Oil prices eased on Thursday after gains in previous sessions, as attention turned to expectations of weaker global oil demand this year, while there was no progress on opening the vital Strait of Hormuz. Brent futures slipped 42 cents, or 0.47%, to $88.56 a barrel by 0405 GMT. U.S., trimming gains made over the previous six sessions. West Texas Intermediate (WTI) crude fell 55 cents, or 0.66%, to $82.72, after advancing over the past five sessions. A senior Iranian source said on [Read more]
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Prairie Provident Resources Announces Second Quarter 2026 Results
CALGARY, Alberta, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces its financial and operating results for the second quarter of 2026. The Company’s interim financial statements for the three and six months ended June 30, 2026, and related Management’s Discussion and Analysis (“MD&A”) are available on the Company’s website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. Q2 2026 REVIEW AND UPDATE [Read more]
Pine Cliff Energy Ltd. Announces Second Quarter 2026 Results, and Capex Guidance Update
Calgary, Alberta--(Newsfile Corp. - August 12, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its second quarter 2026 financial and operating results, and an update to its capex guidance for 2026. Second Quarter 2026 Summary Highlights Generated $5.9 million ($0.02 per basic and fully diluted share) and $15.5 million ($0.04 per basic and fully diluted share) of adjusted funds flow1 for the three and six months ended June 30, 2026, [Read more]
Journey Announces Disposition of Assets
Calgary, Alberta--(Newsfile Corp. - August 12, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce it has entered into a definitive agreement to sell certain Northwest Alberta assets. Journey has entered into a definitive agreement with a private company for the disposition of certain Northwest Assets (the "Assets") for total cash consideration of $28 million, subject to customary closing adjustments. The Assets include the Ante Creek [Read more]
Birchcliff Energy Ltd. Announces Strong Q2 2026 Results, Increased 2026 Production Guidance and New Malin Natural Gas Market Diversification
CALGARY, Alberta, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2026 financial and operational results, updated 2026 guidance and the addition of the Malin hub to its natural gas marketing portfolio. Birchcliff is also pleased to announce that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.03 per common share for the quarter ending September 30, 2026. HIGHLIGHTS Q2 [Read more]
Chevron Announces Leadership Changes
• Navin Mahajan to retire after nearly 30 years with the company • Uriel "Ose” Oseguera named Treasurer of Chevron HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the election of Uriel "Ose" Oseguera as Treasurer, effective November 1, 2026. Oseguera succeeds Navin Mahajan, who will retire from Chevron after nearly 30 years of service. As Treasurer, Oseguera will lead Chevron's treasury organization, including capital markets, corporate finance, insurance, credit [Read more]
US Gulf of Mexico oil and gas lease sale attracts $82.7 million in high bids
The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December. The Trump administration offered more than 80 million acres (32.4 million hectares) in the Gulf of Mexico to drillers as part of an effort to boost domestic energy production with regular offshore lease sales. The sale is the second since the U.S.-Israeli war with [Read more]
US crude stocks see largest weekly rise in 3.5 years, EIA says
U.S. crude stocks excluding barrels in the Strategic Petroleum Reserve posted a surprise build and made their largest weekly gain since January 2023 last week as exports slumped, the Energy Information Administration said on Wednesday. Crude inventories rose by 17.4 million barrels to 424.4 million barrels in the week ended August 7, their highest level since June 5, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel draw. Crude stocks at the [Read more]
Trump says US has ‘total control’ over Strait of Hormuz
U.S. President Donald Trump on Wednesday said the United States in is control of the Strait of Hormuz. "The U.S.A. has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! Our Naval Blockade is being called, by everyone, “A WALL OF STEEL,” and there is nothing Iran can do about it," he wrote on his Truth Social platform. (Reporting by David Ljunggren and Ryan Patrick Jones; Editing by Caitlin Webber) [Read more]
OPEC further lowers 2026 global oil demand growth forecast
(Changes sourcing to report on OPEC's website in paragraph 3) LONDON, Aug 12 - OPEC on Wednesday lowered its forecast for world oil demand growth in 2026 to 580,000 barrels per day, a copy of its monthly report showed, marking the fourth straight downward revision. The producer group continues to see a smaller impact on consumption since the Iran war started than other forecasters such as the International Energy Agency, which expects demand to decline in 2026. The Organization of the [Read more]
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