Western energy giants BP and ConocoPhillips are set to inject billions into Iraq’s oil sector, a move that could redraw the geopolitical map of global energy supply. The investments, expected to be announced this week, mark a deliberate effort by the U.S. to weaken …
The company’s adjusted EBITDA forecast of $56 million to $62 million, paired with free cash flow exceeding $20 million, signals a shift toward shareholder returns in a sector where capital discipline remains critical. With proved reserves of 40 million barrels and total proved plus …
Cavvy Energy Ltd. announced that its second‑quarter 2026 earnings will be released after the market closes on August 11, 2026, with a follow‑up conference call scheduled for the next morning. The call, slated for 8:30 a.m. MDT (10:30 a.m.
Chevron (NYSE: CVX) announced the signing of memoranda of understanding with Iraq covering the West Qurna 2 and Nassiriya fields, marking a clear step toward deeper involvement in the country's oil sector. Investors responded quickly; the stock nudged higher in pre‑market activity, reflecting optimism …
Clearway Energy’s first‑quarter earnings fell well short of expectations, delivering a loss per share that underscores challenges in its renewable‑energy portfolio. The miss, considerably wider than consensus estimates, sent shares to a recent low and weighed on sector peers already grappling with volatility. With …
Iran has signaled that any U.S. assault on its electricity network will trigger a shutdown order for the Bab El‑Mandeb, the narrow Red Sea passage that channels a substantial share of worldwide oil shipments. The directive is aimed at Yemen’s Houthi movement, which controls …
The benchmark West Texas Intermediate settled at $80 on the New York Mercury exchange, a notable climb from $68 just a fortnight ago. This price movement follows a broader recovery in the energy market after a period of subdued demand. Analysts attribute the rise …
Syria’s security forces have halted an attempted transfer of weapons from Iraq to Hezbollah, according to the state news agency. The move, described as a “smuggling attempt,” signals intensified border monitoring and adds a fresh layer of uncertainty to already volatile geopolitics in the …
US lawmakers are intensifying efforts to clamp down on solar imports they claim are evading existing tariffs, a move that threatens to disrupt supply chains and raise costs for renewable energy projects. The push comes as domestic solar manufacturers argue that foreign producers are …
The move, part of escalating tensions between Washington and Tehran, has sent ripples through energy markets, pushing crude prices higher as traders assess the risk of prolonged supply disruptions.