Downstream

US Natgas Prices Jump 6% to 1-Week High on Increase in Flows to LNG Export Plants

This post was originally published on this siteU.S. natural gas futures jumped about 6% to a one-week high on Friday as the amount of gas flowing to liquefied natural gas (LNG) export plants started to edge up as more plants exit spring maintenance reductions. On their first day as the front-month, gas futures for August […]

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Oil Steadies After Report of Planned OPEC+ August Output Hike 

This post was originally published on this siteSummary Sources say OPEC+ planning 411,000 bpd output boost in August Brent, WTI down 12% this week, most since March 2023 No major supply disruption from Middle East crisis, analysts say (Reuters) – Oil prices edged up slightly on Friday, recovering from a midday drop into negative territory

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California Should Support Fuel Imports, Find Ways to Retain Refiners, Regulator Says

This post was originally published on this siteNEW YORK, June 27 (Reuters) – California’s energy regulator on Friday issued recommendations to Governor Gavin Newsom to support timely fuel imports and explore ways to retain operations at existing refineries in the state. Newsom had earlier this year asked the California Energy Commission to recommend changes to

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US Oil and Gas Rig Count Falls for Fourth Month to Oct 2021 Low, Baker Hughes Says

This post was originally published on this site(Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an

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Why it’s Time to Repeal the Oil Tanker Ban on B.C.’s North Coast

This post was originally published on this siteMoratorium does little to improve marine safety while sending the wrong message to energy investors By Will Gibson Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Port of Prince Rupert on the north coast of British Columbia. Photo courtesy Prince

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Visual Capitalist: Visualizing the Countries With the Largest Proven Oil Reserves

This post was originally published on this siteBy Dorothy Neufeld | Graphics/Design by Sabrina Lam Visualizing the Countries With the Largest Proven Oil Reserves This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways With 303 billion barrels in proven

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Trump Ends Trade Talks With Canada, Threatens to Set Tariff

This post was originally published on this site  President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate within the next week. “Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with

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OPEC+ Set to Make Another Accelerated Oil Output Hike for August, Sources Say

This post was originally published on this site(Reuters) – The world’s largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day in production for August as it looks to regain market share, four delegates from the group told Reuters. If the increase is agreed, it would bring

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