Fossil Fuels

The state's Department of Mineral Resources announced on Monday that North Dakota's?crude oil output is expected to increase in?August, and continue in the months ahead as drilling activity and crude prices remain robust. According to the most recent data available, the output in the third largest oil producing state in the United States increased marginally by 1,846 bpd to an average of 1,157 million bpd during July. Justin Kringstad told reporters at a monthly briefing that "given activity levels and prices, I suspect August will be a better month than July." Department of Mineral Resources statistics show that the number...

Anita Anand, Canadian Foreign Ministry, said on Monday that Canada and France could form an energy partnership involving liquefied natural gas produced along its Pacific Coast. This comes a day after the leaders of both countries met to discuss energy cooperation. Anand stated that it was "quite possible" for Canada to?execute a partnership in energy with a European nation using LNG imported from Canada's West Coast. In an interview conducted on the sidelines the annual gathering of leaders of the world at the United Nations, she stated that "that goes for France." Emmanuel Macron, the French president, has called for...

The price of diesel has risen to record levels in Europe and the United States as the wars in Iran, Ukraine and Russia have severely cut exports by some?of the?largest producers, such as Russia and Saudi Arabia, and there are few options to stop further gains. The price of diesel futures in Europe reached a record high last week, having more than doubled their value at the start of 2026. This was after supply disruptions reached the Red Sea where Saudi Arabia loads the majority of its diesel. Refineries around the world are working hard to produce fuels, despite the...

Iran warned against a new major attack by the United States or its allies on Sunday, saying it had received information that such an action was in preparation. This added to the tensions already present in a region on edge following drone and missile attacks on Saudi Arabia. Iran's central military command announced on state-run media that any further attack would result in a sustained retaliation, including against US interests and bases. Washington's regional partners would also be considered as parties to the conflict. It did not provide any further details on the information that it claimed to have about...

Iran warned against any new major attack by the United States or its allies, saying that it had received information that such a move was being planned. This added to the tension in the 'a'region, already on edge following drone and missile attacks on Saudi Arabia. Iran's central military command announced on state-run media that any further attack would result in a sustained retaliation, including against US interests and bases. Washington's regional partners would also be considered as parties to the conflict. It did not provide any further details on the information that it claimed to have about an upcoming...

Dillard's announced on Friday that it will transfer its primary listings - from the NYSE - to the Texas Stock Exchange. The company joins a growing list of companies moving to this fledgling bourse aiming to compete with the two dominant 'US national' stock exchanges. Texas has been promoting itself as a corporate-friendly, lightly regulated alternative to US coastal states. TXSE supporters say that the new exchange will reflect this environment and counter the trend towards "more regulation and more taxation" at New York and other established financial hubs. In addition to the fashion retailer, regional lender Origin Bancorp and...

The chief executive of York Holdings said that the company is expanding its range of low-cost products in order to appeal to consumers who have seen their finances impacted by inflation. Seiichiro Itabashi, chief executive of Ito-Yokado & York-Benimaru, said in an interview on Thursday that the company, which was sold to Bain Capital by Seven & i last year, is now looking to adjust its prices and expand the product range to keep up with the competition. Itabashi stated that the pressure of fast-growing discount supermarkets and household finances is forcing a change in strategy. The firm plans to...

Barclays anticipates that the Bank of England will increase rates by 25 basis points in November, after keeping them steady. They cite a "dramatically altered" medium-term outlook for energy and warn of a possible further tightening if the Middle East conflict continues. Barclays joins J.P. Morgan, which has also warned about the possibility of further rate hikes due to the Middle East Crisis. J.P. Morgan had previously predicted that the BoE would raise rates in November 2026, and then cut rates twice in 2027. BoE?kept rates at 3.75% as expected on Thursday, but also forecasted?that inflation would top 4% by...

JP Morgan stated on Thursday that they do not have a baseline view of oil markets for the first time since the US-Israeli War on Iran. Analysts at the bank stated that they "simply do not know how to model endgame." The note noted that JP Morgan assumed at the start of the conflict that there would be a few economic thresholds the U.S. government wouldn't cross. However, six months later, these lines had been crossed and no exit strategy was in sight. The bank stated that gasoline is now $4.37 per gallon, and oil has risen above $100 per...

