Oil Ends Week Lower as U.S.-Iran Truce Hopes Hit WTI, While Middle East Supply Risks Keep Brent Above $100

EnergyNow Friday Oil Price Report Report Date & Time: September 25, 2026 – 2:59 p.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude settled Friday at US$92.41 per barrel, down US$2.20, or 2.33%, from Thursday’s US$94.61 settlement. Compared with last Friday’s US$100.30 close, WTI fell US$7.89, or 7.87%, for the …

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Majority of Voters in Energy-Rich Alberta Favor Staying in Canada Weeks Before Vote

By Iain Boekhoff A majority of voters in energy-rich Alberta favor staying in Canada rather than seceding from the country, a new poll finds, as the province prepares for a referendum on the matter. Albertans will cast a ballot Oct. 19 on whether they support beginning a separation process. In a poll for the Canadian …

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EU Warns of Energy Price Crisis, Asks Countries to Consider Curbing Demand, Letter Shows

By Kate Abnett BRUSSELS, Sept 25 (Reuters) – The European Union ​is facing an energy price crisis as fallout from the Iran ‌war roils oil and gas markets, the bloc’s energy chief said on Friday in a letter seen by Reuters that urged countries to consider measures to curb natural ​gas demand. “We are facing …

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Talk of US Export Ban on Diesel Deepens US Crude Futures’ Discount to Global Benchmark

By Georgina Mccartney WTI trades at $12.02 a barrel below Brent, widest discount since May 6 Analysts say diesel export ban could cut US refinery crude runs by 12% US energy secretary gauges refiners’ support for voluntary export restraint, sources say HOUSTON, Sept 25 (Reuters) – Washington’s talk of a possible ban on diesel exports …

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AI’s Nuclear Power Push Runs Into Cost and Regulatory Hurdles

Dozens of companies are developing the next wave of nuclear technology, based on new designs By Will Wade and Rebecca Torrence Investors have poured US$4.6 billion into United States nuclear startups so far this year, up from US$3.8 billion raised in 2025, according to Crunchbase. They’re betting that deep-pocketed tech firms desperate for power will …

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AI Challenges Fuel Trading’s Old Guard: Russell

(Reuters) – The Iran conflict has put a spotlight on the somewhat murky world of refined fuel trading as the world battles constrained supply and record-high prices. But it is AI that may bring the trading of diesel, gasoline and other products out of the shadows for good. While crude oil trading practices have been …

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Gulf of Oman Ship-to-Ship Oil Transfers Reach Limit as Saudi Exports Surge

(Reuters) – Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said. The increasing amount of Saudi exports this month requires more supertankers to …

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BAN TALK: Talk of US Export Ban on Diesel Deepens US Crude Futures’ Discount to Global Benchmark

  Summary WTI trades at $12.02 a barrel below Brent, widest discount since May 6 Analysts say diesel export ban could cut US refinery crude runs by 12% US energy secretary gauges refiners’ support for voluntary export restraint, sources say HOUSTON, Sept 25 (Reuters) – Washington’s talk of a possible ban on diesel exports is …

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Oil Retreats as U.S.-Iran Truce Hopes Offset Renewed Attacks on Saudi Arabia

EnergyNow Morning Oil Price Report Report Date & Time: September 25, 2026 – 5:28 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$92.93 per barrel, down US$1.68, or 1.78%, from Thursday’s official US$94.61 settlement. Oil is clearly lower this morning as markets focus on the possibility of …

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US Refiner Phillips 66 is Using AI to Predict Outages and Boost Processing, Executive Says

(Reuters) – Phillips 66 is using artificial intelligence to predict outages within its refining systems, save on maintenance costs and increase crude processing, said Tandra Perkins, an executive vice president at the US refiner. “I need my systems up more than they’re down, being able to predict that obviously saves on maintenance costs,” Perkins said …

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