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(Reuters) – South Bow on Thursday said it had recovered about 700 barrels of oil from a leak on the Keystone Pipeline earlier this week in North Dakota, which has shut the key conduit for Canadian oil exports to the U.S. since Tuesday. South Bow, owner and operator of the 4,327-km (2,689-mile) pipeline, is still …
South Bow Recovers 700 Barrels after Keystone Oil Release; No Restart Timeline Read More »
(Reuters) – Kazakhstan has been in talks with oil producers about reducing output, which has been above the country’s OPEC+ quota, Interfax news agency reported on Thursday citing the energy ministry. Kazakhstan has been pumping oil above the limit agreed by the Organization of the Petroleum Exporting Countries and its allies led by Russia for …
Kazakhstan in Talks With Oil Producers About Output Cuts, Ifx Reports Read More »
Amid the market carnage and turmoil created by U.S. President Donald Trump’s chaotic global tariff roll out and retreat, there are likely some clear trends that will emerge. One of these is that countries seeking to cut a deal with Trump will try to purchase more U.S. goods in order to lower their trade surpluses …
Want to Cut Your Trade Surplus with Trump? Crude, LNG and Coal Can Help – A Bit: Russell Read More »
*Light US crude requires a different configuration at refineries *Changing refinery setup can be a lengthy and expensive process *Running different crude types impacts refinery yields, margin By Arathy Somasekhar U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources …
US Refiners UNLIKELY to Spend Big to Process More Domestic Oil Read More »
Oh…Happy Liberation Week! I think I finally understand what Liberation Day stood for. The liberation of all of my savings from me. Hooray! I didn’t want it anyway… Now, on to our regularly scheduled programming. Yesterday the API reported that crude oil and refined products both saw a net draw on stock levels, showing a …
US Crude Oil and Refined Product Inventory Update – William Lacey Read More »
(Reuters) – U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.6 million barrels to 442.3 million barrels in the week ended April 4, the EIA said, compared …
US Crude Stockpiles Rise as Exports Hit Jan Lows, EIA Data Shows Read More »
(Reuters) – A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts have said. Brent crude and West Texas Intermediate (WTI) futures slid to their …
US Producers Face Tough Choices on Growth, Capital Returns as Oil Falls Below $60 Read More »
By Georgina Mccartney Oil prices settle down more than $1 a barrel Downside risks remain as US, China escalate tariff conflict Goldman Sachs says Brent, WTI could hit $62 and $58, respectively, by December 2025 Trump says US and Iran will hold nuclear talks in Oman HOUSTON, April 8 (Reuters) – Oil prices settled down …
Oil Settles Down $1 at Four-Year Low as US-China Trade War Escalates Read More »
By Shariq Khan and Georgina Mccartney Canadian crude oil discount to US oil widened after shutdown South Bow stock tumbled to lowest since October Amount of spill is not known yet, pipeline to be shut until at least Wednesday NEW YORK/HOUSTON, April 8 (Reuters) – The Keystone oil pipeline from Canada to the United States …
Keystone Oil Pipeline Shut After Spill in North Dakota Read More »
(Reuters) – The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short …
Canadian Oil and Gas CEOs Avoiding ‘Rash’ Decisions During Price Rout Read More »
