Imports of Russian oil to Turkey, Europe's largest buyer of fuel from Moscow, have declined due to competition from other oil grades, sanctions, and as U.S. President Donald Trump urges allies to stop buying Russia's oil to cripple its war efforts. Frustrated by Russia's refusal to halt fighting in Ukraine, Trump has called on Europe to halt Russian oil and gas purchases, a key source of Moscow's revenue. On Thursday, after two hours of talks with Turkish President Tayyip Erdogan, Trump said [Read more]
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Canadian natgas producers cut output amid record low prices
Some natural gas producers in Western Canada are aggressively cutting output in an effort to ease an ongoing glut that this week tipped prices for the fuel into record negative territory, companies and analysts said. Daily spot prices at the Alberta Energy Company (AECO) storage hub averaged minus 5 cents per million British thermal units on Thursday, after trading at record low levels of minus 18 cents this week. The benchmark averaged $1.03 per mmBtu so far in 2025, according to LSEG pricing [Read more]
Oil set for biggest weekly gain in three months as Russia cuts fuel exports
Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports and close to cutting crude output. Brent futures climbed 15 cents, or 0.2%, to $69.57 a barrel by 0100 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 23 cents, or 0.4%, to $65.21 a barrel. Both benchmarks have jumped over 4% this week, their biggest increase since the week ended June [Read more]
Ukraine strikes on Russian oil might be too successful for Trump’s liking: Bousso
Ukraine's repeated strikes on Russian energy infrastructure have dealt a serious blow to Moscow's vital fuel exports just as Western sanctions are tightening. But if these attacks are too successful, they risk raising the ire of U.S. President Donald Trump. The conflict between Russia and Ukraine that began in 2022 took a sharp turn in recent weeks as Kyiv began to launch waves of drone attacks on Russian refineries, pipelines and export terminals. This has taken a heavy toll on Russia's [Read more]
Tidewater Midstream and Infrastructure Ltd. announces the closing of the acquisition of the North Segment of the Western Pipeline
(TSX: TWM) CALGARY, AB, Sept. 25, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the successful closing of the previously announced transaction to acquire, through a wholly owned limited partnership, the North Segment of the Western Pipeline System (the "Western Pipeline") from Pembina Pipeline Corporation and certain of its affiliates (the "Transaction"). The Western Pipeline is a key infrastructure [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE [Read more]
Shrinking Russia’s gas sales key to pressure Moscow, US energy secretary says
U.S. Energy Secretary Chris Wright said in an interview on Thursday that reducing Russia's natural gas sales to Europe is the "most immediate hammer" Washington has to pressure Moscow into ending the war in Ukraine. Wright, who spent nearly a week in Europe this month, said cutting Russia's gas sales is easier than targeting its oil because shipping it requires huge specialized pipelines and liquefied natural gas (LNG) terminals and tankers that make it tough to smuggle. "Natural gas is [Read more]
International Petroleum Corporation Completes USD 450 Million Bond Placement
International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) announces that it has successfully completed a private placement of USD 450 million of senior unsecured bonds. The bonds will have a tenor of five years and a fixed coupon rate of 7.50 percent per annum, with interest payable in semi-annual instalments. The bond issue is expected to be rated B+ by S&P Global Ratings and B1 by Moody’s. Settlement of the bonds is expected to occur on or around [Read more]
US urges utilities to keep coal-fired plants running as AI demand booms, energy secretary says
The administration of U.S. President Donald Trump is urging utilities across the country to keep coal-fired power plants running longer, in part to help deliver the vast amount of electricity needed to fuel artificial intelligence, Energy Secretary Chris Wright told Reuters on Thursday. Delaying the retirement of often half-century-old coal plants is part of a broader strategy to increase the country's power output that will also include boosting nuclear energy and allowing backup power [Read more]
Most U.S. coal plants will delay retirement, US energy secretary says
The administration of President Donald Trump is in discussions with utilities across the country to keep their coal-fired power plants online longer, and expects that the majority of those plants that are scheduled for retirement will delay closure, Energy Secretary Chris Wright told Reuters. "I would say the majority of that coal capacity will stay online," he said in an interview. (Reporting by Tim Gardner and Laila Kearney;) [Read more]
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