Headlines

The surge in energy prices triggered by the U.S.-Israeli war on Iran is putting European governments under pressure to help households and businesses, but strained finances in some major economies mean their firepower is limited. That makes it unlikely they will match the broad support provided after Russia's full-scale invasion of Ukraine three years ago, when subsidies and other assistance ran into the hundreds of billions of euros. Mindful of the 2022 energy crisis that exacerbated [Read more]

Calgary, Alberta--(Newsfile Corp. - March 12, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the January Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: January Operational Update - March 2026 Additionally, the Company announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the [Read more]

BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company's last, best, and final offer. "BP will continue to bargain in the best interests of our employees, our company, and the community," the company said in a statement. BP last week had presented the union with a Last, Best and Final offer (LBFO), and said it expires in 10 calendar days. (Reporting by Noel John in Bengaluru; Editing by Jacqueline Wong) [Read more]

The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war. The announcement comes a day after the U.S. Energy Department said that the U.S. would be releasing 172 million barrels of oil from the strategic petroleum reserve in an effort to curb sky-rocketing oil prices in the wake of the war in Iran. That release was [Read more]