Alberta government urges oil regulator to go soft on flaring
(Oil Price) – The provincial government of Alberta, Canada’s key oil and gas-producing province, has advised the Alberta Energy Regulator to go soft on imposing penalties for excess flaring, Reuters reported on Monday, citing documents it had obtained through access to information laws. The provincial government has
US natural gas exports to Mexico hit record highs, EIA says
(BOE Report) – U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day (bcfd) in May 2025, the most of any month on record as Mexico’s demand for natural gas increases, the U.S. Energy Information Administration said on Monday. On
Oil falls amid ongoing Ukraine talks, ahead of expected US interest rate cut
(Investing) – LONDON – Oil prices fell on Monday as investors monitored ongoing talks to end the war in Ukraine and ahead of an expected U.S. Federal Reserve interest rate cut this week. Brent crude futures fell by 56 cents, or 0.9%, to $63.18 a barrel
Reliance Industries, JV partners to invest $11 billion in India AI data capacity
(BOE Report) – A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield
Kazakhstan’s CPC oil pipeline will not return to full export capacity before December 11, sources say
(BOE Report) – Kazakhstan’s Caspian Pipeline Consortium, which accounts for 1% of global crude supply, will not return to full export capacity until at least December 11 after a Ukrainian drone attack damaged a key part of its terminal, two industry sources told Reuters.
Hydrocarbon discovery strengthens Namibia’s onshore potential at Kavango West 1X well
(World Oil) – Reconnaissance Energy Africa (ReconAfrica) has confirmed hydrocarbon pay at its Kavango West 1X exploration well on Petroleum Exploration Licence (PEL) 73 in northern Namibia, advancing early appraisal of the emerging Damara Fold Belt play. The well—drilled to a total depth of
Heavy crude prices could surge as U.S.-Venezuela tensions escalate
(Oil Price) – A loss of Venezuelan oil production in case of a U.S. military intervention will materially impact global benchmark prices as the market will have to replace Venezuela’s heavy crude—the bulk of Caracas’ crude exports, according to Rystad Energy. Venezuela is estimated to pump about
Aramco begins gas production at Jafurah, world’s largest shale project outside U.S.
(World Oil) – Aramco has begun gas production from the first phase of its Jafurah development, marking a major step in Saudi Arabia’s push to scale unconventional resources and expand domestic gas supply. According to Reuters, the milestone was disclosed in the Saudi Ministry of Finance’s
Oil prices hold steady due to stalled Ukraine peace talks and supply outlook
(Investing) – LONDON – Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut. Brent crude was down 7 cents, or 0.1%, to $63.19 per barrel by 1255 GMT. U.S. West Texas Intermediate dipped
