Oil prices held steady on Wednesday after falling about 1% in the previous session, as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates. Brent crude futures were up 7 cents, or 0.1%, to $62.01 a barrel at 0500 GMT. U.S. West Texas Intermediate crude was at $58.32 a barrel, up 7 cents, or 0.1%. "Oil markets are currently struggling for direction as far as we can see, with a minor lift from falling U.S. inventories as reported by [Read more]
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New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Dec. 9 Apprentice Ironworker Strike Group All Areas Dec. 9 Journeyperson Ironworker Strike Group All Areas Dec. 9 Material Coordinator Strike Group Prince [Read more]
Discount on Western Canada Select at widest point since March
The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Tuesday to its broadest point since early March. WCS for January delivery in Hardisty, Alberta, settled at $13.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.15 on Monday. * 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 producers additional export [Read more]
Advantage Announces 2026 Budget, Featuring Strong Per-Share Growth with Accelerating Free Cash Flow Outlook
(TSX: AAV) CALGARY, AB, Dec. 9, 2025 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2026 budget and an operations update. Advantage's 2026 capital program continues our focus on growing adjusted funds flow ("AFF")a per share via high rate-of-return development drilling. Our exceptionally efficient, Glacier-focused program is expected to deliver production growth of approximately 6% (or 11% excluding the impact of a major [Read more]
New Report Shows Canadian Energy Exports Can Cut Global Emissions by Displacing U.S LNG, Coal, and Dirtier Oil Alternatives
OTTAWA, ON, Dec. 9, 2025 /CNW/ - A new report from the Public Policy Forum (PPF), produced in partnership with the Canadian Chamber of Commerce Future of Business Centre, finds that expanding Canada's liquefied natural gas (LNG) and oil exports could significantly reduce global greenhouse gas emissions. Refuel: What Canadian LNG and oil exports could mean for global emissions draws on an exclusive new analysis by Navius Research. The study shows that Canadian LNG and oil are highly likely to [Read more]
US natural gas futures drop 7% for second day as mild weather trims demand
U.S. natural gas futures dropped about 7% for the second straight day to a one-week low on Tuesday, on more moderate two-week forecasts for weather and demand, near-record output, ample amounts of gas in storage and lower prices around the world. Front-month gas futures for January delivery on the New York Mercantile Exchange fell 33.8 cents, or 6.9%, to settle at $4.574 per million British thermal units (mmBtu), their lowest since November 26. Financial firm LSEG said average gas output [Read more]
US natgas output and demand to hit record highs in 2025, EIA says
U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 107.7 bcfd in 2025 and 109.1 bcfd in 2026. That compares with a record 103.6 bcfd in 2023. The agency also projected domestic gas consumption will rise from a record 90.4 bcfd in 2024 to 91.8 bcfd in 2025 before sliding to 90.8 bcfd [Read more]
Chevron CEO Wirth says he is in discussions with board about succession
Chevron CEO Mike Wirth said on Tuesday he is in discussions with the board of directors about when he will step down from the U.S. oil producer. "I've been doing this for eight years, and as soon as we've got the next person ready to go, my job is to get out of the way," Wirth said during an onstage interview at a Wall Street Journal conference. The board waived the mandatory retirement age for Wirth in 2023, who said at the time he wanted to make more progress on increasing shareholder [Read more]
EIA lifts 2025 US oil output forecast to a record high as supplies swell
U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, as expectations mount of a global supply glut. The agency raised its forecast for 2025 oil production by 20,000 to average 13.61 million barrels per day in 2025, the highest on record. However, the EIA lowered its forecast for total output in 2026 by 50,000 to 13.53 million bpd. The step up in this year's U.S. production forecast adds to [Read more]
US power use to reach record highs in 2025 and 2026, EIA says
U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook on Tuesday. The EIA projected power demand will rise to 4,199 billion kilowatt-hours in 2025 and 4,267 billion kWh in 2026, up from a record 4,110 billion kWh in 2024. The demand increases come in part from data centers dedicated to artificial intelligence and cryptocurrency and as homes and businesses use more electricity and less fossil fuel for heat [Read more]
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