Summary OPEC+ meets on Thursday to set policy US crude inventories expected to have fallen last week -poll Output from largest Kazakh oilfields down 56% Coming up: API supply report at 2130 GMT LONDON, Nov 28 (Reuters) – Oil prices rose on Tuesday as the possibility that OPEC+ will extend or deepen supply cuts was …
Stroll through the West Hackberry oil facility on the US Gulf Coast and there’s not much to see: some pipelines and other industrial equipment. But buried deep beneath the surface are storage caverns so massive they’re tall enough to house the Empire State Building with plenty of room to spare. These reserve sites are supposed to …
Massive U.S. Oil Caverns Sit Empty and Will Take Years to Refill Read More »
Alberta Premier Danielle Smith invoked a measure to defy federal regulations that aim for a net zero electrical grid by 2035, setting up a confrontation between the Canadian province and Prime Minister Justin Trudeau’s government. The resolution proposed under the Alberta Sovereignty Within a United Canada Act orders provincial government agencies to not enforce or aid in …
Alberta to Defy Canada Power Rules in Face-Off With Prime Minister Trudeau Read More »
CALGARY — The oilsands industry group that has proposed building what would be one of the world’s largest carbon capture and storage projects says it is more confident than ever it will go ahead with construction. The Pathways Alliance is a consortium of Canada’s largest oilsands companies, which have banded together to propose a $16.5-billion …
DETROIT (AP) — Entering contract talks with Detroit’s three automakers, Shawn Fain set lofty expectations for what he could gain for his union members — and delivered on many of them. He secured significant pay raises, improved benefits, the right to strike over plant closures and a raft of other concessions. But to the United …
(Reuters) – China’s imports of thermal coal in November are poised to surge to the second-highest monthly total this year, helping drive prices higher for the grades most commonly sought by the world’s biggest buyer of the power station fuel. Thermal coal imports are expected to be around 29.21 million metric tons in November, up …
China’s Thermal Coal Imports Jump, Crowding Out India Read More »
(Bloomberg) (Bloomberg) COP28 president Sultan Al Jaber was willing to raise oil and gas commercial interests during climate meetings with foreign governments ahead of the UN summit starting in Dubai later this week, according to a cache of internal records leaked by a whistleblower and published by the British Broadcasting Corp. in collaboration with the Centre for Climate Reporting. …
COP28 President Lobbied on Fossil Fuel at Climate Meetings Read More »
Summary Hamas hostage release, truce reduces geopolitical risk premium Oil notches weekly gain for first time in five weeks Trading subdued after Thursday’s U.S. Thanksgiving holiday Nov 24 (Reuters) – Oil fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium, but prices notched their first week of gains …
Oil Settles Lower but Notches Weekly Gain Ahead of OPEC+ Decision Read More »
(Bloomberg) World leaders are due to gather for annual climate change talks in Dubai in December. On the agenda: the phase down — or even phase out — of fossil fuels, a global goal to help the world adapt to extreme weather events, trading carbon emissions and a new fund to pay for the loss and damage wreaked by global warming. When is COP28? It starts on Thursday …
COP 28 EXAMINED: What Is COP28 and Why Is It Important? Read More »
(Reuters) – The White House is stalling action on requests by Farm Belt states to allow regional sales of gasoline blended with higher volumes of ethanol after oil industry warnings that the move could cause regional supply disruptions and price spikes, according to two sources familiar with the matter. The decision underscores concerns within President …
White House Stalls Ethanol Expansion in Midwest Amid Price Concerns Read More »
