U.S. Central Command (CENTCOM) said U.S. forces struck and disabled three Iranian crude oil tankers on Sept. 5 after Iran’s Islamic Revolutionary Guard Corps fired ballistic missiles toward two U.S. Navy warships in regional waters. The U.S. military said the attacks caused no American casualties and described the tanker strikes as retaliation aimed at imposing an economic cost on the IRGC. “Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher [Read more]
News
The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal
The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key partner in an unusual oil agreement with Caracas. According to last week’s announcement, the U.S. gains access to about [Read more]
Americans hit with record-high Labor Day Weekend gasoline prices
With the war in the Middle East still raising energy costs, Americans face record-high gasoline prices for Labor Day weekend, just as political campaigns kick off for midterm Congressional elections. The national average gasoline price will probably hit $4.03 on Labor Day, far surpassing the previous record of $3.83 per gallon set in 2012, said GasBuddy analyst Patrick De Haan. “Gasoline, while not at all-time records, is at its highest level ever recorded this late in the calendar year, [Read more]
US structured Venezuela oil position to protect it from dilution, official says
The U.S. government structured its 35% position in a Venezuelan oil venture as warrants that protect Washington's stake from being weakened by fresh raises of capital, a U.S. official said. Speaking on Thursday about the deal announced last week by President Donald Trump, the official said the Pentagon structured the stake using "penny warrants" in North American Blue Energy Partners (NABEP), giving it the right but not the obligation to buy the equity at a later date. Penny warrants can be [Read more]
Federal Tories launch ‘Conservatives for Canada’ campaign ahead of Alberta referendum
OTTAWA - The federal Conservatives have launched a campaign to engage their supporters and encourage them to vote to stay in Canada in the upcoming Alberta referendum. Albertans are set to vote on Oct. 19 on whether they want to remain a province or begin the legal process to hold a binding referendum on leaving the country. In a speech he delivered in Calgary this summer, Conservative Leader Pierre Poilievre called for Albertans to stay united and argued that separatists have a problem [Read more]
Schedule for US energy data in holiday week
The Labor Day federal holiday on Monday, Sept. 7 will affect the release schedule of some major energy data to be issued during the Sept. 6 week. Below is the schedule for the release of U.S. petroleum, oil and natural gas supply and inventory for the week. WEEK OF SEPT 6: AMERICAN PETROLEUM INSTITUTE - OIL API's weekly petroleum stocks report will be delayed to Wednesday, Sept. 9 at 4:30 p.m. EDT (2030 GMT). The report is normally released on Tuesday. ENERGY INFORMATION [Read more]
US energy firms leave rig count unchanged for the second consecutive week, Baker Hughes says
U.S. energy firms left the overall rig count unchanged for a second consecutive week, 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, held at 588 in the week to September 4. Baker Hughes said oil rigs rose by 2 to 449 this week, while gas rigs fell by 2 to 130, and other miscellaneous rigs remained unchanged at 9. The oil and gas rig count declined by 7% in 2025, 5% in 2024, and 20% in 2023 [Read more]
Minister Hodgson highlights Western Canada’s role in Canada’s energy and economic future
PRINCE GEORGE, BC, Sept. 4, 2026 /CNW/ -- Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, concluded a five-day tour across Alberta, Saskatchewan and British Columbia, highlighting how provinces, workers, Indigenous partners, researchers and industry are positioning Canada as a global energy superpower with the strongest economy in the G7. Across Western Canada, Canadians are turning global volatility into opportunities for strength: building a more prosperous [Read more]
Peyto cites 130% growth from acquired Repsol assets – Peyto Monthly Report
Three years after announcing its $636 million acquisition of Repsol’s Canadian assets, Peyto Exploration & Development says production from the acquired lands has more than doubled. According to the Peyto Monthly Report, production from the acquired 455,000 net acres has increased from approximately 23,000 boe/d at the time of the acquisition to 53,000 boe/d today, an increase of roughly 130%. The assets had seen relatively little development before the sale, with Repsol having drilled [Read more]
Russia’s Sechin says China, not OPEC, calls shots on global energy markets
Igor Sechin, chief of Russia’s top oil producer Rosneft, said on Thursday that China, not OPEC, has stabilized global oil markets by reducing crude imports by 5.5 million barrels per day this year. Sechin, the most influential Russian energy manager and a long-standing ally of President Vladimir Putin, was speaking at a Russian - Chinese business forum in the far eastern city of Vladivostok. "This year, China has effectively taken the lead from OPEC and, without being a member of any [Read more]
- « Previous Page
- 1
- …
- 28
- 29
- 30
- 31
- 32
- …
- 3866
- Next Page »