Sunday, September 28, 2025

Russia Says Oil Price War with U.S. Would Be Too Costly

From Reuters Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said. Since 2017, Russia and OPEC have cut oil production jointly for the first time in

Volatility Jumps in Canadian Oil Market After OPEC-Style Cut

From Bloomberg Alberta’s OPEC-style oil production cut is working as planned, according to the Canadian province, but a dearth of timely crude-market data means traders don’t really know what’s going on. Calls for a better system to inform the market about Canadian crude inventories, output and shipments are occupying center stage after local price volatility hit unprecedented levels as the country grapples

U.S. Oil Firms Tell OPEC Their Growth Will Slow

From Reuters U.S. oil producers sought on Wednesday to soothe OPEC’s worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts. The Organization of the Petroleum Exporting Countries and non-OPEC allies such as Russia have cut output since 2017 to support oil prices, while watching producers in the

Newcomers Pile into Race For Qatar LNG

From Reuters Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway’s Equinor and Italy’s Eni, industry sources said. Plans to expand Qatar’s liquefied natural gas (LNG) facilities, already the world’s largest, by more than a third in the next five

Husky

Alberta Targets $1.5 Billion Upgrader to Get More From Oil

From Bloomberg Alberta is working to encourage construction of a C$2 billion ($1.5 billion) partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products. The facility, designed by Calgary-based Value Creation Inc., would be located near Edmonton and process 77,500 barrels of diluted bitumen a day into products like medium synthetic crude and ultra-low sulfur diesel. The