Wednesday, January 1, 2025

Canada LNG: Woodside Drops Grassy Point LNG Project in BC to Focus on Kitimat

From The West Australian Woodside Petroleum has abandoned a proposed LNG project in western Canada to focus on a nearby venture with Chevron. The Perth-based oil and gas company in January chose not to renew its agreement with the British Columbia provincial government to develop an LNG terminal at the Grassy Point site. Woodside struck the deal with the BC

Weekly Oil Storage: Spring Build Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 2,408 MBBL last week to 425,906 MBBL, from 423,498 MBBL. This is 19% below the 528,393 MBBL that was in storage at this point last year, and is 1% above the five-year