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Canada

Canada's Suncor on track to exceed 2024 oil production, refinery guidance

Canada's Suncor Energy could exceed its 2024 guidance on oil production and refinery throughput.

Canada's crude oil has an increasingly significant role in U.S. refineries

Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports.

Canada's Trans Mountain Pipeline weighs debt deal ahead of potential sale

Oil pipeline operator Trans Mountain plans to borrow in the bond market to refinance some of its outstanding debt before the Canadian government eventually sells it.

Canadian crude exports from U.S. Gulf Coast fall only slightly despite TMX startup

About 150,000 bpd of Canadian crude were exported from the U.S. Gulf Coast in June, slightly lower than average, despite the expansion of the Trans Mountain pipeline (TMX), which pulled some barrels west to Vancouver.

Abraxas Power awards McDermott ECI contract for Canada's first green ammonia plant

McDermott has been awarded an early contractor involvement (ECI) agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation (EVREC) project located in Central Newfoundland.

Tribunal rejects TC Energy's $15-B claim for Keystone XL

Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 B from the U.S. government for the cancellation of its Keystone XL project.

U.S. imports of Canadian crude hits record high following TMX startup

U.S. imports of crude oil from Canada rose last week to their highest on record, data from the Energy Information Administration (EIA) showed on Wednesday, buoyed by the startup of the newly expanded Trans Mountain (TMX) pipeline.

bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth

bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.

OPEC sticks to 2024 oil demand view, sees strong travel season

OPEC is sticking to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months.

EIA: Global oil market will be in supply deficit next year

Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus.

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