Oil and Gas Current News

• Alberta, Ottawa set 2027 start for west coast oil pipeline 20 May 2026 23:55 The proposed pipeline would carry more than one million barrels of oil per day to a west coast port for shipment to Asian markets. Both governments describe it as an Indigenous co-owned project. They say it would end the country's reliance on a single …
• Ottawa-Alberta deal continues to strangle energy sector with climate red tape 20 May 2026 23:55 Open this photo in gallery:A section of the Syncrude oil sands facility near Fort McMurray, Alta., in April.Jeff McIntosh/The Canadian Press Julio Mejia and Elmira Aliakbari are analysts with the Fraser Institute. The governments of Prime Minister Mark …
• How UK Traders React to Fast-Moving Markets 20 May 2026 23:49 Financial markets rarely stay calm for long. In 2026, UK traders continue facing rapid price swings caused by economic uncertainty, global politics, technology and changing investor sentiment. This article explores how traders in the UK respond to fast- …
• Terry Savage: The 'Special K' theory that explains our economy 20 May 2026 23:32 We’ve all heard references to a “K-shaped” economy. It’s an image that reflects the growing wealth disparity in America. Those on the upward pointing arm of the “K” are seen as the wealthy investor class. They are prospering, despite rising gas prices and …
• India’s LPG Shortage Is Triggering Gasoline Pressures, Prices In California 20 May 2026 23:25 India-West News Desk LOS ANGELES, CA – India’s cooking gas shortage is adding pressure to gasoline prices in California as supply disruptions linked to the U.S.-Israel conflict with Iran continue to affect global energy markets. California motorists are …
• Gas prices, AI wave, stock market gains spotlight class divide 20 May 2026 23:24 Two predominant drivers of the economy — inflation, including from the war in Iran, and the potentially revolutionary artificial intelligence wave — highlight post-pandemic dualities and disparities. Since the pandemic, the rich and Wall Street investors …
• UN cuts 2026 global growth forecast to 2.5% 20 May 2026 23:19 THE United Nations (UN) has downgraded its global economic growth forecast for 2026, warning that the escalating Middle East crisis is disrupting energy supplies, fueling inflation and threatening to reverse development gains in vulnerable economies. In …
• Virginia steps right up to the RGGI roller coaster 20 May 2026 23:16 Virginia is about to reenter the Northeast’s regional cap-and-trade program, offering an early test of whether Democrats can balance pledges to tackle both climate change and rising power bills. The state faces a Thursday deadline to finalize its …
• Grocery Prices Are About To Go the Way of Gas Prices—Up: Economist 20 May 2026 23:15 The cost of food in the U.S. appears poised to rise sharply alongside oil prices, as war-related supply disruptions put pressure on the companies and farmers who keep the country’s shelves stocked. “The big story right now is oil,” economist Justin Wolfers …
• Cuban commentary on the Xi Trump summit 20 May 2026 23:12 In the following article, which is reproduced from Resumen Latinoamericano and the Global South, veteran Cuban journalist Luis Manuel Arce Issac writes that: “Trump’s visit to China highlighted Xi Jinping’s rise and the United States’ global decline in …
• Small grocers raise concerns about industry imbalance amid fuel-related price hikes 20 May 2026 23:07 Open this photo in gallery:Independent grocers say they lack the leverage of major chains, which have been pushing back on some supplier price increases and added costs.Chris Young/The Canadian Press For independent grocery store owner Yousef Traya, …
• Xi, Putin warn Hormuz crisis poses threat to trade 20 May 2026 23:07 Beijing: Chinese President Xi Jinping and his Russian counterpart Vladimir Putin expressed their opposition to the US-Israeli war on Iran on Wednesday, while warning that restrictions on shipping imposed by “individual states” threatened global trade, in …
• ClearSign Technologies Corporation Provides First Quarter 2026 Update 20 May 2026 23:05 TULSA, OK / ACCESS Newswire / May 20, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators …
• Brits to fly on holiday with Putin’s jet fuel 20 May 2026 22:55 Sir Keir Starmer has sparked fury within his own Government after ministers were blindsided by an announcement to delay sanctions on Russian imports of oil and gas. The Government was accused of “quietly issuing” trade licences to allow the imports of …
• Europe close: Stocks rise on removal of some US tariffs 20 May 2026 22:42 The pan-European Stoxx 600 rose 1.51%. Germany’s DAX gained 1.36% to 24,732.28, France’s CAC 40 advanced 1.7% to 8,117.42, and London’s FTSE 100 added 0.99% to 10,432.34. Oil prices fell sharply, with Brent crude futures last down 5.26% on ICE at $105.43 …
• London close: FTSE rallies amid renewed optimism over US-Iran talks 20 May 2026 22:42 The FTSE 100 closed up 1% at 10,432.34, while Brent crude was down 5.3% at $105.43 a barrel. Investors were reacting to the latest comments from Donald Trump, who told reporters at the White House that the US was in the "final stages" of talks …
• Energy Disruptions and Their Effect on Supply Chains 20 May 2026 22:41 Energy is a fundamental component of global supply chains, powering transportation, manufacturing, and logistics operations. Any disruption in energy supply can have a significant impact on how goods are produced and delivered across the world. In recent …
• Labour U-turns to let RUSSIAN oil flow into Britain despite Rachel Reeves's promise 20 May 2026 22:30 Labour will allow the flow of Russian oil products into the UK, despite Rachel Reeves previously promising to ban them. The Government has watered down a sanctions package, and will allow Russian diesel and jet fuel to be imported to Britain - so long as …
• Wes Streeting launches full-throttle attack against Reform UK but refuses to criticise Keir Starmer in resignation speech 20 May 2026 22:30 Wes Streeting launched a full-throttle attack against Reform UK but refused to explicitly criticise Sir Keir Starmer in his resignation speech. Speaking in the Commons, the former health secretary said Labour “risk handing the keys of No 10” to Nigel …
• Opinion | Trump’s Visit to Beijing Raises the Question: Is Washington Recognizing a Post-Unipolar World? 20 May 2026 22:28 Not all political moments are captured by cameras. Some historic turning points are read in the silent details: in the timing of a visit, in the language of diplomatic statements, and sometimes even in official denials. In international politics, denial …