Oil

Auto Added by WPeMatico

Canada Floated Keystone XL Revival in Tariff Discussion With Trump, Source Says

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

(Reuters) – Canadian Prime Minister Mark Carney raised the prospect of reviving the Keystone XL oil pipeline from Alberta to the United States during his Tuesday meeting with U.S. President Donald Trump, according to a source familiar with the discussions and a CBC News report on Wednesday. Carney, who is under increasing pressure in Canada …

Canada Floated Keystone XL Revival in Tariff Discussion With Trump, Source Says Read More »

US Crude Stockpiles Rise, Fuel Inventories Fall, EIA Says

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

(Reuters) – U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.7 million barrels to 420.3 million barrels in the week ended October 3, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel rise. …

US Crude Stockpiles Rise, Fuel Inventories Fall, EIA Says Read More »

Iraq Signs Deal With Exxon to Help Develop Large Oilfield

Conventional Energy, Latest, Oil, US News / By

By Aref Mohammed And Ahmed Rasheed Iraq and Exxon sign non-binding deal Includes development, export upgrades, profit-sharing, sources say SOMO to secure Asian storage capacity with Exxon BAGHDAD, Oct 8 (Reuters) – Exxon Mobil (XOM.N) signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government …

Iraq Signs Deal With Exxon to Help Develop Large Oilfield Read More »

Rising Tungsten Prices Worsen Oil Drillers’ Inflation Worries

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

U.S. shale drillers are facing higher prices for tungsten, a rare, ultra-hard metal used for industrial tools like drillbits, as Chinese export controls have squeezed supply, threatening U.S. President Donald Trump’s ambitions to boost America’s fossil fuel production. Tungsten makes up as much as 75% of the drillbits deployed in oilfields. The metal’s price has …

Rising Tungsten Prices Worsen Oil Drillers’ Inflation Worries Read More »

EU’s Plan to Phase out Russian Energy Clears First Political Hurdle

CDN and International News, Latest, Natural Gas, Oil / By

Summary EU considering phase-out of Russian oil and gas by January 2028 Ambassadors agree to forward proposal to ministers – diplomats Ministers’ meeting planned for October 20 (Reuters) – European Union countries’ ambassadors on Wednesday agreed to move ahead with the bloc’s plan to end Russian oil and gas imports by 2028, EU diplomats said, …

EU’s Plan to Phase out Russian Energy Clears First Political Hurdle Read More »

“BEST AND FINAL” OFFER – Cenovus Energy Raises Takeover Offer for MEG Energy to US$6.2 Billion

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

  Oct 8 (Reuters) – Cenovus Energy  on Wednesday sweetened its offer to acquire MEG Energy raising the value of its proposed deal to C$8.6 billion ($6.16 billion), including debt, in an attempt to match a rival bid from Strathcona Resources. Cenovus raised its bid by C$2.35 to about C$29.80 per share, and said this …

“BEST AND FINAL” OFFER – Cenovus Energy Raises Takeover Offer for MEG Energy to US$6.2 Billion Read More »

China Accelerates Oil Reserve Site Build Amid Stockpiling Drive

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia’s Ukraine invasion upended global energy flows and has accelerated this year, according to public data, traders and industry experts. State oil companies including Sinopec and CNOOC will add …

China Accelerates Oil Reserve Site Build Amid Stockpiling Drive Read More »

Chevron Working to Restart Units at El Segundo Refinery After Fire

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

(Reuters) – Chevron  said on Tuesday it was working to restart some of the processing units that were shut down due to a fire at its El Segundo refinery last week. “The refinery continues to operate and create transportation fuels, although at diminished rates,” the company said. Last week, Chevron’s El Segundo refinery took multiple units offline after …

Chevron Working to Restart Units at El Segundo Refinery After Fire Read More »

As Oil Glut Fears Mount, OPEC+ Restrains Output Rises for Now

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

Summary OPEC+ opted for modest hike due to glut concerns, sources say OPEC and non-OPEC supply rising Supply to far exceed demand in 2026 -Reuters poll (Reuters) – OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC …

As Oil Glut Fears Mount, OPEC+ Restrains Output Rises for Now Read More »

Subscribe
Subscribe