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Watch: Huge fire breaks out at Russian oil facility: A huge fire has broken out at a Russian oil refinery following reports of overnight drone attacks.
bbc.com/news/av/world-europe-68888835
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
ft.com/content/00bb5653-e9aa-4af1-8f9e-705137947b32
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss: Tangen finds US investments more attractive due to weaker regulations and more ...
ft.com/content/58fe78bb-1077-4d32-b048-7d69f9d18809
Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...
bbc.co.uk/news/live/world-africa-68652286
Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members
- German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.
- Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.
- Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.
- Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.
Trans Mountain oil shippers raise concerns about risk of delay to full service: Some shippers on Canada's Trans Mountain expansion project are raising concerns ...
reuters.com/markets/commodities/trans-mountain-expects-first-ship-load-expanded-pipeline-second-half-may-2024-04-23/
Peninsula gas station charges $7.09 per gallon for regular: A gas station on the Peninsula is giving drivers some extreme sticker shock.
nbcbayarea.com/news/local/peninsula/menlo-park-gas-station-prices/3519417/
Quick Glance: Menlo Park Gas Station Charges $7.09 Per Gallon for Regular
- A gas station on the Peninsula is causing extreme price shocks for drivers. The Chevron station in Menlo Park is charging $7.09 per gallon for regular, $7.45 for plus, and $7.69 for supreme. This is at least a dollar higher than neighboring stations and well above the California average of $5.42.
- According to AAA, gas stations set their own prices, and it depends on when they purchase their gas. If they buy their gas wholesale when oil prices are high, they need to sell it at that price to make a profit.
- AAA Northern California spokesperson John Treanor mentioned that gas prices have been elevated recently due to increased demand in spring, higher costs of the summer blend, and rising crude oil prices influenced by Middle East turmoil.
- AAA states that gas prices are expected to stabilize at this point.
US restricts drilling and mining in Alaska wilderness, angering state leaders: The Biden administration on Friday took steps to limit both oil and gas drilling ...
reuters.com/world/us/us-restricts-drilling-mining-alaska-wilderness-angering-state-leaders-2024-04-19/
Biden administration restricts oil and gas leasing in Alaska: The U.S. oil industry’s top lobbying group says Biden administration rules restricting oil and gas ...
apnews.com/article/alaska-drilling-petroleum-reserve-biden-1dd8c07d2ed6e902ee6ac6298e2eaade
Quick Glance: Restrictions on Oil and Gas Leasing in Alaska under Biden Administration
- The Biden administration announced restrictions on new oil and gas leasing on 5.3 million hectares of a federal petroleum reserve in Alaska to protect wildlife from the impacts of climate change.
- The decision finalizes proposed protections that drew backlash from environmentalists last year for violating Biden's climate change pledge.
- The limitation on new leasing faced opposition from Republican lawmakers who criticized the decisions as undermining national security interests.
- Environmentalists praised the decision, while the oil industry labeled it as misguided and raised concerns about future developments in the reserve.
BBC Verify examines reported strikes on Russian oil depots: The reported strikes have been geolocated to the Smolensk region of western Russia.
bbc.com/news/av/world-europe-68893589
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Granting waivers on Iranian oil only emboldens the ayatollahs: The only way to reach any agreement with Tehran to constrain the activities of its clients is by ...
thehill.com/opinion/national-security/4622953-granting-waivers-on-iranian-oil-only-emboldens-the-ayatollahs/
Oil prices jump $3/bbl on unconfirmed reports of explosions in Iran: Oil slipped on Friday following an earlier price spike of more than $3 after Iran played ...
reuters.com/business/energy/oil-prices-ease-prospect-persistently-high-us-interest-rates-2024-04-19/
Chevron CEO's pay rose 12% to $26.5 million in 2023, workers lag: U.S. oil major Chevron's CEO Michael Wirth was paid $26.5 million in 2023, a 12 ...
reuters.com/business/energy/chevron-ceos-pay-rose-12-265-million-2023-2024-04-10/
Portugal's Galp says field off Namibia could contain 10 bln barrels of oil: Portuguese oil company Galp Energia said on Sunday it had concluded the first phase ...
reuters.com/business/energy/portugals-galp-says-field-off-namibia-could-contain-10-bln-barrels-oil-2024-04-21/
Oil rises in early Asian trading, Middle East tensions remain in focus: Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the ...
reuters.com/markets/commodities/oil-rises-early-asian-trading-middle-east-tensions-remain-focus-2024-04-23/
Venezuela's ex-oil minister El Aissami reappears - in handcuffs: Tareck El Aissami, a former close ally of President Maduro, has been arrested on corruption ...
bbc.com/news/world-latin-america-68779090
US reinstates oil ban on Venezuela's Nicolas Maduro is back. Could it affect gas prices?
usatoday.com/story/news/politics/elections/2024/04/17/us-reinstates-venezuelas-oil-sanctions-maduro-deal/73354429007/
Quick Glance: US to Reinstate Sanctions on Venezuela’s Oil and Gas Sector
- The United States will reimpose sanctions on Venezuela’s oil and gas sector due to the Maduro government's failure to allow 'an inclusive and competitive election' to take place.
