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Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

CDN and International News, Conventional Energy, Latest, LNG, Oil / By

(Reuters) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in …

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Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By Kevin Crowley The surge in oil and natural gas prices from the Iran war might seem like good news for the world’s biggest energy companies, but disruptions to production in the region, shipping blockades and hedging losses make the reality far more complicated. Exxon Mobil Corp. and Chevron Corp. lost about 6% of their …

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Ovintiv Announces Closing of Anadarko Asset Sale

Latest, Press Releases / By

DENVER, April 9, 2026 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced all cash sale of its Anadarko assets, located in Oklahoma, for $3.0 billion. After customary closing adjustments, proceeds from the sale are expected to total approximately $2.85 billion. “The Anadarko sale completes the transformation of our …

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PREPARING TO LOAD: Middle East Producers Prepare For Oil Export Resumption via Hormuz

CDN and International News, Conventional Energy, Latest, Oil, Tri-Pinned / By

(Reuters) – Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of ​shipping through the Strait of Hormuz, three sources with knowledge of the matter said. A two-week ‌ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for …

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EQT, Glencore Commit to Buy More LNG from Commonwealth, Filing Shows

Conventional Energy, Latest, LNG, US News / By

Summary Commonwealth secures enough LNG sales to begin project financing process Glencore’s total LNG offtake rises to 3 mtpa, EQT’s to 2 mtpa, filing shows EQT’s new ​contract replaces JERA’s terminated volumes HOUSTON, April 9 (Reuters) – EQT Corp  ‌and Glencore  have each agreed to buy an additional 1 million metric tons per annum of liquefied natural …

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Trump Says Iran Should not Charge Fees to Tankers Going Through Strait of Hormuz

CDN and International News, Conventional Energy, Latest, Oil / By

President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. “There are reports that Iran is charging fees to tankers going through the Hormuz Strait,” …

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Attacks Cut Saudi Oil Output and East-West Pipeline Flow, State News Agency Says

CDN and International News, Conventional Energy, Latest, Oil / By

Attacks on Saudi energy facilities have cut the kingdom’s oil production capacity by around 600,000 barrels per day and the throughput on its East-West pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry. The attacks, including previous strikes on some facilities, also disrupted …

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ConocoPhillips Visits Venezuela to Evaluate Oil Opportunities 

Conventional Energy, Latest, Oil, US News / By

ConocoPhillips said on Thursday it is sending a small evaluation team to Venezuela this week to evaluate oil and gas opportunities. The U.S. oil producer left the South American country in 2007 after its assets there were nationalized. The company is owed about $12 billion with interest following arbitration awards stemming from the expropriations. ConocoPhillips said …

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US Solicits Proposals for 30 million Barrels of SPR Oil

Conventional Energy, Latest, Oil, US News / By

The Trump administration said on Thursday that it was offering to loan up to 30 million barrels of crude oil from the West Hackberry Strategic Petroleum Reserve site, marking the third solicitation of proposals from oil companies since fuel prices spiked due to the U.S.-Israeli war on Iran. Companies can submit proposals to exchange oil …

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Venezuela Dragging Out on New Oil Contract Models as Energy Investors Wait

CDN and International News, Conventional Energy, Latest, Oil / By

Missed deadlines for contract review delay investment decisions Some firms await contract details before moving forward Meetings with officials yield limited information (Reuters) – Energy companies evaluating whether to invest in Venezuela are waiting for the OPEC nation’s oil ministry to release contract models that will provide specific terms to continue, expand or start businesses …

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