Gulf Keystone Petroleum (GUKYF) said Tuesday it reached a merger agreement with Norway's ShaMaran Petroleum in a $601M all-stock deal, creating one of the largest producers in Iraq's oil-rich âKurdistan region. Under the deal terms, ShaMaran shareholders will receive 0.075
WTI posts fresh monthly high near $100.50 as Iran continues attacks on oil tankers West Texas Intermediate (WTI), futures on NYMEX, trades 2.5% higher to near $100.50, the highest level seen in over a month. The oil price is little far from revisiting its almost five-month
South Korean IPO plunge deepens AI market jitters as brent tops $111 Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty. - South Korean data centre Elice closed a third below its IPO price despite retail...</stron
Albertans have rejected a proposal to move toward a separation from Canada, according to early results of the referendum held on Monday, as voters gave the federal government a boost to national unity. Residents of Canada’s oil province have voted to remain in Canada, CBC
The U.S. government will authorize the sale of sanctioned oil tankers, allowing these vessels to ship crude legally to help rein in soaring shipping costs, Energy Secretary Chris Wright said during a Citadel Securities event on Monday.
Crude oil prices extended their climb today, with Brent topping $110 per barrel again earlier in the day, and WTI back at over $100, as traders turn increasingly pessimistic about the resumption of normal oil flows out of the Persian Gulf. At the time of writing, Brent cru
Crude oil futures closed mixed on Monday following attacks by Yemen's Iran-aligned Houthis on a âYemeni military training camp and renewed attacks on Saudi energy, airport, and military facilities. Brent crude (CO1:COM) for December delivery settled slightly lower at $109.
The debate over new oil and gas fields usually ends in a familiar deadlock. Industry argues that production will still be needed for decades, supports jobs and reduces dependence on imports Climate campaigners respond that every new field locks in emissions incompat
Crude Oil turns higher on unconfirmed reports of US strikes on Iran Unconfirmed reports of new US strikes on Iran have turned WTI higher on the session, and it's on track for an eighth straight gain. It has climbed from a session low just above $96.50 to just above $99.00,
Gasoline and fuel oil pushed Canada's annual inflation rate to 3.1% in September, up from 3.0% in August, as the war in the Middle East kept fuel prices high, Statistics Canada said on Monday. Gasoline prices rose 27.8% from a year earlier, up from 22.8% in August, despite
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