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Enbridge Beats Q1 Profit Estimates on Mainline and Gas Distribution Growth

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Natural Gas, Oil, Pipelines, US News / By

(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not expected to materially impact its current operations. Canada is the leading supplier of imported oil to the United States, delivering about 4 million barrels per …

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Oil Set for Weekly Gain Ahead of US-China Trade Talks

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary • All eyes on May 10 US-China talks in Switzerland • OPEC April oil output edged lower, Reuters survey finds • China’s April exports exceed expectations (Reuters) – Oil prices rose more than 1% on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the United States showed …

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Texas Oil Drilling Applications Hit 4-Year Low as Producers Weigh OPEC+ Hike, Trade War

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil and gas drilling permit applications in Texas, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude prices. Operators in Texas submitted 570 new drilling permit applications in April, down …

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