Canada Tilts Right: Inflation Claims Trudeau as Its Latest Victim

CDN and International News, Latest / By

The prime minister’s resignation marks both the end of a political era and the beginning of a potentially dramatic reshaping of the nation’s economy. By Thomas Seal, Erik Hertzberg, Randy Thanthong-Knight, and Brian Platt Justin Trudeau, Canada’s prime minister, departs after announcing his resignation at a news conference in Ottawa.Photographer: David Kawai/Bloomberg As Justin Trudeau’s …

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Exclusive: China’s Shandong Port, Entry Point for Most Sanctioned Oil, Bans US-Designated Vessels

Conventional Energy, Latest, Oil, US News / By

By Chen Aizhu, Siyi Liu and Trixie Sher Li Yap Ships cannot dock, unload or receive shipping services Ban on ports including Qingdao, Rizhao and Yantai May slow imports, push up costs for refiners, traders say SINGAPORE/BEIJING, Jan 7 (Reuters) – Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the …

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U.S. Natural Gas Prices Fall 4% on Forecasts for Less Heating Demand this Week

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

U.S. natural gas futures fell about 4% on Tuesday on forecasts for less heating demand this week than previously expected and lower output reductions from freezing wells so far this winter than in past years. Energy analysts, however, said spot prices have already soared to their highest levels since last January and noted that futures …

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Oil Services Provider Flowco Seeks up to $2 Bln Valuation in U.S. IPO

Energy Topics & Technology, Latest, OFS-Oilfield Services / By

Oilfield services provider Flowco Holdings on Tuesday said it is seeking a valuation of up to $2 billion in its initial public offering in the United States, aiming to leverage last year’s capital market rebound. The company said it would sell 17.8 million shares at a price range of $21 to $23 per share, potentially …

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Europe’s LNG Imports Surge, But Not at Asia’s Expense

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

(Reuters) – Europe’s imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn’t come at the expense of Asia, which also recorded higher arrivals. A total of 10.89 million metric tons of the super-chilled fuel was imported by Europe in December, up 23% from 8.86 million in November …

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Global Crude Exports Dip as Trade Routes Re-Shuffle Again

Conventional Energy, Latest, Oil, US News / By

Middle East oil exports to Europe fell 22% in 2024, Kpler data shows US boosts global oil trade share to 9.5% with shale production New refineries and pipelines alter global oil trade dynamics (Reuters) – The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, …

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Trump Weighing Executive Order Protecting Gas Stoves

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

Summary • Gas appliances linked to health issues, climate change • Republican states counter local gas restrictions with laws (Reuters) – President-Elect Donald Trump is weighing an executive order that seeks to protect gas-powered appliances including stoves and heaters from federal and local regulators who want to phase them out of homes and businesses, two …

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Phillips 66 to Buy EPIC NGL for $2.2 Bln in Bid to Boost Permian Presence

Energy Topics & Technology, Latest, Pipelines, Tri-Pinned / By

 U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its Permian presence. The U.S. shale industry has witnessed a record-breaking wave of dealmaking in the recent past, as energy companies have rushed …

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Oil Prices Rise as Concerns Grow Over Supply Disruptions

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

Summary • Brent and WTI climb • China’s Shandong Port blacklists U.S.-sanctioned oil vessels, traders say • Middle East market strength provides support • Economic data undermine demand hopes Jan 7 (Reuters) – Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent …

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