Saturday, 8 February 2025

Focus on Oil

FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
BusinessEconomyFinanceNewsOilPoliticsTrade

Oil prices tick down on worries about Chinese demand

The market is eyeing the slower Chinese economy and whether the US Federal Reserve is set to cut interest rates.

AnalysisEconomyLabourNatural GasOilOpinionPolitics

Opinion: Saskatchewan’s new oil and gas high school courses are out of step with global climate action

Opinion: Instead of training high school students for an industry that the world is transitioning away from, we need education on energy alternatives...

FILE PHOTO: FILE PHOTO: A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024.   REUTERS/Jennifer Gauthier/File Photo
IndigenousInfrastructureNewsOilPolitics

Japan, S. Korea refiners join China in buying Canadian TMX oil

The Trans Mountain pipeline, owned by the Canadian government, was expanded in May.

The Alberta government says it will relax rules that make energy companies seeking to buy viable wells from bankruptcy proceedings pay the failed producer's outstanding taxes. Boilers are shown at an oilsands facility near Fort McMurray, Alta., on Wednesday April 24, 2024. THE CANADIAN PRESS/Amber Bracke
Natural GasNewsOilPolitics

Alberta to relax rule on buying oil, gas wells if municipal taxes unpaid

Rural municipalities have voiced concern over tax arrears.

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren
BusinessFinanceNewsOil

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

The request for additional information from oil producer ConocoPhillips is likely to slow the closing of the deal.

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOilTrade

Oil trades in narrow range on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor...

Total Energies' $10-billion Tilenga project involves drilling more than 400 oil wells in western Uganda, many of them in Murchison Falls Nature Park, a biodiversity reserve and the country's largest national park (AFP)
BiodiversityClimateEnvironmentFuelNewsOil

TotalEnergies Uganda oil project ‘devastating’: conservationist

The $10-billion project involves drilling more than 400 oil wells in western Uganda, many of them in Murchison Falls Nature Park.

FILE PHOTO: An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. REUTERS/Etienne Laurent/File Photo
BiodiversityClimateCourtsEmissionsEnvironmentFuelNewsOilRegulations

US sued over ‘failure to examine harms’ from delayed offshore oil decommissioning

The group says the Interior Department has not examined the harms of unplugged wells and idle platforms to the environment.

FILE PHOTO: The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessClimateCourtsEmissionsFuelNewsOilRegulations

Energy companies win dismissal of Baltimore’s climate change case

The judge dismissed the lawsuit against energy giants over climate change, ruling that global emissions issues exceed state law limits.

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