Sunday, June 29, 2025

U.S. Oil Is Flowing Freely to China Again After Slowing to Trickle

From Bloomberg It seems Asia’s biggest oil buyer can’t stay away from crude pumped in the world’s fastest-growing supplier for long. A supertanker laden with U.S. oil is floating off China’s eastern coast, awaiting discharge at one of the Asian nation’s busiest ports. The vessel will soon be joined by more ships that will make the two-month voyage from America

Trump Considering Waiving Jones Act Mandate for Natural Gas: Bloomberg

From Bloomberg President Donald Trump is seriously considering waiving the requirement that only U.S. flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting on Monday, following requests from Puerto Rico and pressure from oil industry leaders

Cenovus Cheers Alberta Oil Curtailments as Profits Return

From Reuters Canada’s Cenovus Energy on Wednesday praised government-ordered oil production cuts that have dramatically improved Canadian crude oil prices, allowing the company to post a return to quarterly profits after a torrid 2018. Canada’s main oil-producing province Alberta ordered companies to cut output by 325,000 barrels per day (bpd), effective Jan. 1, 2019, to deal with pipeline bottlenecks that

LNG

Glut Forces LNG Producers to Offer Flexible Deals from Global Portfolios

From Reuters The world’s biggest liquefied natural gas (LNG) producers including Shell, Total and Petronas are increasingly selling from global supply pools instead of dedicated projects as buyers leverage a fuel surplus to force ever more flexible deals. This marks an accelerated turning from traditional long-term contracts that lock customers into taking regular volumes from specific projects under oil-linked pricing