The Latest

Asia-Pacific Region Seen as Key in Global Decarbonization Push

As of 2020, 11 major Asia Pacific (APAC) countries were responsible for 52% of global CO2 emissions, and they’re expected to continue increasing through 2030, according to Goldman Sachs.

December 2, 2022

US Oil Refiner Valero, Rivals Pursue Chevron for Venezuelan Crude

Chevron was authorized on Nov. 26 to expand its Venezuelan operations and resume shipping heavy crude to the U.S.

December 2, 2022

Oil Prices Could Fall Without Further OPEC+ Cut, Analysts Say

OPEC+ to meet virtually Dec. 4, a possible sign they mean to stick with current oil production target

December 2, 2022

US LNG Exports Remain Flat as Domestic Market Braces for Cold Season

U.S. natural gas producers shipped 88 total cargoes in November with 6.31 million tonnes of LNG, only slightly up from 6.28 million tonnes in October.

December 2, 2022

EU Tentatively Agrees to $60 Price Cap on Russian Seaborne Oil

EU countries have wrangled for days over the details of the price cap, which aims to slash Russia’s income from selling oil, while preventing a spike in global oil prices after an EU embargo on Russian crude takes effect on Dec. 5.

December 2, 2022

Shale Pioneer Harold Hamm Attacks US-Venezuela Oil Deal as ‘Desperation’

Founder of U.S. shale producer Continental Resources Harold Hamm says the Biden administration wants to put American industry “out of business.”

December 2, 2022

INEOS to Tap 1.4 mtpa from Port Arthur LNG over 20 Years

Global manufacturing company INEOS inked a 20-year contract to source 1.4 mtpa of LNG from Phase 1 of Sempra Infrastructure’s Port Arthur LNG facility under development in Texas and an HOA for an additional 0.2 mtpa from Phase 2.

December 1, 2022

Canada's TC Energy Gets Approval to Expand NGTL Gas Pipeline System

TC Energy announced a C$12 billion expansion program in 2019, which includes Alberta's NOVA Gas Transmission Ltd. pipeline system.

December 1, 2022

OPEC Oil Output Drops in November After Cut Pledged: Survey

OPEC pumped 710,000 bbl/d of oil less in November than October due to an output cut aimed at fighting recession concerns.

December 1, 2022

US Urges Caution on Low-quoted Russian Oil Prices as EU Debates Price Cap

The EU is currently debating a $65/bbl-$70/bbl price cap on Russian oil.

December 1, 2022