(Oil Price) – U.S. oil producers flocked to hedge higher prices for their output for the rest of the year and early into 2026 as international crude oil prices surged earlier this month. Early on June 13 local time, Israel attacked Iranian nuclear facilities and military leadership in coordinated strikes that sent oil prices surging amid concerns that an escalating conflict could disrupt
(Investing) – BRUSSELS -European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy. The European Commission has proposed the package in an effort to push Russia to negotiate a ceasefire with Ukraine
(New York Post) – New York is planning to build the first major new US nuclear power plant in more than 15 years, Gov. Kathy Hochul said — and it will have enough output to power 1 million homes. The New York Power Authority has been instructed to develop the zero-emission advanced nuclear power plant in upstate New York with no less than
(World Oil) – SLB has announced a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the U.S., to expand the adoption of automated and autonomous drilling solutions. The collaboration aims to deliver optimized performance through enhanced operational efficiency and consistency in execution by scaling advanced digital solutions. Under the agreement, Cactus will build on its
(Oil Price) – Alberta could receive within weeks a proposal from a private company for a new pipeline from the oil-rich province to British Columbia’s northwest coast, Alberta Premier Danielle Smith told Bloomberg News in an interview published on Tuesday. A new pipeline to Canada’s northwest Pacific coast “is the most credible and the most economic of all of the pipeline proposals the
(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. The review was first launched in 2018 as part of a G20 commitment to eliminate all “inefficient” subsides to the fossil fuel sector. It was
(Investing) – NEW YORK – Oil prices fell about 5% to a two-week low on Tuesday on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. That ceasefire, however, was on shaky ground with U.S. President Donald Trump accusing both Israel and Iran of violating it just hours after it was