- The US government decided not to renew the temporary authorization (General License 44) that allowed transactions with Venezuela's national oil and gas sector without fear of sanctions, citing the Maduro government's failure to uphold key areas of the 'Barbados Agreement.'
- While the impact of revoking the authorization could not be quantified, another authorization from 2022 allowing the oil company Chevron to resume limited resource extraction operations in Venezuela will remain in place.
- Despite reinstating sanctions, a US official emphasized that this should not be seen as a final decision on Venezuela's electoral capabilities, and efforts to support a better future for the country will continue.
Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
Why oil pump prices are expected to drop in new review today: The Energy and Petroleum Regulatory Authority will today release the monthly pricing schedule to ...
nation.africa/kenya/business/why-oil-pump-prices-are-expected-to-drop-in-new-review--4589734
Norway becomes latest European state to boost defence spending: Earlier this month, oil-rich Norway said it wants to increase the number of conscripted soldiers ...
euronews.com/2024/04/05/norway-becomes-latest-european-state-to-boost-defence-spending
Quick Glance: Norway's Contribution to Ukraine and Approach to Russia
- Norway plans long-term support for Ukraine until 2027, with a total amount of almost €7.6 billion.
- Norwegian defense support for Ukraine is crucial, especially considering the country's strong defense industry.
- Due to the geopolitical developments in the region, Norway's economic outlook has improved.
- Norway is aware of the Russian threat and prepares accordingly, without committing to direct military actions for Ukraine.
Maxwell Frost on Earth Day calls Trump a ‘threat to our planet’: On Earth Day, progressive Democrat Maxwell Frost (Fla.) is calling former President Trump a ...
thehill.com/policy/energy-environment/4612862-maxwell-frost-earth-day-trump-climate-change/
Russia's Bashneft oil company installs anti-drone nets to protects refineries, says report
reuters.com/world/europe/russias-bashneft-protects-refineries-with-anti-drone-nets-ria-says-2024-04-19/
Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens: The community canteens, offering huge plates for a dollar or two, have become popular ...
nytimes.com/2024/04/23/business/shanghai-tongxinhui-community-canteen.html
Michael Oren: FBI must investigate money trail behind campus antisemitic protests
jpost.com/international/article-798615
Focus: As shale oil output slows, one deepwater port struggles for customers: As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious ...
reuters.com/markets/commodities/shale-oil-gains-slow-deepwater-port-struggles-customers-2024-04-22/
Nigeria's Dangote refinery supplies petroleum products to local market: Nigeria's Dangote oil refinery started supplying petroleum products to the local market ...
reuters.com/markets/commodities/nigerias-oil-marketers-load-products-dangote-refinery-2024-04-02/
Why Russia and Iran can dodge Western sanctions: Iran has been living with Western sanctions for almost 40 years, and never have so many sanctions been imposed ...
dw.com/en/why-russia-and-iran-can-dodge-western-sanctions/a-68928255
Ukrainian drone strikes are hurting Russia’s oil industry: The world’s third-largest producer is now an importer of petrol
economist.com/finance-and-economics/2024/04/11/ukrainian-drone-strikes-are-hurting-russias-oil-industry
Suncor's Syncrude Canada to pay C$390,000 after worker fatality: Oil sands producer Syncrude Canada, majority-owned by Suncor Energy , will pay C$390,000 ($287 ...
reuters.com/business/energy/suncors-syncrude-canada-pay-c390000-after-worker-fatality-2024-04-08/
Russia Plans Anti-Drone Response After Recent Hits on Refineries: Russia is stepping up military training to counter drones after repeated UAV attacks in regions ...
bloomberg.com/news/articles/2024-04-20/russia-plans-anti-drone-response-after-recent-hits-on-refineries
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Trump rails against wind energy in fundraising pitch to oil executives: “I hate wind,” the former president told oil industry officials at a recent Mar-a-Lago ...
