The Kinder Morgan pipeline and Pacific salmon: Red fish, black gold

By Sarah L. Alderman, Research Associate in Environmental Physiology, University of Guelph. Sockeye salmon need strong hearts to migrate long distances. An oil spill could hurt their survival. (AP Photo/Gary Stewart, File) Amid continued controversy, Kinder Morgan is poised to break ground on its $7.4 billion Trans Mountain Expansion Project. When the pipeline is complete, it… Please follow and like us:

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2nd line of China-Russia oil link starts

The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China’s energy supply and ensuring its energy security, according to China National Petroleum Corp, the country’s biggest oil producer. With an annual capacity of 15 million metric tons, the project is expected to double China’s annual imports of Russian… Please follow and like us:

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Crude Oil Price Hits May 2015 High At $67 Per Barrel

Oil price wednesday hit $67 per barrel for the first time since May 2015, before dropping to $66.27 despite the supply disruptions in Libya and the North Sea. The prices of both crude futures fell after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of… Please follow and like us:

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OPEC Decides Nigeria’s Oil Output Today

The Organisation of the petroleum exporting Countries (OPEC) will today debate on whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest. Two sources with knowledge of the matter told LEADERSHIP that the 14-member OPEC will meet today to decide whether to… Please follow and like us:

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Crude Oil Suffers Setback As More Traders Opt for U.S. Blend

Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite, frequently opting for United State (U.S) crude oil, the Organisation of the Petroleum Exporting Countries (OPEC) has said. Besides, Nigeria’s crude oil production declined by 54,200 barrels per day (bpd) from the 1.792bpd… Please follow and like us:

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As Oil Prices Rise Again [editorial]

On Tuesday last week, crude oil prices rose to about $61 per barrel in the international market, its highest since July 2015. There are indications that it rise to $70 and above in the next few weeks. This development is attributed to tightening market due to on-going OPEC-led efforts to cut supplies. The oil production cut… Please follow and like us:

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Crude Oil Price Rises Towards U.S.$59 Per Barrel

Crude oil price rose towards $59 per barrel Wednesday to sustain Tuesday’s rallies where it gained one per cent after the Saudi Energy Minister, Khalid al-Falih, said the focus remained on reducing oil stocks in industrialised countries to their five-year average. The minister’s statement had raised the prospect of prolonged output restraint once the supply-cutting pact… Please follow and like us:

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Crude Oil Prices Drop By Nearly 2 Percent

Oil prices fell yesterday by nearly two per cent, pulling back from last week’s rally built on signs the global market is starting to rebalance from chronic oversupply. Global benchmark, Brent crude futures lost two per cent, or $1.07, at $51.65 per barrel after surging more than three per cent on Friday. US West Texas Intermediate… Please follow and like us:

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OPEC Predicts Higher Demand for Oil in 2018

The Organisation of Petroleum Exporting Countries (OPEC) has predicted a higher demand for its crude oil in 2018, citing rising global demand, and pointing to strong indications that the glut in the oil market is easing. In its monthly Oil Market Report (OMR) released thursday, the cartel pointed to signs of a stronger oil market that… Please follow and like us:

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U.S. Energy Renaissance, RFS And Needed Reform

At the very top of EPA’s Renewable Fuel Standard website, you’ll find this description of the program devised by Washington in 2005 and expanded in 2007: Congress created the renewable fuel standard (RFS) program to reduce greenhouse gas emissions and expand the nation’s renewable fuels sector while reducing reliance on imported oil. No question, the RFS… Please follow and like us:

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Crude Oil Price Inches Up to $49 As U.S. Drilling Declines

Crude oil price on Monday edged up to about $49 per barrel after fewer drilling rigs were added in the United States, thus easing concerns that surging shale supplies will undermine the efforts by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC to reduce the level of inventory in the oil market. While the Brent… Please follow and like us:

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TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.14.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.14.17 A DAILY SOCIAL TRADING EVEN BUZ INVESTORS MAJOR CURRENCY PAIR 6.14.17 This morning, the greenback is trading higher against most of the major currencies, amid rising expectations of the Federal Reserve’s (Fed) interest rate hike as the central bank is scheduled to announce its monetary policy decision in… Please follow and like us:

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One man’s decision could negate the entirety of the OPEC production cuts

Much has been made in the energy markets lately of the intentions of OPEC, whether the extension of the production cuts will have the desired effect upon oil stocks, and the markets reaction. What hasn’t been discussed however, is that if the production cuts were effective one man could decide to restore oil stock to record… Please follow and like us:

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Will Oil Stocks Breaks Above Medium-Term Resistance Line?

Based on Oil Investent Update originally published on May 11, 2017, 3:29 PM In recent weeks crude oil came back below the barrier of $50, which triggered declines and resulted in a drop to almost six-month lows. Despite this move, oil bulls pushed the commodity higher, which resulted in an invalidation of the breakdowns under important… Please follow and like us:

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Obamacare replacement bill, French elections bugging stocks

WASHINGTON, May 4, 2017 – Drum roll, please. House Republicans seem to think they have the votes Thursday to pass their latest version of “Obamacare Repeal and Replace,” whatever that means these days. The problem with dismantling this overreaching legislative debacle, put in place years ago exclusively by Democrats, is the original Obamacare’s complexity and deliberate… Please follow and like us:

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