By Jack Wittels Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business. With a chartered fleet of more than 600 ships, Cargill has been at the forefront of the shipping industry’s efforts to cut carbon. Now, it’s hiring five new …
Cargill Shipping Boss Says Low Oil Makes It Harder to Cut Carbon Read More »
By Anthony Di Paola The United Arab Emirates’s state oil giant is evaluating options for a potential entry into Venezuela’s energy industry as the Middle Eastern country seeks to build out its international natural gas business, according to people with knowledge of the situation. Abu Dhabi National Oil Co. is watching developments in Venezuela, with …
Abu Dhabi’s Adnoc Is Said to Evaluate Investing in Venezuela Gas Read More »
By Ron Bousso LONDON, Jan 15 (Reuters) – Simultaneous geopolitical flare‑ups in Venezuela, Iran and the Black Sea have pushed oil prices to a three‑month high, creating a treacherous environment for investors even as a large supply glut still looms over the market. Brent crude opened the year at $61 a barrel before slipping below …
COMMENTARY: Oil Traders Wrestle With Geopolitical Trifecta and Elusive Glut Read More »
By Gavin Maguire LITTLETON, Colorado, Jan 15 (Reuters) – Despite all the policy whiplash – or perhaps because of it – the U.S. energy system has started 2026 with more buzz and momentum than seen in decades. At home, electricity production is growing far faster than in most western peers, which is allowing utilities to …
COMMENTARY: Key US Energy, Power Trends at Home and on World Markets Read More »
President Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of the Petroleum Exporting Countries, or OPEC, but added he was unsure if that would be a better situation for the United States. “Well, I think it’s better for them if they do it,” Trump …
Venezuelan crude oil was being offered this week to U.S. Gulf Coast refiners at a premium to competing Canadian barrels, two traders said. Venezuelan Merey-16 oil was offered for U.S. Gulf Coast delivery at a discount of around $6 to Brent crude futures earlier this week, a trader said, while West Canadian Select at Houston …
(Reuters) – Chevron is expected to receive an expanded Venezuela license from the U.S. government this week that could allow for increased production and exports from the South American country, three oil industry sources told Reuters on Wednesday. The U.S. oil producer is anticipated to be one of several firms to get approvals from President …
Chevron Expected to Receive Expanded Venezuela License From US This Week, Sources Say Read More »
(Reuters) – The U.S. has completed the first sales of Venezuelan oil that are part of a $2 billion deal reached earlier this month between Caracas and Washington, a U.S. official told Reuters on Wednesday. Additional sales are expected in the coming days and weeks, the official added. Revenue from the initial oil sales – …
US Completes First Venezuelan Oil Sales Valued at $500 Million, US Official Says Read More »
(Reuters) – Saudi Aramco and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world’s largest oil exporter with 1 million metric tonnes per annum (mtpa), three people familiar with the deal tell Reuters. The deal includes an option for Saudi Aramco to double the volume to 2 mtpa. …
Saudi Aramco and Commonwealth LNG Sign Long-Term Supply Deal Read More »
Blackrod SAGD goes full-scale after 15 years of pilot testing By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Blackrod SAGD project. Photo courtesy International Petroleum Corporation For the first time in nearly eight years, a brand-new oil sands project is operating in Alberta. It’s …
Rare Brand-New Oil Sands Project Starts Operating in Alberta Read More »
