41 h. ago Oilsands giant CNRL pays down debt, trims 2025 capital budget amid Trump

Despite uncertainty weighing on oil prices, CNRL and its peers helped Alberta break another seasonal oil production record

Economics

45 h. ago Canadian Natural says it can break even at US$40 oil, reports record production

CALGARY — Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it’s been trading over the past month. West Texas Intermediate, a U.S. benchmark for light oil, has been hovering around the US$60-per-barrel mark in recent weeks, about US$10 lower than it was just six […]

Economics

3 d. ago Suncor production hits record high, but sales volumes slow as inventory builds

Firebag oilsands site and offshore production drive the surge

Sport

4 d. ago Shale Driller Diamondback Trims Output, Says US Oil Has Peaked

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, is trimming its crude production guidance amid sinking oil prices brought on by President Donald Trump’s trade war and looming OPEC supply increases.

Other

7 d. ago Big Oil Refuses to Budge on Production Ahead of OPEC+ Decision

The largest western oil producers are mostly sticking with their growth plans for now, despite a 16% decline in crude prices during April and the potential for further increases in output from OPEC+.

Other

8 d. ago Gran Tierra Energy Inc. Reports First Quarter 2025 Results, Record Production and Continued Exploration Success

Achieved Record Total Company Average Quarterly Production of 46,647 boepd Ecuador Exploration Success Continues with Additional Oil Discoveries in Iguana Block Solid Balance Sheet, Exited the Quarter with $77 Million in Cash Following Active Capital Campaign, Paid Down $27 Million of Debt Additional Liquidity Secured with Signing of New $75 Million Credit Facility CALGARY, Alberta, […]

Sport

8 d. ago OPEC’s Oil Production Fell Last Month Despite Plans to Increase

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela.

Other

2 w. ago Smackover Lithium’s South West Arkansas Project Receives Unanimous Vote of Approval to Establish the Phase I Brine Production Unit from the Arkansas Oil and Gas Commission

LEWISVILLE, Ark., April 24, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE:A:SLI) and Equinor, is pleased to announce that the brine production unit, now formally named the Reynolds Unit, for Phase I of its South West Arkansas (“SWA”) Project has been unanimously […]

Society

2 w. ago Oil Prices May Fall Further on China Slowdown, IEA Chief Says

Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said.

Economics

3 w. ago Trump Energy Boss’s Company Plunging 40% Is a Warning for US Oil Production

Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production, but the signal from the fracking company he used to run is flashing bright red.

Economics

3 w. ago White House threatens Colombia over regulations affecting US auto exports

BOGOTA, Colombia (AP) — The White House is urging Colombia to halt the implementation of new auto safety regulations that could jeopardize American car exports to Colombia, as both nations prepare to discuss tariffs recently imposed on Colombian products including coffee, avocados, flowers and oil. In a letter to Colombia’s Ministry of Commerce, U.S. Trade […]

Economics

3 w. ago Russia’s Energy Plan Sees Crude Output Barely Shifting by 2050

Russia’s new long-term energy strategy sees crude-oil production and exports barely changing over the next 25 years.

Other