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White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop, adding that New Delhi was "now cozying up to both Russia and China." "If India wants to be treated as a strategic partner of the U.S., it needs to start acting like one," Navarro wrote in an opinion piece published in the Financial Times. India's Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the [Read more]

Oil prices were largely unchanged on Monday after a drop in early trade, as the United States exerted no further pressure on Russia to end the Ukraine war through measures to disrupt its oil exports following a meeting of the leaders of both nations. Brent crude futures dropped 6 cents, or 0.09%, to $65.79 a barrel by 0342 GMT while U.S. West Texas Intermediate crude was at $62.82 a barrel, up 2 cents, or 0.03%. U.S. President Donald Trump met Russian President Vladimir Putin in Alaska on [Read more]

Oil markets are set for a muted price reaction when they open on Sunday after U.S. President Donald Trump's and Russian leader Vladimir Putin's meeting in Alaska, at which Trump said a fully-fledged peace deal was the aim for Ukraine rather than a ceasefire. Trump said he had agreed with Putin that negotiators should go straight to a peace settlement - not via a ceasefire, as Ukraine and European allies, until now with U.S. support, have been demanding. Trump said he would hold off imposing [Read more]

The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for September delivery in Hardisty, Alberta, settled at $11.60 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.75 a barrel on Thursday. * The differential between Canadian heavy crude and the U.S. benchmark has trended generally wider this month. * It is not unusual to see seasonal weakening in WCS pricing heading into [Read more]

CALGARY, AB, Aug. 15, 2025 /CNW/ - Gavin Lane, President and CEO of Western Energy Services Corp. (the "Company" or "Western") (TSX: WRG) announces the appointment of Orson Ross as Chief Financial Officer ("CFO") of Western effective September 15, 2025. Over his 25+ year career Mr. Ross has held various executive level finance roles in publicly traded companies. Mr. Ross's most recent roles include Chief Financial Officer at Cleantek Industries Inc., and VP, Finance at Dexterra Group Inc. and [Read more]

Pemex, Mexico's national oil company, is preparing for the "big block" overhaul at its 312,500-barrel-per-day (bpd) Deer Park, Texas, refinery to begin in early October, people familiar with plant operations said on Friday. The refinery's 270,000-bpd DU-2 crude distillation unit (CDU), the larger of two at the refinery, will be shut for the planned overhaul that will last about 60 days, the sources said. A Pemex spokesperson did not immediately reply to a request for comment. DU-2 breaks down [Read more]