Tuesday, April 8, 2025
OPEC sec gen says energy transition can not exclude fossil fuels- oil and gas 360

OPEC sec gen says energy transition can not exclude fossil fuels

Nasdaq HOUSTON, Dec 8 – The COP 26 climate change conference largely excluded the oil and gas industry, OPEC Secretary General Mohammad Barkindo told a gathering of oil officials on Wednesday, arguing producers need to be included in planning for a transition to cleaner fuels. Speaking at the World Petroleum Congress, Barkindo took up the themes of several earlier speakers

Enbridge sees two options for pipelines after Canadian regulatory pushback- oil and gas 360

Enbridge sees two options for pipelines after Canadian regulatory pushback

World Oil CALGARY (Bloomberg) –Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator. North America’s largest pipeline company will either pursue a modified, incentive-based version of its current arrangement, which allows producers to decide the volumes they

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 0.2 million barrels

Weekly Crude Oil Storage as of December 3, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.2 million barrels from the previous week.  At 432.9 million barrels, U.S. crude oil inventories are about 7% below the five year average for this time of year, according to the EIA crude oil and petroleum