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Total SA has started commercial operation of its second solar power plant in Japan, a 25-Mw unit at Miyako on Honshu Island.

Front-month prices for light, sweet oil for July and August delivery fell more than $3 to settle below $54/bbl on the New York market May 31 while Brent prices for the August delivery contract also dropped more than $3 to below $62/bbl amid additional tariff concerns.

US President Donald Trump announced that he would impose a 5-25% tariff on all Mexican goods. There are ways to avoid the tariff on imports of Mexican crude oil, but at this point it is unclear whether those will succeed, according to an analysis from Energy Security Analysis Inc. If not, ESAI says, some refiners will pay more, and some crude will head to Asia.

Herbert S. Vogel, executive vice-president of operations of SM Energy Co., Denver, has been promoted to chief operating officer.

Canadian Natural Resources Ltd. said on May 31 it had suspended about 65,000 b/d of crude oil production in response to wildfires in the Wabasca and Slave Lake areas of Alberta.


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