The Kremlin said on Thursday that Russia was interested in attracting additional foreign investment after the Wall Street Journal reported that the U.S. plan for peace in Ukraine includes proposals to invest in Russian rare earths and energy. The Journal said the plans, detailed in appendices to peace proposals drafted by the administration of U.S. President Donald Trump and handed to European counterparts over recent weeks, include proposals to restore Russian energy supplies to [Read more]
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IEA trims global oil market surplus forecast for 2026
The International Energy Agency lifted its 2026 global oil demand growth forecasts while trimming its supply growth predictions in its latest monthly oil market report on Thursday, implying a slightly narrower surplus for the market next year. The Paris-based agency now expects global oil supply to exceed demand by 3.84 million barrels per day, compared with a 4.09 million bpd surplus estimated in its November report. The IEA revised up its global oil demand growth forecasts for this year [Read more]
Trump plans envision major U.S. investment in Russia, restoring oil flows to Europe, WSJ says
U.S. President Donald Trump's plan for peace in Ukraine includes proposals to restore Russian energy flows to Europe, major U.S. investment in Russian rare earths and energy, and tapping frozen Russian sovereign assets, the Wall Street Journal said. The newspaper said the plans were detailed in appendices to peace proposals handed to European counterparts over recent weeks. They include a plan for U.S. financial firms and other businesses to tap $200 billion of frozen Russian sovereign [Read more]
Tamarack Valley Energy Announces Adoption of Shareholder Rights Plan
TSX: TVE CALGARY, AB, Dec. 10, 2025 /CNW/ - The Board of Directors of Tamarack Valley Energy Ltd. has adopted a Shareholder Rights Plan with Odyssey Trust Company as Rights Agent effective today. The Shareholder Rights Plan is consistent with modern rights plans adopted by other Canadian public companies and has not been adopted in response to any specific proposal or intention to acquire control of Tamarack. In the event of an unsolicited takeover [Read more]
Gran Tierra Energy Inc. Announces 2026 Guidance and Operations Update
Targeting Free Cash Flow of $60 to $80 Million in the 2026 Base Case Ecuador Program Transition From Exploration to Appraisal & Development Colombia Program Focused on Maximizing Free Cash Flow Development Program Focused on Quick Payouts and Capital Efficient Projects 2026 Capital Program Fulfills Commitments Over the Suroriente Block Reported Current Company Production of 48,000 to 49,000 BOEPD CALGARY, Alberta, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. [Read more]
Discount on Western Canada Select at widest point since February
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures continued its widening trend on Wednesday, reaching its broadest point since February. WCS for January delivery in Hardisty, Alberta, settled at $13.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.55 on Tuesday. * After spending much of the year in the $9-$11 range, in large part due to the Trans Mountain pipeline expansion which has given Canadian oil [Read more]
Lotus Creek Exploration Inc. Announces 2026 Budget and Guidance
Calgary, Alberta--(Newsfile Corp. - December 10, 2025) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to provide the Company's 2026 budget and guidance to shareholders. 2026 APPROVED FISCAL BUDGET AND GUIDANCE The Board of Directors of the Company has approved a 2026 budget (the "2026 Budget") of $42.0 million that is expected to deliver 75% annual production growth with forecast average production for the fourth quarter of 2026 of 4,000 boe per day. [Read more]
Venezuela forced to double discount on oil to Asia due to flood of sanctioned crude
Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on offer and to heightened risk of loading in the South American country as the U.S. boosts its military presence in the Caribbean, traders and other sources said. Venezuela has managed to increase oil exports this year from 2024 volumes even as Washington has ratcheted up pressure on President Nicolas Maduro. The U.S. Navy has not disturbed oil tankers from Venezuela but it [Read more]
BP, Chevron are top bidders at first Trump Gulf of Mexico oil and gas auction
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023. The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July. His administration's plans for offshore leasing are a significant departure from that of his predecessor, President Joe Biden, which had planned for [Read more]
Energy Transfer says Lake Charles LNG investment nod expected in early 2026
U.S. pipeline operator Energy Transfer has secured enough agreements to sell liquefied natural gas to make a final investment decision on its Lake Charles LNG project early next year, an executive said on Wednesday at the Reuters Energy Live conference in Houston. Energy Transfer has been developing the LNG export facility in Louisiana, with capacity of 16.5 million metric tons per annum. It said last month that it wanted to sell 80% of the project to equity partners. Marketing has been [Read more]
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