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Canadian Natural Says Oil Sands Expansions Paused Until Government Agreements Finalized

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

By Amanda Stephenson and Varun Sahay Jackfish, Pike 2 and proposed Jackpine expansion remain on hold, CEO says Early engineering work for all three projects had been slated for this year Canadian Natural raises 2026 production forecast to 1.637 million to 1.682 million boepd Aug 6 (Reuters) – Canadian Natural Resources (CNQ.TO) will not move …

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US is Set to Import Most Middle East Crude Since Iran War Began

Conventional Energy, Latest, Oil, US News / By

By Arathy Somasekhar US imports of Middle Eastern crude to top 600,000 bpd in August, ship-tracking data shows At least 11 tankers loaded with Middle Eastern oil signal US ports Over 20 supertankers sailing empty towards the Gulf of Mexico to pick up crude HOUSTON, Aug 6 (Reuters) – U.S. imports of Middle Eastern crude …

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AMERICAN ENERGY SNAPSHOT: How America Became the World’s Energy Stabilizer

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

By API – American Petroleum Institute The current disruption has tested global energy markets. While uncertainty remains high, the United States entered this period producing record amounts of oil, operating world-class refineries and supplying more new energy to global markets than any other country. Markets remain tight, inventories are low and uncertainty around the Strait of …

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Japex to Buy US Tight Oil and Gas Assets for $320 Million

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Oil, US News / By

(Reuters) – Japan Petroleum Exploration said on Thursday it will acquire all equity interests in four Fundare companies holding tight oil and gas assets in Colorado and Wyoming for about $320 million. The acquisition, expected to close in the October-December quarter, follows the purchase of adjacent Verdad Resources assets in February and is expected to …

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Oil Traders Double Down on Iran Deal Bet as Odds Worsen: Bousso

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

(Reuters) – Global crude prices have fallen back towards $80 a barrel on expectations that a U.S.-Iran dealwill reopen the Strait of Hormuz, echoing the market response before the largely failed mid-June ceasefire. But the global energy market is now far more precarious, making traders’ optimism even less justified. Brent crude oil has tumbled from …

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ConocoPhillips Completes $1.7 Bln Asset Sale, Hits Divestiture Target Early

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  (Reuters) – ConocoPhillips said on Thursday it has completed the sale of $1.7 billion of ​noncore Lower 48 assets in ‌July, helping the U.S. oil producer reach its $5 billion asset disposition target ahead of schedule. Here ​are some details: Asset sales have ​become a key step for large shale ⁠producers looking to streamline operations, …

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Iran and Oman Reach Understanding on Coordinates of Route Through Hormuz, Iran Ministry Says

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

(Reuters) – Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday. Baghaei added that any such agreement between Iran and Oman …

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US Crude Inventories Rise as Refinery Runs Ease and Imports Climb, EIA Says

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

(Reuters) – U.S. crude stocks rose as refineries eased processing slightly and imports edged higher, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 2.5 million barrels to 407 million barrels in the week ended July 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.5 …

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Fuel Shipping Waiver Extension ‘Quite Likely,’ Energy Chief Says

Conventional Energy, Latest, Oil, US News / By

By Ari Natter Trump administration officials are moving toward granting another temporary extension of a waiver of a century-old shipping law that made it easier to move oil, fuel and fertilizer around the US, the nation’s energy chief said Tuesday. “I think another temporary extension of the Jones Act waivers are quite likely to happen,” …

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REALITY: Trump Says America Does Not Need Canadian Energy. The Facts, and His Own Policies, Say Otherwise

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

by EnergyNow Guest Columnist President Donald Trump has repeatedly claimed that the United States does not need Canadian energy. Ahead of his May 6, 2025, meeting with Prime Minister Mark Carney, Trump wrote that the United States did not need Canada’s energy, automobiles or lumber and questioned why America should continue buying those products. It …

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