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 […]
OPEC and its allies are increasingly inclined to ditch their plan to raise output next week, as a new virus variant triggered oil’s worst crash in over a year. The 23-nation alliance led by Saudi […]
Energy News Beat Publishers Note: There may be a dip in demand on the fear of the new variant B.1.1.529. That being said, the Texas Department of Health posted the following on their website. I […]
ENB Publishers Note: The SPR release is a political stunt. The average price for oil in the reserves is an estimated $29 per barrel. Coupled with releasing the sour crude that the refiners don’t want […]
Oil prices erased losses and jumped on Tuesday morning following the SPR release announcement Despite the seemingly big number, 50 million barrels, the U.S. release actually equals around two and a half days of American […]
It is funny how talking points and “Buzz” words get thrown out and stick to the wall like my wife testing if the spaghetti is cooked. Some of them that are unbearable is; Let’s circle […]
President Joe Biden launched an aggressive attack on gasoline prices last week, enlisting China and other nations in a possible joint release of oil reserves, and sharpening a probe into oil giants’ pricing. The efforts […]
The recent declines in oil prices were “excessive” given that the oil market remains in a deficit, Goldman Sachs said, adding that it reiterates its $85-per-barrel forecast for the fourth quarter. Oil prices came off […]
ENB Publishers Note: Releasing oil from the STRs of multiple countries will have an inverse effect on the long-term markets. Releasing the STRs that were purchased at lower price points will give the countries that […]
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