Focus on Oil
Oil drilling sparks Indigenous outcry as spills tarnish Ecuador Amazon
An oil spill in Ecuador’s Yasuni National Park has devastated local ecosystems, prompting Indigenous Waorani leaders to demand a halt to all oil...
US oil, gas M&A nears 2023 record, focus shifts from Permian – Rystad
Oil megamergers and consolidations have cost $100bn so far this year with $46bn of further assets up for sale, according to analysis.
Citi says oil prices could average $60/bbl in 2025 without cuts
If OPEC+ doesn't reduce production further, say analysts, oil prices could drop to $60 a barrel in 2025.
Marathon’s Detroit refinery workers to strike from Wednesday
Half of refinery workforce to strike in Detroit over pay and schedules, but Marathon says action won't impact operations.
Norway seeks to end climate injunction against three oilfields
Norwegian government hopes appeals court will lift injunction on developing fossil fuel projects after ruling was temporarily put on hold.
US gasoline slumps to near 3-year low on end of driving season, oil slump
U.S. gasoline futures dropped nearly 6% to a 2021 low, driven by the end of driving season and a broader oil market sell-off.
AI likely to weigh on oil prices over the next decade: Goldman Sachs
Goldman Sachs warns AI could lower oil prices by reducing costs and boosting supply, outweighing modest demand increases.
TotalEnergies deepens ties with India’s Adani Green in $444M joint venture
The electricity will be sold on the wholesale market and through power purchase agreements signed with the federal government agency, Solar Energy Corporation...
Analysis: Trans Mountain pipeline expansion pushes rivals to cut rates
Transporting Canadian crude into the US will be cheaper – for now – as TMX rivals cut tariffs and rule out rationing pipeline...
