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U.S. energy firms this week added rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by five to 593 in the week to August 14, its highest since March 2025. Baker Hughes said this week's increase puts the total count up 54 rigs, or 10%, over this time last year. Baker Hughes said oil rigs rose by one to 455 this week, their highest since May 2025, [Read more]

Yemen's Houthis said they targeted an Aramco facility in the Saudi city of Najran with a drone, the group-run SABA news agency reported on Friday, citing a military source. The source said the attack was in response to what it described as Saudi military aircraft violating Yemen's sovereignty by entering airspace over the northeastern part of Saada governorate. There was no immediate confirmation from Saudi authorities or Aramco. It was not immediately clear from the report whether the [Read more]

OTTAWA - Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps. Statistics Canada is set to provide a look at the consumer price index for July on Monday. A Reuters poll of economists expects annual inflation rose a tenth of a point to 2.9 per cent last month. June's progress toward peace between the United States and Iran led to a pullback in global oil prices and inflation cooled accordingly. But the tentative ceasefire buckled in [Read more]

OTTAWA - Statistics Canada says manufacturing sales rose for a fifth straight month in June, helped by gains in the chemical and transportation equipment subsectors. The agency says manufacturing sales rose 0.1 per cent to $78.8 billion in June. The increase came as sales in the chemical subsector increased six per cent to $6.3 billion, while the transportation equipment subsector saw sales gain 2.8 per cent to $12.4 billion. In constant dollars, manufacturing sales rose 1.2 per cent in [Read more]

Producing property with upside potential August 14, 2026 2:00 AM EDT | Source: Arrow Exploration Corp. Calgary, Alberta--(Newsfile Corp. - August 14, 2026) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a property acquisition in Alberta, Canada.   Highlights Acquisition of 100% working interest in 550 boepd oil producing property in [Read more]