4 d. ago IEA Sees Big Downside Risks to Russia Oil Output From Sanctions

The International Energy Agency said there’s “considerable downside risk” to its outlook for Russian crude production from US sanctions, but held back from estimating the impact until it sees more details on enforcement.

Events

5 d. ago Chevron Picks West Texas for First AI Data Center Power Project

Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center, the beginning of a new line of business for the oil giant to capitalize on the boom in artificial intelligence.

Other

7 d. ago Race to Run Lukoil Assets Heats Up With Days to Sanctions Cutoff

Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the US Treasury sanctioned the company and then quashed a key bid for its assets last week.

Events

1 week ago Canadian Natural president awaiting more detail on Ottawa’s climate plans

CALGARY — The president of oil and gas giant Canadian Natural Resources Ltd. says this week’s federal budget had some positive signs for the industry, but he’s waiting for more detail about how the government’s climate policy is going to shake out. “We like the discussions that are going on,” Scott Stauth told analysts on […]

Society

1 week ago Suncor shares jump after oil giant ups production forecasts, delivers earnings beat

CALGARY — Shares in Suncor Energy Inc. rose almost six per cent after the oil giant increased its production and refinery throughput forecasts for the year and delivered better-than-expected third-quarter results. The stock was up $3.29 to $58.94 in midday trading on the TSX on Wednesday. Suncor says it expects to finish 2025 with oil […]

Other

1 week ago Aramco Surprises With Profit Beat in Sign of Easing Pressure

Saudi Aramco posted a surprise increase in third-quarter profit as a production boost helped mitigate the impact of lower crude prices and snapped a years-long streak of falling earnings at the oil giant.

Other

2 w. ago Giant Abu Dhabi Oil Field Could Hit Target Early, Says Exxon CEO

Abu Dhabi’s Upper Zakum offshore oil field is likely to reach its target for expanding production capacity ahead of schedule, said Exxon Mobil Corp. Chief Executive Officer Darren Woods.

Other

2 w. ago Oil Steadies as Traders Weigh US Moves on Venezuela, Oversupply

Oil steadied as traders weighed impending OPEC+ talks to decide on whether to boost output again against reports that the US plans military strikes on OPEC producer Venezuela.

Economics

2 w. ago Shares in Asia are mixed and Chinese markets fall despite Trump’s trade truce with Xi

MANILA, Philippines (AP) — Asian shares are mixed after the U.S. stock market sank from record heights as Wall Street sifted through various developments such as trade relations with China and profits of Big Tech giants. U.S. futures advanced and oil prices fell. President Donald Trump hailed his talk Thursday with China’s leader, Xi Jinping, […]

Economics

2 w. ago Middle East’s AI Champions Are Drawing Firepower From Oil Giants

Oil giants in the Middle East are taking a more direct role in using the region’s oldest resource to finance a multibillion-dollar bet on a new one: Artificial intelligence.

Events

2 w. ago Oil Giants Join OPEC in Boosting Production as Crude Tumbles

The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week, despite weak crude prices and higher supplies from OPEC and its allies.

Other

2 w. ago Europe Diesel and Jet Fuel Imports Jump as Traders Brace for Russia Sanctions

Europe’s imports of diesel and jet fuel are on course for a record-breaking month, as traders gear up for the winter and a clampdown on petroleum products made with Russian crude.

Economics

3 w. ago India State Refiners Weigh Up Russia Oil Options After Sanctions

India’s state-run refiners are considering whether they can continue to take some discounted Russian oil cargoes by leaning on small suppliers instead of energy giants Rosneft PJSC and Lukoil PJSC, both blacklisted by the US last week.

Events

3 w. ago Asian shares retreat and crude prices soar $2 after Trump sanctions Russian oil giants

MANILA, Philippines (AP) — Shares were mostly lower in Asia on Thursday following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants. The sanctions against Rosneft and Lukoil are intended to drive Russian President Vladimir Putin to the negotiating table and […]

Economics

3 w. ago US Sanctions on Russian Oil Giants Send Shockwaves Across China

US sanctions on Russia’s energy giants are sending shockwaves deep into the heart of China’s oil industry, where both state and private refiners face heightened pressure to keep up supplies while steering clear of penalties.

Sport