Economic Impact of War - War has acted as a significant stimulus for the Russian economy, leading to increased military spending since the full-scale invasion of Ukraine [2] - Russia's economy in 2024 outpaced most advanced nations, including the US, due to its economic focus on supplying the war effort [4] - The expansion of the military-industrial complex has absorbed labor, causing unemployment in Russia to fall to a 30-year low [5] Sanctions and Adaptation - Despite being the most sanctioned major economy, Russia has demonstrated an ability to adapt to economic pressure [3] - Russia's oil and gas sector, constituting approximately 20% of its GDP, has largely sustained high levels of spending [6] Future Outlook and Risks - Experts anticipate Russia will attempt to sustain its military economy for years, potentially eyeing conflicts beyond Ukraine [7] - Russian defense expenditure is projected to peak in 2025, contingent on a ceasefire, with spending remaining elevated compared to 2021-2022 levels [7] - Concerns are growing that potential actions could have far-reaching consequences, especially as cracks in Russia's economy begin to surface [6]

Lukoil’s major Volgograd refinery has halted oil intake following one of the latest in a series of Ukrainian drone strikes on Russian energy assets, said a person familiar with the matter, who asked not to be named discussing non-public information https://t.co/5U0OAMwMPE ...

CHARLESTON, W.Va., Aug. 15, 2025 /PRNewswire/ -- Surya Oil & Gas Corp. (OTCID: CNRC), ( "SOGC" or the "Company" ) formerly known as Cunningham Natural Resources Corp., today reported results for the second quarter ending June 30, 2025, and provided an update on its portfolio companies. Total revenue for three months was $ 3,503,039 vs $ 4,378,799 Total earnings for three months were $ 1,600,211 vs $ 2,772,965 Total revenue for six months was $ 6,604,871 vs $ 4,292,940 , Total earnings for six months were $ ...

Premier energy summit set for September to focus on 'Navigating Trade, Technology and Transition" SINGAPORE, Aug. 15, 2025 /PRNewswire/ -- The 41st annual Asia Pacific Petroleum Conference (APPEC) by S&P Global – Asia's leading energy conference - will take place from September 8 to 11, 2025, at the Raffles City Convention Centre in Singapore. A cornerstone of the energy industry for the past 40 years, this premier gathering of close to 1,500 industry leaders, experts and executives across 65 countries aims ...

Obsidian Energy Completes Offer to Purchase $1.4 Million of Our Outstanding Senior Unsecured Notes August 15, 2025 7:00 AM EDT | Source: Obsidian Energy Ltd. Calgary, Alberta--(Newsfile Corp. - August 15, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of our previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $48.4 million of our outstanding 11.95 percent Senior Unsecured ...

8月15日，国内期市原油系板块大面积飘红，液化石油气主力涨逾1%。具体来看，截止目前，原油主力 上涨0.91%，报488.00元/桶；低硫燃料油主力上涨0.06%，报3453.00元/吨；沥青主力下跌0.40%，报 3464.00元/吨；液化石油气主力上涨1.28%，报3881.00元/吨。 液化石油气期货仓单12948手，环比上个交易日减少5手； 低硫燃料油仓库期货仓单16080吨，环比上个交易日减少4970吨； 截止北京时间8月14日，据基差数据显示：燃料油、石油沥青、液化石油气、低硫燃料油品种合约出 现'期现倒挂'(现货价格高于期货价格)现象。 商品名称 现货价格 合约 期货价格 基差 基差率 燃料油 5337.5 2509 2708 2629 49.26% 石油沥青 3670 2510 3478 192 5.23% 液化石油气 4680 2510 4292 388 8.29% 低硫燃料油 3566 2510 3449 117 3.27% | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | SC原油 | 482.60 | 481.90 | 483 ...

Core Viewpoint - A class action securities lawsuit has been filed against Sable Offshore Corp. due to alleged securities fraud affecting investors who purchased shares between May 19, 2025, and June 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by false statements regarding the company's oil production activities off the coast of California [3]. - Allegations include that Sable Offshore Corp. falsely claimed to have restarted oil production, which was not the case, leading to materially false and misleading statements about the company's business and operations [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].

