The sixth round of U.S.-Iran nuclear talks will be held on Sunday in Muscat, the Omani foreign minister said on Thursday, after U.S. President Donald Trump reiterated that Tehran would not be allowed to have a nuclear weapon. Trump said on Wednesday U.S. personnel were being moved out of the Middle East because "it could be a dangerous place". Reuters reported earlier that the U.S. was preparing an evacuation of its Iraqi embassy and would allow military dependents to leave locations around [Read more]
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Foreign energy companies continuing normal operations in Iraq, official says
Foreign energy firms continue operating normally in Iraq, a senior Iraqi official told Reuters on Thursday, after U.S. President Trump said U.S. personnel were being moved out of the Middle East because "it could be a dangerous place". The Iraqi oil ministry did not receive any notification from operators regarding staff reductions, added the official, who oversees operations in southern oilfields. On Wednesday, sources told Reuters that the U.S. was preparing an evacuation of its Iraqi [Read more]
Trump’s energy dominance agenda could be ravaged by Section 899: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters) *Section 899 proposes up to 20% tax on foreign investors' income *Proposal is part of President Trump's signature tax bill *The tax could deal a hefty blow to European oil giants' profits By Ron Bousso LONDON, June 12 - A proposed U.S. tax targeting foreign investors could hurt European energy giants that operate in America's booming oil and gas sector, undermining what President Donald Trump describes [Read more]
China-US trade deal kicks the rare earths can down the road: Russell
The tentative deal between the United States and China may represent a retreat from the worst-case scenario of a total collapse of trade between the world's two biggest economies, but it creates more problems than it solves. President Donald Trump touted the agreement, which is still subject to final approvals on both sides, as a "great deal" that will be good for both countries. "We have everything we need, and we're going to do very well with it. And hopefully they are too," Trump told [Read more]
Oil prices ease as market assesses Middle East tension
Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market participants assessed a U.S. decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity. Brent crude futures were down 49 cents, or 0.7%, to $69.28 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude was 41 cents, or 0.6%, lower at $67.74 a barrel. A day earlier, both Brent and WTI surged more than 4% to their highest since [Read more]
Canada should not rush potential sale of TMX pipeline, Trans Mountain CEO says
Canada should not rush to sell the newly expanded Trans Mountain oil pipeline, its CEO, Mark Maki, said on Wednesday at a conference in Canada. The Canadian government, which owns the pipeline and spent C$34 billion ($24.9 billion) completing an expansion that opened last spring, has indicated it does not wish to be the long-term owner of the pipeline. Maki said on Wednesday he believes the government can recover its investment in the pipeline, but will receive a better sale price for the [Read more]
Discount on Western Canada Select widens marginally
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures widened slightly on Wednesday. WCS for July delivery in Hardisty, Alberta, settled at $8.90 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $8.80 a barrel to Tuesday's trade. * WCS discounts have been tight in recent days, partly due to the wildfire situation in Western Canada. * Last week, wildfires burning in Canada's oil-producing [Read more]
World Bank to end ban on nuclear energy projects, still debating upstream gas
The World Bank's board has agreed to end a longstanding ban on funding nuclear energy projects in developing countries as part of a broader push to meet rising electricity needs, the bank's president Ajay Banga said on Wednesday. Banga outlined the bank's revised energy strategy in an email to staff after what he called a constructive discussion with the board on Tuesday. He said the board was not yet in agreement on whether the bank should engage in upstream natural gas projects, and if so, [Read more]
Japan’s JERA agrees to buy US LNG to rebalance supply portfolio
JERA, Japan's biggest power generator, has agreed to new supply deals for U.S. liquefied natural gas (LNG) from four projects to diversify its global portfolio away from its reliance on Australia, it said on Thursday. JERA plans to buy up to 5.5 million metric tons per annum (mtpa) of U.S. LNG under 20-year contracts, with deliveries starting around 2030. That total includes some previously reported deals as well as newly announced agreements. The move illustrates Japan's efforts to seek [Read more]
Saturn Oil & Gas Inc. Announces Launch of Inaugural Substantial Issuer Bid
Calgary, Alberta--(Newsfile Corp. - June 11, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce the launch, as of the date hereof, of our previously announced substantial issuer bid (the "Offer") pursuant to which the Company offers to purchase from holders ("Shareholders") of common shares of the Company (the [Read more]
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