washingtonpost.com/climate-environment/2024/04/17/trump-wind-power-oil-executives/
Turkey’s Erdogan heads to Iraq in rare state visit to discuss water, oil, security
go.france24.com/MXx
US, Europe to up Iran sanctions as Israel pressed to ditch threatened retaliation
timesofisrael.com/us-europe-to-up-iran-sanctions-as-israel-pressed-to-ditch-threatened-retaliation/
Michigan seeks comment on permit to increase Marathon refinery throughput: A Michigan regulator said this week it is seeking public comment on a proposed permit ...
reuters.com/markets/commodities/michigan-seeks-comment-permit-increase-marathon-refinery-throughput-2024-04-18/
New Beyond Meat plant-based beef made with avocado oil for nutrient-dense, simplified ingredients
goodmorningamerica.com/food/story/new-meat-plant-based-beef-made-avocado-oil-109380422
Dollar firms on mixed central bank views, Middle East risk lifts oil
reuters.com/markets/global-markets-wrapup-1-2024-04-12/
Oil prices jump $3/bbl on unconfirmed reports of explosions in Iran: Oil slipped on Friday following an earlier price spike of more than $3 after Iran played ...
reuters.com/business/energy/oil-prices-ease-prospect-persistently-high-us-interest-rates-2024-04-19/
Tenth consecutive monthly heat record alarms and confounds climate scientists: If the anomaly does not stabilise by August, ‘the world will be in uncharted ...
theguardian.com/global/2024/apr/09/tenth-consecutive-monthly-heat-record-alarms-confounds-climate-scientists
Quick Glance: Global Record: Warmest March Ever
- Last month marked the warmest March globally on record and the tenth consecutive month with new temperature records for respective months.
- According to a report from the Copernicus Climate Change Service (C3S), the EU's climate monitoring service, global temperatures in March surpassed the pre-industrial average for that month from 1850 to 1900 by 1.68°C and were 0.73°C above the 1991-2020 average for March. The previous month also exceeded the previous March record by 0.10°C set in 2016.
- The global average temperature from April 2023 to March 2024 is now the highest on record, standing at 1.58°C above the 1850-1900 pre-industrial average.
- In Europe, temperatures in March 2024 were 2.12°C above the 1991-2020 average for the month, with significantly above-average temperatures observed in central and eastern Europe.
Brazil's Petrobras could decide dividend payout at shareholders meeting April 25: Brazil's state-run oil firm Petrobras said that a proposal to disburse up to ...
reuters.com/business/energy/brazils-petrobras-could-decide-dividend-payout-shareholders-meeting-april-25-2024-04-20/
Ukraine is ignoring US warnings to end drone operations inside Russia: Its superdrones can reach targets as far away as Siberia
economist.com/europe/2024/04/18/ukraine-is-ignoring-us-warnings-to-end-drone-operations-inside-russia
China can't quit coal by 2040, researchers say, despite global climate goals: China's coal consumption will fall by just one-third by 2040, according to a report ...
reuters.com/world/china/china-cant-quit-coal-by-2040-researchers-say-despite-global-climate-goals-2024-04-23/
Exclusive: US sanctions hamper Russian efforts to repair refineries: When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest ...
reuters.com/markets/commodities/us-sanctions-hamper-russian-efforts-repair-refineries-sources-say-2024-04-04/
Senegal's new president announces oil, gas and mining sector audit: Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President ...
reuters.com/world/africa/senegals-new-president-announces-oil-gas-mining-sector-audit-2024-04-03/
One dead, two seriously injured after fire hit Pemex oil platform in Mexico: At least one contractor was killed after a fire struck an offshore platform operated ...
reuters.com/world/americas/one-dead-two-seriously-injured-after-fire-hit-pemex-oil-platform-mexico-2024-04-07/
Quick Glance: Fire Incident at Pemex Offshore Platform: 9 Workers Injured
- Pemex reported a fire incident on a platform in the Gulf of Mexico, resulting in nine workers being injured.
- Two of the injured individuals are Pemex employees, while seven are from external companies.
- The fire originated in the area of the Akal B platform where gas pipelines are situated.
- Videos and photographs depict smoke plumes captured from boats in proximity to the platform.
