The European Union is considering a faster phase-out of Russian fossil fuels as part of new sanctions against Moscow, European Commission chief Ursula von der Leyen said on Wednesday, following U.S. pressure to stop buying Russian oil. EU officials are currently in Washington to discuss coordination on new Russia sanctions with the administration of U.S. President Donald Trump. Trump, seeking to end Russia's war with Ukraine, told European leaders last week to stop buying oil from Russia, [Read more]
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How united is the ‘autocratic alliance’ challenging the West?
Beyond the bonhomie of Xi Jinping's unprecedented meeting with Vladimir Putin and Kim Jong Un last week, there are limits to what the European Union described as an "autocratic alliance" defying the West, diplomats, lawmakers and analysts said. While the gathering at China's Sept. 3 military parade sparked concern among some world leaders that they were bearing witness to an important geopolitical shift, Beijing, Moscow and Pyongyang are far from forming a cohesive bloc, the sources [Read more]
World natural gas demand on track to hit record high in 2025, says IGU report
Global natural gas demand is on track to climb by around 1.7% in 2025 after hitting a record high in 2024 as consumers around the world keep using more of the fuel for power generation, transportation and industry, according to the 2025 Global Gas Report released on Wednesday by the International Gas Union industry trade group and Italian gas pipeline company Snam. The report projected global gas demand would rise about 71 billion cubic meters in 2025 to around 4,193 bcm after climbing 78 [Read more]
Oil prices rise after Israeli attack on Qatar, Trump’s Russia tariff push
Oil prices rose on Wednesday after Israel attacked Hamas leadership in Qatar and U.S. President Donald Trump asked Europe to impose tariffs on buyers of Russian oil buyers, though a weak market outlook capped further gains. Brent crude futures were up 61 cents, or 0.92%, at$67 a barrel, as of 0620 GMT, and U.S. West Texas Intermediate crude futures gained 61 cents, or 0.97%, to $63.24 a barrel. "The current uptick in oil prices has been primarily attributed to an increase in geopolitical [Read more]
Europe’s next big challenge is closing its energy security divide: Vladimirov
Nearly four years after Europe’s energy crisis erupted in late 2021, the continent has moved from emergency response to system redesign. But the European Union is not out of the woods. Deep vulnerabilities persist, and progress toward clean, secure and affordable supply is highly uneven across the continent. The Energy and Climate Security Risk Index (ECSRI), developed by the Center for the Study of Democracy (CSD), measures energy security across four pillars: geopolitics, affordability, [Read more]
Exxon expects EU to sign long-term US gas deals, FT reports
ExxonMobil expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday. The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part of a sweeping trade pact with Washington. The EU declined to comment to Reuters. Peter Clarke, senior vice president of Exxon's liquefied natural gas business, told the FT that Europe's expanding LNG infrastructure made it "logical" [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Sep. 5 3rd/4th Year Apprentice Electrician Strike Group Calgary Sep. 5 Journeyperson Electrician Strike Group Calgary Sep. 5 COILED TUBING HYDRAULIC MECHANIC [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Tuesday. WCS for October delivery in Hardisty, Alberta, settled at $11.20 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.40 a barrel discount on Monday. * Tuesday's close was the narrowest discount for WCS since late July. Discounts widened in August due in part to the shutdown of BP's 440,000-barrel-per-day refinery in Whiting, Indiana, which [Read more]
Alberta’s Premier Smith to meet Prime Minister Carney in Edmonton, repeat her demands
EDMONTON - Alberta Premier Danielle Smith is expected to reiterate her policy demands face-to-face with Prime Minister Mark Carney Wednesday while he's in Edmonton to meet with his Liberal caucus. Smith, on her weekend call-in radio show, says she's looking for "real movement" on nine federal policies she says have "pummeled" Alberta's economy and wellspring oil and gas industry. Her wish list includes scrapping the greenhouse gas emissions cap and re-writing Bill C-69, long labelled the "no [Read more]
US natgas output, demand to hit record highs in 2025 before sliding in 2026, EIA says
U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected that dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 106.6 bcfd in 2025 before sliding to 106.0 bcfd in 2026. That compares with a record 103.6 bcfd in 2023. The agency also projected that domestic gas consumption would rise from a record 90.5 bcfd in 2024 to [Read more]
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