Oil prices edged higher on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raising risk premiums in the market. Brent crude futures were up 28 cents, or 0.43%, at $65.91 a barrel at 0057 GMT, while U.S. West Texas Intermediate crude futures rose 23 cents, or 0.37%, to $62.89. Both contracts hit their lowest in two months on Wednesday after bearish supply guidance [Read more]
News
Discount on Western Canada Select narrows
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for September delivery in Hardisty, Alberta, settled at $11.80 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.15 a barrel on Tuesday. * The differential between Canadian heavy crude and the U.S. benchmark has trended wider this month than earlier in the summer. The completion of maintenance projects at Canadian oil sands [Read more]
Ottawa funds $25M for companies to build EV chargers, buy natural gas-powered trucks
OTTAWA - The federal government announced $25 million in funding today for companies to build more than 850 electric vehicle chargers, mostly in Quebec. The money will also help companies finance the purchases of natural gas-powered transport and recycling trucks to help companies lower emissions. According to the government nearly one quarter of Canada's total annual emissions comes from transportation, with a significant amount from medium to heavy-duty vehicles — such as [Read more]
Birchcliff Energy Ltd. Announces Q2 2025 Results, Strong New Well Performance and Declares Q3 2025 Dividend
CALGARY, Alberta, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2025 financial and operational results and provide an operational update with respect to its 2025 capital program. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “Our strong operational and financial performance continued during the second quarter of 2025. We maintained our focus on operational excellence and [Read more]
Crude oil flows on Enterprise’s Texas Seaway pipeline fall, leak reported
Crude oil flows on the Seaway pipeline in Texas fell on Wednesday, four sources said, as the pipeline's operator reported a leak on the system to state regulators. The 950,000-barrel-per-day Seaway pipeline runs between Cushing, Oklahoma, and the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal, a storage facility in southeast Houston. Pipeline owner Enterprise said a crude oil leak on part of the Seaway pipeline system in Houston occurred on Tuesday, [Read more]
Venture Global LNG expects to win remaining arbitration cases against major energy companies
Liquefied natural gas producer Venture Global expects to win its remaining arbitration cases against major energy companies following its victory against Shell, CEO Mike Sabel said on Wednesday. The Arlington-based company's stock rose 8% at midday, a day after it won the legal battle over Shell's failure to deliver LNG under long-term contracts starting in 2023. The remaining cases are over similar contract disputes with companies that include BP, Edison, Orlen, Repsol and Galp. "We [Read more]
Rate cuts and falling dollar will fuel inflation
Interest rate cuts and the falling dollar will fuel inflation that is already above the Federal Reserve target - which may not just end the easing cycle early, it might spur a tightening cycle that no one is currently expecting. Core CPI, which rose to 3.1% year-on-year in July, is substantially higher than the central bank's 2% target, and will be supported by the weaker dollar. If they account for the inflationary effect of import tariffs, then those sitting short of dollars have good [Read more]
US crude and distillate inventories rise, gasoline inventories fall, EIA says
U.S. crude and distillate inventories rose while gasoline stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 3 million barrels to 426.7 million barrels in the week ended August 8, the EIA said, compared with analysts' expectations in a Reuters poll for a 275,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 45,000 barrels in the week, the EIA said. Oil prices pared some losses following the report. [Read more]
Driving across Canada
This summer, I did something I haven’t done in a while - drove across Canada. Or most of it anyway, from the NS Atlantic to Calgary. It is a formidable journey, of limited variability. I saw countless millions of trees. I saw at least 31 dead raccoons, possibly many more, but in the spirit of statistical integrity only identifiable carcasses were counted, and only if identifiable from behind the wheel. I saw scant benefit in putting in more effort. In a similar vein, the trees of northern [Read more]
Alliance Pipeline calls for expressions of interest in new transportation capacity to Alberta’s Industrial Heartland
CALGARY, AB– (July 25, 2025) – Alliance Pipeline Limited Partnership (Alliance) is soliciting non-binding expressions of interest for a new short-haul point-to-point transportation service on the Canadian segment of its system in northwest Alberta with delivery to a new meter station in Fort Saskatchewan. As part of its proposed point-to-point service offering, Alliance has initiated a feasibility study for up to 350 million standard cubic feet per day of incremental capacity with an [Read more]
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