Majors agree to advocate sound regulations on GHG emissions BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The global energy companies say they will also encourage others across the natural gas value chain – from production to […]
Eight energy majors pledge to reduce natural gas GHG emissions Read More »
Keystone pipeline leaked 5,000 barrels of oil in South Dakota South Dakota’s environmental regulator said the clean up of oil spill on the TransCanada Keystone pipeline in South Dakota could take several weeks, according to a Reuters report. Late last week, the pipeline that carries about 590,000 barrels per day of Alberta crude to US
Keystone clean up to take weeks, unsure restart date Read More »
Nebraska Public Service Commission approved Keystone XL Alberta Premier Rachel Notley said TransCanada Corp is “cautiously optimistic” about prospects for construction of the Keystone XL pipeline after Nebraska state officials gave the project the green light earlier this week. The Nebraska Public Service Commission approved the $8 billion project, however, it granted permission to build
Notley says TransCanada ‘cautiously optimistic’ after Keystone XL decision Read More »
US oil prices reach near two-year high early in session Oil prices rose on Wednesday after report from the US Energy Information Administration showed US crude stockpiles had fallen, even though the data showed a drop smaller than the American Petroleum Institute reported on Tuesday. By 10:19 a.m. EST, Brent crude prices were up 36
Oil prices rise on US crude stock drop, Keystone pipeline interruption Read More »
Keystone XL approved by Nebraska on Monday One day after the Nebraska Public Service Commission okayed an alternative route for the Keystone XL pipeline, some TransCanada investors are encouraging the company to follow through with the $8 billion project. The commission denied TransCanada’s preferred route, forcing the Calgary-based company to build the pipeline to the
TransCanada shareholders shake off Keystone XL concerns, look to push forward Read More »
Traffic volumes growth less than 1 per cent, down from 4-5 per cent in 2016 By John Kemp LONDON, Nov 21 – Traffic volumes on US highways are at record levels but the rate of growth is slowing as the earlier impetus from lower gasoline prices fades and motoring costs rise. US motorists drove a
Column: US traffic volumes growth slows as oil prices rise Read More »
Oil prices rise slightly Oil prices rose slightly on burbling Middle East tensions, economic deterioration in Venezuela and a possible extension of the OPEC supply cut, but were held in check by rising US output. By the end of the session, Brent crude had risen by 35 cents to $62.57/barrel and US WTI was up
Oil prices up on OPEC meeting, but pressured by US output Read More »
Uber deal marks shift from app to operator of a fleet of cars On Monday, Uber and Volvo announced a deal between the two companies that will see the ride-hailing service company shift to become the operator of a fleet of cars. According to Reuters, Uber plans to buy up to thousands of self-driving cars
Uber agrees to buy up to 24,000 autonomous Volvo cars Read More »
Rising US dollar also impacts oil prices Oil prices dipped on Monday on traders’ and analysts’ concerns over the possible extension of the OPEC supply cut as well as a rising US dollar. By 2:06 p.m. EST, Brent crude prices had fallen 74 cents to $61.98/barrel and US WTI was down 60 cents to $56.171/barrel.
Oil prices ease as traders, analysts on edge prior to OPEC meeting Read More »
Brent oil prices up almost $20/barrel since June By John Kemp LONDON, Nov 20 – Hedge funds increased their bullish position in petroleum futures and options to a new record last week, but the first signs of caution started to emerge. Fund managers raised the number of long positions in the five major futures and
Column: Oil prices stall as record bullish position makes funds wary Read More »
