Conventional Energy

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U.S. Rig Count Holds at 603 as Oil Drilling Rises and Natural Gas Activity Slips

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. drilling activity held steady this week as an increase in oil-directed rigs offset a decline in natural gas drilling, leaving the national fleet above 600 for a third consecutive week. The U.S. rig count remained unchanged at 603 for the week ended October 23, according to the latest Baker Hughes North America Rig Count …

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OIL PRICES CLIMB as Middle East Supply Fears Intensify — Brent Nears $115 and WTI Moves Above $100

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

EnergyNow Morning Oil Price Report Report Date & Time: October 23, 2026 – 5:35 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$100.94 per barrel, up US$1.47, or 1.48%, from Thursday’s official settlement of US$99.47. Oil is climbing as escalating Middle East tensions increase concerns about international …

OIL PRICES CLIMB as Middle East Supply Fears Intensify — Brent Nears $115 and WTI Moves Above $100 Read More »

EXPLAINER – WTI vs BRENT: Why is There a $15 Spread in Prices?

Conventional Energy, Latest, Oil, US News / By

EnergyNow Media Two of the world’s most important oil benchmarks are trading nearly $15 per barrel apart. Why is Brent commanding such a substantial premium over West Texas Intermediate (WTI), and what does this growing price differential mean for Canadian oil producers? Oil markets are experiencing an unusual divergence between Brent crude, the international pricing …

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Trump Invokes Cold War-Era Defense Production Act for Oil Production, Refining

Conventional Energy, Latest, Natural Gas, Oil, US News / By

  US President Donald Trump determined on Thursday that petroleum production, refining, and related activities are essential to national defense, a move that could open up US funding for fossil fuel projects. In a presidential memo, Trump also invoked part of the Cold War-era Defense Production Act, allowing him to provide financial incentives for oil-related …

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US Regulator is Probing Suspicious Iran Oil Trading, Official Says

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

(Reuters) – The US Commodity Futures Trading Commission is probing suspicious oil trading activity around the US war in Iran and scrutinizing prediction market trading around elections, the agency’s enforcement director said on Thursday at a conference in New York. CFTC Enforcement Director David Miller made the remarks in response to a Bloomberg News story …

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US Refiners Have Run Harder in 2026 as Tight Diesel Supplies Boost Margins, EIA Says

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, Oil, Refineries, US News / By

(Reuters) – The US Energy Information Administration said on Thursday that US refiners have maintained higher-than-normal run rates this year, buoyed by strong margins stemming from tight global supplies of refined fuel products. Refinery utilization has averaged more than 95% of capacity between May and September, the highest for those months since 1998, the EIA …

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Cheniere Signs Long-Term LNG Supply Deals With QatarEnergy Through 2054

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Cheniere Energy said on Thursday it has signed long-term agreements to supply QatarEnergy with 4 million metric tons of liquefied natural gas (LNG) annually from the early 2030s through 2054, as it plans to expand production capacity. Here are more details: Agreements cover 2 million metric tons per year each from Cheniere’s Sabine …

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COMMENTARY: Don’t Mistake Mideast Oil Rebound for Normality: Bousso

CDN and International News, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil / By

  Crude oil prices remain near five-month highs despite a recent surge in Middle East crude exports above pre-war levels and intensifying Iranian attacks on tankers in the Strait of Hormuz. This suggests investors may already be bracing for another round of regional escalation. The rebound in crude flows from the Gulf is striking. Middle …

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Oil Prices Surge as Deadly Attacks on Saudi Energy Infrastructure and Tankers Raise Middle East Supply Fears

Conventional Energy, Latest, Oil, Tri-Pinned / By

EnergyNow Morning Oil Price Report Report Date & Time: October 22, 2026 – 5:30 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$99.28 per barrel, up US$2.13, or 2.19%, from Wednesday’s official settlement of US$97.15. Oil is climbing sharply following deadly attacks on Saudi Arabian infrastructure and …

Oil Prices Surge as Deadly Attacks on Saudi Energy Infrastructure and Tankers Raise Middle East Supply Fears Read More »

Saudi Aramco Seeks to Partner with Countries to Expand its Oil stockpile, CEO Says

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

  Saudi Arabia and its oil giant Aramco are seeking to partner with other countries to expand their strategic stockpile as it sees oil demand increasing to 3 million barrels per day after the Iran war, CEO Amin Nasser told Al Arabiya Business TV on Thursday. Nasser has previously said Aramco’s incident response is now …

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