Reuters: Russia asks Kazakhstan to resupply gasoline in case of shortages, sources say
kyivindependent.com/reuters-russia-asks-kazakhstan-to-resupply-gasoline-in-case-of-shortages/
Abu Dhabi GDP turns in Dh1.14 trillion performance - best in 10 years: Non-oil economy contributed significantly, with manufacturing leading the way
gulfnews.com/business/economy/abu-dhabi-gdp-turns-in-dh114-trillion-performance---best-in-10-years-1.1711963572557
Quick Glance: Abu Dhabi's 2023 Economy Grew 3.1% Due to Sharp Non-Oil GDP Expansion
- Abu Dhabi’s GDP for the 12 months to December reached 1.14 trillion dirhams ($310.63 billion), despite challenges and global market fluctuations affecting all sectors.
- The non-oil economy of Abu Dhabi grew by 9.1% year-on-year for the 12-month period, driven by significant progress in the construction, finance, insurance, transportation, and storage sectors.
- Abu Dhabi is intensifying efforts to diversify its non-oil economy and attract investments in sectors such as tourism, aviation, and technology.
- The construction sector grew by 13.1%, and the financial and insurance sector saw the largest percentage growth with a 25.5% expansion.
US says it will not renew easing of Venezuela oil sanctions unless progress made on elections
reuters.com/world/americas/us-says-it-will-not-renew-easing-venezuela-oil-sanctions-unless-progress-made-2024-04-15/
Is speed the main cause of road accidents?: It is assumed that 'excessive' speed is the main culprit, but scientific evidence paints a different picture.
nation.africa/kenya/life-and-style/dn2/is-speed-the-main-cause-of-road-accidents--4593410
Saudi Arabia may hike May crude oil prices to Asia: Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May ...
reuters.com/markets/commodities/saudi-arabia-may-hike-may-crude-oil-prices-asia-2024-04-01/
Trans Mountain's expanded pipeline system will start operating May 1: Trans Mountain's expanded oil pipeline system will start commercial operations on May 1 ...
reuters.com/business/energy/trans-mountains-expanded-pipeline-system-will-start-operating-may-1-2024-04-03/
KPC takes over Kipevu oil terminal operations : Kenya Pipeline Company (KPC) has taken over operations and maintenance of the Sh40 billion Kipevu Oil Terminal 2.
businessdailyafrica.com/bd/corporate/companies/kpc-takes-over-kipevu-oil-terminal-operations--4601976
Venezuela oil sector braces for loss of US license, Maduro hits back: The day after the United States announced it would reimpose costly limits on Venezuela's ...
reut.rs/49HnErZ
G7 ‘ready to take measures’ in response to further destabilisation by Iran: G7 leaders offered their full support for Israel on Sunday following an attack by ...
scmp.com/news/world/middle-east/article/3258986/g7-ready-take-measures-response-further-destabilisation-iran
Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
Russian oil arrives in Cuba after year-long hiatus: Cuban state-run media said at the weekend that 90,000 metric tons of Russian oil had arrived in the cash and ...
reuters.com/markets/commodities/russian-oil-arrives-cuba-after-year-long-hiatus-2024-03-31/
Oilfield firm SLB's profit rises on international drilling demand: Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday ...
reuters.com/markets/commodities/oilfield-firm-slbs-profit-rises-international-drilling-demand-2024-04-19/
Ukraine strikes oil refineries deep inside Russia: Kyiv aims to ‘deprive the enemy of resources and reduce the flow of oil money and fuel’
ft.com/content/4bd2b770-422b-45dc-b495-52a08e3e927d
Exclusive: Russia struggles to collect oil payments as China, UAE, Turkey raise bank scrutiny
reut.rs/3PImuFp
Quick Glance: Russia Struggles with Oil Payment Delays from China, UAE, Turkey
- Russian oil firms face payment delays from China, Turkey, and the UAE due to increased bank scrutiny.
- Banks require guarantees for sanctions compliance and have suspended accounts linked to Russian goods trading.
- US pressure on China leads to payment issues, while Russian oil exports are disrupted by sanctions.
- Chinese, UAE, and Turkish banks ramp up checks after a US order, causing further delays in payments to Russia.
The U.S. just changed how it manages a tenth of its land: The Interior Department finalized a rule that puts conservation on equal footing with mining ...
washingtonpost.com/climate-environment/2024/04/18/biden-public-lands-conservation-rule/
I Regret To Inform You The Elemis Cleansing Balm Is Worth Every Penny: In the words of one reviewer: “I was somewhat hesitant to pay so much for this product ...
huffpost.com/entry/elemis-cleansing-balm-review_l_6543fe88e4b00f9ca31f179c
How could Iran's attack on Israel affect gas prices? What you should know: U.S. motorists could see an impact on oil prices, but that depends on what Israel and ...
usatoday.com/story/money/2024/04/14/iran-israel-attack-gas-prices/73320580007/
Oil prices fall for a second day as US crude inventories increase: Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S. ...
