Wildfires Shut Down 350,000 Bpd of Alberta Oil Output | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 1:30 PM CDT Canada’s Alberta province is facing one of its worst early-season wildfire crises in recent memory, with industry officials confirming on Monday that...Continue Reading

Lower Oil Prices Spur Strong Start to U.S. Driving Season | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jun 02, 2025, 1:00 PM CDT U.S. gasoline prices hit a four-year...Continue Reading

Oil Soars 4% As Ukrainian Drones Override OPEC+ Hikes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 12:30 PM CDT Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the...Continue Reading

Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes’ surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake. SourceContinue Reading

President Trump announced Friday that steel and aluminum tariffs will double from 25% to 50%, calling the move a cornerstone of his “America First” agenda to revive U.S. manufacturing. The tariffs, set to take effect Wednesday, sparked a sharp rally in U.S. metal stocks in premarket trading as investors bet on stronger domestic production and...Continue Reading

The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil. SourceContinue Reading

U.S. Sanctions Threaten Europe’s Russian Gas Lifeline | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Jun 02, 2025, 11:00 AM CDT Despite public rhetoric, Europe’s reliance...Continue Reading

Air Strikes Continue as Ukraine and Russia Meet in Istanbul | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 02, 2025, 10:00 AM CDT Delegations from...Continue Reading

Aker Solutions has successfully installed an autonomous drone system on Aker BP’s Edvard Grieg platform in the North Sea, marking a major step toward fully autonomous offshore inspections. SourceContinue Reading

Carney Vows to Fast-Track Canadian Energy Projects | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 02, 2025, 9:29 AM CDT During a meeting with oil and gas executives in Canada’s oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government...Continue Reading