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Oil price shock may be short lived, Canada energy chiefs say

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | April 10, 2025 | Comment off

The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto.
Leaders of oil and gas producers as well as pipeline companies characterized the sudden decline — sparked by US President Donald Trump’s global tariffs and OPEC’s surprise decision to revive output more quickly than expected — as more of a shock reaction than a reflection of actual supply-and-demand imbalances.

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LNG Canada Moves Closer to Launch

Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2025 | Comment off

LNG Canada is the country’s first project for the export of superchilled fuel, with a focus on Asian markets as the biggest demand driver. Eventually, however, Canada could potentially supply 36.2 million tons of LNG per year by 2040, according to estimates by Wood Mackenzie. That’s despite statements by the previous Canadian government that there was no business case for liquefied natural gas in the country. The statements were made in response to a request by the former German chancellor, Olaf Scholz, for potential LNG supply deals with Canada.

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Canada Plots Energy Escape Route from Trump’s America

Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2025 | Comment off

The Liberals, who were trailing Conservatives for years under former PM Trudeau, are now ahead in the opinion polls and widening the lead over Conservatives as the new Liberal leader Carney is seen as more capable than Poilievre of standing up to President Trump’s threats. If the six-point lead of the Liberals holds until Election Day, Carney could be able to form Canada’s first majority government in a decade

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