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The Trans Mountain Pipeline from oil-rich Alberta to Vancouver will open up Asian and U.S. markets to Canadian producers. The case for Cenovus Energy.
World oil demand is expected to grow lesser this year than earlier estimates and output should grow faster than thought previously, resulting in a more balanced market, the U.S. Energy Information Administration (EIA) said on Tuesday.
Higher crude prices can put upward pressure on prices for consumers at the gas pump, including during the peak summer-driving season that kicks off on Memorial Day weekend.
Israel started its operation against Hamas in Rafah, but oil markets were calm.
Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.
Oil futures edged lower early Tuesday after news reports said Russian Deputy Prime Minister Alexander Novak indicated OPEC+ could move to raise crude production.
The crude oil market is poised for continued volatility, influenced largely by the fluid situation in the Middle East.
After a rough couple of years, exchange-traded funds (ETFs) tied to clean energy generation and distribution are starting to outperform investor vehicles centred on oil and gas exploration and production.
The United States sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, the U.S. Treasury Department's top sanctions official said on Tuesday.
Affiliates of Vietnam's state oil firm PetroVietnam have made two new oil findings with combined initial reserves of 100.5 million barrels of crude oil, its exploration and production arm PVEP said on Tuesday.