News

CALGARY, AB, Aug. 5, 2025 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead" or the "Company") is pleased to announce that the Alberta Energy Regulator ("AER") has completed its review of the Directive 088 transfer application related to the well, facility, and pipeline licenses acquired as part of the previously announced Ferrier acquisition. On Friday, August 1, 2025, the AER transferred the Ferrier licenses to Fiddlehead. The Company is now actively working with the Vendor to [Read more]

Canada's merchandise trade deficit widened in June to C$5.9 billion ($4.24 billion) as imports grew faster than exports due to a one-time high-value oil equipment import, data showed on Tuesday. The deficit observed in June is the second highest on record after the deficit dipped to its largest in history n April to C$7.6 billion. Analysts polled by Reuters had predicted the trade deficit to widen to C$6.3 billion in June from a downwardly revised C$5.5 billion in May. Total imports [Read more]

U.S. President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% "very substantially" over the next 24 hours, given India's continued purchases of Russian oil. "They're fueling the war machine, and if they're going to do that, then I'm not going to be happy," Trump told CNBC in an interview, adding that the main sticking point with India was that its tariffs were too high. He did not provide a new tariff rate for [Read more]

U.S. President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. "If energy goes down enough, Putin is going to stop killing people," Trump said in an interview on CNBC. "If you get energy down, another $10 a barrel, he's going to have no choice because his economy stinks." (Reporting by Andrea Shalal and Doina Chiacu; Editing by Andrew Heavens) [Read more]

The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could fall in early 2026. U.S. energy companies are producing record amounts of oil, much of it from onshore shale fields. New techniques and technology, like longer lateral wells, automation and more powerful equipment, have driven productivity gains across the industry that have allowed oil companies to pump more with fewer rigs [Read more]