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News
Federal Industry Minister Joly tight-lipped on leveraging Alberta energy with U.S.
3+ hour, 9+ min ago (196+ words) CALGARY – Canada’s industry minister is deflecting questions about whether the country will use Alberta’s abundant energy exports as leverage in the tense trade war with the United States. Mélanie Joly, pressed by reporters in Calgary over whether oil and gas…...
US crude stocks rise, gasoline and distillate inventories fall??? EIA
5+ hour, 45+ min ago (226+ words) August 26, 20268:50 AM Reuters0 Comments Crude inventories rose by 95,000 barrels to 428.9 million barrels in the week ended August 21, the EIA said, compared with analysts’ expectations in a Reuters poll for a 597,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub rose…...
Iran war sinks into energy trench warfare six months on: Bousso
9+ hour, 28+ min ago (158+ words) Market buffers that cushioned the initial energy shock are now largely exhausted – a worrying sign. This risk might be expected to spur the Trump administration to resolve the crisis by either doubling down or retreating entirely. Yet the intractability of…...
Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on
22+ hour, 17+ min ago (356+ words) BOE Report Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on An oil tanker was struck on Tuesday by an unidentified projectile and disabled about 9 nautical miles (17 km) northeast of Oman’s Ash Shishah, which lies at…...
World braces as Trump???s Canada tariff stand-off escalates: McGeever
1+ day, 6+ hour ago (129+ words) August 25, 20269:00 AM Reuters0 Comments But the bigger risk for the world economy is the possible regional impact. The U.S.-Canada spat could also send a message to other U.S. trade partners. While Carney has come out fighting and is seemingly prepared to defend…...
China says its cooperation with Iran should not be disrupted
1+ day, 9+ hour ago (121+ words) BOE Report China’s cooperation with Iran is conducted within the framework of international law and should not be interfered with or disrupted, a foreign ministry spokesperson said on Tuesday when asked about new U.S. sanctions related to Iran. China is…...
AB Focused Sweet Light Oil Opportunity Looking for Sale or Farmouts
2+ day, 1+ hour ago (143+ words) August 25, 20266:58 AM Sponsored Content Stacked Plays: Banff, Detrital, Crinoidal Banff and Basal Quartz We are planning to drill 4 or more wells with a capital budget of $15 million and open to farm-out/sale of Paragon. The current capital program for the…...
Canada-U.S. trade tensions continue to escalate as Trump team defends tariffs
1+ day, 23+ hour ago (685+ words) WASHINGTON – Members of the Trump administration on Monday fanned across cable news stations and in front of crowds of loyal supporters to make the case for Donald Trump’s latest tariffs on Canada as the president himself moved to escalate the…...
The Hormuz crude volume debate masks the real shortage of refined fuels: Russell
2+ day, 9+ hour ago (701+ words) August 24, 20266:00 AM Reuters0 Comments U.S. Energy Secretary Chris Wright has repeatedly claimed that much more crude is getting through the disputed strait than vessel-tracking analysts such as Kpler can see. One of Wright’s claims was that about 15 million barrels per day (bpd)…...
Oil stocks in US Strategic Petroleum Reserve fall by 3.7 million barrels to lowest level since 1982
2+ day, 4+ hour ago (50+ words) BOE Report The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Noel John in Bengaluru) E-mail (for follow-up if needed) What kind of error?...