Valeura Energy Inc. has provided an update on Q1 2024 operations. Highlights for Q1 2024 (1) Working interest share oil production, before royalties. Sean Guest, President and CEO commented: “I am pleased to share highlights of our Q1 2024 operational performance with production performance up 14% from Q4 2023 and very much in line with… Continue reading VALEURA ENERGY INC. ANNOUNCES Q1 2024 OPERATIONS AND FINANCIAL UPDATE

Crude oil futures remained close to their five-month highs on Wednesday following Israel’s threat to retaliate against Iran if the Islamic Republic were to directly strike Israel. The West Texas Intermediate (WTI) contract for May delivery saw a modest increase of 9 cents to $85.32 a barrel, while June Brent futures rose by 13 cents… Continue reading Oil prices hold near five-month highs after Israel threatens to strike Iran if attacked

Oil prices fell on Tuesday after a two-day rally, as traders assessed the ongoing conflict in the Middle East. The price decline comes after some positive developments, such as Israel reducing its forces in Gaza, but tensions remain high. The price of West Texas Intermediate (WTI) crude oil for May delivery fell 1.39% to $85.23… Continue reading Oil falls for second day as rally pauses while traders take stock of Middle East tensions

The price of oil futures in the United States dropped on Monday after Israel reduced its military presence in the Gaza Strip. This follows a week where oil prices had risen due to heightened tensions between Israel and Iran. The price of West Texas Intermediate crude oil for May delivery fell by 76 cents, or… Continue reading Oil prices fall after Israel reduces troop presence in Gaza

The landscape of hybrid and electric vehicles (EVs) in the automotive market is evolving rapidly, with major automakers like Ford, General Motors, Mercedes-Benz, Volkswagen, Jaguar Land Rover, and Aston Martin scaling back or delaying their EV plans, reflecting a market trend favoring hybrids over EVs. Despite this, consumer sentiment towards EVs is declining, with a… Continue reading How car buyers thinking hybrid over EV should make the decision

Oil prices have surged to their highest levels in five months, driven by escalating tensions in the Middle East, particularly between Israel and Iran. Israel’s closure of 28 embassies worldwide amid fears of retaliatory strikes from Iran, following a missile attack on its consulate in Damascus that killed a top Iranian general, has heightened geopolitical… Continue reading U.S. crude oil touches $87, forms ‘golden cross’ pattern in sign of momentum as Middle East tensions boil

The proposed carbon capture and storage project at International Paper’s mill in Vicksburg, Mississippi, supported by the Department of Energy with up to $88 million in funding, aims to capture and permanently store 120,000 tons of carbon dioxide annually, equivalent to the emissions of 27,000 gas-powered cars. Partnering with Amazon and SLB, formerly known as… Continue reading Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense

Crude oil futures maintained recent gains on Wednesday, buoyed by escalating geopolitical tensions and the continued policy of voluntary production cuts by OPEC+ members. The West Texas Intermediate (WTI) contract for May delivery edged up by 0.33% to settle at $85.43 a barrel, while the Brent contract for June delivery rose by 0.48% to settle… Continue reading Oil hold to gains as market monitors OPEC+ policy, geopolitical tensions

Crude oil futures saw a rise on Wednesday, extending a recent trend of gains following an OPEC+ committee meeting that concluded without recommending changes to production policy. The West Texas Intermediate (WTI) contract for May delivery climbed by 0.85% to $85.87 a barrel, while the Brent contract for June delivery increased by 0.87% to $89.69.… Continue reading Oil prices rise as market monitors OPEC+ policy, geopolitical tensions

Natural gas prices have plummeted due to an oversupply caused by a warmer-than-expected winter, resulting in decreased demand for heating. Currently standing at $1.83 per MMBtu, prices have dropped by about 22% this year. The surplus has been exacerbated by the construction of over 150 million tonnes per annum of liquefied natural gas (LNG) capacity,… Continue reading The global gas glut could reach multi-decade highs in the coming years, Morgan Stanley says

Oil prices rose significantly on Tuesday, reaching their highest point since October of last year. This increase is being attributed to a combination of factors, including growing concerns about potential disruptions to oil supply due to the ongoing conflicts in the Middle East and Ukraine. In the Middle East, tensions have escalated following a deadly… Continue reading Oil prices climb to five-month high on escalating Middle East tensions and fresh supply threats

Pembina Pipeline Corp. has completed its previously announced acquisition of Enbridge’s interest in the Alliance, Aux Sable and NRGreen joint ventures. “We are excited to further enhance our business by increasing our ownership in Alliance and Aux Sable. Aligning with Pembina’s strategy, this acquisition grows and strengthens our existing franchise, and provides greater exposure to… Continue reading PEMBINA PIPELINE CORPORATION ANNOUNCES CLOSING OF ACQUISITION OF ENBRIDGE’S INTEREST IN ALLIANCE/AUX SABLE AND RAISES 2024 GUIDANCE