Wednesday 6 November: Rystad Energy’s oil market update
Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.
Browse the latest business news news and articles.
Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.
Reuters has reported that the difference in prices for US shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on the Gulf Coast, pricing data showed.
The newly-inaugurated project cost US$710 million, with US$540 million financed by the World Bank and the Development Bank of Latin America and the Caribbean, says Reuters.
The US Energy Information Administration has reported that US exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million t in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the US Census Bureau.
Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output.
WhiteWater has reached a final investment decision to move forward with the construction of the Pelican Pipeline after having secured sufficient firm transportation agreements with shippers.
Company targeting numerous strategic hires and partnerships to build on and accelerate existing low-carbon activities.
As a leading trade body for the UK offshore energy sector, OEUK CEO David Whitehouse, has responded to the Autumn Budget.
ONEOK, Inc. has announced the successful completion of its acquisition of Medallion Midstream from Global Infrastructure Partners, for a total cash consideration of approximately US$2.6 billion.
Terry Allan, CEO of nexos - a UK engineering, procurement and construction (EPC) provider across oil and gas and new energy sources, responds to the UK Autumn Statement.
Following the Autumn Budget, George Morrison, CEO of Aquaterra Energy commented "The government’s commitment to 11 new green hydrogen projects and £22 billion for CCS is a promising nod toward the future of the UK energy sector."
Beatrice Barleon, Head of Policy and Public Affairs, EngineeringUK, responds to the UK's Autumn Budget and looks forward to supporting the Government with the development of key growth-driving industries, many of which depend heavily upon the supply of skilled engineers and technologists.