The backers of a proposed 800-mile (1,287 km) gas pipeline in Alaska championed by U.S. President Donald Trump expect to complete a key engineering and cost study by the end of this year, Interior Secretary Doug Burgum said on Monday. The ambitious proposal to transport gas from Alaska's far north to the Gulf of Alaska has been talked about for decades but has received new impetus under Trump, who has sought to boost U.S. development of fossil fuels. The pipeline is a joint venture between [Read more]
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Power outage triggers shutdown at Suncor’s Montreal Refinery
Suncor on Monday reported that a power outage prompted a shutdown at its 137,000 barrels-per-day Montreal refinery. "There will be an increase in the flame flare when our activities are restarted," the company said in a notice. (Reporting by Ashitha Shivaprasad in Bengaluru) [Read more]
PrairieSky Announces Third Quarter 2025 Results
CALGARY, Alberta, Oct. 20, 2025 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2025. Third Quarter Highlights Oil royalty production increased 11% over Q3 2024(1) averaging 14,127 barrels per day. Total royalty production averaged 25,687 BOE per day, a 5% increase over Q3 2024. Royalty production revenue totaled $107.7 million and [Read more]
US business lobby urges Trump to end new curbs on exports to China
A lobbying group whose board includes U.S. firms like Oracle, Amazon.com and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars' worth of U.S. exports and will prompt China and other countries to drop U.S. firms from their supply chains. In a letter addressed to President Donald Trump and seen by Reuters, the National Foreign Trade Council takes aim at the so-called Affiliates Rule, which bars American companies from shipping goods and [Read more]
US natural gas exports to Mexico hit record highs, EIA says
U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day (bcfd) in May 2025, the most of any month on record as Mexico's demand for natural gas increases, the U.S. Energy Information Administration said on Monday. On an annual basis, U.S. natural gas pipeline exports to Mexico averaged 6.4 bcfd in 2024, a 25% increase compared with 2019 and the highest on record in data going back as early as 1975, the EIA report stated. "Total consumption of natural gas in [Read more]
US natural gas prices surge 8% as colder weather boosts demand
U.S. natural gas futures jumped about 8% to a one-week high on Monday on forecasts for much colder weather and higher heating demand over the next two weeks than previously expected and on a decline in output so far this month and near-record flows of gas to liquefied natural gas (LNG) export plants. Front-month gas futures for November delivery on the New York Mercantile Exchange rose 24 cents, or 8.0%, to $3.248 per million British thermal units (mmBtu), putting the contract on track for [Read more]
Trump’s India squeeze to push Russian oil further into the shadows: Bousso
Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 million [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch for in the Canadian business world in the coming week: Bank of Canada The Bank of Canada is expected to release its business outlook survey and its Canadian survey of consumer expectations on Monday. The central bank cut its policy interest rate by a quarter of a percentage point last month to 2.5 per cent as it noted the balance of risks had shifted in favour of cutting. It said the economy was weaker and, while there were still some mixed signals, [Read more]
Ukraine prepares for record gas imports after Russian attacks, Zelenskiy says
Ukraine may import gas worth around $2 billion from Europe, the United States and Azerbaijan this winter, President Volodymyr Zelenskiy said, after its gas infrastructure was severely damaged by Russian attacks. He did not specify how much gas Ukraine planned to purchase. Kyiv had expected to import 4.6 billion cubic meters (bcm) of gas before a series of Russian strikes hit Ukraine's gas sector earlier this autumn. Due to the damage, energy minister Svitlana Hrynchuk said imports would [Read more]
Oil prices slip on concerns over US-China trade tensions
Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures were down 53 cents, or 0.86%, at $60.76 a barrel as of 0610 GMT, while U.S. West Texas Intermediate futures fell 55 cents, or 0.96%, to $56.99, erasing gains from Friday. Both benchmarks declined more than 2% last week, marking their third consecutive weekly decline, partly due to the International [Read more]
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