By Andrew Mills Sept 30 - A flydubai flight from Dubai to Tel Aviv transmitted emergency signals over Jordanian airspace on Wednesday morning, diverting to Saudi Arabia, initially raising fears of a potential hijacking. The Boeing 737 landed safely at Tabuk airport. What appears to have occurred is a physical altercation between the pilots in the cockpit, with one wielding a knife. Israel’s defence minister said preliminary information suggested an attempt to crash the plane. Passengers [Read more]
Headlines
Alberta extends deadline by one month to apply for $100 affordability rebate
EDMONTON - Alberta's government is extending the application deadline for its $100 affordability rebate by one month. Eligible residents will have until Oct. 31 to apply online for the fuel tax payments announced in June. Also, starting Thursday, the province is pausing its fuel tax for three months to help combat the cost at the pumps. Four months ago, Premier Danielle Smith said the rebate was chosen because of concerns that tax cuts don't always get passed on to consumers. But [Read more]
Centrica and Ksi Lisims LNG sign Heads of Agreement for long-term LNG supply
Press Release September 30, 2026 • Centrica Energy to purchase 1 mtpa of LNG from Ksi Lisims LNG on a free-on-board basis for 20 years. • Agreement reinforces Centrica's strategy of building a balanced, resilient global LNG portfolio through long-term agreements with trusted partners and demonstrates Centrica Energy’s growing role in Asian LNG markets. • Ksi Lisims LNG is a proposed 12 mtpa floating export facility in British Columbia, designed to be among the world’s [Read more]
Soft economy should limit Bank of Canada’s rate hikes: Capital Economics
Trade uncertainty and slowing immigration levels could restrict how high the Bank of Canada's benchmark interest rate goes next year, according to a new report published by Capital Economics on Wednesday. The report argues that the risks plaguing Canada's growth prospects will likely rein in inflationary pressures — limiting the degree of monetary policy tightening needed to keep prices in check. The Bank of Canada has held its benchmark interest rate at 2.25 per cent since last October as [Read more]
Ksi Lisims LNG signs long-term supply deal with Centrica Energy
VANCOUVER - Ksi Lisims LNG LP has signed a long-term supply deal with Centrica Energy for its proposed liquefied natural gas export facility. Under the agreement, the parent company behind British Gas will buy one million tonnes of LNG per year for 20 years. Ksi Lisims LNG has proposed a floating export facility located on the northwest coast of B.C. with capacity for 12 million tonnes of LNG per year. With the Centrica commitment, the company says it has signed agreements covering nine [Read more]
US crude oil output rose in July, while petroleum demand declined, EIA says
US crude oil output rose in July, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly (PSM) report on Wednesday. Crude output climbed to 13.95 million barrels per day (bpd) in July, up from 13.84 million bpd in June. The monthly record high was 14.00 million bpd in October 2025. US demand for crude oil and petroleum products fell to 20.61 million bpd in July, down from 20.74 million bpd in June. [Read more]
US oil and gas production rises in Q3 2026 but price uncertainty plagues producers, Dallas Fed survey says
Oil and gas production in the key producing states of Texas, Louisiana and New Mexico rose in the third quarter of 2026, the Dallas Fed said in a survey on Wednesday, but the now seven-month old Iran war continues to rock energy markets and inject uncertainty into producers' plans. The rise in production comes as US oil prices touch $100 a barrel as the war in Iran spills out across the Middle East and disrupts global supplies, hindering some production in the region as well as keeping key [Read more]
US crude stocks rise, gasoline and distillate inventories fall – EIA
US crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 922,000 barrels to 427.3 million barrels in the week ended September 25, the EIA said, compared with analysts' expectations in a Reuters poll for a 264,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 553,000 barrels in the week, the EIA said. Oil futures held onto earlier gains following the report. [Read more]
Oil executives worried over lack of essential element for Venezuela expansion: power
Executives gathered in Caracas this week for the first large energy conference since Washington launched a $100 billion reconstruction effort for Venezuela's oil industry are warning about slow progress to clear the biggest obstacle for their expansion projects: unreliable power. With an unresolved electricity deficit of more than 1,500 megawatts (MW), the OPEC country's long-standing power outages are getting worse as demand recovers, leaving households, shops and factories without power for [Read more]
Trump expected to announce $54 billion South Korea investment in Alaska LNG, sources say
President Donald Trump is expected to announce on Wednesday plans to tap South Korea's pledged $350 billion strategic investment package for about $54 billion to help build a liquefied natural gas facility in Alaska and fund other U.S. projects, according to two people familiar with the discussions. The announcement would be part of a series of economic and investment deals Trump is highlighting ahead of November's midterm elections, as he seeks to reinforce his economic record amid voter [Read more]
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