reuters.com/markets/commodities/oil-prices-fall-second-day-us-crude-inventories-increase-2024-03-27/
WP: Zelensky defends Ukraine's strategy of targeting Russian oil refineries, emphasizes self-defense
kyivindependent.com/zelensky-defends-ukrainian-strategy-of-targeting-russian-oil-refineries-emphasizes-self-defense/
How India’s imports of Russian oil have lubricated global markets: But as the country’s importance in the global oil market grows, risks loom
economist.com/asia/2024/04/11/how-indias-imports-of-russian-oil-have-lubricated-global-markets
Niger and China sign crude oil MOU worth $400 mln, says Niger state TV: Niger has signed a memorandum of understanding with Chinese state-owned oil giant China ...
reuters.com/markets/commodities/niger-china-sign-crude-oil-mou-worth-400-mln-says-niger-state-tv-2024-04-13/
Russian refineries targeted by Ukraine's drones: Rosneft's Kuibyshev oil refinery in Russia's city of Samara halted refining unit CDU-5 ...
reuters.com/business/energy/russian-refineries-targeted-by-ukraines-drones-2024-03-25/
SNP-Green split: From 'happy day' to betrayal, north and north-east reacts to end of government coalition
pressandjournal.co.uk/fp/politics/scottish-politics/6445463/snp-green-split-north-east-highlands/
To build a new resource project, Indigenous participation is now essential: Fort McKay First Nation announced a memorandum of understanding with Suncor Energy to ...
theglobeandmail.com/opinion/article-to-build-a-new-resource-project-indigenous-participation-is-now/
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Why oil prices already at highs could surge another 10% by summer, according to BofA
trib.al/Ay4isK1
Self belief: I always knew I was built to be an entrepreneur : Eutycus Mwenda is the founder of Milestones Supplies, a fuel depot in Meru town.
nation.africa/kenya/life-and-style/mynetwork/self-belief-i-always-knew-i-was-built-to-be-an-entrepreneur--4593622
Trans Mountain oil pipeline begins filling ahead of final construction challenges
reuters.com/business/energy/ceraweek-trans-mountain-oil-pipeline-begins-filling-ahead-final-construction-2024-03-20/
Quick Glance: Trans Mountain Pipeline Initiates Oil Filling Before Final Construction Challenges
- Trans Mountain Corp has commenced filling its pipeline expansion with oil as construction of the long-delayed project nears completion. The pipeline expansion will face technical challenges in the next two weeks as it completes the last segment in British Columbia.
- The Canadian government-owned C$34 billion pipeline expansion is set to nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day. The pipeline, expected to be operational in the second quarter, is anticipated to boost Canadian crude prices amid increasing production by producers.
- Technical challenges involve stringing pipeline through hard rock in the final segment. Trans Mountain received approval from the Canada Energy Regulator to use smaller-diameter pipe on this segment.
- In addition to finishing construction, Trans Mountain is in dispute with shippers over tolls to be charged, a situation likely to be resolved by the regulator in early 2025. Suncor Energy reportedly sold one of the first cargoes to China's Sinochem Group.
Portland woman pulled up in a Tesla with 2 kids in car seats to sell pot to undercover cop in Lake Oswego
oregonlive.com/crime/2024/04/portland-woman-pulled-up-in-a-tesla-with-2-kids-in-car-seats-to-sell-pot-to-undercover-cop-in-lake-oswego.html
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TotalEnergies beats expectations despite lower gas prices: French energy giant TotalEnergies posted a 22% decline in first-quarter earnings ...
reuters.com/business/energy/totalenergies-q1-net-income-falls-22-lower-gas-prices-2024-04-26/
Instead of Biden paying off student debt, let’s try this in higher education instead | Opinion
kansascity.com/opinion/the-point/article287986050.html
Bloomberg: Russian oil trade feels pressure of Western sanctions in India: Russia's oil industry is starting to feel the pressure of Western sanctions as ...
kyivindependent.com/bloomberg-russian-oil-trade/
'Americans Just Work Harder' Than Europeans, Says the CEO of Norges Bank, the World's Largest Wealth Fund
entrepreneur.com/business-news/norges-bank-ceo-nicolai-tangen-americans-just-work-harder/473262
How To Get Rid Of Pores: Tips & Products To Shrink Your Pores: Wondering how to get rid of pores? We've got the answers on how to cleanse and minimise pores with ...
glamourmagazine.co.uk/gallery/how-to-minimise-pores
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