Global EV Growth Slows as U.S. Demand Falls and China’s Market Levels Off
An almost flat month for electric vehicle sales in China drove a slowdown in global sales of the vehicles in November, with the United States booking a decline after the…
Brazil Oil Output Rebounding from Outages
Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America’s largest crude producer can confound OPEC efforts to micromanage…
House Vote Reignites Fight Over Who Controls America’s Pipeline Buildout
The House on Thursday narrowly approved the PERMIT Act, a Republican-backed measure that would roll back the authority states have used for years to block major pipeline projects under the…
Trump Zeros In on Venezuela’s Oil Networks
Washington moved aggressively back into Venezuela’s oil sector on Thursday, sanctioning Maduro family members, a longtime business ally, and six companies operating tankers that have kept PDVSA’s exports alive through…
Oil Prices Drop 2% Despite Wave of Bullish News
Oil prices slid nearly 2% on Thursday in a move that ran against a rare alignment of bullish signals—from OPEC’s upbeat December MOMR to a softer glut forecast from the…
Air Water to build ASU for Texas City blue methanol plant
Air Water Gas Solutions, a subsidiary of Air Water America, will build an air separation unit to support the production of 1.1 million tonnes of blue methanol at Sandpiper Chemicals’…
Canada’s Cenovus Energy To Boost 2026 Oil Production
Cenovus Energy expects its upstream production to rise by about 4% in 2026 compared to this year as it is completing new projects and adding assets of MEG Energy, which…
Suncor Energy Targets Major Production Boost in 2026
Canada’s oil producer Suncor Energy expects to grow its upstream production next year as it continues to invest in in-situ projects in the oil sands patch. Suncor Energy expects annual…
OPEC Holds Firm on Bullish Oil Demand Outlook for 2026
Global oil demand will rise by about 1.4 million barrels per day (bpd) next year, supported by solid economic growth, OPEC said in its monthly report ton Thursday, keeping its…
Equinor Invests $400 Million to Boost Output at Newest Arctic Oilfield
Equinor and its partners in the huge new Arctic oilfield Johan Castberg will invest $396 million (4 billion Norwegian crowns) to construct the first tie-back of another discovery to the…
