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Oil and Gas News

Oil Demand Outlook Drives Brent and WTI Prices Higher
June 17, 2024 ( Newswire) The oil market has shown a significant recovery over the past week, with Brent and WTI prices experiencing an increase of nearly 4%.

Federal Energy Regulatory Commission finds BlackRock/GIP merger application "deficient"
June 7, 2024 ( Newswire) A proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP) is currently under review by the Federal Energy Regulatory Commission.

Accelerating Chinese services activities helps to lift oil price from its 4-month bottom
June 5, 2024 ( Newswire) Oil prices are trying to recover today after a series of sharp losses extending for five days in a row, with slight gains of 0.35% for both major benchmarks

Oil price falls violently with fears of oversupply and the outbreak of war in the Middle East seems to be the only way out
June 4, 2024 ( Newswire) Oil prices continue to decline sharply today and reach more of their lowest levels that we have not seen since last February

Oil continues to decline to more lows in three months as OPEC moves to phase out of production cuts
June 3, 2024 ( Newswire) Oil prices continue to decline today by 0.2% across both major benchmarks, West Texas Intermediate (WTI) and Brent, which have reached further lows in more than three months.

Geopolitics are more important for oil than OPEC
May 29, 2024 ( Newswire) Brent traded slightly above $80 per barrel just a few days ago.

Oil takes advantage of the absence of disappointing data and advance for the third day in a row
May 28, 2024 ( Newswire) Crude oil continues to advance for the third day in a row through both crude oil, Brent and West Texas Intermediate

Positive performance of economic activities in the Eurozone helps to recover oil prices from the lowest levels in two months
May 23, 2024 ( Newswire) Oil prices rise slightly today by 0.4% and 0.26% for each of the West Texas Intermediate Camp (WTI) and Brent, after the successive losses that brought them to the closure at the lowest levels in more than two months.

Oil tries to recover from the May bottom with more positive numbers for the Chinese economy
May 17, 2024 ( Newswire) Crude oil is rising this morning by approximately 0.3% for both major benchmarks, Brent and West Texas Intermediate (WTI).

The future of oil prices: Is it the calm before the storm?
May 17, 2024 ( Newswire) Crude oil prices (WTI) rebounded from their lowest level in eight weeks recently, starting Friday's trading at $79.30, driven by a surge in risk appetite in the market following a decrease in inflation in the US Consumer Price Index (CPI).

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Oil and Gas News from Newsfile

PetroTal Announces Voting Results of Shareholders' Meeting
Calgary, Alberta and Houston, Texas--(Newsfile Corp. - June 20, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that all resolutions at the annual general meeting of shareholders held on June 19, 2024 (the "Meeting"), have been fully authorized and approved. A total of 211,361,360 common shares representing approximately 23.09% of PetroTal's issued and outstanding common shares, were represented at the Meeting.The shareholders...

Hybrid Power Solutions Announces up to $600,000 Offering of Units
The prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents will be accessible through SEDAR+ within two business days.Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Hybrid Power Solutions Inc. (CSE: HPSS) (FSE: E092) ("Hybrid" or the "Company") is pleased to announce a non-brokered prospectus financing of units (the "Units") consisting of up to 3,000,000 Units at $0.20 per Unit for gross proceeds of up to $600,000 (the "Offering"). Each...

Cobalt Blue Presents in Red Cloud's Virtual Webinar Series
Toronto, Ontario--(Newsfile Corp. - June 18, 2024) - Cobalt Blue (ASX: COB) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on July 2nd, 2024 at 3.00pm ET. We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud. The replay will be emailed out to all webinar registrants proceeding the event and...

Permex Petroleum Announces Partial Revocation Order Approval, Closing Additional Proceeds from Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) -  Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company") announces that it has closed a second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement"), whereby the Company issued 865 convertible debenture units of the Company (the "Units") to one subscriber for gross proceeds of US$865,000. Further to the Company's news releases dated...

Hybrid Power Solutions Announces Restocking Order For Distribution Partnership with Colony Hardware
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), a Canadian manufacturer of industrial, fuel-free power solutions, is pleased to announce that its recently announced distribution partner, Colony Hardware, has already sold out of Hybrid's products in one of their two large warehouses. In response to the strong demand, Colony Hardware has placed a larger restocking order. This strategic...

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