NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/civitas-resources-inc. Investors have until July 1, 2025, to ask the Court to be appointe ...

Core Viewpoint - Cenovus Energy Inc. has successfully resumed and ramped up production at its Christina Lake oil sands asset following wildfire activity, with operations restarting on June 3, 2025 [1][2]. Group 1: Production and Operations - Production operations at Christina Lake were safely restarted on June 3, 2025, and have been ramped up throughout the week [1]. - Site inspections confirmed that there was no damage to Cenovus infrastructure due to the wildfires [2]. Group 2: Safety and Monitoring - The company is closely monitoring the wildfire situation in Alberta, prioritizing the safety of its personnel and assets [2]. - Cenovus appreciates the efforts of its teams and the provincial emergency management teams and firefighters in ensuring community safety [2]. Group 3: Company Overview - Cenovus Energy Inc. is an integrated energy company involved in oil and natural gas production in Canada and the Asia Pacific, as well as upgrading, refining, and marketing operations in Canada and the United States [3]. - The company is committed to maximizing value through safe, responsible, and cost-efficient asset development, integrating environmental, social, and governance considerations into its business plans [3].

VANCOUVER, B.C., June 12, 2025 (GLOBE NEWSWIRE) -- Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce another significant development in its Illinois Basin operation. Through its joint venture partner LGX Energy Corp. (“LGX”), the Company has confirmed the presence of four discrete, hydrocarbon- bearing formations within a single vertical column at the now-producing Fritz 2-30 oil and gas well (the “Well”) in Clay County, Indiana, highlighting ...

Core Viewpoint - The domestic futures market for crude oil and related products experienced a significant increase on June 12, with crude oil and fuel oil prices rising nearly 3% [1] Group 1: Price Movements - As of June 12, the main crude oil futures rose by 2.99% to 495.60 CNY per barrel [1] - Fuel oil futures increased by 2.85% to 3000.00 CNY per ton [1] - Low sulfur fuel oil futures rose by 2.27% to 3647.00 CNY per ton [1] - Asphalt futures saw a rise of 1.35% to 3523.00 CNY per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 486.60 CNY, with a previous close of 478.10 CNY and a last settlement price of 481.20 CNY [2] - Fuel oil opened at 2952.00 CNY, with a previous close of 2912.00 CNY and a last settlement price of 2917.00 CNY [2] - Asphalt opened at 3493.00 CNY, with a previous close of 3461.00 CNY and a last settlement price of 3476.00 CNY [2] - Liquefied petroleum gas opened at 4154.00 CNY, with a previous close of 4130.00 CNY and a last settlement price of 4119.00 CNY [2] - Low sulfur fuel oil opened at 3617.00 CNY, with a previous close of 3563.00 CNY and a last settlement price of 3566.00 CNY [2] Group 3: Warehouse Data - As of June 11, the warehouse data showed that the medium-sulfur crude oil futures warehouse stood at 4,029,000 barrels, unchanged from the previous trading day [3] - Fuel oil futures warehouse was at 24,750 tons, also unchanged from the previous trading day [3] - Asphalt futures warehouse was at 36,350 tons, remaining stable from the previous trading day [3] - Liquefied petroleum gas futures warehouse decreased by 205 contracts to 9,135 contracts [3] - Low sulfur fuel oil warehouse reported 0 tons, down by 1,000 tons from the previous trading day [3] Group 4: Basis Data - The basis data indicated a phenomenon of 'backwardation' for fuel oil, asphalt, liquefied petroleum gas, and low sulfur fuel oil, where spot prices exceeded futures prices [3] - For fuel oil, the spot price was 5275 CNY, with a futures price of 2917 CNY, resulting in a basis of 2358 CNY and a basis rate of 44.70% [3] - For asphalt, the spot price was 3630 CNY, with a futures price of 3476 CNY, leading to a basis of 154 CNY and a basis rate of 4.24% [3] - For liquefied petroleum gas, the spot price was 4797.5 CNY, with a futures price of 4119 CNY, resulting in a basis of 678 CNY and a basis rate of 14.13% [3] - For low sulfur fuel oil, the spot price was 3648 CNY, with a futures price of 3563 CNY, leading to a basis of 85 CNY and a basis rate of 2.32% [3]

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Altura Energy Corp. (TSXV: ALTU) (FRA: Y020) (the "Company") is pleased to announce that, further to its news releases dated April 15, 2025 and June 11, 2025, the Company has closed the previously announced settlement of outstanding indebtedness totaling C$526,683 owing to Nancy Burke (the "Debt Settlement"). Pursuant to the Debt Settlement, the Company issued 5,266,830 common shares of the Corporation (the "Common Shares") to Ms. Burke at a d ...

