By Ewa Krukowska and Stephen Stapczynski The European Union has reached a deal to phase out Russian gas faster than originally planned, a move that aims to finally sever ties between the bloc and its once-primary energy supplier. In the aftermath of the invasion of Ukraine, traders and energy companies have closely monitored the EU’s …
EU Finalizes Deal to Phase Out Russian Gas Imports by 2027 Read More »
Heavy Western Canadian Select fell to US$13 below West Texas Intermediate on Tuesday By Robert Tuttle Canadian crude prices have fallen to their weakest relative to the U.S. benchmark since March as surging production from Alberta meets an already well-supplied world market. Heavy Western Canadian Select, traded in Alberta for January, fell to US$13 below …
Canadian Oil Tumbles to Weakest Since March as World Glut Builds Read More »
(Reuters) – The U.S. Energy Information Administration published its weekly petroleum status report more than half an hour later than expected on Wednesday due to technical issues, although some traders got access to the data earlier than others. Oil traders closely watch the weekly EIA report as it includes the U.S. government’s official update on …
Technical Glitch Allowed Some Traders to Access US Oil Market Data Earlier Than Others Read More »
(Reuters) – Venezuela’s oil exports rose slightly to some 921,000 barrels per day (bpd) in November, the third-highest monthly average so far this year, as the country used more diluents to produce exportable grades, according to shipping data and documents. The OPEC producer is under increasing political pressure from the U.S., which has struck a …
Venezuela’s Oil Exports Surpass 900,000 bpd Despite US Pressure, Data Shows Read More »
(Reuters) – HOUSTON, Dec 3 – U.S. crude and gasoline stocks rose while distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 574,000 barrels to 427.5 million barrels in the week ended November 28, the EIA said, compared with analysts’ expectations in a Reuters poll for an 821,000-barrel …
US Crude, Gasoline Stocks Rise, Distillate Inventories Fall, EIA Says Read More »
(Reuters) – U.S. crude oil imports from Mexico fell by 431,000 barrels per day (bpd) to a weekly record low of 131,000 bpd in the week ended November 28, according to data from the U.S. Energy Information Administration’s (EIA) Petroleum Supply Report going back to 2010. That was lower than the prior all-time low for …
US Crude Oil Imports From Mexico Fell to Record Low Last Week, EIA Says Read More »
(Reuters) – Enbridge on Wednesday forecast higher core profit for 2026, as the Canadian pipeline operator expects to benefit from strong demand and new projects entering service. The company projected an adjusted core profit of C$20.2 billion ($14.49 billion) to C$20.8 billion, compared with expectations of between C$19.4 billion and C$20 billion for this year. …
Pipeline Operator Enbridge Forecasts Higher 2026 Core Profit Read More »
It has been over a month since the head of Pemex made a plea for partners to help Mexico’s ailing state oil company on projects needed to boost dwindling production, but national and international companies have not yet bitten. “We’re open,” Victor Rodriguez told the assembled executives on October 23, at an energy event in …
Pemex Debt is Red Flag for Potential Partners as Mexico Seeks to Boost Oil Output Read More »
Across the United States, heavy industries—from oil and gas to petrochemicals, power generation, mining, and metals—are operating under increasing pressure. Production demands are rising, labor shortages are growing, and regulatory expectations remain high. In this environment, even a single equipment failure can trigger costly downtime, safety risks, and environmental consequences. Many operators are now asking …
By Ari Natter and Josh Saul Generac Holdings Inc. generators at a warehouse in Glenview, Illinois. Photographer: Tim Boyle/Bloomberg The US is looking to tap the nation’s network of large industrial diesel generators used at data centers, big box stores and elsewhere to help curb rising electricity costs and support the surge in power demand …
US Eyes Diesel Generators to Meet Growing AI Power Demand Read More »
