Canada’s energy exports to the United States surged in the latter part of 2024, helping the country record its biggest surplus with its main trading partner since 2022.
China has been importing Iranian oil indirectly via proxies. According to StanChart, crude oil imports from Malaysia clocked in at 1.456 million barrels per day (mb/d) in June, the second-highest monthly average on record.
TotalEnergies passed on the opportunity to sign up for long-term liquefied natural gas from U.S. Venture Global because it did not trust the company, the French supermajor’s chief executive told Reuters.
American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement on the Senate’s confirmation of former Congressman Lee Zeldin to lead the U.S. Environmental Protection Agency.
Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention remained on tariffs threatened by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude to the United States.
Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab said on Wednesday that its estimated proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) last year from 10.9 billion in 2023.
According to commodity experts, the link between lower oil prices and foreign policy objectives is not a new one: historians have drawn a link between the 1985-86 oil price crash and the fall of the Berlin Wall in November 1989, as well as the dissolution of the Soviet Union in December 1991.
Venezuela has the largest proven oil reserves on Earth, but its energy prowess is as much about quality as quantity. Refineries on the US Gulf Coast process Venezuelan crude by the hundreds of thousands of barrels per day. Volumes hit a six-year high in December, according to Kpler, reaching approximately 300 kbd – a 150 kbd year-on-year increase.
Crude oil inventories in the United States saw a large build of 3.5 million barrels during the week ending January 24, according to the U.S. Energy Information Administration.
The Stena Drillmax will be deployed to Suriname in Q2 of this year under a 1x well programme. The contract includes the possibility of extension to an additional three wells in Suriname.