The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures was steady on Friday. WCS for March delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, flat on Thursday’s close. * The discount on Canadian heavy crude widened approximately $1 [Read more]

The union representing hundreds of workers at BP’s Whiting refinery, the largest refinery in the Midwest, said on Friday the British oil major does not intend to honor the national oil bargaining agreement. This comes after the United Steelworkers union adopted a national agreement negotiated with Marathon Petroleum for use in contracts between 30,000 oil [Read more]

CALGARY, Alberta, Feb. 06, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic [Read more]

U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday. Crude oil output fell to 13.78 million bpd in November, down about 82,000 from October’s record high 13.86 million bpd, the EIA data showed. That is [Read more]

U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since November, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by five to 551 in [Read more]