OilAuthorityInc

Oil Authority an international oil & gas network providing accurate information to the world. Add your company to the business directory.

[OilAuthorityInc @OilAuthorityInc]

Safe to say oil & gas has taken off in the past month 😂

[OilAuthorityInc @OilAuthorityInc]

Big infrastructure investment to Alberta's southern route to twin TMX from Bruderheim to the west coast. https://t.co/u0bibfdPBc

[Financial Times @FT]

FT exclusive: Russia is planning to halt the flow of Kazakh oil to Germany, threatening a refinery that supplies 90% of the petrol, kerosene and heating fuel to the German capital, its airport and surrounding region https://t.co/TpxuZiNgJu

[The Globe and Mail @globeandmail]

Former advisor John Bolton said U.S. President Donald Trump began his social media campaign about annexing Canada because he enjoyed “trolling” former prime minister Justin Trudeau.

Follow for more updates from The Globe's Intersect conference: https://t.co/i8wPCFirsO

[Vancouver Island Guy 🌊 @VanIsleInvestor]

Canada Nat Gas losing between $7 to $20 Billion a year due to limited capacity.

Quite the business case for ramping up LNG in Canada to allies across the world who desperately want it.

[Josh Young @JoshYoung]

This is not how the futures market works. Backwardation signals an undersupplied market, not necessarily lower oil prices in the future.

[Qasem Al-Ali @AlaliQasem]

The world uses 100 million barrels of oil per day.
Right now, 15–20 million of them are missing.
That gap is larger than the entire daily oil consumption of the United States.
And you haven’t felt it yet. Here’s why 👇

[CAPP Oil Gas Canada @OilGasCanada]

The Peace region's natural gas sector is a powerhouse for the B.C. economy, supporting ~68,000 direct jobs in 2024. As @fsjchamber hosts the Creating Energy Conference, we're reminded that policies supporting #EnergyAddition and global competitiveness are what will secure this prosperity for decades.

Dive into the numbers here: https://t.co/kRt8ZrcEqh

[OilAuthorityInc @OilAuthorityInc]

"Heavy polluting" Alberta oilsands via @business.

"Through Bloomberg Philanthropies, he has spent over $1 billion on campaigns to phase out oil, gas, and coal." @business lacks objectivity in energy news.

[Bloomberg @business]

Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia https://t.co/NLlV4eUiC7

[Jim Bianco @biancoresearch]

How can dozens of ships defeat the US Blockade, as the FT repost below says is happening?

The map shows how a tanker can travel from Kharg Island to Mumbai while remaining within the territorial waters of Pakistan and India.

The US Blockade Rules and UNCLOS (UN Law of the Sea) give ships the right of innocent passage through a coastal state’s territorial sea, and it is the coastal state that will regulate that passage.

Once in Pakistani or Indian waters, they can transfer their cargo or continue without entering international waters.

@mercoglianos @johnkonrad

[Jack Prandelli @jackprandelli]

The CEO of the world's largest oil trader just put a number on it.

Russell Hardy Vitol's CEO :
4 million barrels per day of demand already destroyed.

600-700 million barrels of supply lost or delayed.

Potentially toward 1 BILLION before Hormuz normalizes.
Let that land.
1 billion barrels.

🔻 Refiners running softer
🔻 Cargoes delayed globally
🔻 Buyers switching fuels entirely
🔻 IEA: demand down 1.5M b/d Q2 worst since COVID
🔻 refineries damaged

And crude oil barely moved.

Because 4M b/d of demand destruction is offsetting the supply shock.

2 massive forces... Cancelling each other out.

While the real damage builds underneath.

This is exactly what I've been tracking:
The risk didn't disappear.

It migrated from crude → crack spreads → downstream margins.

$1.83 invested in clean energy for every fossil fuel dollar.

A decade of underinvestment.

Now 700 million barrels gone.

The world built a system with no buffer.

Vitol just told you how much it's cost so far.

The trade hiding in plain sight is in my latest article 👇
https://t.co/1Z1kz7UFvH

[OilAuthorityInc @OilAuthorityInc]

LNG on average reduces GHG emissions by about 30% over coal which is why provinces like AB transitioned to LNG. The world needs our resources.

[TC Energy @TCEnergy]

Canada has a rare opportunity to reduce global emissions far beyond our borders—and we’re already doing it.

Asia’s coal use is up 20% in a decade and now represents 80% of global consumption. Displacing just 20% with natural gas could cut 680M tonnes of emissions annually—equal to Canada’s total.

Coastal GasLink is delivering natural gas for LNG exports, helping to displace higher emission coal-fired power in Asia.

[OilAuthorityInc @OilAuthorityInc]

Remember this?

[Rory Johnston @Rory_Johnston]

A brief history of presidential oil price jawbones through the Hormuz crisis.

Feel free to add your favourites below.

[OilAuthorityInc @OilAuthorityInc]

@ChrisLaBossiere Vote for republicans if you want $300 barrels. Nobody in the energy industry wants that. Everyone knows basic economics with supply and demand.

[OilAuthorityInc @OilAuthorityInc]

@ExnerPirot Why is it an issue?

[International Energy Agency @IEA]

🗣️ "Asia & Southeast Asia are more exposed than other regions to disruptions in the Strait of Hormuz, and therefore the crisis is being felt more immediately & intensely across the region"

@IEA's Sue-Ern Tan in our latest Everything Energy podcast 👉 https://t.co/kG7Ed6XfHc

[Giovanni Staunovo🛢 @staunovo]

By virtue of the authority vested in me as President of the United States of America (the “President”), I hereby grant this Presidential permit, subject to the conditions herein set forth to Enbridge Energy Company, Inc. (the “permittee”). The permittee is a company formed under the laws of the State of Delaware and is a subsidiary of Enbridge Inc., a corporation organized under the laws of Canada. Permission is hereby granted to the permittee to operate and maintain existing pipeline Border facilities, as described herein, at the international border of the United States and Canada in St. Clair County, Michigan between the cities of Port Huron and Marysville, Michigan, for the transport between the United States and Canada of crude oil and petroleum products of every description, refined or unrefined (inclusive of, but not limited to, naphtha, liquefied petroleum gas, natural gas liquids, jet fuel, gasoline, kerosene, and diesel), but not including natural gas subject to section 3 of the Natural Gas Act, as amended (15 U.S.C. 717b).
#oott https://t.co/YYcjQlNsgX

[OilAuthorityInc @OilAuthorityInc]

Well done @MarkJCarney @ABDanielleSmith and @WabKinew https://t.co/CXWbiG8mNV

[OilAuthorityInc @OilAuthorityInc]

@CanadianNatural Keep ups posted :)

[Tim Hodgson @timhodgsonmt]

We’re getting things built in this country again by making permitting easier. 

Today, we finalized a One Project, One Review with Manitoba. This agreement will make building in Manitoba easier, strengthen our economy, and centre partnership with Indigenous Peoples. 

That’s how we’re making Canada into an energy superpower⚡️👷

https://t.co/ak1LugxT2k