows leaves near-term glut on market Potential for storage plays is limited at current price structure, analyst says LONDON, July 3 (Reuters) – Brent crude for prompt delivery traded …
Brent Oil Curve Weakens Further as Prompt Supply Glut Swamps Market Read More »
G7 leaders welcome prospect of more Canadian crude in world markets By Deborah Jaremko Tanker calling at the Westridge Marine Terminal in the Port of Vancouver. Photo courtesy Trans Mountain Corporation Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of …
Lasting Strait of Hormuz Risks Strengthen Case for Canadian Heavy Oil Exports Read More »
By Afiq Fitri Alias LONDON, July 3 (Reuters Breakingviews) – The United States is again trying to lure foreign capital into Iran. A key part of last month’s ceasefire signed between Washington and Tehran was a $300 billion “reconstruction fund” for the Islamic Republic. The details may differ from a similar push in the wake …
Iran’s $300 bln Rebuild Fund Risks a Familiar Fate Read More »
