Headlines

Shale producer Occidental Petroleum said in a filing on Tuesday its worldwide average realized oil prices rose 32.6% in the third quarter from a year earlier, as concerns over supply disruptions linked to the US-Iran war and restricted oil flows through the Strait of Hormuz lifted crude prices. The US-Iran war has pushed up oil prices by raising supply concerns and disrupting flows through the Strait of Hormuz, which carries about a fifth of the world's oil. * In September, the company [Read more]

The Kremlin said on Tuesday that it did not see any direct link between a deal on exporting Russian diesel to the United States and Moscow's own stance on the Ukraine peace talks. It was commenting on a Reuters source-based story, which reported that US President Donald Trump's envoys had told Ukrainian officials on Friday that the deal to allow Russian diesel exports was part of an attempt to draw Russia back into negotiations over a possible peace settlement in Ukraine. "I don’t see any [Read more]

The US 10-year Treasury yield would need to climb to nearly 6% before bonds become compelling enough for investors to draw money away from stocks, highlighting the resilience of equity markets even as borrowing costs jump, Bank of America's latest Global Fund Manager survey found. The survey, carried out between October 2 to 8, found investors were the least optimistic since the June poll, but were still bullish on macro and markets heading towards the US midterm elections and third quarter [Read more]

CALGARY, Alberta, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announces the award of a major Engineered Systems (“ES”) project. The Company has been contracted to design, engineer, fabricate, and assemble over one gigawatt of low emission behind-the-meter natural gas-fired power generation units for a large-scale North American data center development. Combined with additional project awards, including approximately 450 megawatts [Read more]

US President Donald Trump's trademark ability to talk down oil markets with a few words is fading as the Iran war drags on, leaving global energy prices far more exposed to escalation. The Republican president's so-called "jawboning" was one of the defining features of the Iran conflict's early months after fighting erupted in late February. In the months before the short-lived July ceasefire, Trump's repeated public statements and social media posts that said Washington and Tehran were [Read more]

BP expects to report $3 billion to $4.5 billion of impairments in its third quarter results, relating to its gas and low-carbon energy segment, the oil major said on Tuesday. This is the second time in a year that the British firm has booked large write-downs in its low-carbon business, previously flagging $4 billion to $5 billion in impairments in January. BP declined on Tuesday to comment further on details of the impairment. The refining indicator margin for the quarter is due to be [Read more]

Japan's cabinet approved three bills on Tuesday to strengthen energy supply security, including measures to offset higher costs of importing crude oil through routes that bypass the Strait of Hormuz, Industry Minister Ryosei Akazawa said. The government plans to submit the bills to parliament during the current extraordinary Diet session. * "Through these three bills, we aim to improve supply security by diversifying sources of crude oil and other fossil fuels and reducing related risks," [Read more]

Oil prices climbed on Monday as attacks on Saudi Arabia overshadowed hopes for supply improvements, and expectations for higher US interest rates to fight inflation drove the dollar higher on a narrowly mixed day for global stocks. The action came after US President Donald Trump hailed fresh Russian diesel exports and a Russia-Ukraine energy ceasefire. The dollar's rise in recent months has been driven in large part by expectations that high prices for energy and other goods will force the [Read more]