Enbridge Tops Q1 Profit Estimates on Record Mainline Crude Volumes
Canada’s pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline…
Indonesia Looks to Buy More U.S. Fuel to Avoid Steep Tariffs
Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States as the country looks to negotiate lower tariffs with the U.S. Indonesia…
U.S. Seeks to Downgrade Climate Risk in Global Financial Regulations
The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times…
Pemex to Reopen Old Oil Wells to Boost Production
Mexico’s Pemex plans to reopen mature oil wells in a bid to increase production, which has been in a steady decline for years. According to a Reuters report, the Mexican…
USA EIA Lowers WTI Oil Price Forecasts
The U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot average price forecasts for 2025 and 2026 in its latest short term energy outlook (STEO), which was…
Kingspan signs green steel deal to cut emissions impact
Ireland-based building materials firm Kingspan has signed a supply agreement with Hydnum Steel for green steel as part of its push to lower emissions across its operations and products. The…
UK and Norway step up cross-border CO2 storage plans
The UK and Norway are growing their joint plans for building offshore infrastructure and reducing barriers to develop a North Sea hub for the cross-border storage of carbon dioxide. It…
UK to Slap Sanctions on 100 Russian-Oil Carrying Tankers
The UK government will impose sanctions on as many as 100 tankers that it says are used to ship Russian crude oil abroad. Bloomberg reports that this constitutes a 75%…
U.S. Nat Gas Liquids Exports Hit Record—Even With China Playing Hardball
As it turns out, a trade war with your biggest customer isn’t the death knell some made it out to be. U.S. exports of natural gas liquids (NGLs) hit an…
Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude…
