U.S. & International

German leader says gas pipeline part is ready for Russia

Wednesday, August 3, 2022, 7:11 AM MDT

German Chancellor Olaf Scholz inspected a mechanical turbine at the centre of a natural gas dispute and declared Wednesday "there are no…

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Chesapeake Energy to exit Eagle Ford shale in hard pivot to gas

Wednesday, August 3, 2022, 6:55 AM MDT

Chesapeake Energy Corp. plans to exit the Eagle Ford Shale of South Texas as it increasingly pivots away from oil…

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OPEC+ agrees to raise output next month at much slower pace

Wednesday, August 3, 2022, 6:41 AM MDT

OPEC+ agreed on a production increase of 100,000 barrels a day for September, giving a tight market extra supplies at…

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BP boosts returns as oil refining and trading drive profit beat

Tuesday, August 2, 2022, 6:47 AM MDT

BP plc hiked its dividend and accelerated share buybacks to the fastest pace yet after an “exceptional” result in oil…

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Canada claims victory on EV tax credits in Manchin-Schumer deal

Friday, July 29, 2022, 7:04 AM MDT

Prime Minister Justin Trudeau’s top trade official claimed a diplomatic victory for Canada on US electric vehicle tax credits proposed…

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Exxon, Chevron score record profits as energy markets convulse

Friday, July 29, 2022, 6:47 AM MDT

Exxon Mobil Corp. and Chevron Corp. posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions…

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Record US oil exports set to grow as WTI discount deepens

Thursday, July 28, 2022, 6:49 AM MDT

The US is exporting more oil than ever before, with shipments poised to climb even higher. A key factor: The…

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Europe energy prices keep soaring as Russia tightens supply

Wednesday, July 27, 2022, 6:53 AM MDT

European energy extended a scorching rally as Russia tightened its grip on the region’s supply, further threatening the economy and…

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Russia cuts gas through Nord Stream 1 to 20% of capacity

Wednesday, July 27, 2022, 6:11 AM MDT

Russia's Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20 per…

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Developing nations seek to overcome energy, currency crises

Tuesday, July 26, 2022, 7:17 AM MDT

Business leaders and officials from eight developing nations meeting in Bangladesh on Tuesday said more cooperation was needed among them…

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Libyan oil hits milestone with output at 1 million barrels a day

Tuesday, July 26, 2022, 7:10 AM MDT

Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country where…

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Big Oil set for record profit as world reels from high fuel cost

Tuesday, July 26, 2022, 6:41 AM MDT

Big Oil is poised for a record-breaking $50 billion profit in the second quarter, but the industry’s stellar performance could…

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