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The Trump administration is more willing to support loan guarantees and tax breaks for nuclear power than for wind and solar because it is "more American" than those forms of energy, the director of the U.S. Energy Dominance Council said on Thursday. Jarrod Agen said nuclear power is more likely to be made from U.S.-made parts than wind and solar farms, so the administration is more willing to give it financial aid from the U.S. Loan Programs Office and support tax incentives. "Nuclear is [Read more]

The discount on Western Canada Select to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for October delivery in Hardisty, Alberta, settled at $11.55 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.45 a barrel discount on Wednesday. * WCS discounts had already widened in August, in part due to BP's 440,000-barrel-per-day refinery in Whiting, Indiana, being affected by flooding after a severe thunderstorm. The [Read more]

U.S. crude and distillate inventories rose while gasoline stocks fell last week, the Energy Information Administration said on Thursday. Crude inventories rose by 2.4 million barrels to 420.7 million barrels in the week ended August 29, the EIA said, compared with analysts' expectations in a Reuters poll for a 2 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.6 million barrels last week, the EIA said. Refinery crude runs fell by 11,000 barrels per day, [Read more]

Finland's President Alexander Stubb said President Donald Trump in a call with European leaders on Thursday suggested the U.S. and Europe should act together on further sanctions against Russia, and that sanctions on oil and gas were up for discussion. "Trump's approach was very much that we must act together on sanctions policy and now look for ways in particular to halt Russia's war machine by economic means," Stubb told Finnish media after the meeting. "In that case there are two [Read more]

CALGARY, AB, Sept. 4, 2025 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is providing an update on the previously announced acquisition of assets in East-Central Alberta (the "Moonshine Acquisition") from a private oil and gas company (the "Vendor"). Acquisition Update The Company has not obtained certain third-party approvals and consents required to close the Moonshine Acquisition. Accordingly, the Company has notified the Vendor that it was unable [Read more]