Two people were killed after Saudi air defences intercepted a drone that was attempting to hit a facility at Saudi Aramco's Shaybah oilfield on Wednesday, the energy ministry said. The incident comes amid an escalation of missile strikes by Yemen's Iran-aligned Houthis on the kingdom. The incident caused a fire in a vehicle outside the facility's perimeter but did not affect operations at the field, the ministry said, citing an official source. "The attempted attack resulted in the [Read more]
Headlines
US preparing to issue ordered departure of some personnel from Gulf embassies – US officials
The US State Department is preparing to issue an ordered departure of some personnel and family members from US embassies across the Gulf region, three US officials said on Wednesday. The move was due to a possible resumption of hostilities, particularly with Iran-aligned Houthi militia in Yemen, two of the US officials said. The US Embassy in Riyadh issued a security alert on Wednesday about possible further attacks by the Houthis on Saudi Arabia, after recent deadly strikes including on [Read more]
Chevron to sharpen US Gulf focus with sale of older assets
Chevron is exploring the sale of some of its older oil and gas assets in the US Gulf, the company confirmed to Reuters, part of an effort to focus on high-growth developments in the region. The energy producer is in the early stages of a multi-month process that could see a number of assets offloaded, a Chevron spokesperson said in response to questions from Reuters about the sale effort. "We are initiating the process of marketing some of our mature Gulf of America producing assets, [Read more]
Exxon shuts catalytic reformer at 275,000-bpd Joliet refinery, Wood Mackenzie says
ExxonMobil has shut one of its catalytic reformers at its 275,000-barrel-per-day refinery in Joliet, Illinois, Wood Mackenzie said on Wednesday. The 50,000-bpd catalytic reformer was taken offline on October 20, according to Wood Mackenzie, noting that "decreased stack activity and elevated flaring began at that time." "We’re working to resolve an operational issue. The safety of the community and our workforce remains our primary focus," ExxonMobil spokesperson said on Wednesday, without [Read more]
A shield, not a sword, for Saudi Arabia
By Andrew Mills Oct 21 - Iran is deliberately prolonging talks with Washington to weaken President Donald Trump before the November 3 midterm elections, senior Iranian officials told Reuters. They say Tehran is preparing for renewed US and Israeli strikes, not a deal. It is doing so as inflation hits 73.6% and seaborne oil exports have fallen to zero. Tehran's diplomacy has stalled on a second front. Iran says its offer to broker an end to the fighting between Saudi Arabia and the Houthis [Read more]
Minister Hodgson promotes Canadian energy and mining in London
LONDON, Oct. 21, 2026 /CNW/ -- Canada has what the world wants. Our resources, expertise and institutions can support global energy security and affordability today while laying the foundation for a more prosperous, secure lower-carbon future. We have renewed ambition to engage with the world, diversify our trade and back our partnerships with investment that builds a stronger Canada and supports our allies. Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, [Read more]
United Airlines sees elevated fuel costs through 2027, flags margin challenges
United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United's goal of double-digit pretax margins next year would probably require lower fuel costs, slower industry capacity growth or airlines continuing to prioritize higher fares over fuller planes. The Iran war has disrupted oil and jet fuel shipments from the Middle East, while attacks on energy infrastructure have further strained supplies. Restoring [Read more]
US crude and gasoline stocks fall, distillates rise, EIA says
US crude and gasoline stocks fell last week, while distillate inventories rose, the US Energy Information Administration said on Wednesday. Crude inventories fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, the EIA said, compared with analysts' expectations in a Reuters poll for a 820,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose 987,000 barrels in the week, the EIA said. Oil inventories moved into positive territory [Read more]
Building a Sustainable Future: What It Means to Be Recognized as One of Canada’s Greenest Employers at Fluor
At Fluor Canada, creating a culture of environmental awareness in the workplace is an important part of our commitment to sustainability, and a significant pillar in our promise to aid in building a better world. Sustainability is not simply a goal we work toward, it is something we strive to embed into the everyday experiences of our employees, our workplace and the communities where we operate. Being recognized as one of Canada’s Greenest Employers for 2026 reflects this commitment and, [Read more]
Saudi crude oil exports hit five-month high in August, data shows
Saudi Arabian crude oil exports in August rose by about 7.9% from July to 4.451 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative showed on Wednesday. The exports rose even as oil production fell to a record low of 6.24 million bpd from 8.135 million bpd in July. Saudi Arabia, the world's largest oil exporter, and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures for publishing on [Read more]
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