U.S. & International

US decides to limit leasing in Alaska petroleum reserve

Wednesday, April 27, 2022, 6:46 AM MDT

The U.S. Interior Department has issued a decision to limit roughly half the National Petroleum Reserve-Alaska to oil and gas leasing, rolling back a…

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World Bank forecasts elevated commodity prices to remain through end of 2024

Wednesday, April 27, 2022, 6:24 AM MDT

The World Bank says commodity prices that reached historically elevated levels because of the war in Ukraine will remain high…

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Big Oil’s huge Russia writedowns eased by cash from $100 oil

Tuesday, April 26, 2022, 6:52 AM MDT

Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the…

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Morgan Stanley raises oil forecasts by $10 citing market deficit

Tuesday, April 26, 2022, 6:35 AM MDT

Morgan Stanley increased its third- and fourth-quarter price forecasts for global benchmark Brent crude by $10 a barrel due to…

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TC Energy to explore RNG transportation hub in U.S.

Tuesday, April 26, 2022, 6:14 AM MDT

TC Energy Corp. says it will partner with GreenGasUSA to explore development of a network of renewable natural gas (RNG)…

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Sanctions hit Russian economy, although Putin says otherwise

Monday, April 25, 2022, 6:59 AM MDT

Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the…

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China promotes coal in setback for efforts to cut emissions

Monday, April 25, 2022, 6:05 AM MDT

China is promoting coal-fired power as the ruling Communist Party tries to revive a sluggish economy, prompting warnings Beijing is…

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Germany faces recession if Ukraine War leads to energy ban

Friday, April 22, 2022, 7:39 AM MDT

The German economy is at risk of shrinking nearly two per cent this year if the war in Ukraine escalates…

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Schlumberger says Russia isolation spurs drilling elsewhere

Friday, April 22, 2022, 6:39 AM MDT

Schlumberger said Russia’s war on Ukraine is spurring an exploration boom as buyers search for alternative crude supplies. The world’s…

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China energy giants in talks for Shell’s Russian gas stake

Thursday, April 21, 2022, 6:36 AM MDT

China’s key state-run energy companies are in talks with Shell plc to buy its stake in a major Russian gas…

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Long-term gas deals become pricey as world moves to quit Russia

Thursday, April 21, 2022, 6:24 AM MDT

Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort…

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Shell withdraws staff from Russia projects as exit plan begins

Wednesday, April 20, 2022, 6:40 AM MDT

Shell plc started to withdraw staff from its joint ventures with Russia’s Gazprom PJSC as it moves forward with plans…

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