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(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025.  Register and reserve your room. CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to announce the results of the Company’s independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE).   CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to announce the results of the Company’s independent resource evaluation for the Kiskunhalas…

(Bloomberg) – Equinor ASA got no new signals that the Trump administration would reconsider the halt imposed on the Empire Wind project when its CEO met with a top White House official last week. Now the company must decide whether it will kill the project.  “If no progress is made within days, Equinor will be forced to terminate the project,” Molly Morris, president of Equinor Renewables Americas, said Monday. “We are still fighting every day to find a resolution.” That came after there was no indication of a change in stance from U.S. officials when the Norwegian oil…

Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. The latest update to the S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook—the first since the April 2 announcement of U.S. tariffs—now expects global oil (total liquids) demand growth to average 750,000 barrels per day (bpd) in 2025, a downward revision of 500,000 bpd from the…

WASHINGTON (AP) — Inflation may have picked up slightly last month as President Donald Trump’s widespread tariffs kicked in, a trend economists expect will become more visible in the coming months. Consumer prices are forecast to have risen 2.4% in April compared with a year earlier, according to data provider FactSet, the same as in March and down from 3% at the start of the year. Still, on a monthly basis, economists expect that the consumer price index rose 0.3% from March to April, a pace that would worsen inflation if it continued, after it fell for the first time…

Temu and Shein have just found themselves in a strange spot in the new 90-day reprieve in the trade war with China. President Trump has loosened the tariffs to 30% (down from 145%) as part of a plan to open the negotiations for a new trade deal.However, high tariffs remain on small packages shipped directly from China — the kind that Temu and Shein typically send.Until very recently, Temu and Shein benefited from the de minimis exception, a loophole that allowed for packages under $800 in value to ship without duty. Trump closed this loophole starting May 2. He also…

NEW YORK (AP) — Most U.S. stocks are rising Tuesday following an encouraging report that showed inflation unexpectedly slowed across the country last month.The S&P 500 was up 0.9% in afternoon trading, coming off a big gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations. The Dow Jones Industrial Average was down 193 points, or 0.5%, as of 12:40 p.m. Eastern time, and the Nasdaq composite was 1.7% higher as AI and other tech stocks led the way.Stocks have been roaring back since the S&P 500…

Tripoli descended into chaos Monday following the reported assassination of Abdel Ghani al-Kikli, known as “Gheniwa,” the powerful commander of Libya’s Stability Support Authority (SSA). Al-Kikli was allegedly killed during a meeting at the base of the 444th Combat Brigade in the capital’s Abu Salim district. The assassination, reportedly ordered by 444th Brigade commander Mahmoud Hamza, has reignited fears of full-scale conflict in a country already fractured by years of political and armed division.His death triggered intense clashes across Tripoli, with tanks deployed and civilian aircraft evacuated from Mitiga Airport. The Interior Ministry has urged residents to stay indoors as…

A lawsuit over the fatal crash involving one of Google cofounder Sergey Brin’s planes has ended in a settlement.Two pilots, Dean Rushfeldt and Lance Maclean, died in May 2023 after a plane belonging to Brin crashed off the coast of California. A lawsuit filed last July by the family of Rushfeldt claimed the crash was the result of a failure in the plane’s fuel equipment.The settlement, filed in the Superior Court of Santa Clara County on May 9, is “pending the exchange of closing documents and disbursement of the settlement fund,” per a filing with the court. The parties anticipate…

Esso Societe Anonyme Francaise (SAF)—a majority owned subsidiary of ExxonMobil Corp. (82.89%)—has restarted operations following scheduled maintenance at Esso Raffinage SAS’ 12-million tonne/year (tpy) Notre-Dame-de-Gravenchon refinery in Port-Jérôme-sur-Seine, Normandy, in northern France. On May 12, Esso Raffinage began the process of gradually returning refinery units affected by the planned maintenance event to service, Esso SAF said. The operator did not reveal when the phased restart would be fully completed. Initiated on Mar. 1 with the sequential shutdown of certain unidentified units of the Port-Jérôme-sur-Seine refinery, the major turnaround was to involve detailed inspections of refinery equipment normally in continuous operation,…

The deal will cut U.S duties on Chinese goods to 30% from the current 145%. Beijing said it would cut its blanket tariffs on American products from 125% to 10%. The reductions on both sides will go into effect on Wednesday. Crude Oil: The Trade of The Year? According to GSC Commodity Intelligence – “this agreement opens the door to the most asymmetric trade setup in years”. In a note to clients, analysts stated: “We’re looking at an asset that’s been mispriced for months. Recession fears dragged Oil down, but now the macro has flipped – and the market hasn’t…