International
International , Infrastructure , Pipelines
Canadian Lawmakers Call for Action from US, Canadian Leaders in Enbridge Pipeline Dispute
Michigan Gov. Whitmer has ordered Enbridge to shut Line 5 over leakage concerns.
Legislation , International
Mexico’s Lower House Approves Contentious Oil Legislation
The initiative is part of President Andres Manuel Lopez Obrador’s efforts to strengthen state influence over the energy market at the expense of private capital.
Crude Oil , Trade , International
Oil Prices Hit One-month High as IEA, OPEC Raise Forecasts
Supply discipline and rebounding economies are set to give oil a chance to break out of the recent range, Goldman Sachs analysts said in a report.
Crude Oil , Trade , International
OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes
The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.
International
Lebanon PM Approves Expansion of Area Claimed in Maritime Dispute with Israel
The amendment would add about 1,400 square km to the exclusive economic zone claimed by Lebanon in its original submission to the United Nations.
Business , Exploration & Production , International
Total Says Abandoning Myanmar Gas Field Would Hurt Workers, Cities
Total was concerned staff there could be exposed to forced labor under the junta if it did decide to stop production in protest at violence in Myanmar, CEO Patrick Pouyanne said, and the group also did not want to cut off a major source of energy.
Investment , Exploration & Production , International
US Voices Concerns to Mexico about ‘Deteriorating Climate’ for Energy Investors
USTR said that throughout last year U.S. energy companies in Mexico have complained of permitting delays, discriminatory enforcement of regulations, and lack of notice regarding regulatory and policy changes.
Crude Oil , Trade , International
OPEC+ to Gradually Ease Oil Output Cuts from May
A few days before the April 1 meeting, OPEC+ delegates had said the group would likely keep most existing oil output cuts in place. But in the 24 hours before the meeting started, sources said discussions had shifted to a possible output increase.
Crude Oil , Trade , International
US Energy Secretary Jennifer Granholm Calls Saudi Energy Minister Ahead of OPEC Meeting
The call by U.S. Energy Secretary Jennifer Granholm was the first call to Saudi Arabia from a U.S. official ahead of an OPEC meeting since U.S. President Joe Biden took office.
Crude Oil , Trade , International
OPEC+ Lowers Oil Demand Growth Forecast Ahead of Meeting
The Joint Technical Committee of OPEC+, which advises the group of oil-producing nations that includes Saudi Arabia and Russia, met on March 30 ahead of a ministerial meeting on April 1 to decide output policy.