Trans Mountain Oil Pipeline Wins Legal Battle
PM Justin Trudeau’s bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada’s top court rejected an appeal brought by British Columbia aimed at challenging Continue Reading
US Adds 15 Oil, Gas Rigs
The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig, according to weekly data from Baker Hughes Co. Continue Reading
NY Governor Cuomo announces “Make-Ready” program for EV charging stations; >20K EV rebates approved
New York Governor Andrew M. Cuomo announced that the New York State Department of Public Service issued a report recommending the establishment of a statewide utility-supported “Make-Ready” Program that would Continue Reading
Norway data: December oil output hits 2.1 million b/d on Johan Sverdrup boost
Norway’s oil production surged by nearly 100,000 b/d in December, to 2.08 million b/d, as the Johan Sverdrup field propelled a significant recovery in the country’s output, data from the Continue Reading
Putin’s Powerplay Could Jeopardize The OPEC Deal
In classic Putin style, the Russian president is now trying to push through reforms that would weaken the future presidency at the expense of the future prime ministerial post in Continue Reading
Huge New Field Sends Norway’s Oil Production To 9-Year-High
The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Continue Reading
Crude oil futures steady on lack of fresh drivers
Crude oil futures were steady in Asian mid-morning trade Friday amid a lack of fresh market drivers, as the Phase 1 signing of the US-China trade deal has been priced Continue Reading
Oil steady as sluggish China growth offsets trade deal optimism
Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered optimism from the signing Continue Reading
Two Reasons Why Oil Prices Rose Today
Oil prices were trading up over 1% on Thursday afternoon, the latest development in the current oil market that can’t decide whether oil prices should be up or down. Today’s Continue Reading
Oil ends higher, as trade deal progress spurs energy demand hopes
Oil rose about 1% on Thursday, as progress on another major trade deal fed optimism that energy demand will grow in 2020. The U.S. Senate approved a revamp of the Continue Reading