Calgary, Alberta--(Newsfile Corp. - October 16, 2026) - 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, confirms that the Company intends to report our Q3 2026 financial results on Wednesday, November 4, 2026, after market close. A conference call and webcast will be held on Thursday, November 5, 2026, at 8:00 am ABT (9:00 am EST) for [Read more]
Headlines
US energy stocks gain as oil tops $100 on supply fears
** S&P 500 energy index up 1.8%, tracking higher oil prices ** Brent crude futures up 2.9% at $109.02 a barrel, after hitting its highest since September 14 ** US West Texas Intermediate crude rise 2.6% to $100.52 a barrel, crossing $100 for the first time since September 21 ** Prices gainmore than 3%, heading for weekly gains on continued uncertainty over Middle East supplies, and as investors kept assessing how much diesel Russia could supply to the global markets ** Energy [Read more]
US energy firms left the rig count unchanged this week, Baker Hughes says
US energy firms left the rig count unchanged this week with oil rigs down and natural gas and miscellaneous rigs up, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held steady at 603 in the week to October 16. Baker Hughes said that put the total rig count up 55 rigs, or 10% above this time last year. Baker Hughes said oil rigs fell by three to 459 this week, while gas rigs rose by [Read more]
Zelenskiy warns against normalising deals with Russia after Trump’s diesel accord
Ukraine's President Volodymyr Zelenskiy warned the world of looming risks from the diesel deal struck by President Donald Trump with Russia, saying it paves the way for further sanctions relief for an aggressor that shows no desire to end its war. Ukrainians struggling with a fifth year of Russian attacks on their power grid and other civilian infrastructure have said they are appalled by Trump's decision to open the US market for Russian diesel. They have also condemned his attempts to blame [Read more]
US solicits exchange of up to 17 million barrels of oil from strategic reserve
The United States has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the nation's Strategic Petroleum Reserve, the Department of Energy said on Friday. The exchange would be part of a global deal the US struck in Marchto try to control fuel prices impacted by the war on Iran. Washington agreed then to loan 172 million barrels of oil from the SPR as part of a wider deal with about 30 countries in the International Energy Agency to release 400 [Read more]
Dmitriev says Russian wealth fund will work with US on payment for diesel deal
The US Treasury has asked Russia's sovereign wealth fund to help solve payment issues relating to a deal between presidents Donald Trump and Vladimir Putin on the sale of Russian diesel, Putin's investment envoy Kirill Dmitriev said on Friday. Dmitriev said the Treasury had requested the Russian Direct Investment Fund, which he heads, to "facilitate payments and solve tactical issues". The RDIF "will work to ensure that all payments are efficient and reach their intended recipients", he [Read more]
Shell receives exemptive relief from Canadian securities regulatory authorities regarding future Canadian filings
CALGARY, AB, Oct. 16, 2026 /CNW/ -- Shell plc ("Shell" or the "Company") announced today that it has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. Shell became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of ARC Resources Ltd. in September 2026, which made the Company subject to Canadian continuous disclosure and other reporting obligations under applicable Canadian securities [Read more]
ExxonMobil signals $4.5 billion refining earnings boost as margins soar
ExxonMobil signaled on Friday that higher refining margins during the third quarter could boost its downstream profit by $4.5 billion compared with the previous three months. Refining margins have soared due to the ongoing Iran war, which has restricted energy exports through the Strait of Hormuz, as well as Ukrainian attacks on Russian refineries. The resulting higher fuel prices have created political risks for the administration of US President Donald Trump ahead of the midterm elections [Read more]
Alberta is to vote on holding a separation referendum. A timeline on how we got here
EDMONTON - Albertans vote Monday in a referendum asking whether they want the province to stay in Canada or to have a second, binding referendum on separating from Canada. Strains of western alienation go back decades. Here's a look at some key events: 1980 — The federal government ignites widespread alienation in Alberta with the National Energy Program, which keeps domestic oil prices below world levels to promote Canadian energy security and increase the federal share of oil revenues. [Read more]
Prospera Energy Restarts Five Additional Luseland Wells at $6,400 per Flowing Barrel; First Ten Reactivations Return 1.92x Capital
Calgary, Alberta--(Newsfile Corp. - October 16, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") has completed workovers on five heavy oil wells at Luseland, Saskatchewan. The service rig worked through all five wells between September 21st and October 10th, 2026, at a combined cost of $247.2K against a budget of $321.9K, coming in 23% under plan. Four of the wells are on production and have averaged a combined 54.5 bbl/d of oil [Read more]
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