Monday , 20 April 2026

Recent Posts

Oil trading profits soar for energy majors who made storage bets

Bloomberg In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor also filled oil tankers with crude, turning them into floating storage facilities, …

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Canada minister in talks with US on oil pipelines

Bloomberg Canada’s Natural Resources Minister Seamus O’Regan said he’s in talks with the US Secretary of Energy Dan Brouillette about finding a path to move ahead with oil pipeline projects, the Globe & Mail reported. “He’s somebody who’s been in the energy business and with the energy department for quite some time. He does have that understanding so we do …

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FAA says 737s in storage are corroding during pandemic

Bloomberg Boeing Co 737 planes in storage because of the coronavirus pandemic are at risk of losing power in both engines when they fly again and must be inspected, the US Federal Aviation Administration (FAA) said. The emergency order applies to about 2,000 older Next Generation and Classic versions of Boeing’s workhorse single-aisle jet in the US, not the grounded …

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