Saudi Arabia has cut oil shipments to Europe after drone attacks damaged its key export pipeline to the Red Sea, trade sources told Reuters, prompting top customers such as Poland to rush to seek alternatives as cargo prices topped $120 a barrel. The attacks, which Saudi Arabia has blamed on Iraqi militia, forced the kingdom on Friday to shut its East-West desert oil pipeline, which has spared it from the worst of the impact of the closure of the Strait of Hormuz over the last six [Read more]
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US energy chief says Saudi Arabia oil pipeline should be back online within days
Crude oil should be flowing through Saudi Arabia's vital East-West Pipeline within days, U.S. Energy Secretary Chris Wright told CNBC on Tuesday, after the kingdom was forced to temporarily close it following attacks by Iran-aligned groups. "It's still a detailed assessment, but I think it will be measured in days," Wright said on the sidelines of a G20 energy meeting in Houston. He said Saudi Arabia is taking steps to move more oil out of the Strait of Hormuz with assistance from the U.S. [Read more]
Oil loadings suspended at Saudi’s Red Sea port of Yanbu, shipping sources say
Oil loadings at Saudi Arabia's Red Sea port of Yanbu have been suspended, days after the world's biggest crude exporter closed its East-West pipeline due to an attack by Yemen's Iran-aligned Houthis, shipping industry sources said on Tuesday. Saudi Aramco, which has increased use of the Yanbu terminal since the U.S. war with Iran began on February 28, declined to comment. (Reporting by Jonathan Saul) [Read more]
LNG demand in China and India expected to recover when Mideast war ends
China and India's LNG imports are likely to rebound from multi-year lows once the Middle East supply crunch ends and prices ease, industry executives expect, reversing a pick-up in coal and oil use to generate power due to the U.S.-Iran war. The conflict has prevented Qatar and the United Arab Emirates from exporting most of their LNG via the Strait of Hormuz, where a fifth of global supplies used to pass, driving up prices and curbing demand in Asia. Shell, the world's biggest LNG trader, [Read more]
Trump’s Ukraine energy truce won’t fix global diesel crunch: Bousso
An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed not to attack each other's energy infrastructure. Ukrainian President Volodymyr Zelenskiy said in response that he wanted more details before halting [Read more]
Hormuz crisis will end soon, Oman LNG chief exec says
The crisis around the Strait of Hormuz will end soon, the chief executive of Oman LNG said on Tuesday. The Hormuz crisis will not change the company's long term plans, Hamed Al Naamany told an industry forum in Bangkok. "We have already been planning to produce more, we've been working on it for a couple of years. So we don't plan for crisis: we're planning for more," he said. (Reporting by Helen Clark; Editing by David Stanway) [Read more]
Taylor Hill Land Inc.: Mannville Stack Property Divestiture
Taylor Hill Land Inc. (“Taylor Hill” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its mineral interests located in the greater Lloydminster area of east central Alberta (the “Properties.) The Properties could serve as a new core area for groups that are interested in exploration activity in Alberta. The Properties consist of 100% working interest in approximately 75 Crown leases totaling 16,460 acres on which the Company has identified as being [Read more]
Kremlin welcomes Trump’s idea of energy truce with Ukraine, calls for sanctions removal
The Kremlin said on Tuesday it welcomed a U.S. proposal for a Russia-Ukraine moratorium on attacking each other's energy infrastructure, while saying it was also necessary to protect seaborne exports and remove "illegal" sanctions on Russia. U.S. President Donald Trump said on Monday that Ukraine and Russia had agreed not to hit each other's energy targets, though neither side has confirmed such an agreement. Russia hit petrol stations in Kyiv on Tuesday and Ukraine said it struck a Russian [Read more]
Surge Energy Inc. confirms October 2026 dividend
CALGARY, AB, Sept. 15, 2026 /CNW/ -- Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2026, in respect of September 2026 production, for the shareholders of record on September 30, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free [Read more]
Trump’s Ukraine energy truce won’t fix global diesel crunch: Bousso
An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed not to attack each other's energy infrastructure. Ukrainian President Volodymyr Zelenskiy said in response that he wanted more details before halting [Read more]
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