Wednesday, February 4, 2026

Notley Leaves Alberta Oil Industry Hanging on Output-Cut Idea

From Bloomberg Premier makes no mention of curtailment in Toronto speech CTV Interview Wednesday had raised expectation that she would   Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills at a speech in Toronto, but made no mention of whether she’ll mandate crude-production cuts. Suffering from record-low prices because of

Saudi Arabia Faces a Dramatic Choice at OPEC

From Bloomberg Saudi-Russia meeting at G20 likely to determine OPEC outcome WTI crude plunged below $50 a barrel for first time in a year   The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy. For Mohammed bin Salman, the

Shale Gluts and Ship Rules Make Heavy Sweet Oil an Unlikely Star

From Bloomberg    Shale boom, shipping rules weaken light and high-sulfur grades Crudes from Angola, Brazil may benefit from quality concerns   There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy sweet crude, is fetching increasingly stronger prices relative to benchmark lighter grades. For example, Angola’s Dalia

Automaker Eyes Wind Powered Ships to Cut Supply Chain Carbon

From Marine Log French automaker Groupe Renault has signed a three year agreement with Neoline, a start up that says it aims to become the first modern shipowner to fully embrace energy efficiency by relying on wind power as its primary energy source. Nearly 60% of Renault’s parts and vehicles are transported by sea. “Groupe Renault’s objective is to reduce