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Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. Brent crude futures fell 8 cents, or 0.13%, lower at $60.98 a barrel at 0030 GMT, while U.S. West Texas Intermediate futures were down 9 cents, or 0.16%, at $57.37. On a weekly basis, both benchmarks were down nearly 3%, partly due to the [Read more]

CALGARY, Alberta, Oct. 16, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) will release its third-quarter 2025 financial and operational results after the close of markets on Nov. 13, 2025. Conference call and webcast details South Bow's senior leadership will host a conference call and webcast to discuss the Company's third-quarter 2025 results and 2026 outlook on Nov. 14, 2025 at 8 a.m. MT (10 a.m. ET). Date Nov. 14, [Read more]

The Trump administration's plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy projects that it claimed would not provide sufficient returns to taxpayers. "These are projects that would have added energy to the grid and added [Read more]

The European Union has set a requirement for fuel importers into the bloc to prove their fuels are not made from Russian crude, according to a document published on Thursday. The document provides guidance on the EU's upcoming ban on imports of fuels refined from Russian crude, part of its 18th sanctions package against Russia over its war in Ukraine. The ban takes effect from January 21 next year. Here are the details of the document: WHAT IS THE EU ADVISING IMPORTERS? Operators will [Read more]

Trans Mountain is facing $292,000 in regulatory fines for alleged environmental issues in January 2024 along a stretch of its British Columbia pipeline expansion route hit by a major rainstorm. The Canada Energy Regulator posted four penalties dated Oct. 3 to their website and referred The Canadian Press to an inspection order and compliance report when asked for details. The inspection order details alleged issues with watercourse crossings, questionable response times, broken wildlife [Read more]

U.S. crude stocks rose more than expected last week as refining utilization dropped sharply to its lowest in eight months, data from the Energy Information Administration showed on Thursday. Crude inventories increased by 3.5 million barrels to 423.8 million barrels in the week ended October 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 288,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 703,000 barrels in the week, the EIA [Read more]

Oil, gas and coal will continue to dominate the world’s energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. WHY IT'S IMPORTANT Continued use of fossil fuels poses a major challenge to achieving global net-zero climate targets. Electricity demand will rise mainly due to a projected 20-40% increase from the industry and buildings sectors by 2050, according to the report, with North American data centres seen as [Read more]