IEA Head Calls on Canada to Move Faster on Energy
The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources.
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Ukraine Says It Hit 2 Major Refineries in Russia
Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia.
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Crude Settles Higher on Gulf Clashes
Markets remained volatile amid fresh Gulf clashes and uncertainty over Iran's response to a US peace proposal.
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US Gives Iran Deadline on Peace Proposal
Iran has still given no indication whether it will accept Trump's plan.
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Devon, Coterra Complete $58B Merger
Devon Energy Corporation and Coterra Energy Inc have completed their merger, a statement posted on Devon's website announced.
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NY City Official Rallies Investors to Block ExxonMobil Move to Texas
The New York City comptroller, on behalf of a city pension fund investing in ExxonMobil, warned that the company has not guaranteed it would not adopt Texas legal provisions that would undermine shareholder participation in decisions.
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Pakistan Shuns Spot LNG
Pakistan opted not to buy urgent cargoes of liquefied natural gas on the spot market, betting that hostilities which have closed the Strait of Hormuz will ease.
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Bill Seeks Moratorium on US Oil Exports
A Democrat lawmaker introduced a legislative proposal to keep domestic crude and refined oil products within the U.S. during the war with Iran, in a bid to hold down pump prices.
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USGS Sees 340+ Tcf of Recoverable Gas in Bossier Formation
'We have assessed there are significant undiscovered resources in the Bossier Formation', USGS Director Ned Mamula said.
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Brent Oil Price Futures Understating Physical Market Stress
Brent futures are understating physical market stress, analysts at BMI, a unit of Fitch Solutions, said.