The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Monday. WCS for March delivery in Hardisty, Alberta, settled at $14.60 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $14.25 a barrel on Friday. * Monday was the start of the Canadian crude market's trade cycle, which runs from the first of each month until the day before pipeline nominations are due, and in which the bulk of the trading [Read more]
News
Kimmeridge Comments on Proposed Merger of Coterra and Devon
NEW YORK, Feb. 2, 2026 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC, a private investment firm focused on the energy sector, today issued the following statement in response to an announced definitive agreement for Coterra Energy (NYSE: CTRA) and Devon Energy (NYSE: DVN) to merge in an all-stock transaction. Mark Viviano, Managing Partner at Kimmeridge, said: "As a significant shareholder in both companies, we are supportive of a combination that can unlock meaningful shareholder [Read more]
Baytex Reports Strong Canadian Reserves Growth and Positive Operational Momentum
Calgary, Alberta--(Newsfile Corp. - February 2, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce its year-end 2025 reserves and provide an operations update (all amounts in Canadian dollars unless otherwise noted). Our 2025 performance was highlighted by the strategic divestiture of our U.S. assets, resulting in a significantly strengthened financial position and sharpened focus on our high-return Canadian energy platform. We entered 2026 with a net cash [Read more]
Trump’s India oil diplomacy won’t defy market forces: Bousso
President Donald Trump’s push to channel U.S. and Venezuelan crude oil into India as part of a broad trade deal will run up against the hard reality of global oil economics. The U.S. president and Indian Prime Minister Narendra Modi on Monday announced the trade deal following lengthy and often tense negotiations, though details remain limited. Under the deal, the U.S. cut its tariff on imports of Indian goods to 18% from 25% while Modi committed to buy more than $500 billion-worth of U.S. [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for February 27, 2026
Calgary, Alberta--(Newsfile Corp. - February 2, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid February 27, 2026, to shareholders of record on February 13, 2026. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil [Read more]
US crude oil production nears full recovery after storm hit output
Crude oil producers in the United States continued bringing oil wells back online on Monday, with only around 0.7% of national output still halted in the aftermath of a winter storm that ravaged production last month. Some 100,000 barrels per day of crude output remained shut, according to consultancy Energy Aspects, with outages in the Anadarko accounting for the bulk of the losses, followed by the Appalachia. "It looks like production is fully restored in the Permian," said Energy [Read more]
A $47 bln deal heralds US oil boom’s middle age
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Robert Cyran NEW YORK, Feb 2 (Reuters Breakingviews) - The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to a combination of declining prime acreage and modest market prices for oil, the name of the game for the producers who turned American shale patches into free-flowing gushers is now to wring value out of what they’ve got. [Read more]
Winter freeze cut US LNG output in January; imports from Trinidad helped fill gap
Exports of liquefied natural gas from the U.S. fell in January to 11.3 million metric tonnes - down from December's record of 11.5 MT - as a winter freeze late in the month shuttered some plants and lowered output at others, preliminary data from financial firm LSEG show. Gas flows into U.S. LNG plants fell to a one-year low on January 26. Freeport LNG in Texas, the third-largest exporter in the country, was partly offline during the freeze, while Kinder Morgan's Elba Island facility in Georgia [Read more]
US dropping 25% separate tariff on Indian imports after pledge to cut Russian oil, White House says
The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18% from 25%, a White House official said on Monday. "We are also dropping the 25% tariff given India's agreement to stop buying Russian oil," the official said. U.S. President Donald Trump announced the changes in a Truth Social post following a call with Indian Prime Minister Narendra Modi, but did not explicitly [Read more]
Why routine oil tanker traffic draws little concern in Eastern and Atlantic Canada
‘In Canada, shipping is much safer than your morning commute driving in a vehicle’ By Will Gibson on February 1, 2026, 11:52 pm MST Eastern Canada Marine Response Corporation conducts operations near Halifax, Nova Scotia. Photo courtesy R.Starkes/ECMRC A steady stream of more than 450 oil tankers calls at ports in Eastern and Atlantic Canada every year, drawing little public attention. That’s in part due to the industry’s safety record in the region, where accidents involving [Read more]
- « Previous Page
- 1
- …
- 241
- 242
- 243
- 244
- 245
- …
- 3772
- Next Page »