An extended surge in oil prices is unlikely as the world rebounds from the pandemic given ample supply but changes are seen in demand and gasoline may have peaked, the IEA said on March 17.
Enbridge wants Ottawa to back is court filings against efforts by the State of Michigan to shut down the oil pipeline.
Total says it is ‘worried’ about the situation following the coup.
Australian gas producer Santos Ltd. said on March 16 it would let shareholders cast a non-binding advisory vote on its climate change report at its annual general meeting next year.
The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed on Match 15.
Woodside Petroleum Ltd. and its Japanese partners have shipped their first cargo of carbon offset condensate to commodity trader Trafigura from the Pluto LNG plant in Western Australia, the company said on March 15.
Saudi Arabia’s reduction in crude supplies comes as OPEC and its allies, a group known as OPEC+, decided earlier this month to extend most of its supply cuts into April.
Oil flows from Saudi Arabia as monitored by two companies, Petro-Logistics and Kpler, suggest a smaller decline in February despite the kingdom’s promised voluntary production cut.
Senator wants administration to put sanctions on companies supporting the gas pipeline’s construction.