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Light, sweet crude oil prices fell by more than $1/bbl on the New York market June 1 while the Brent contract for August delivery fell nearly 80¢/bbl. Analysts attributed the price drops to increased US oil production.

Western oil men well know that Russian petroleum taxes are quite heavy and generally not profit-related. But what are the specifics behind those taxes?

European governments must resist letting controversial proposed projects such as the Nord Stream 2 natural gas pipeline keep them from developing a unified strategy to prevent Russian energy interventions, speakers agreed at a May 24 Atlantic Council forum.

Kinder Morgan Canada Ltd. has reached an agreement with the Canadian government to sell the Trans Mountain Expansion Project (TMEP). Canada will purchase the crude transportation project and the pipeline and terminal assets constituting the existing Trans Mountain pipeline for $4.5 billion in a transaction expected to close in August and intended to ensure TMEP’s timely completion.

Countries seeking ways to increase access to energy should view hydraulic fracturing cautiously because of possible gaps in local geological and hydrological knowledge, inadequate regulatory environments, and diversion of resources from renewable energy source, a United Nations Conference on Trade and Development report recommended.

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