Donald Trump's Greenland tariff threat and U-turn last week may have been a watershed for the world's "middle powers." For them, rebooting globalization - with or without Washington - now looks far more realistic than it did during last year's trade shock. This year, the U.S. president has shifted from using tariffs mainly to air long-standing trade grievances to wielding them as tools of territorial and military leverage. And for the first time, that strategy has met firm resistance and [Read more]
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US summer gas prices to keep above $3.50/mmBtu, Goldman Sachs says
Goldman Sachs expects U.S. gas prices to be above $3.50 per million British thermal units (mmBtu) in the summer, it said in a note late Monday, to incentivise producers to ramp up production and meet storage targets. U.S. natural gas futures soared by a record 119% over five days to a three-year high on Monday after an Arctic blast over the weekend boosted heating demand. Production slumped to a two-year low after the extreme cold froze oil and gas wells and pipes, while gas flows to liquefied [Read more]
America Inc’s productivity boom may be going global: McGeever
The rumblings of a productivity boom are reverberating through the U.S. economy – and they may be going global. Technological leaps have long been the hallmark of U.S. economic efficiency, flexibility and dynamism – trends that artificial intelligence is expected to accelerate – but there are nascent signs that the benefits of AI may be spreading. Purchasing managers' index (PMI) figures on Friday showed that British business activity has started this year on a strong footing, with robust [Read more]
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - January 26, 2026) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 8,634,250 common shares ("Common Shares") of the Corporation (6,298,250 granted to certain of its directors and officers and 2,336,000 granted to certain of its employees) and to the granting of restricted share [Read more]
Cenovus’ 172,000-bpd refinery in Lima, Ohio, suffers storm-related mechanical issues, IIR says
Cenovus Energy's 172,000-barrel-per-day Lima, Ohio, refinery experienced mechanical issues caused by a major winter storm that hit much of the United States over the weekend, industry monitor IIR Energy said on Monday. The refinery experienced mechanical issues brought about by the storm on Sunday, IIR Energy said, adding that efforts to fix the issue were underway. A full restart may be delayed until later this week due to extreme cold, it added. Cenovus Energy did not immediately respond to [Read more]
US energy sector reels after winter storm knocks out 2 million bpd of crude output
U.S. oil producers lost up to 2 million barrels per day or roughly 15% of national production over the weekend, analysts and traders estimated, as a winter storm swept across the country, straining energy infrastructure and power grids. Oil production outages peaked on Saturday, consultancy Energy Aspects estimated, with the Permian Basin likely to have experienced the largest share of that decline at around 1.5 million barrels per day. Production losses eased on Monday, with Permian shut-ins [Read more]
Tanzania expects to sign $42 billion mega LNG project before June, minister says
Tanzania expects to sign before June a deal for its stalled project to construct a $42 billion liquefied natural gas (LNG) plant, a senior government minister said on Monday, with production set to start in eight years' time. Equinor and Shell are joint operators of the mega gas project, which would unlock 47.13 trillion cubic feet of natural gas deposits, while Exxon Mobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners. The development was stalled by [Read more]
US shale production could fall by 400,000 barrels per day if prices dip to $40 a barrel, analyst says
U.S. shale production could fall by as much as 400,000 barrels of oil per day in 2026 if OPEC countries try to increase market share and oil prices fall to as low as $40 a barrel, according to Rystad Energy CEO Jarand Rystad. U.S. shale production could remain flat if prices stay close to $60 a barrel, but that will require OPEC countries to hold production at present levels, Rystad said at an energy conference on Monday in Trinidad and Tobago. "For 2026 we see a flat development of shale at [Read more]
Trump administration takes first step toward offering new offshore oil drilling leases in California
The Trump administration on Monday invited the oil and gas industry to nominate areas for a potential sale of offshore oil and gas leases in Southern and Central California to be held as soon as next year. WHY IT'S IMPORTANT The move is part of a push by U.S. President Donald Trump's Interior Department to expand offshore drilling. It faces strong opposition in California, a state known for ambitious climate change policies, strong environmental regulations and an iconic coastline. KEY [Read more]
Baker Hughes sees significant revenue opportunity in Venezuela
Oilfield services company Baker Hughes said on Monday that there is significant revenue opportunity in Venezuela, with the main considerations for operating there being safety and conditions for employees, and clarity on legal and regulatory frameworks. The Houston-headquartered company has been working with authorities on Venezuela after the U.S. earlier this month removed President Nicolas Maduro from power and called on oil companies to rebuild the South American country's dilapidated oil [Read more]
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