The United States on Monday formally designated Cartel de los Soles a foreign terrorist organization, layering additional terrorism-related sanctions on the group it has said includes Venezuelan President Nicolas Maduro and other high-ranking officials. Venezuela's government rejected what it called a "ridiculous" U.S. plan to designate the "non-existent" group. Secretary of State Marco Rubio said this month his country would announce the designation as a foreign terrorist organization [Read more]
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Natural Gas Use For Electricity Falls In California As Solar Output Rises, EIA Says
U.S. ENERGY INFORMATION ADMINISTRATION: * SAYS ALTHOUGH NATURAL GAS GENERATION STILL PROVIDES MORE ELECTRICITY THAN ANY OTHER SOURCE IN CALIFORNIA, ELECTRICITY GENERATION FROM NATURAL GAS HAS DECREASED OVER THE PAST SEVERAL YEARS WHILE GENERATION FROM SOLAR HAS INCREASED * REPORTS SOLAR GENERATION BY UTILITY-SCALE POWER PLANTS IN CALIFORNIA TOTALED 40.3 BILLION KILOWATTHOURS (BKWH) IN THE FIRST EIGHT MONTHS OF 2025, NEARLY DOUBLE THE 22.0 BKWH OVER THE SAME PERIOD IN 2020 * REPORTS [Read more]
JPMorgan projects Brent crude at $57 a barrel, WTI at $53 in 2027
JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively. Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Intermediate crude was trading at $58.08. JPMorgan expects global oil demand to grow by 0.9 million barrels per day in 2025 to 105.5 million bpd. Similar gains are expected in 2026 before accelerating to 1.2 million bpd in [Read more]
NextDecade begins pre-filing process to expand Rio Grande LNG project
NextDecade Corp said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has been rapidly expanding after President Donald Trump lifted the moratorium on new export permits shortly after taking office in January. “With five trains already under construction and room to double capacity, we are focused [Read more]
Canada’s Energy Crossroads: Time to Reclaim Our Place as a Global Energy Power
For decades, Canada has stood at the crossroads of potential and hesitation. We are blessed with some of the largest oil and natural gas reserves on the planet—abundant, stable, and developed under some of the world’s most stringent environmental and labor standards. Yet, despite this enviable position, Canada has allowed ideology, regulatory gridlock, and political timidity to stall our energy ambitions. The result? Other nations—many with appalling human rights records and minimal regard for [Read more]
Oil becalmed as investors weigh hopes for Ukraine peace talks, U.S. rate cut
Oil prices took a breather on Monday after last week's fall of about 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions. The United States and Ukraine were set to resume work on a revised plan for the peace deal ahead of a Thursday deadline set by U.S. President Donald Trump, after having agreed to adjust an earlier version that critics said was too favourable to [Read more]
Enerflex Ltd. Announces the Appointment of Céline Gerson as New Independent Director
CALGARY, Alberta, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) announces the appointment of Ms. Céline Gerson to its Board of Directors (the “Board”), effective today. “Céline is a seasoned executive with a deep focus on organization and business performance. Her 25 years of experience with Fortune 500 global manufacturing and service companies enhances the skillset of Enerflex’s Board and we look forward to her insights as Enerflex [Read more]
Mozambique grants 30-year concession to state firms for LNG facilities, pipeline
Mozambique has granted its top state-owned companies, including national oil firm ENH, a 30-year concession to build and operate natural gas facilities at the Port of Beira and the smaller Inhassoro site, the government said on Monday. Efforts by the Southern African country to develop its oil and gas reserves have been hampered by an ongoing Islamist-linked insurgency in the north of the country that has delayed TotalEnergies' LNG plant, despite some improvements in security. The [Read more]
Diesel doesn’t share crude’s optimism about Ukraine peace plan: Bousso
Oil prices eased on hopes for a U.S.-brokered Ukraine ceasefire, but diesel spreads remain stubbornly high as the war keeps global supplies squeezed with little sign of relief. Crude oil prices have dropped by around 1.2% since the November 20 announcement that the United States was brokering a ceasefire initiative to end the conflict that began with Russia’s full-scale invasion of Ukraine in 2022. The 28-point plan appears to have little chance of being accepted by Kyiv, as the proposal accepts [Read more]
U.S. companies hold the line at climate talks despite Trump
Despite the U.S. government souring on the global climate agenda ahead of the COP30 summit, American companies did not shy away. A Reuters analysis of attendance lists shows there were 60 representatives of Fortune 100 companies at the Brazil event, compared with 50 at last year's in Baku, Azerbaijan. Still others attended pre-conference events in Brazil's finance hub Sao Paulo and in Rio de Janeiro. Tech firms including Microsoft and Google, energy company Occidental Petroleum, carmaker [Read more]
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