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As the U.S. tariff threats have prompted Canada to seek alternative export markets for its oil and gas, even the province of Quebec in eastern Canada—which ditched an LNG export plan four years ago—is entertaining the idea once again. While an LNG project on Canada’s West Coast is close to …

Finance ministers and central bank governors from the Group of Seven democracies agreed during a meeting in western Canada that Russia could face further sanctions if it resists a push toward a cease-fire in its war in Ukraine. The G7 finance chiefs condemned Russia’s “brutal war” in a communique on …

Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, underlined the continued importance of natural gas in the global energy mix during a leadership dialogue at the World Gas Conference (WGC) in Beijing, Trend reports. Speaking at the event, Minister Al-Kaabi said that economic …

Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices. Aramco is the world’s largest oil-producing company and the main source of Saudi state revenue. The firm …

Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstan’s Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. Earlier this year, Kazakhstan’s energy ministry said that the country plans to produce a total …

While the federal government of Iraq welcomes cooperation with U.S. energy firms, Baghdad noted on Friday that direct deals with the semi-autonomous Kurdistan region violate the Iraqi constitution and need to go through the federal authorities with federal approval. Earlier this week, the Kurdistan Regional Government (KRG) in northern Iraq …

The U.S. Administration wants the EU to make unilateral cuts to its tariffs on American goods and abolish a proposed digital tax for trade negotiations to advance, sources briefed on the U.S. trade negotiators’ latest stance have told the Financial Times. The U.S. hit the EU with a 20% ‘reciprocal’ …

Ukraine is urging the G7 to slash the price cap on Russian oil to $30 per barrel, down from the current $60, in a bid to tighten the financial screws on the Kremlin as its war drags into a third year. Foreign Minister Andriy Sybiha made the case in Brussels …

Kazakhstan’s oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi Arabia’s patience with overproducers. According to an industry source cited by Reuters, the country pumped an average of 1.86 million barrels per day (bpd) of crude in the first 19 days of …

U.S. shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at prices in the $50s, ConocoPhillips chairman and CEO Ryan Lance said at the Qatar Economic Forum on Tuesday. “The breakeven probably hasn’t moved a lot,” Lance said in Doha, commenting …