Monday, July 7, 2025
Frustrated Canada presses White House to keep Great Lakes oil pipeline open- oil and gas 360

Frustrated Canada presses White House to keep Great Lakes oil pipeline open

Reuters OTTAWA/NEW YORK – Canada is pushing on several diplomatic fronts against the U.S. state of Michigan’s efforts to close a cross-border oil pipeline, the second such dispute since Joe Biden became U.S. president in January, complicating the governments’ efforts to work together to lower carbon emissions. The conflict over the aging but key pipeline highlights the disruptions caused by

Column: Rangebound oil prices leave funds on sidelines - Kemp- oil and gas 360

Column: Rangebound oil prices leave funds on sidelines – Kemp

Reuters LONDON – Portfolio managers increased their exposure to petroleum slightly last week, focusing mainly on Brent, but positions remained rangebound as OPEC+ production discipline was offset by a new wave of coronavirus infections. Hedge funds and other money managers bought the equivalent of 14 million barrels in the six most important petroleum futures and options contracts in the week

BP applies to set up U.S. retail power business: filing-oil and gas 360

BP applies to set up U.S. retail power business: filing

Reuters LONDON/WASHINGTON – BP has applied to supply U.S. residential customers with electricity generated from wind, solar and natural gas, betting on a rapid growth in power demand as economies shift away from fossil fuels to battle climate change. BP wants to supply electricity in California, Illinois, Ohio, Pennsylvania and Texas in its first foray into the retail power business,