Oil Prices Rise on Rate Cut Optimism
Crude oil prices started the week with gains following the U.S. Federal Reserve chairman’s speech last Friday, which revived hopes for more rate cuts later this year as well as…
China’s Coal Imports Set to Climb This Month
China’s thermal coal imports are set for a substantial rise this month, reaching 25.63 million tons, which would be the highest monthly increase since last December, Kpler reported, as cited…
USA Energy Demand Projected to Rise in 2025, 2026
Total U.S. energy consumption is projected to rise in 2025 and 2026 in the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released on August…
Dollar Weakness Lingers as Markets Bet on September Rate Cut
The U.S. dollar edged higher in early Asian trading on Monday, attempting to recover from a four-week low against the euro after Federal Reserve Chair Jerome Powell signaled a potential…
Cenovus to Buy MEG as Canada’s Oil Sands Consolidate Further
Cenovus Energy on Friday announced it has entered into a definitive arrangement agreement to acquire MEG Energy Corp in a cash and stock deal valued at US$5.7 billion (C$7.9 billion),…
New Ukrainian Strike Halts Pipeline Oil Flow to Hungary and Slovakia Again
Just days after flows on the Druzhba oil pipeline to Hungary and Slovakia resumed following a Ukrainian attack on a pumping station, Ukraine hit the infrastructure anew, and supplies to…
Canada PM Pushes Energy, Defense Deals in Europe
Canadian Prime Minister Mark Carney is visiting Poland, Germany and Latvia to strengthen defense and industrial partnerships, with a particular focus on growing his country’s nuclear and critical minerals sectors.…
Private Chinese Firm Invests $1 Billion to Pump 60,000 Bpd Crude in Venezuela
Private Chinese firm China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela, from which it expects to produce 60,000 barrels per day (bpd) of crude by the end…
Sinopec Announces Major Shale Gas Discoveries
China’s Sinopec has made two significant discoveries of shale gas in central-southwestern China containing over 100 billion cubic meters, the company has said, as quoted by the South China Morning…
Trump Prompts $19 Billion Worth of Wind and Solar Projects Cancellations
Since President Trump took office, almost $19 billion worth of wind and solar power generation projects have been canceled, according to U.S. consultancy Atlas Public Policy. As President Trump slashed…
