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The union representing hundreds of workers at BP's Whiting refinery, the largest refinery in the Midwest, said on Friday the British oil major does not intend to honor the national oil bargaining agreement. This comes after the United Steelworkers union adopted a national agreement negotiated with Marathon Petroleum for use in contracts between 30,000 oil industry workers and their refineries and chemical plants. The Steelworkers union represents about 800 workers at the Whiting refinery that [Read more]

U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday. Crude oil output fell to 13.78 million bpd in November, down about 82,000 from October's record high 13.86 million bpd, the EIA data showed. That is the first month-over-month decline in U.S. oil output since May 2025, and the biggest fall since adverse weather-related outages caused a slump in January 2025. The [Read more]

U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since November, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by five to 551 in the week to February 6, its highest since November. Despite this week's rig increase, Baker Hughes said the total count was still down 35 rigs, or 6% below this time last year. Baker Hughes said oil rigs rose [Read more]

Mexican officials are evaluating how to send fuel to Cuba to help meet basic needs such as electricity and transportation without triggering reprisals from Washington, which has threatened tariffs against countries supplying fuel to the Caribbean island, four sources familiar with the matter said. The sources said high-level Mexican officials have been talking to U.S. counterparts in order to gain clarity on the scope of the tariff threat outlined by President Donald Trump in an executive [Read more]

Merger talks between Rio Tinto and Glencore collapsed after the two sides failed to bridge differences over valuation, ending months of negotiations over a tie-up that would have created the world's largest mining company with a market value exceeding $200 billion. Here is a list of some of the biggest failed mergers and acquisitions involving Australian companies over the past three years. RIO TINTO-GLENCORE Takeover discussions between mining major Rio Tinto and Glencore ended after [Read more]

Calgary, Alberta--(Newsfile Corp. - February 6, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that a new Corporate Presentation has been posted to the Company's website and can be accessed via the following link: CORPORATE PRESENTATION - FEBRUARY 2026 FOR FURTHER INFORMATION, PLEASE CONTACT: Kevin Johnson President & CEO 403-538-8435 Email: info@lotuscreek.ca Website: www.lotuscreek.ca Mitchell Harris Vice [Read more]

OTTAWA, ON, Feb. 5, 2026 /CNW/ - On February 2, 2026, the Canada Border Services Agency (CBSA) initiated an investigation into whether certain oil and gas well casing is being sold in the Canadian market at unfair prices (dumping). The investigation focuses on imports from steel producers operating in or exporting from Austria. These practices, if confirmed, may distort fair competition and impact Canadian producers. The CBSA's investigation follows a complaint filed by Tenaris Canada (the [Read more]