Core Viewpoint - Talos Energy Inc. has announced significant additions to its executive leadership team to enhance its offshore leadership position, including the appointment of a new CFO and other key executives [1][6]. Executive Appointments - Zachary B. Dailey has been appointed as Executive Vice President and Chief Financial Officer, effective August 18, 2025, bringing over 17 years of oil and gas experience, previously serving at Marathon Oil [1][2]. - William R. Langin has been appointed as Executive Vice President – Exploration and Development, effective September 29, 2025, with over 20 years of experience in the oil and gas sector, most recently at Hess Corporation [1][4]. - Megan Dick has been promoted to Executive Vice President and Chief Human Resources Officer, having 23 years of experience in human resources, including over 17 years in the oil and gas industry [1][5]. Leadership Transition - Gregory M. Babcock will step down as interim CFO but will continue in his role as Vice President and Chief Accounting Officer, highlighting a smooth transition in leadership [3]. Company Overview - Talos Energy is an independent energy company focused on maximizing long-term value through its Exploration & Production business in the U.S. Gulf of Mexico and offshore Mexico, emphasizing technical expertise and operational efficiency [7].

Core Points - Antero Resources Corporation and Antero Midstream Corporation announced the transition of Co-Founder Paul M. Rady to Chairman Emeritus, effective immediately [1] - The Boards of Directors praised Mr. Rady for his leadership, commitment to the oil and gas industry, and philanthropic efforts [2] - Mr. Rady has significantly contributed to shareholder value, with the combined enterprise value of Antero companies at approximately $24.0 billion [3] Company Overview - Antero Resources holds approximately 526,000 net acres in the Appalachian Basin, with estimated proved reserves of 17.9 trillion cubic feet equivalent (Tcfe) at year-end 2024 [4] - The company produced over 3.4 billion cubic feet equivalent per day (Bcfe/d) during the three months ended June 30, 2025, making it the fifth largest producer of natural gas and natural gas liquids (NGLs) in the U.S. [4] - Antero Midstream, formed in 2012, has developed a comprehensive midstream energy infrastructure, including 413 miles of low-pressure gathering pipeline and 295 miles of high-pressure gathering pipeline [5] Leadership Transition - Mr. Rady expressed gratitude towards employees and shareholders, emphasizing confidence in the future leadership under Mike Kennedy [6] - He highlighted the companies' strong positioning in the Appalachian Basin and his intention to focus on family, health, and philanthropy in his new role [6]

Geopolitical & Economic Context - The meeting between President Trump and Vladimir Putin is critical due to its potential impact on global energy prices [1] - Sanctions relief for Russia is being considered, potentially allowing Russian oil and gas to flow back into Europe [2] - The US has not imposed significant sanctions on Russian energy entities like Rosneft and Gazprom [3] - Russian energy is flowing into Asia, providing Russia with financial resources to continue its military efforts [4] - Russia's economy has not suffered as much as expected due to continued energy sales [5] - Russia is using its financial resources to pay soldiers, potentially recruiting 1,000 people a day, which is double the recruitment rate of Ukraine [5][9][11] - Russia's ability to fund the war, coupled with Ukraine receiving weapons, suggests a prolonged conflict [6] - Both Trump and Biden administrations want to avoid high oil prices, which could result from stricter sanctions on Russia [7] Energy Market Impact - Stricter sanctions on Russia could lead to oil prices rising to $100-120 per barrel [8] - The current approach avoids secondary sanctions on Russian energy companies to prevent higher energy prices for the sanctioning countries [9] - Russia's "ghost fleet" of uninsured or underinsured ships facilitates continued oil sales despite sanctions [8] Socioeconomic Factors - Russia is described as a poor nation, where the opportunity to earn a few thousand dollars motivates men to become mercenaries [10] - Desperate men are being recruited to fight for money, even at the risk of death [5][11]