Friday, 6 June 2025

Focus on OPEC+

FILE PHOTO: Saudi Arabian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Saudi Arabian economic growth to accelerate in 2025 as oil taps open

Economic growth in Saudi Arabia will accelerate next year thanks to higher oil output after two years of modest performance.

News ReleaseNews

Baker Hughes Company Announces Third-Quarter 2024 Results

 Third-quarter highlights Orders of $6.7 billion, including $2.9 billion of IET orders.RPO of $33.4 billion, including record IET RPO of $30.2 billion.Revenue of...

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised — but questions still linger about who will pay for the project's massive cost overruns. In this photograph taken with a drone, the Trans Mountain Burnaby Terminal tank farm is seen in Burnaby, B.C., on Thursday, April 4, 2024. THE CANADIAN PRESS/Darryl Dyck
BusinessInfrastructureNewsOilPoliticsTrade

Six months on, what has the Trans Mountain pipeline project achieved and what’s next?

The Trans Mountain pipeline carries Alberta's crude oil to the B.C. coast — but questions remain about who will cover its cost overruns.

News ReleaseNews

Targa Resources Corp. Releases Sustainability Report

HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for...

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

OPEC cuts 2024, 2025 global oil demand growth view again

OPEC on Monday cut its 2024 global oil demand growth forecast for the third time this year, citing recent data trends.

News Release

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2024 Earnings Webcast

HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares...

News Release

Parex Resources Announces Production Update and Timing of Q3 2024 Results

CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well...

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOilPolitics

OPEC+ unlikely to change output policy at Oct. 2 panel meeting

Oil prices have fallen in 2024, pressured by concern about global demand and rising supply outside OPEC+.

News Release

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company...

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
EconomyElectric Vehicles (EVs)NewsOilPolitics

OPEC rolls out global oil outlook to 2050, sees no peak demand

OPEC is citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.

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