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Oil and Gas News

Crude Oil Rally Paused as Market Gauges Middle East Tensions
June 21, 2024 ( Newswire) Oil prices stabilized to a certain extent after a rally this week, driven by a significant 2.547-million-barrel drop in US crude inventories, surpassing expectations.

Crude Oil Mixed Ahead of US Inventory Report
June 20, 2024 ( Newswire) Crude oil prices showed mixed movements at the start of the European session.

Oil Demand Outlook Drives Brent and WTI Prices Higher
June 17, 2024 ( Newswire) The oil market has shown a significant recovery over the past week, with Brent and WTI prices experiencing an increase of nearly 4%.

Federal Energy Regulatory Commission finds BlackRock/GIP merger application "deficient"
June 7, 2024 ( Newswire) A proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP) is currently under review by the Federal Energy Regulatory Commission.

Accelerating Chinese services activities helps to lift oil price from its 4-month bottom
June 5, 2024 ( Newswire) Oil prices are trying to recover today after a series of sharp losses extending for five days in a row, with slight gains of 0.35% for both major benchmarks

Oil price falls violently with fears of oversupply and the outbreak of war in the Middle East seems to be the only way out
June 4, 2024 ( Newswire) Oil prices continue to decline sharply today and reach more of their lowest levels that we have not seen since last February

Oil continues to decline to more lows in three months as OPEC moves to phase out of production cuts
June 3, 2024 ( Newswire) Oil prices continue to decline today by 0.2% across both major benchmarks, West Texas Intermediate (WTI) and Brent, which have reached further lows in more than three months.

Geopolitics are more important for oil than OPEC
May 29, 2024 ( Newswire) Brent traded slightly above $80 per barrel just a few days ago.

Oil takes advantage of the absence of disappointing data and advance for the third day in a row
May 28, 2024 ( Newswire) Crude oil continues to advance for the third day in a row through both crude oil, Brent and West Texas Intermediate

Positive performance of economic activities in the Eurozone helps to recover oil prices from the lowest levels in two months
May 23, 2024 ( Newswire) Oil prices rise slightly today by 0.4% and 0.26% for each of the West Texas Intermediate Camp (WTI) and Brent, after the successive losses that brought them to the closure at the lowest levels in more than two months.

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Oil and Gas News from Newsfile

Criterium Energy Announces Leave of Absence of President and Chief Executive Officer and Appointment of Interim President and Chief Executive Officer
Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company") announces that Mr. Robin Auld has taken a personal leave of absence. In his absence, the Company has appointed Matthew Klukas as Interim President and Chief Executive Officer.Mr. Klukas has held the position of Chief Operating Officer of Criterium since its recapitalization transactions in the fall of 2022 and has been instrumental in the development and execution of the...

Competition Act Amendments Silence Canadian Businesses Taking Climate Action
Calgary, Alberta--(Newsfile Corp. - June 20, 2024) - Suncor Energy (TSX: SU) (NYSE: SU), one of the largest oil sands companies in Canada, and a member of the Pathways Alliance, is steadfast in our commitment to environmental performance and operational emissions reduction. To support our commitment, we have strived to be transparent about our actions and plans, which we believe is critical to building trust and driving improvement.However, our ability to remain transparent has been...

Dexterra Report Voting Results from Annual Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - June 20, 2024) - Dexterra Group Inc. (TSX: DXT) ("Dexterra") is pleased to report that each of its nine director nominees listed in management information circular dated May 1, 2024 (the "Circular") was elected as a director at its June 20, 2024 annual meeting of shareholders (the "Meeting").The director election voting results are provided in the table below:Nominee# Votes For% Votes For# Votes Withheld% Votes WithheldMary...

New Destiny Welcomes Robert Schwetzke as Director
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - New Destiny Mining Corp. (TSXV: NED) (the "Company" or "NED") is pleased to announce the appointment of Mr. Robert Schwetzke as an independent director. Mr. Schwetzke brings over 25 years of experience in the infrastructure and mining sectors, encompassing engineering, design, project development, and execution.Mr. Schwetzke is the founder and Managing Director of High Impact Consultancy, established in Dubai, UAE. His firm serves...

Worksport ($WKSP) Announces Record-Breaking May Sales, Growth Surge Continues
West Seneca, New York--(Newsfile Corp. - June 20, 2024) - Worksport® Ltd. (NASDAQ: WKSP), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is proud to announce its best sales month yet, achieving $739,417 in single-month sales for May 2024 (unaudited). May 2024 sales were 332% higher than the monthly average of Q1 2024, underscoring the Company's rapidly growing sales trajectory. This significant...

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