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Cushing Storage Hub Constraints Key to Historic WTI Crude Oil Price Collapse
April 23, 2020
Storage constraints at the crucial Cushing storage facility in Oklahoma, US, were pivotal to the price crash of West Texas Intermediate (WTI) crude oil yesterday (April 20). Traders scrambled to offload contracts for the May delivery of WTI, faced with
Sen. Barrasso Calls for Waiving Renewable Volume Obligations for Refineries During COVID-19 Crisis
April 23, 2020
U.S. Sen. John Barrasso (R-WY) voiced his support for waiving Renewable Volume Obligations for refineries due to the severe economic hardship caused by the COVID-19 pandemic It comes after five state governors sent Environmental Protection Agency Administrator Andrew Wheeler a
Trump to Create Strategic Petroleum Reserve Historic Buying Opportunity
April 22, 2020
With oil prices sitting deep in the red for the first time in history, shocking even the most seasoned energy veterans, President Trump plans to turn the financial bloodletting into an opportunity for the United States. “Based on the record
Jordan Cove LNG Developers Seek Several Fixes to FERC Authorizations, Oregon
April 22, 2020
Developers of the Jordan Cove LNG project are objecting to parts of the federal order approving the LNG export terminal in Coos Country, Oregon, and the related 229-mile Pacific Connector pipeline, including one requirement that could affect the timing of
Clean Energy Launches Online Tool to Calculate Costs of Switching from Diesel to Natural Gas Vehicle
April 22, 2020
Clean Energy Fuels has launched an online Cost Calculator that makes it quick and easy to estimate the cost of transitioning an individual vehicle or entire fleet from diesel fuel to natural gas, including the estimated carbon emissions reduction. “There’s
Trans Mountain Pipeline Work Proceeds With COVID-19 Restrictions
April 21, 2020
With half of the 50-km Edmonton-area portion of the Trans Mountain pipeline twinning completed, work is continuing to add 14 storage tanks to its Burnaby terminal and expand the Westridge marine terminal for export of Alberta oil sands crude. Worksite
Canada’s Trudeau Give $2 Billion in Aid to Oil and Gas Sector
April 21, 2020
Canada’s largest oil and gas lobby group says the federal government should consider suspending dozens of environmental regulations, laws and policies due to the economic and public health crisis triggered by the COVID-19 pandemic. The Canadian Association of Petroleum Producers
Canadian Banks Ease Credit Rules for Energy Companies to Stave Off Defaults, Bankruptcies
April 21, 2020
Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest slump ever. Banks
US Trade Body Awards Grant to Accelerate India’s Use of Natural Gas, Improve Energy Access
April 21, 2020
A federal US trade body announced to award a grant to an Indian company to accelerate its use of natural gas and improve energy access to support economic growth. Under the grant, the US Trade and Development Agency (USTDA) will
U.S. Judge Cancels Permit for Keystone XL Pipeline from Canada
April 21, 2020
A U.S. judge canceled a key permit Wednesday for the Keystone XL oil pipeline that’s expected to stretch from Canada to Nebraska, another setback for the disputed project that got underway less than two weeks ago following years of delays.
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