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Oil Prices Little Changed as Russia, Mideast Concerns Offset by Oversupply Worry

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

Summary Estonia accuses Russia of violating its air space Four Western nations recognise Palestinian state Iraq increases oil exports after OPEC+ relaxes quota (Reuters) – Oil prices were little changed on Monday as concerns over Russia and the Middle East were countered by oversupply jitters. Brent crude oil futures , which have traded between around …

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Iraq Increases Oil Exports, Sees Extra Revenues, State Oil Marketer Says

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

Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the country’s state oil marketer SOMO said on Sunday. Earlier this month, eight members of OPEC+ agreed to raise production from October by 137,000 barrels per day. OPEC+ has been increasing production since April after years of cuts …

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US Files Court Statement to Support Enbridge in Michigan Pipeline Case

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

The Trump administration has sided with Canadian pipeline operator Enbridge in its legal battle against Michigan, filing a court statement last week that challenges the state’s efforts to shut down the Line 5 oil pipeline. Enbridge has been locked in a long-running dispute with Michigan over the aging Line 5 pipeline, which ships 540,000 barrels …

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Five Takeaways From the BNEF Barrel of Tomorrow Summit – Houston

Carbon Capture, Conventional Energy, Energy Topics & Technology, Hydrogen, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

Takeaways by Bloomberg AI Companies are looking outside of the US for opportunities due to Trump rolling back clean-tech incentives, with the green hydrogen industry and carbon capture and storage being affected. Regulation is needed to scale green tech, with executives saying that policy support, including mandates, is necessary to lower technology costs and guarantee …

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US Lawmakers Want Sanctions to Sink Russia’s ‘Shadow Fleet’

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

(Reuters) – A group of Republican and Democratic U.S. senators introduced legislation on Friday that would expand sanctions against Russian energy, specifically by targeting a collection of older oil tankers the lawmakers say are used to dodge existing U.S. energy sanctions. The “Sanctioning Harbors and Dodgers of Western Sanctions,” or SHADOW Fleets Act comes as President Donald Trump has …

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ENDING THE WEEK – Oil Prices Slip as Robust Supply Outweighs Fed Cut

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

Summary Large oil supplies, declining demand push prices lower Refinery turnaround season will also cut demand for crude Benchmarks gain for a second straight week (Reuters) – Oil prices dropped on Friday as worries about large supplies and declining demand outweighed expectations that the year’s first interest-rate cut by the U.S. Federal Reserve would trigger …

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Citi Sees Brent Crude at $60 by Year-End as OPEC+ Ramps up Production

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

Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China’s stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million …

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Exxon Says Energy Demand Makes Case for Fossil Fuel Growth

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

By Kevin Crowley An Exxon Mobil Corp. oil drilling rig near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Exxon Mobil Corp. will pursue fossil fuel growth long into the future to meet demand it says will “not materially change” between now and 2050. The Texas oil major is not concerned with “chasing the narrative of the week” …

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Ukrainian Drones Target Russian Petrochemical Complex and Oil Refinery

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

Drones hit major oil sites in Bashkortostan and Volgograd Salavat complex working as usual – TASS Some Russia’s regions face fuel shortages KYIV/MOSCOW, Sept 18 (Reuters) – Ukraine said on Thursday that its drones had struck a major oil processing and petrochemical complex and an oil refinery in Russia, part of an intensifying campaign to …

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