Price moves tend to accelerate in the run-up to cyclical peaks and troughs, as the oil market struggles to overcome a worsening deficit or surplus. Total photo. In 2007, concerns about the oil market were [Read more]
Hedge funds made only minor adjustments to their overall position in petroleum futures and options in the latest week but continued their rotation out of West Texas Intermediate into Brent. Total photo. Hedge funds shift [Read more]
The Oil and Gas Climate Initiative, or OGCI, pledged on Monday to cut GHG emissions by one-fifth by 2025, or about 350,000 tonnes of methane annually. Total photo. GHG emissions reductions to fight climate change [Read more]
Oil prices jumped on Monday one day after OPEC and its allies announced it will not boost production beyond its agreed upon output amounts in the 2017 OPEC supply cut agreement. Reuters photo by Ramzi Boudina. [Read more]
OPEC along with other participants in the cartel’s supply cut agreement have denied US President Donald Trump’s demand to boost crude production. Xinhua News photo. OPEC decision boosts oil prices Monday OPEC and its allies [Read more]
BP, Equinor, Shell and Total say they recognize the importance of working with suppliers that respect human rights, in line with the UN Guiding Principles on Business and Human Rights. Total photo. Companies to create framework [Read more]
Battery Electric Vehicle total cost of ownership not competitive with diesel or natural gas commercial trucks While electrification of the light duty car and truck sector is forecast to expand significantly by 2040, medium and [Read more]
Canada only major US crude oil export destination where exports decreased, down slightly from same period in 2017 The United States continues to expand petroleum exports as oil and gas production grows, with crude oil [Read more]
Respite from pipeline politics could allow Notley to focus on economy, other energy issues Ottawa’s started pistol sounded Friday and the countdown to restarting construction of the Trans Mountain Pipeline Expansion project has begun. If Rachel [Read more]
Canadian truck sales, which includes minivans, SUVs, light and heavy trucks, outpaced car sales last year as drivers across Canada are showing a preference for larger vehicles. Canadian truck sales accounted for 73 per cent [Read more]
Canadian economic growth is expected to grow by 2.0 per cent in 2018, higher than initially forecast, according to the Conference Board of Canada. Seven Generations Energy photo. Canadian economic growth boosted by double digit [Read more]
The Alberta Land Trust Grant Program is supporting projects to protect watersheds and wildlife habitats on private land as well as keep ranchlands in tact. WineGlass Ranch owner Edith Wearmouth, Minister Shannon Phillips, Justin Thompson, executive [Read more]
Chinese oil trading company Unipec is reported to have suspended imports of US crude as the trade war between Washington and Beijing intensifies. AP photo. Unipec on track to buy $700 million in US crude [Read more]
IHS MarkIt study finds oil sands crude oil carbon-intensity will drop between 15% and 20%, but innovation could cause even bigger drop Remember “dirty oil” and “carbon bomb”? According to a new study, those terms [Read more]
Oil prices rose on Friday after reports that OPEC and its allies would increase production by a total of 500,000 barrels per day to avoid global crude shortages due to the Trump administration’s reimposition of [Read more]
The White House is anxious to avoid being blamed by US motorists for any further oil price escalation, especially in the run-up to a tough mid-term election on Nov. 6. Trump trying to control oil [Read more]
General Electric reports that an “oxidation issue” has forced the shut down of four GE power turbines in the United States. The company says it expects the same issue to affect more of the 51 [Read more]
Oil prices fell Thursday, slowing a recent wave of price increases, after a tweet from US President Donald Trump called for OPEC to “get prices down now!”. Oil prices expected to be in $80/barrel range [Read more]
US Refiners have carried on processing at elevated rates well after the end of the normal summer driving season and into September in order to rebuild previously depleted distillate stocks. Phillips 66 photo. US refiners will [Read more]
Since mid-2017, East Coast refiners have been receiving as much crude oil by tanker and barge from the Gulf Coast as they have by rail from the Midwest. Bloomberg photo. Shipments to East Coast refiners [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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