News

Crude Oil

Canada-To-US Oil Pipelines Restart After Weather Disruptions

Enbridge, TransCanada pipes carry a combined 1.8 million bbl/d.

Reuters

LNG

US LNG Developer Tellurian Strikes Initial Offtake Deal With Vitol

The memorandum of understanding with Vitol is Tellurian's first preliminary offtake deal for its Driftwood LNG export project on the U.S. Gulf Coast.

Reuters

Crude Oil

EIA: US Turns Into Net Oil Exporter As Imports Fall

The EIA reported crude oil inventories fell 7.3 million barrels in the week to Nov. 30, which was the first drop in U.S. crude stocks since September and came as exports surged to a record.

Reuters

Regulation

British Columbia Details Plan To Shift Homes, Cars To Clean Energy

Plan would cut emissions by 40% by 2030.

Reuters

Crude Oil

OPEC Agrees To Tentative Oil Cut, Waits For Russia To Commit

OPEC tentatively agreed an oil-output cut on Dec. 6 but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.

Reuters

Crude Oil

UPDATED: OPEC Oil Cuts At Risk As Russia Yet To Commit

OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Dec. 6.

Reuters

Crude Oil

Oil Tumbles 5% After OPEC Hints At Smaller Output Cut

Oil lost nearly 5% on Dec. 6 after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.

Reuters

Construction

Wood Announces Deal To Build W. Texas Pipeline

Large-cap midstream operator contracts for 80-mile pipe.

Crude Oil

Two Key Canada-To-US Oil Pipelines Hit By Disruptions

Weather-induced power outages hit Enbridge Mainline system and TransCanada’s Keystone pipeline.

Reuters

Crude Oil

Trump Urges Producers To Keep Oil Flowing Ahead Of OPEC Meeting

U.S. President Donald Trump on Dec. 5 called on OPEC and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.

Reuters

Regulation

Energy Secretary Perry To Visit Saudi Arabia, Qatar

U.S. Energy Secretary Rick Perry said on Dec. 4 he would soon visit Qatar and Saudi Arabia, a trip expected to occur after this week’s meeting of OPEC.

Reuters

Acquisitions & Divestitures

Enbridge Adds Dry Powder With Sale Of Enbridge Gas New Brunswick

Enbridge agreed to sell its Enbridge Gas New Brunswick business, which analysts said will add dry powder to the Calgary, Alberta-based company’s balance sheet.

Emily Patsy

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