The latest 'flashpoint' between New Delhi, India and Washington is a sweeping U.S. bill on sanctions and tariffs. It adds pressure to the ties that are already strained due to U.S. tariffs against Indian goods and Washington’s close relationship with India's neighbour Pakistan. Here's a look at the?turns and?turns? that have shaped India-U.S. relations during President Donald Trump’s second term. FEBRUARY 20,25 Trump announced that the U.S. will charge the same tariff rate as India. The two countries agreed to work towards a limited free trade agreement and to double their bilateral trade by 2030 to $500 billion. APRIL 2025...

U.S. President Donald?Trump called on Ukrainian president Volodymyr?Zelenskiy on Sunday to stop attacking Russian diesel infrastructure. He said the attacks are causing a fuel shortage that "hurts the world". In recent months, long-distance Ukrainian?drone attacks on Russian oil refineries have reduced the country's fuel production. This has led to gasoline shortages in all of Russia. Ukraine, which is regularly attacked by Russia on its own energy infrastructure says that refineries are legitimate targets. According to GasBuddy, the U.S. average price of?diesel - used in trucks, trains and ships, as well as farm equipment - rose above $6 per gallon on...

According to sources familiar with the plans of the administration, the White House is considering?how it can use the Defense Production Act in order to increase U.S. oil refinery capacity. The conflict with Iran has exposed the country's vulnerability due to global crude supply disruptions and price increases. This extraordinary move highlights the growing pressure on the Trump administration to demonstrate that it can control the impact of rising fuel prices for consumers and businesses in advance of the midterm elections scheduled for November. Sources said that the proposal to use the act was brought up at a recent White...

These are the most popular stories from?the Wall Street Journal. The?Wall Street Journal has not verified the accuracy of these stories. - Meta ?Platforms and Shopify are teaming up, with plans to allow the social-media company's personal artificial-intelligence agent to complete purchases on behalf of users with the ?e-commerce platform's roster of stores. The Trump administration has proposed $5 billion to a fund that would help Middle East nations rebuild their energy infrastructure damaged in the 'Iran war' and reduce their dependence on the Strait of Hormuz for oil and gas transportation. Western pharmaceutical companies want the administration to let...

DAMASCUS 17th September - Syria is offering cheaper diesel fuel for heating, agriculture, and industry. Energy Minister Mohammed al-Bashir announced this on 'Thursday. Days after a fuel hike triggered some of the largest protests - since the fall Bashar al-Assad. The government's move is a partial retreat after the increases last weekend sparked protests across the country. Protesters burned tyres and?blocked?roads to demand the increases be reversed. UN estimates say that 90% of Syrians are below the poverty level. Bashir said at a press briefing that diesel will be sold for three different prices, 115,150 and 175 Syrian pounds a...

Naseem al-Akkari has been experiencing power cuts for many years. He owns a restaurant chain in the capital of Libya, Tripoli. It wasn't until the summer heatwaves of this year that his business was put in danger. He lost an estimated $40,000 within a few months. The generator must run in order to keep the goods from spoiling. "You have no other choice than to buy diesel on the black market in order to keep running," he said during an interview where the power had gone out more than ten times. The combination of rising temperatures and global energy disruptions,...

New Hope Corp, a thermal coal -miner in Australia, declared its 'largest ever final dividend' on Tuesday. This was despite the fact that their annual profit had more than halved and they missed expectations. The shares rose to their highest level in over 3-1/2 years. Rob Bishop, CEO of. "We had a good year and we were able to pay out a large dividend," said he. New Hope announced a final dividend per share of 30 Australian cents for fiscal 2026. This is the highest since 2021 when it was 31 cents and surpasses last year's 15 Australian cents. The...

