The Bureau of Land Management will auction 29,087 acres in Montana and North Dakota next month as part of a federal leasing expansion. The Bureau of Land Management will auction 29,087 acres of federal land for oil and gas leasing on July 14, covering 66 parcels in Montana
The firm expects AI spending and consumer demand to support growth, but an energy shock could push oil to $150 and trigger recession. Morgan Stanley projects global GDP growth of 3.2% in 2026, slightly below the 3.5% expected in 2025, as AI investment and US consumer spend
Ottawa and Alberta agree to push forward a pipeline project aimed at transporting 1 million barrels per day of Alberta crude to global markets. Canada’s federal government and Alberta will meet Friday to advance a new pipeline capable of moving 1 million barrels per day of
Ottawa considers keeping the 590,000-barrel-per-day pipeline state-owned as Canadian crude gains traction following Middle East supply disruptions. The Canadian government is reconsidering plans to privatize the Trans Mountain oil pipeline, opting instead to retain state o
The energy giant reports a 15% decline in payments to governments from upstream oil and gas operations year-over-year. Shell disclosed a 15% drop in payments to governments in 2025, totaling $23.8 billion. The figure includes taxes, royalties, production entitlements, and
Moscow’s May tax revenue calculations reflect a near 60% year-on-year jump in Urals crude prices amid Middle East supply constraints. Russia’s Urals crude price for tax purposes will average $94.87 per barrel in May, the highest since October 2023, driven by disruptions in
The Iran War Sent Oil Above $100. These 3 Royalty Trusts Are Quietly Paying Double Digit Yields Because of It Quick Read - North European Oil Royalty Trust (NRT) trades at a trailing PE of 8 with an 11.8% dividend yield and Q4 2025 distributions surged to $0.31 per unit fr
Higher crude costs and electric vehicle adoption drive a sharper-than-expected decline in Chinese gasoline consumption next year. Chinese gasoline consumption is projected to fall 5.5% in 2026, steeper than the previously forecast 5.2% drop. The revision follows a surge in
Chinese state oil giant Sinopec is opening a major ultra-deep shale gas find after obtaining official government approval for proven geological reserves of 235.687 billion cubic meters in the Ziyang Dongfeng field in the Sichuan province. China Petroleum & Chemical Corpora
Despite the easing of the Chinese restrictions on fuel exports, shipments so far in May have been nearly half the volumes from before the Iran war, the Financial Times reports, citing data from Kpler. Significantly lower Chinese gasoline, diesel, and jet fuel exports may n
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