U.S. President Donald Trump warned of economic consequences against any country that provided "any type of lifeline to Iran" as the United States looks to resolve a war it began alongside Israel nearly six months ago. Thousands have been killed in the war, which quickly drew in Gulf nations and shocked global markets as Iran flexed its ability to curb shipping through the Strait of Hormuz, which carried about a fifth of the world's traded oil before February. The U.S. and Iran have twice [Read more]
News
China boosts imports of Russian crude, stymieing India’s refiners: Russell
One of the balancing acts that has prevented crude oil prices from spiking higher during the Iran war has been India buying record volumes of Russian crude. But it's getting more challenging for the world's third-biggest crude importer as top-ranked China resumes buying more from Russia amid the ongoing supply disruptions sparked by the conflict. China's imports of seaborne Russian crude in August are estimated at 1.25 million barrels per day (bpd) by commodity analysts Kpler, down [Read more]
Hormuz shipping unchanged amid US-Iran stalemate, data shows
Shipping traffic through the Strait of Hormuz on Wednesday was unchanged from the day before as discussions to end the war between the United States and Iran remained deadlocked, according to the latest shipping data. Commodity vessel transits at Hormuz totalled nine on Wednesday, unchanged from Tuesday, shiptracking data from Kpler showed. Transits remained low amid conflicting claims between the U.S. and Iran. U.S. President Donald Trump said on Tuesday no talks were taking place and [Read more]
North Dakota oil production up 28,000 bpd in June vs May to 1,153,000 bpd – state regulator
Oil production in North Dakota rose 28,000 barrels-per-day (bpd) to 1,153,000 bpd in June, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,126,000 bpd in the month. The data was released on the North Dakota Industrial Commission's general statistics webpage and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission's monthly index report, also available on its website. [Read more]
Trump boasts Keystone XL as trade talk win. It’s not clear it was ever off the table.
OTTAWA - U.S. President Donald Trump boasted Tuesday about reviving the Keystone XL pipeline project, touting it as a win in trade negotiations with Canada. Trump posted on his Truth Social platform that Canada and the U.S. “have a DEAL!” “The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!” he wrote. A subsequent post showed a rendering of the president yanking a pipeline out of the ground beside a tombstone labelled “buried by Biden” and [Read more]
US, Canada trade negotiators meet after Trump sets new tariff deadline
Canadian and U.S. trade negotiators met on Wednesday after President Donald Trump paused planned 50% tariffs on some Canadian goods for three days, as sources said auto tariff levels remained a sticking point. The Canadian minister responsible for U.S. trade, Dominic LeBlanc, and Canada's chief trade negotiator Janice Charette met U.S. Trade Representative Jamieson Greer, LeBlanc's office said in a statement. Trump said late on Tuesday the two countries had a deal subject to the finalization [Read more]
A look back at the Keystone XL pipeline drama as Trump touts its potential revival
CALGARY - The latest volley of U.S. tariffs targeting Canada are temporarily on hold, and social media postings from U.S. President Donald Trump suggest a revival of the defunct Keystone XL pipeline is factoring into ongoing negotiations. Trump posted Tuesday night on his Truth Social platform that Canada and the U.S. "have a DEAL!" "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!" he wrote. A subsequent post showed a rendering of the [Read more]
US crude and gasoline inventories rise, distillate stocks fall – EIA
U.S. crude and gasoline inventories rose while distillate stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 4.4 million barrels to 428.8 million barrels in the week ended August 14, the EIA said. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.3 million barrels in the week, the EIA said. Oil prices were flat following the report. Global Brent crude futures were trading at $91.85 a barrel, up 83 cents, at 10:43 [Read more]
US weekly refiner inputs rose to highest in nearly seven years, EIA data shows
U.S. refiners net input of crude oil rose to about 17.4 million barrels per day in the week ended August 14, the highest since September 2019, data from the Energy Information Administration showed on Wednesday. Refiners along the U.S. Gulf Coast pulled crude at the fastest pace in eight years last week, the data showed. Gulf Coast refiners net input of crude averaged 9.62 million bpd last week, up from 9.59 million bpd in the week prior to last, the data showed. (Reporting by Shariq Khan [Read more]
Hydro Vault Energy Inc.: Corporate Divestiture
Hydro Vault Energy Inc. (“Hydro Vault” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of the shares of the Company. Hydro Vault is a junior oil and natural gas company with oil and natural gas interests located in the Greater Golden Spike area of Alberta (the “Property”). In the Greater Golden Spike area, Hydro Vault holds various working interests in approximately 9 sections of land at Golden Spike and Telfordville, on which there are oil and natural gas [Read more]
- « Previous Page
- 1
- …
- 64
- 65
- 66
- 67
- 68
- …
- 3880
- Next Page »