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Iran said it had restarted talks with neighbor Oman to manage the Strait of Hormuz as it faces heightened economic pressure from U.S. President Donald Trump in the wider conflict. Iran and Oman have been in on-and-off talks for weeks about controlling traffic through the strategic waterway, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. Most shipping has been shut down since then. The two countries said on Tuesday that they discussed [Read more]

The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown by rising bond yields and a stalled disinflation process. Georgieva told reporters in a briefing ahead of next week's Group of 20 finance leaders meeting in Asheville, North Carolina, that there was a "tug of war" between the negative Gulf energy [Read more]

The U.S. Secret Service is aware of a video broadcast by Iranian state television discussing a potential plot to assassinate U.S. President Donald Trump's youngest son, a spokesperson said on Tuesday. "The U.S. Secret Service is aware of the video and investigates anything that can be perceived as a threat toward our protectees. Out of concern for operational security, we do not discuss matters of protective intelligence," Secret Service spokesperson Nate Herring said in an email. A [Read more]

A contract that SLB and Venezuela's state-run PDVSA signed last week has granted the U.S. oil services and technology company access to oilfield data from the country with the world's largest crude reserves, three sources close to the negotiations said. The deal will allow SLB to organize and upgrade PDVSA's vast but outdated databases following years of neglect and a recent cyberattack, according to the sources. Venezuela has not published routine oil statistics in more than a decade and the [Read more]

Oman and Iran have agreed on a proposed framework to resume safe navigation through the Strait of Hormuz that includes establishing a joint temporary shipping lane and a project to demine the waterway, they said in a joint statement on Tuesday. Oman's foreign minister arrived in Iran earlier on Tuesday for talks with his Iranian counterpart on future arrangements for the strait. (Reporting by Yomna Ehab and Muhammad Al Gebaly Editing by Gareth Jones) [Read more]

The resurgent trade spat between U.S. President Donald Trump and Canadian Prime Minister Mark Carney comes at a delicate juncture for both North American countries - and the global economy. Missteps between the neighboring G7 nations could have wide-ranging economic impacts. The Trump administration imposed 50% tariffs on an array of ‌Canadian goods on Saturday after bilateral talks collapsed on Friday. These levies might appear modest on the surface, applying to only 5.5% of Canada's exports to [Read more]

Stacked Plays: Banff, Detrital, Crinoidal Banff and Basal Quartz Single and Multi-lateral Development Potential Near Drumheller/Delia, Alberta    Paragon Energy Ltd. is a private start-up with an experienced team and a prospective, contiguous 6-Section of oil & gas rights in the oil-bearing Banff/Detrital/BQ intervals in Alberta. Paragon operates and has recently started producing 33 API Sweet Light Oil from a re-entry/recompletion for the well 14-34-31-18W4/2 from commingled [Read more]