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Zelenskiy Says Russia’s Gasoline Supplies May be Down by a Fifth After Ukrainian Attacks

CDN and International News, Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Natural Gas, Oil / By

Summary Ukraine has targeted Russia’s refining capacity Zelensiky says estimates range from 13%-20% loss of supply Russia says it has adequate fuel, officials due to discuss (Reuters) – Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline supplies in Russia by up to a fifth, President Volodymyr Zelenskiy said, as both sides step …

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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 …

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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. …

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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 …

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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 …

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

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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, …

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“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 …

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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 …

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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 …

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