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Japan Moves to Shield Consumers from Soaring Gasoline Prices

OilPrice

Japan’s government will implement measures to ensure that the Israel-Iran conflict and potential escalation wouldn’t result in major spikes in gasoline prices in one of Asia’s most oil-import dependent large economies. More than 90% of the crude oil Japan imports comes from the Middle East.

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Alberta Premier says province working on proposal for new crude oil pipeline to Port of Prince Rupert

BOE Report

Alberta Premier Danielle Smith said on Wednesday the province is working to present Canadian Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia.

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OPEC tensions build as Kazakhstan’s oil production hits all-time high

Oil & Gas 360º

(Oil Price) – Kazakhstan’s crude oil output jumped 7.5% Total oil and condensate production rose to 2.15 Chevron began a $48 billion expansion at Tengiz earlier this year, which has helped fuel Kazakhstan’s rapid supply growth despite a weak global oil price environment. in June to 1.88 million in May.

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Oil Prices Slip Despite U.S.-China Talks

OilPrice

Crude oil prices moved lower earlier today even after the latest round of talks between the United States and China on trade yielded positive results, as traders adopted a wary stance on the news. At the time of writing, Brent crude was trading at $66.82 At the time of writing, Brent crude was trading at $66.82

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Nigeria Urges Firms to Boost Oil Output to OPEC Quota

OilPrice

Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8

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Asia Buys the Dip in Oil

OilPrice

Asias economies are more vulnerable to external trade shocks than other regions, but they would find low oil prices a boon to their government finances at times of heightened global economic uncertainty. The crude import bills are dropping, and they are already pushing oil import levels in major Asian

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Canada’s Trans Mountain Pipeline Could Boost Capacity by 2027

OilPrice

The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S.

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