News

Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia's occupation of territory seized during its military invasion, Bloomberg News reported on Friday. U.S. and Russian officials are working towards an agreement on territories for a planned summit meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin as early as next week, the report said, citing people familiar with the matter. Reuters could not immediately [Read more]

CALGARY, Alberta, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2025. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at June 30, 2025. Readers should also refer to the “Forward-looking statements” legal advisory and the section [Read more]

Oil prices fell on Friday, heading for their steepest weekly losses since late June as the latest round of U.S. tariffs weighed on the economic outlook and likely upcoming Trump-Putin talks raised the prospect of an ease in sanctions on Russia. Brent crude futures were down 51 cents to $65.92 a barrel at 0630 GMT, on track to decline more than 4% week-over-week. U.S. West Texas Intermediate crude futures were down 57 cents, or 0.89%, to $63.31 a barrel, set to fall nearly 6% on a weekly [Read more]

The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, despite official promises to speed up payments. Rafael Espino, president of the AMESPAC association, told Reuters that in a Tuesday meeting with officials from the finance and energy ministries and Pemex, there was no mention of how the company would pay down debts for work [Read more]

The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Thursday. WCS for September delivery in Hardisty, Alberta, settled at $11.95 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.85 a barrel on Wednesday. * The differential between Canadian heavy crude and the U.S. benchmark has trended wider. This is due to the return of more normal market conditions, analysts say, after the discount became [Read more]