LATEST GEÓPOLITICAL INTEL: GEÓ Insights – Keep Up To Date with the Latest Geopolitics
GEÓ NewsTeam 1 month ago
GEÓ Latest Geopolitical Intel - GEÓ Insights
Keep Up To Date with the Latest Geopolitical Intel
- Trans Mountain Seeks Takers for Additional Capacity
Trans Mountain Corp. is planning to invite oil producers to sign up for more capacity on its recently expanded pipeline, boosting said capacity by some 70,000 barrels daily with the application of drag-reducing substances. Bloomberg reported the news, citing Trans Mountain Corp.’s chief executive, Mark Maki. The capacity boost should take place by the end of 2026 or early 2027, he added. Maki first mentioned the possibility of a further capacity boost to the pipeline earlier this year, when he said that boost could be 75,000 barrels daily,…
- Petrobras Moves Closer to Amazon Oil Production
Brazil’s Petrobras has completed an emergency drill in the Foz do Amazonas basin that will be followed by an official license to begin exploration drilling in the area, which has become the subject of environmental controversy. The large-scale exercise simulates an oil spill to test Petrobras’ readiness for such an eventuality ahead of receiving the official go-ahead for exploration drilling in the area. Petrobras has been trying for years to obtain a license to drill in Foz do Amazonas and the wider region known as the Equatorial Margin,…
- German Gas Traders Turn to Canadian LNG for Swap Deals
German energy traders have developed an interest in Canadian liquefied natural gas to boost supply via swap deals, Canada’s natural resources minister said this week. According to Tim Hodgson, as quoted by CBC, many German companies were interested in trading Canadian LNG on the global market. “They can take advantage of our production on the West Coast to supply German needs in the Atlantic,” by selling the Canadian cargoes on the spot market and buying cheaper LNG to deliver to Germany. The previous government led by Justin…
- Oil Prices Slip on Oversupply Concerns
Oil prices slipped in early Asian trading on Thursday, giving back some of the previous session’s gains as traders prepared for the end of the summer driving season and closely watched trade tensions between the U.S. and India. At the time of writing, West Texas Intermediate (WTI) was down 39 cents, or 0.61%, at $63.76 a barrel, while Brent crude eased 41 cents, or 0.6%, to $67.64. The modest pullback followed a more than 1% rise on Wednesday, wth both benchmarks on course for their biggest monthly loss since April. The latest data from the…
- Brent Near Month High Before Pullback
Energy trading activity remains seasonally thin in the ongoing summer season, with traders turning their focus towards broader macroeconomic news and away from fundamentals. Last week, Federal Reserve Chair Jerome Powell delivered his August speech at Jackson Hole, which reinforced expectations of a 25-basis point cut in interest rates in September. The latest government data revealed that the U.S. labor market has lost momentum while inflation remains elevated. However, commodity experts at Standard Chartered have predicted that downside economic…