WTI 7月原油期货收涨3.17美元，涨幅将近4.88%，报68.15美元/桶，逼近4月2日收盘位70.61美元，意味 着4月3日以来的失地即将被完全收复。 NYMEX 7月汽油期货收报2.1668美元/加仑，NYMEX 7月取暖油期货收报2.2053美元/加仑。 NYMEX 7月天然气期货收跌0.73%，报3.5070美元/百万英热单位。 ...

Granite Ridge Resources (GRNT) Conference June 11, 2025 12:15 PM ET Speaker0 Good morning, everyone. I'm Steve Ferrizani, an analyst at Sidoti. I see the room is still filling in, so I'll give it a few seconds before I start the presentation and turn it over to our next presenter. But just to remind everyone before we get started, we should have a few minutes for q and a afterward. I think it'll be a very informative presentation. If you have any questions, you just press that q and a button at the bottom o ...

Select Water Solutions (WTTR) FY Conference June 11, 2025 10:00 AM ET Speaker0 Morning everybody, my name is Earl Gergen, I'm here with Three Part Advisors, thank you all for coming to the conference. Up next we have Select Water Solutions traded on the NYSE under WTTR. On behalf of the company we have John Schmitz, Chairman and CEO. John? Speaker1 Yeah. Thank you very much for having us, and thanks for the interest today. As I said, I'm the Chairman and CEO. I founded the company in July. We took the compa ...

Group 1: Company Performance - Flotek Industries (FTK) has gained approximately 59% year-to-date, significantly outperforming the average return of -0.6% for the Oils-Energy sector [4] - The Zacks Consensus Estimate for FTK's full-year earnings has increased by 22.1% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [3] - Flotek Industries is ranked 1 (Strong Buy) in the Zacks Rank system, suggesting strong potential for future performance [3] Group 2: Industry Context - Flotek Industries is part of the Oil and Gas - Field Services industry, which consists of 23 companies and currently ranks 134 in the Zacks Industry Rank [5] - The average return for the Oil and Gas - Field Services industry has been a loss of 9.6% year-to-date, highlighting Flotek's superior performance within its industry [5] - Another outperforming stock in the Oils-Energy sector is Gibson Energy Inc. (GBNXF), which has returned 0.7% year-to-date [4][6]

Core Insights - The U.S. Department of Commerce's Bureau of Industry and Security (BIS) intends to deny emergency license applications for three ethane cargoes to China, totaling approximately 2.2 million barrels, which could significantly impact Enterprise Products Partners L.P. (EPD) [1][9] - New BIS regulations require a license to export high-purity ethane to China, complicating trade and affecting EPD's shipping plans [2][9] - China is a crucial market for EPD, accounting for nearly 37% of total U.S. ethane shipments in 2024, with exports to China rising to about 290,000 barrels per day in 2025 [3][4] Regulatory Environment - The BIS issued new regulations on May 23, 2025, that specifically target the export of ethane, which has already begun to affect EPD's operations [2] - The requirement for butane was rescinded, but the ethane restriction remains, adding regulatory uncertainty to EPD's export business [2][5] Market Impact - The potential denial of licenses could have broader implications for U.S. ethane exporters, as it highlights increasing geopolitical scrutiny of energy exports to China [5][6] - EPD's Morgan Point facility and overall U.S. ethane trade with China could be significantly affected if the BIS denial is finalized [4][5] Company Position - EPD is a key midstream player with over 50,000 miles of pipelines and more than 300 million barrels of liquid storage capacity, but faces regulatory challenges that could disrupt its otherwise steady export business [5] - The company has not disclosed whether it will challenge the BIS decision or adjust its export strategy, leaving uncertainty regarding its future operations [6]