TC Energy's NGTL gas pipeline system in the western Canadian province of Alberta has resumed normal operations after a rupture last week prompted the company to reduce pressure on a segment of the line, TC said in a statement on Monday.
INTERNATIONAL Feed Atom
Global benchmark Brent crude oil futures traded 80 cents or 0.9% higher at $87.80 a barrel by 0847 GMT, while U.S. West Texas Intermediate crude futures also gained 71 cents or 0.9% to $82.61 a barrel.
Brent futures were down 55 cents to $86.74 a barrel by 1020 GMT.The front-month U.S. West Texas Intermediate (WTI) crude contract for May , which expires on Monday, fell 33 cents to $82.81 a barrel in tepid trade.
Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.
Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.
Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.
The expansion of Canada’s Trans Mountain oil pipeline is nearly ready for action after years of delays and billions of dollars in cost overruns.
Russia became the top oil supplier to India during the fiscal year 2023/24 for a second year in a row, squeezing the market share of Middle Eastern and OPEC producers to historic lows, ship tracking data from industry sources showed.
Brent futures were down 48 cents, or 0.6%, at $86.63 a barrel by 1155 GMT. The most active U.S. West Texas Intermediate contract was down 38 cents, or 0.5%, to $82.35.
India's crude oil imports remained flat in the fiscal year 2023/2024 ended March 31, but the import bill of the world's third-largest oil importer fell by almost 16% due to lower oil prices and record-high imports of cheaper Russian crude.
Venezuela plans to continue business with foreign firms, including PDVSA joint venture partners, even after the expiration of a U.S. license allowing free crude export.
Brent futures were down 60 cents, or 0.7%, at $86.69 a barrel, while U.S. crude futures traded 53 cents lower, or 0.6%, at $82.16 a barrel at 1135 GMT. Both were down for a fourth straight session.
House Speaker Mike Johnson’s national security supplemental legislation released Wednesday includes new sanctions to prevent Iran from selling its oil.
Canada will provide up to C$5 billion ($3.6 billion) in loan guarantees to help Indigenous groups invest in natural resource projects, the Liberal government said in its annual budget on Tuesday.
Brent futures for June were down $1.21, or 1.3%, to $88.81 a barrel at 1330 GMT, while U.S. crude futures for May were down $1.11, or 1.3%, to $84.25 a barrel. Both were on track for their biggest fall since March 20 if losses hold.
Shares of Jio Financial Services rose as much as 5% on Tuesday, a day after the company entered into a new joint venture with BlackRock to set up a wealth management and broking business in India.
Brent futures for June delivery fell 33 cents, or 0.4%, to $89.77 a barrel by 1140 GMT. U.S. crude for May slipped 38 cents, or 0.4%, to $85.03.
Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, reducing capacity idled by the attacks to about 10% from almost 14% at the end of March, Reuters calculations showed.
Brent futures for June delivery fell 70 cents, or about 0.8%, to $89.75 a barrel by 1133 GMT while West Texas Intermediate (WTI) futures for May delivery were down 74 cents, or about 0.9%, at $84.92.
