(Oil Price) – Some traders are betting that Europe’s natural gas prices would surge by 60% from current levels by next summer, amid many uncertainties on the market months from now. Options were traded on Monday at calls of $59 (50 euros) per megawatt-hour for April to September 2026, data compiled by Bloomberg showed on Tuesday. Dutch TTF Natural Gas Futures, the benchmark
(BOE Report) – In what the former Chief of the Fort McKay First Nation calls “a critical step in the right direction,” the Alberta government is moving to accelerate reclamation of more than 1.3 trillion litres of water stored in oil sands tailings ponds. On Sept. 5, the province announced it will expedite setting standards that allow for “mine water” to be
(World Oil) – Ocean Geophysics has partnered with subsea technology specialist EdgeTech to deliver advanced data processing software tailored for EdgeTech’s new eBOSS (Enhanced Buried Object Scanning System). The collaboration marks a step forward in offshore survey and subsea asset assurance, providing operators with more reliable tools for identifying and monitoring buried infrastructure in oil and gas developments. The eBOSS
(Oil Price) – President Donald Trump used his return to the United Nations General Assembly on Tuesday to lash out at both allies and rivals over continued purchases of Russian energy, saying countries buying oil and gas from Moscow are “funding the war against themselves.” Trump singled out China and India as the “primary funders” of Russia’s war in Ukraine, while
(BOE Report) – U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow’s invasion of Ukraine, according to two sources familiar with the talks. The agreement marks a tentative step toward repairing commercial relations between the
(Investing) – HOUSTON – Oil prices rose by more than $1 a barrel on Tuesday after a deal to resume exports from Iraq’s Kurdistan stalled, pacifying some investor concerns that the restart would add to global oversupply fears. Brent crude futures were up $1.18, or 1.8%, to $67.75 a barrel by 10:38 a.m. EDT (1438 GMT), while U.S. West Texas Intermediate crude rose $1.27,
