ENB Publishers Note: Saudi Arabia has announced their budgets over the next few years and they will require $125 to $150 oil to hit the projected budget surplus. So they are not really interested in […]
Source: Graph by the U.S. Energy Information Administration, based on data from CME Group, as compiled by Bloomberg L.P. Recently, prices of high-sulfur crude oils have been declining relative to low-sulfur crude oils. Rising crude oil […]
ENB Publishers Note: The hypocrisy of California is sad. “Let’s save the planet” but turn a blind eye to being one of the largest reasons the Amazon rain forest is being destroyed through importing oil […]
OPEC+ is weighing its supply options after the US-led attempt to lower prices by releasing stocks has been complicated by major a sell-off after resurgent COVID-pandemic fears. How it responds will set the tone for oil […]
Source: U.S. Energy Information Administration, Petroleum Supply Monthly and Congressional legislation On Tuesday, November 23, the White House announced plans to make 50 million barrels of crude oil available to the market through a combination of exchanges and accelerating previously […]
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts to push oil-importing countries to […]
Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central […]
Norway’s oil and gas production is at an all-time high, bouncing back solidly from a year of pandemic restrictions and curbs on production. Norwegian firm Equinor is running the show with oil and gas revenues […]
Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today responded to the Canada Energy Regulator’s (CER) November 26, 2021 decision to deny the implementation of contracting for firm service on the Enbridge Canadian Mainline […]
The oil producers’ group OPEC+ will likely take a cautious stance when deciding this coming week whether to go ahead with planned output increases after the emergence of a new coronavirus variant sent crude prices […]
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