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Supply Issues, Compliance Costs Drive up California Fuel Prices, EIA Says

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees, the U.S. Energy Information Administration said on Monday. In March, costs from Californian environmental programs such as Cap-and-Trade and the …

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US Gulf Oil Output Could Reach 2.4 Million bpd Even Amid Volatility, Industry Leaders Say

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

(Reuters) – The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday. U.S. President Donald Trump’s global tariff announcements have since last month contributed to a decline in oil prices and fears of an economic downturn, making it more …

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Power Up: OPEC+ Rolls Out the Barrels

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are down more than 1% today after the Organization of the Petroleum Exporting Countries and allies decided to speed up oil output hikes. This comes after Brent shed more than 8% last week, and U.S. West Texas Intermediate (WTI) fell by 7.5% over the …

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Sunoco LP to Acquire Parkland Corporation in Transaction Valued at $9.1 Billion

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Mergers and Acquisitions, Oil, Press Releases, Refineries / By

DALLAS, May 5, 2025 /CNW/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and Parkland Corporation (TSX: PKI) (“Parkland”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. As part of the …

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Goldman Sachs Lowers Oil Price Forecast After OPEC+ Decision to Boost Output

Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down …

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US-Ukraine Deal is Heavy on Symbolism, Light on Minerals

Energy Topics & Technology, Latest, Minerals, US News / By

(Reuters) – U.S President Donald Trump’s minerals deal with Ukraine is a big symbolic win for both sides. Ukraine gets a long-term commitment for U.S. investment in “a free, sovereign, and secure Ukraine”. The United States gets a stake in Ukraine’s future resource potential. And Trump gets to prove that he is, to quote White …

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EU Power Grid Needs Trillion-Dollar Upgrade to Avert Spain-Style Blackouts

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

Summary • EU wind and solar growth outpace network upgrades • EU grid infrastructure is ageing, more links needed • More energy storage needed to maintain grid stability (Reuters) – Europe’s ageing power grid and lack of energy storage capacity will require trillions of dollars in investments to cope with rising green energy output, increasing …

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COMMENTARY: OPEC+’s ‘Healthy’ Crude Oil Market Looks like Catching a Cold: Russell

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, Tri-Pinned / By

If there is one thing that is almost certain in the current global crude oil market, it’s that the stated reasons for the OPEC+ group of exporters increasing supply are not the real reasons.The eight OPEC+ countries that are party to voluntary output cuts met on May 3 and decided to ease their curbs again …

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I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they …

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How Big Are Canada’s Oilsands? Energy Projects Occupy Less Than Three Per Cent of Alberta’s Oil Sands Region, Report Says

CDN and International News, Energy Topics & Technology, Latest, Oilsands / By

By Will Gibson Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The footprint of energy development continues to occupy less than three per cent of Alberta’s oil sands region, according to a report by the Alberta Biodiversity Monitoring Institute (ABMI). As of 2021, energy projects impacted just 2.6 per cent …

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