Canada is the top energy trade partner of the United States and was the largest source of American energy imports last year, the U.S. Energy Information Administration (EIA) said on Friday. According to the latest annual Standard International Trade Classification (SITC) data from the U.S. Census Bureau, the value of U.S. energy imports from Canada stood at ...
Source: Oilprice.com
Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its international partners, Reuters reported on Friday, quoting sources with knowledge of the plans. The world’s top oil importer, China, is Angola’s primary creditor and the African country is repaying part ...
Source: Oilprice.com
VICTORIA – Criminal and civil contempt of court charges have been dropped against those who were arrested in February for violating an injunction while fighting the construction of a natural gas pipeline in northern B.C. The arrests of 22 members of the Wet’suwet’en Nation and their supporters sparked protests across the country, shutting down rail
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Source: BOE Report
The oil market is set for a deficit from August onwards, even after OPEC+ eases the current cuts that are up for a tentative extension through July, Rystad Energy analysts said on Friday. Assuming that global demand recovery continues in the coming months, the oil market will still be in deficit even after the OPEC+ group relaxes the current cuts ...
Source: Oilprice.com
Canada’s fleet of active drilling rigs stayed at 21 since last week according to data from Baker Hughes. Total drilling count was 21 at June 5. 7 rigs were drilling for oil; 14 for natural gas. The drilling activity in Alberta grew to 11 from 10 since last week. Saskatchewan’s drilling remained at 2 rigs.
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Source: BOE Report
Massachusetts Attorney General Maura Healey called on the state’s Department of Public Utilities to investigate “the future of the natural gas industry” in Massachusetts this week, alleging that the use of the fuel didn’t align with the state’s 2050 climate goals. While such a claim is confusing, considering the role of natural gas in mitigating carbon emissions and the state’s ...
Source: Energy In Depth
An investigation conducted by the Colorado Department of Public Health and Environment has once again shown that the air quality is safe around a local school in Greeley and nearby oil and natural gas wellsite.
The Denver Post reported on CDPHE’s findings from its third round of air sampling at that location:
“An investigation into elevated levels of benzene, a ...
Source: Energy In Depth
This article first appeared on Transport Topics
A survey conducted by the American Trucking Associations’ Technology & Maintenance Council in March and April found that the COVID-19 pandemic had little impact on the readiness of the technician labor force for fleets and service providers.
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This article first appeared on Transport Topics
Strick Trailers will enhance its VT100 plywood panel vans with vertically installed DymondPly lining composite panels made by Ridge Corp.
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This article first appeared on Transport Topics
TravelCenters of America Inc. announced plans to open three new travel centers in as many weeks during June.
Read More Source: Transport Topics
A US jobs report beat analysts' forecasts, adding to a rally fueled by a tentative OPEC+ deal to extend output cuts.
Source: Rigzone.com: Latest News Headlines
This article first appeared on Transport Topics
As COVID-19 spread across the country and the number of cases began to spike, some trucking companies and truck dealers made significant operational changes in their maintenance shops to prevent exposure to the virus.
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This article first appeared on Transport Topics
President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment June 5.
Read More Source: Transport Topics
Norman, Okla. – In response to the challenges of pandemic-related global demand for energy resources, the University of Oklahoma Energy Institute is launching a new summer webcast Monday, June 15. The complimentary bi-weekly series will be available online at price.ou.edu/energywebcast. The premier episode will feature Scott Sheffield, president and CEO...
This article first appeared on Transport Topics
President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.
Read More Source: Transport Topics
The recent move by China to pass a national security law in Hong Kong has reignited tensions between Washington and Beijing. Those tensions are now threatening over $52 billion in energy sales and have brought an end to the oil price rally.For Global Energy Alert members there are now two new free reports available in your dashboard. The first ...
Source: Oilprice.com
China has required the three biggest state-held oil corporations to transfer the management of half of their liquefied natural gas (LNG) terminals to the newly created state-controlled midstream firm, Caixin Global reported, citing industry insiders. The transfer of 10 LNG terminals owned by China National Petroleum Corporation (CNPC), Sinopec, and China National Offshore Oil Corporation (CNOOC) is the first ...
Source: Oilprice.com
This article first appeared on Transport Topics
The U.S. Department of Transportation has issued a final rule to create the Tribal Transportation Self-Governance Program.
Read More Source: Transport Topics
Canadian heavy crude’s discount narrowed versus the U.S. benchmark West Texas Intermediate (WTI) on Friday, reducing some of the discount that had otherwise expanded this week. Western Canada Select (WCS) heavy blend crude for July delivery in Hardisty, Alberta, traded at $8.70 per barrel below WTI, according to NE2 Canada Inc, narrower than Thursday’s settle
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Source: BOE Report
U.S. West Texas Intermediate crude oil futures are trading at their highest levels of the week on Friday and inside the price gap created on March 9 when the market opened sharply lower, officially starting the coronavirus-related plunge. The price action strongly suggests the buying is getting stronger especially if traders fill the gap. The market was initially supported ...
Source: Oilprice.com
This article first appeared on Transport Topics
Tesla Inc. CEO Elon Musk said it’s “time to break up Amazon” in a tweet June 4, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration.
Read More Source: Transport Topics