MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2025. SECOND QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 495.7 MBO/d (919.9 MBOE/d) Net cash provided by operating activities of $1.7 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.1 billion Cash capital [Read more]
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InPlay Oil Corp. Welcomes Delek Group
CALGARY, AB, Aug. 3, 2025 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announces that Obsidian Energy Ltd. ("Obsidian") has entered into a definitive agreement with Delek Group Ltd. ("Delek") in respect of the sale of all 9,139,784 common shares ("Common Shares") in the capital of InPlay currently held by Obsidian (the "Transaction"). "We are thrilled to welcome the Delek Group to our organization as part of their impressive oil and gas [Read more]
Obsidian Energy Announces Definitive Agreement to Sell Common Share Position in InPlay Oil Corp.
Calgary, Alberta--(Newsfile Corp. - August 4, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy" or the "Company") announced today that it has entered into a definitive agreement with Delek Group Ltd. (the "Purchaser") pursuant to which the Purchaser has agreed to acquire the Company's common share position in InPlay Oil Corp. ("InPlay"), consisting of 9,139,784 InPlay common shares ("InPlay Shares") and representing approximately 32.70% of the issued and outstanding [Read more]
Venezuela’s oil exports fell in July as partners awaited US authorizations
Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S. authorizations to expand operations in the country, according to vessel tracking data and company documents. Washington in late July green lit producer Chevron to operate in the sanctioned country and export its crude to the U.S. under a restricted license that does not allow any payment to Venezuelan President Nicolas Maduro's administration. Other PDVSA partners [Read more]
Malaysia agrees to boost tech, LNG purchases from U.S. as part of trade deal
Malaysia will spend up to $150 billion in the next five years to buy equipment from U.S. multinationals for its semiconductor, aerospace and data centre sectors, part of a deal with Washington to cut tariffs, its trade minister said on Monday. The United States announced last week that it would impose a 19% tariff on Malaysia starting from August 8, lower than a 25% levy threatened last month. State energy firm Petroliam Nasional Berhad will buy liquefied natural gas worth $3.4 billion a [Read more]
Oil slips as OPEC+ proceeds with September output hike
Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world's biggest oil user, adding to the pressure. Brent crude futures fell 40 cents, or 0.57%, to $69.27 a barrel by 0115 GMT while U.S. West Texas Intermediate crude was at $66.96 a barrel, down 37 cents, or 0.55%, after both contracts closed about $2 a barrel lower on Friday. The Organization of the Petroleum Exporting Countries [Read more]
Goldman keeps Brent oil forecast, but flags downside risks to demand
Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments. "Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, especially given the faster-than-expected normalization in spare capacity," the investment bank said in an August 3 note. However, Goldman flagged a [Read more]
OPEC+ gets lucky as it brings back oil output amid uncertainty: Russell
A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per day of crude production and still keep oil prices anchored around $70 a barrel. But this is exactly what has occurred, with the eight members of the producer group winding back the last of their 2.2 million bpd of voluntary cuts by September, as well as allowing a separate increase for the United Arab Emirates. The eight OPEC+ members met virtually on Sunday, [Read more]
India will buy Russian oil despite Trump’s threats, NYT reports
Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report. The White House, India's Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did not immediately respond to requests for comment. Trump last month indicated in a Truth Social post that India would face additional penalties for [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Friday. WCS for September delivery in Hardisty, Alberta, settled at $11.70 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.65 a barrel on Thursday. * The differential between Canadian heavy crude and the U.S. benchmark is the widest it's been since March. This is due to the return of more normal market conditions, analysts say, after the [Read more]
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