Deep Freeze Disrupts Crude Flows in Oil Sands and Bakken Shale

This post was originally published on this siteJan 5, 2022 (Bloomberg)A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining. With temperatures from North Dakota to Northern Alberta below zero Fahrenheit (-18 Celcius), TC Energy Corp.’s Keystone pipeline was shut late Tuesday, […]

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White House Welcomes OPEC+ Decision to Stick to Planned Output Increase

This post was originally published on this siteThe White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted “close” coordination with Saudi Arabia and the United Arab Emirates. Earlier on Tuesday, a group of producers comprising the Organization of the Petroleum Exporting Countries

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