The International Energy Agency said that Saudi Arabia's crude oil supply dropped by 2.3 million barrels per month to 6,000,000 bpd, its lowest level in over 30 years. Attacks on Saudi energy plants were cited as the reason. In a recent report, the IEA noted that groups affiliated with Yemen's Houthis had targeted ships passing through the Bab el-Mandeb and Saudi Arabia Jazan refinery, as well as shipping near Yanbu. Iran-backed militias used drones in Iraq to attack Saudi Arabia Abqaiq's oil processing site. Saudi Arabia's own assessment of its supply of 7.122?million bpd in August was lower than the...

Two Asian refiners, according to sources familiar with the matter, have asked Saudi Aramco to switch the benchmark for their long-term crude contracts from Dubai to ICE Brent. Middle Eastern price indicators have surged over Brent since August, due to the increasing tensions between Iran and the United States. The APPEC Conference in Singapore is an annual gathering of Middle Eastern producers and Asian refining companies to discuss long-term contracts. These are usually finalised by the end of the year. Sources said that refiners requested supplies for 2027 during this week's discussions. They cited the increased volatility of the Middle...

Donald Trump has said that he expects the war against Iran to end following the midterm elections in November. He also threatened to 'again' attack a nuclear site linked to the Islamic Republic after both sides launched their 'biggest wave of strikes on shipping since the beginning of the six-month war. Saudi civil defense authorities issued emergency alerts on Thursday in Khamis Mushait, a city in southwest Yemen, for the fourth consecutive day, after clashes with the Houthis, who are backed by Iran. Brent crude prices were above $100 per barrel, as both supply routes through the Strait of Hormuz...

The Wall Street Journal reported Wednesday that top 'White House' advisers, including Vice President JDVance and Secretary Marco Rubio have privately warned Donald Trump that the conflict could last 'throughout the rest of his presidency. The White House did not respond immediately to a comment request. Journal: The 'advisers' told Trump privately in the Situation Room and the Oval Office that Iran could continue to resist U.S. Pressure, possibly prolonging the conflict past Inauguration day in January 2029. The reported warning is in contrast to Trump's public statements about the war. The president stated on Wednesday that he expects 'the...

* The global shortage of uranium has been eased by clandestine shipments Oil prices have risen because of the uncertainty over oil volumes * Difference between peak daily flows and the average Dmitry Zhdannikov & Anushree Mukerjee LONDON, September?9, - Estimates of Middle Eastern oil flows have been wildly varying since tankers started "dark crossings", meaning that they sail without transponder signals, to avoid Iranian attacks. The clandestine "shipments" have greatly increased supplies while the incertitude over their scope has added to the premium on international oil prices. Last week, U.S. Diesel prices reached a record high. Last week, the...

Brent crude, the global benchmark for oil prices, hit $100 per barrel Wednesday. This was the first time this has happened since late July. However the price increase is relatively slow despite the escalating conflict in the Middle East that fuels fears of more disruptions to oil shipments. Russell Hardy, CEO Vitol - the world's largest independent oil trader - told the APPEC Conference in Singapore on Tuesday that the Middle East has exported approximately 9 million barrels of crude per day and another 1 million bpd in refined products in recent days. This compares to roughly 20,000,000 barrels of...

Brent crude, the global benchmark for oil prices, has risen this month. However it has remained below $100 per barrel despite the recent escalation of the U.S. - Iran conflict which has caused disruptions in Gulf exports via the Strait of Hormuz or the Red Sea. According to Argus, Crude Oil?shipments are now at 11 million barrels a day (bpd), down from 18 million bpd prior to the Iran War seven months ago. What are the factors that influence oil prices? SIGNIFICANT VOLUMES CAN FLOW?THROUGH HORMIZ Claudio Galimberti, Rystad's Chief Economical Officer, stated that in the week prior to fighting...

OPEC+ said that it would not change its oil production policy for 'October' at a meeting held on Sunday. The group must first agree to new quotas in order to decide the next steps. The Iran War continues to disrupt oil exports via the Strait of Hormuz. This limits OPEC+’s influence on prices and market shares. In August, OPEC+ agreed ?its production boost for September, completing a phased rollback of a 1.65 million-barrel-per-day supply cut first agreed in ?2023. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, despite the production increases agreed, are still far...