Oil Prices Hover Near Four-Year Highs As Saudi, Russia Agree To Supply Rise
Russia and Saudi Arabia struck a private deal in September to raise oil output, Reuters reported on Oct. 3, before consulting with other producers including the rest of OPEC.
LNG Canada FID Raises Hopes For Country’s Beleaguered Energy Sector
Two-train facility and $6.2 billion pipeline represent the single largest private sector investment project in Canadian history.
Massive Canada LNG Project Gets Green Light
First gas from the LNG Canada project is expected before 2025, aiming to feed an expected surge in demand for the cleaner, super-chilled fuel from hungry Asian buyers, mainly China.
Oil Prices Rise To 2014 Highs On NAFTA Deal, Iran Sanctions
The NAFTA deal would boost oil prices because it "increases the growth prospects not only for Canada and the U.S. but for North America as a whole," says Price Futures Group analyst Phil Flynn.
Morningstar Research: The Condensate Export Window Is Open
The tightening Asian market and expected sanctions against Iran dovetail with an abundance of U.S. supply.
Kinder Morgan Hires Firm To Sell Remaining Canadian Business, Sources Say
Should the move succeed, it would mark the exit of Kinder Morgan from Canada, having closed its sale of the Trans Mountain pipeline at the end of last month.
Crude Outlook: Whipsawed By Wild Cards?
Wide swings in crude price might seem alarming, but Citigroup’s Ed Morse said it’s “the nature of the world we’re living in.”
Perry Encourages OPEC, Russia To Work Against Oil Price Spike
The U.S., Russia and Saudi Arabia are also working together to make sure the world has access to affordable energy, added U.S. Energy Secretary Rick Perry.
OPEC Sees Slower 2019 Oil Demand Growth
OPEC members are still cutting more than promised with compliance from the original supply-cutting deal increasing to 133%, according to a Reuters calculation.
Oilfield Services At A Crossroads
The new business reality of the oil and gas industry requires a constellation of collaborators, says EY analyst.