Downstream

This post was originally published on this sitePresident Biden cancelled major pipeline from Canada on his first day in office President Biden has announced a ban on the import of all Russian oil and gas energy products, but instead of looking to America’s largest trading partner, Canada, to increase oil exports, the White House is reportedly turning to regimes like […]

This post was originally published on this siteRussian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia’s invasion of Ukraine and voluntary actions by buyers starting to bite. JP Morgan estimated around 70% of Russian seaborne oil was

This post was originally published on this siteMar 11, 2022 (Bloomberg) U.S. Senator Joe Manchin said the Biden administration should consider using the Defense Production Act if necessary to push through the completion of a stalled natural gas pipeline. “I think it’s that serious,” he said Friday at CERAWeek by S&P Global, an energy conference in

This post was originally published on this siteCARACAS, March 11 (Reuters) – Venezuela’s oil output could rise by at least 400,000 barrels per day (bpd) if the United States authorizes requests by state-run PDVSA’s partners to trade Venezuelan crude, the country’s petroleum chamber said on Friday. The increase would allow the OPEC member’s oil production,

This post was originally published on this siteWASHINGTON — The Canadian federal government is urging the state of Michigan to abandon efforts to shut down the controversial Line 5 cross-border pipeline. Canada’s Natural Resources Minister Jonathan Wilkinson says the ban on energy imports from Russia means Canada and the U.S. need all the shipping capacity

This post was originally published on this siteMarch 11 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since 2008. The oil and gas rig count, an early indicator of future output, rose

This post was originally published on this siteCanada’s federal government is urging the state of Michigan to abandon efforts to shut down the controversial Line 5 cross-border pipeline. Canada’s Natural Resources Minister Jonathan Wilkinson says the ban on energy imports from Russia means Canada and the U.S. need all the shipping capacity they can muster.

This post was originally published on this siteU.S. natural gas futures rose about 2% on Friday as cold weather was set to cut output to its lowest in a month and as near-record liquefied natural gas (LNG) exports caused utilities to pull so much gas out of storage that stockpiles were now 16% below normal

This post was originally published on this site Construction of the Danish part of Baltic Pipe, which will connect Poland to Norwegian gas fields, is resuming following a nine-month hiatus

This post was originally published on this siteSummary Companies Spare production all around as energy squeeze tightens We need help’ from OPEC, -shale statesman Sheffield March 10 (Reuters) – U.S. shale producers and OPEC, who not long ago were waging a price war, this week found themselves on similar sides as oil prices have surged