Facility expands access from Alberta oil sands to U.S. Gulf Coast refineries and export hubs The Enbridge Houston Oil Terminal represents the final link in the company’s network connecting oil sands production in northern Alberta directly to the Houston region. Photo courtesy Enbridge Published on September 8, 2026 Author: Grady Semmens Canada’s oil producers have gained a new gateway to one of the world’s most important energy hubs with the opening of [Read more]
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US crude stocks fall, fuel inventories rise on strong refining, EIA says
U.S. crude oil inventories fell while gasoline and distillate stockpiles rose last week on robust refining activity, the U.S. Energy Information Administration said on Thursday. Crude inventories fell by 391,000 barrels to 424.1 million barrels in the week ended September 4, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.55 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 684,000 barrels in the week, the EIA said. Oil futures [Read more]
Joint Statement Between the Minister of Energy and Natural Resources of Canada and the First Deputy Prime Minister of Ukraine, Minister of Energy of Ukraine on Canada-Ukraine Energy Cooperation
CALGARY, AB, Sept. 10, 2026 /CNW/ -- On September 10, 2026, Canada's Minister of Energy and Natural Resources Tim Hodgson and the First Deputy Prime Minister of Ukraine, Minister of Energy of Ukraine Denys Shmyhal met to discuss bilateral cooperation in the energy sector and opportunities to strengthen the long-standing partnership between Canada and Ukraine. The Ministers confirm the strong friendship between Canada and Ukraine and condemn Russia's ongoing attacks on Ukraine's energy [Read more]
US crude oil output rises to fresh record of nearly 14 million barrels a day
U.S. domestic crude oil production rose about 85,000 barrels per day to a record high of 13.95 million bpd in the week ended September 4, data from the Energy Information Administration showed on Thursday. The prior record was set in the week ended August 28 at 13.86 million bpd, according to EIA data. (Reporting by Shariq Khan and Scott DiSavino in New York) [Read more]
Ryanair CEO sees ‘significant’ rise in airfares if oil prices remain high into 2027
Ryanair chief executive Michael O'Leary on Thursday warned of a significant rise in airfares if oil prices remained high into next year but said the outlook for ticket prices for the coming months was "entirely up in the air". "If oil prices remain high into next year, I think there will be a significant uplift in airfares, and we would hope to avoid that," O'Leary told reporters ahead of the airline's AGM. "We expect pricing to be very modestly down in the second quarter (from July to [Read more]
BrightSpot International Energy (Canada) Co. Ltd.: Property Divestiture
BrightSpot International Energy (Canada) Co. Ltd. (“BrightSpot” or the “Company”) and its working interest partner (collectively, the “Partners”) have engaged Sayer Energy Advisors to assist with the sale of their non-core oil and natural gas interests located in the Lloydminster area of Alberta (the “Property”). The Property consists of the Partners’ 100% working interest (60% BrightSpot) in Section 21-050-01W4 and BrightSpot’s 100% working interest in the southeastern quarter of Section [Read more]
Why is the Bab el-Mandeb Strait so important?
The Iran-backed Houthis are seeking to control the whole Yemeni Red Sea coast, which would further consolidate their leverage over the Bab el-Mandeb Strait — one of the busiest and most contested global maritime chokepoints. The militant group has already declared a naval blockade against Saudi Arabia, the world's largest oil exporter, and Houthi dominance over the Bab el-Mandeb waterway would further isolate Gulf oil producers from their main shipping routes. WHERE IS BAB [Read more]
China independent refiners scramble for oil, underpinning spot premiums
Chinese independent refiners have been rushing to secure crude from West Africa, Canada and South America in recent weeks, supporting spot premiums at multi-month highs as they replace thinning Iranian and Russian supplies, trade sources and analysts said. The purchases are set to further tighten physical markets as escalating attacks between the U.S. and Iran have reduced Gulf exports through the Strait of Hormuz, pushing Brent above $100 a barrel. Over the past few weeks Chinese [Read more]
Where global gas and LNG infrastructure is growing: Maguire
Natural gas and LNG have emerged as the fossil fuel industry's most important growth markets as demand for oil and coal comes under mounting pressure from electrification, efficiency gains and climate policies. Governments and utilities are increasingly turning to gas to support rising electricity demand and provide reliable power alongside expanding renewable energy supplies, triggering a global wave of investment in gas-fired generation, pipelines and LNG export and import [Read more]
Trump advisers warn Iran conflict may last through end of his term, WSJ reports
Top White House advisers, including Vice President JD Vance and Secretary of State Marco Rubio, have privately warned President Donald Trump that the conflict with Iran could extend through the remainder of his presidency, the Wall Street Journal reported on Wednesday, citing U.S. officials. The White House did not immediately respond to a Reuters request for comment. The advisers told Trump in private discussions in the Oval Office and the Situation Room that Tehran could continue to [Read more]
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