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HomeCrude Oil News

Crude Oil News

Keystone XL has work suspended by TC Energy - Energy News Beat
Crude Oil News

Keystone XL has work suspended by TC Energy in expectation of Biden’s canceling the project

January 20, 2021 Stu Turley

TC Energy said it is suspending the project in light of the expected Biden action. Biden will revoke the presidential permit granted to Keystone XL within hours of taking the oath of office later today, […]

Canada oil sands producer Athabasca - Energy News Beat
Crude Oil News

Equinor divests stake in Canada oil sands producer Athabasca

January 20, 2021 Stu Turley

Energy News Beat Publishers Note: Wonder if Biden saying that he will halt the Keystone XL pipeline had any influence on the Equior team to divest the stake in Athabasca?  Norway’s Equinor said on Wednesday […]

Deepwater-Invictus -BHP - Energy News Beat
Crude Oil News

BHP finds nothing in Trinidad’s big oil hope

January 20, 2021 Stu Turley

BHP said on Wednesday in its half-year operational review that the Broadside-1 exploration well, located in Block 3 some 150 kilometres from land, did not encounter hydrocarbons. According to the company, BHP reached the main […]

Crude Oil News

Overnight Oil Report 1/20/2021: US Government does best Orpah impression, drives CL higher

January 20, 2021 Mariel Alumit

ENB Publishers Note: Incoming US Treasury Sec. Janet Yellen signals more spending to prop up markets with drives traders to the bull-side on oil. Singapore — 0306 GMT: Crude oil futures rose in the mid-morning trade […]

Carbon Tax

Energy News Beat 1/19/2021

January 19, 2021 Mariel Alumit

Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]

Russian Oil Fields Ahead of 180th OPEC Meeting
Crude Oil News

IEA cuts oil demand forecast as new lockdowns temper recovery

January 19, 2021 Stu Turley

The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, […]

Commodities

Overnight Oil Report 1/19/2020: US Stimulus hopes steady prices amid recently COVID-19 spikes

January 19, 2021 Mariel Alumit

ENB Publishers Note: Rangebound for crude oil prices as new US administration readies fresh stimulus. Remember traders…weaker dollar, better oil… Singapore — 0636 GMT: Crude oil futures were mixed during mid-afternoon trade in Asia Jan. 19, […]

Jason Kenney and Justin Trudeau - Energy News Beat
Crude Oil News

Keystone XL May Be Sold for Scrap If Biden Moves to Kill It

January 19, 2021 Stu Turley

The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds. “If the project ends, […]

China's
Crude Oil News

Syria: Oil Tankers From Iran To Syria Intercepted

January 18, 2021 Stu Turley

Tankers carrying oil from Iran to Syria have been intercepted in the Red Sea and delayed shipments of oil to Syria, the Prime Minister of Syria, Hussein Arnous, was quoted as saying. According to the […]

Crude Oil News

Over-weekend Oil Report Day 1/18/2021: COVID back in China slumps CL prices

January 18, 2021 Mariel Alumit

ENB Publisher Note: OPEC cuts can’t keep new China virus markets spoof CL prices to open the weekend.  Remember, NYSE closed so no trading active on the equities side. Singapore — 0310 GMT: Crude oil futures […]

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