Enbridge pipeline expansion moves ahead despite new U.S. crude oil tariffs. The company is investing $2 billion in Mainline while targeting long-term energy growth
In the News
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The U.S. revoked Chevron’s license to export Venezuela oil, citing a lack of progress on electoral reforms. The move could destabilize oil markets.
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Oil prices hit a six-month low after OPEC+ confirmed a production increase, while U.S. tariffs and geopolitical tensions added market uncertainty.
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Kazakhstan’s crude oil production reached 2.12 million bpd, exceeding its OPEC+ quota, with increased output from the Tengiz oilfield.
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Finland will release the Eagle S tanker, suspected of Baltic cable damage, as authorities continue their investigation into the disruption.
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Turkey is pushing for full-capacity operations on the Iraq-Turkey pipeline, despite ongoing legal and political challenges slowing down oil exports.
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GovernmentIn the NewsMarketsOil & Gas
Oil Prices Rise 2% After U.S. Revokes Chevron’s Venezuela License
Oil prices rise 2% after the U.S. revokes Chevron’s Venezuela license, sparking supply concerns as OPEC+ weighs its next move in a volatile market
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Pemex reports a $9.1 billion loss as crude production declines and debt remains a major challenge. The company seeks recovery strategies amid financial strain.
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Expand Energy plans to increase natural gas production, investing $2.7 billion as LNG demand grows and U.S. energy markets shift.
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Canada is pushing for new oil pipelines to reduce dependence on U.S. refineries amid looming Trump tariffs, but regulatory and financial hurdles remain.