Trump Says He Did not ‘Jump the Gun’ on South Korea Alaska LNG Investment Announcement

Conventional Energy, Latest, Oil / By

US President Donald Trump said on Friday he did not “jump the gun” on announcing a South Korean investment in Alaska LNG, a liquefied natural gas project that has been planned for decades but still lacks binding commitments. Trump unveiled plans on Wednesday for South Korea to invest $200 billion in US projects, but Seoul …

Trump Says He Did not ‘Jump the Gun’ on South Korea Alaska LNG Investment Announcement Read More »

Oil Ends Volatile Week Mixed as Emergency Reserve Release Knocks WTI Lower but Brent Holds Above $102

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

EnergyNow Friday Oil Price Report Report Date & Time: October 2, 2026 – 3:01 p.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude settled Friday at US$91.11 per barrel, down US$1.76, or 1.90%, from Thursday’s US$92.87 settlement. Against last Friday’s US$92.41 settlement, WTI lost US$1.30, or 1.41%, on a direct …

Oil Ends Volatile Week Mixed as Emergency Reserve Release Knocks WTI Lower but Brent Holds Above $102 Read More »

IEA’s Birol Says Oil Prices Starting to Fall After Reserve Release Decision

CDN and International News, EnergyNow News and Press Releases, Latest / By

(Reuters) – Oil prices have started to fall after a decision to release 100 ​million barrels of oil and fuel reserves, International ‌Energy Agency executive director Fatih Birol said on Friday. Group of Seven countries agreed on Friday on the release of 100 million barrels of diesel and ​crude oil from emergency reserves in a …

IEA’s Birol Says Oil Prices Starting to Fall After Reserve Release Decision Read More »

Saudis Plan Assault on Houthis to Break Red Sea Chokehold

CDN and International News, Conventional Energy, Latest, LNG, Oil / By

(Reuters) – Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters. The operation, expected to be launched in the coming weeks, will by led by …

Saudis Plan Assault on Houthis to Break Red Sea Chokehold Read More »

Massachusetts Governor Asks Trump Administration to Speed Natgas Pipeline Review

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

(Reuters) – Massachusetts Governor Maura Healey called on the Trump administration to expedite the review of a natural gas pipeline that a unit of Canadian energy firm Enbridge is developing in New England. After opposing most new fossil fuel projects over the past decade or so, several states in the US Northeast region have become …

Massachusetts Governor Asks Trump Administration to Speed Natgas Pipeline Review Read More »

G7 Leaders’ Statement on Global Energy Security and Market Stability

Latest, Press Releases, US News / By

OTTAWA, ON, Oct. 2, 2026 /CNW/ — “Today, we, the leaders of the G7, convened a virtual meeting to address the deepening challenges to our energy security. Facing unprecedented volatility in oil markets—with surging prices threatening economic stability and the well-being of our citizens—we have agreed on decisive, coordinated measures to stabilise immediate energy supplies, shield …

G7 Leaders’ Statement on Global Energy Security and Market Stability Read More »

South Korea Says $8.4 Billion Oil Project Mentioned by Trump Not Part of Deal With US, Yonhap Reports

Conventional Energy, Latest, Oil, US News / By

(Reuters) – A $8.4 billion oil recovery project mentioned by US President Donald Trump is not part of a strategic investment agreement between the US and South Korea, Yonhap reported on Friday, citing an industry ministry official. The official said an inquiry has been sent to the US side through communication channels, according to the …

South Korea Says $8.4 Billion Oil Project Mentioned by Trump Not Part of Deal With US, Yonhap Reports Read More »

Another Oilsands Boom? Smith, Carney Say This Time Canada Will Be Ready

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

CALGARY – It’s been a relatively quiet decade in Alberta’s oilsands, but the federal and provincial governments believe a new West Coast pipeline coupled with policy shifts might help turn up the volume. Prime Minister Mark Carney was in Fort McMurray, Alta., this week to announce the first proposal to be deemed in the national …

Another Oilsands Boom? Smith, Carney Say This Time Canada Will Be Ready Read More »

U.S. Rig Count Slips to 598 as Gas Drilling Pulls Back

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. drilling activity edged lower this week as a decline in natural gas rigs outweighed another increase in oil drilling. The U.S. rig count fell by one to 598 for the week ended October 2, according to the latest Baker Hughes North America Rig Count Report. Despite the weekly decline, the U.S. has 49 more …

U.S. Rig Count Slips to 598 as Gas Drilling Pulls Back Read More »

Subscribe
Subscribe