Latest news with #Bartole
Yahoo
08-04-2025
- Business
- Yahoo
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
By Amanda Stephenson TORONTO (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said. Sign in to access your portfolio
Reuters
08-04-2025
- Business
- Reuters
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
TORONTO, April 8 (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil ( opens new tab, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy ( opens new tab, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said.
Yahoo
08-04-2025
- Business
- Yahoo
Canadian oil and gas CEOs avoiding 'rash' decisions during price rout
By Amanda Stephenson TORONTO (Reuters) - The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short term, despite the recent tariff-related fall in oil prices. "Don't make any rash decisions. Let's take a longer view of things and see where it all settles out," Bartole said in an interview in Toronto. But he said that could change if oil continues its slide. "I think $50 oil would change things a bit more, obviously," Bartole said. "We can easily pull back capital. We're a small company, we're nimble. We make decisions quick." Brent futures and West Texas Intermediate crude futures have slumped since U.S. President Donald Trump's April 2 announcement of broad tariffs. Oil prices steadied on Tuesday as a recovery in equity markets was outweighed by recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies. Brent futures were up 33 cents, or 0.5%, at $64.54 a barrel at 1400 GMT. WTI crude futures rose 41 cents, or 0.7%, to $61.11. Chris Carlsen, CEO of Canadian natural gas producer Birchcliff Energy, said the sector is concerned about the potential for a global recession, though he said many Canadian companies are well-positioned to handle a $60 oil price environment. He said the slide in oil prices could benefit natural gas producers in the long term if it leads to an overall reduction in North American drilling. "When they're drilling less oil, there's less associated gas with that, which means we could be short on the natural gas production side," Carlsen said. Sign in to access your portfolio
Yahoo
05-02-2025
- Politics
- Yahoo
Small group protests Trump, Musk outside North Dakota Capitol during national movement
Protesters wave flags and signs at passing cars along Boulevard Avenue near the Capitol in Bismarck on Feb. 5, 2025. (Michael Achterling/North Dakota Monitor) About two dozen protesters braved single-digit temperatures Wednesday outside North Dakota's Capitol to make their voices heard concerning the direction of the federal government under President Donald Trump. The group along Bismarck's Boulevard Avenue joined contingents from across the country during a Day of Protest to voice opposition to Elon Musk's involvement in federal spending and staffing, Project 2025 and the encroachment of religion into policy making. 'I'm not exactly a progressive, but I don't support what's going on with the current government,' said Alex Charuat of Bismarck. He said he's voted for Democrats and Republicans in the past, but he has a problem with billionaires being directly involved with the federal government. 'He's a contractor for NASA and now he has NASA's ear, I think there's a lot of money going into his hands,' Charuat said of Musk. Charuat said he heard about the protest at the Capitol on Reddit. Taylor Abler of Bismarck made a sign rejecting what he sees as an oligarchy of billionaires taking over large swaths of the American economy and government. 'I dislike that a lot and I think the Congress and the Senate need to do a better job of standing up to the executive orders being passed,' Abler said. 'It starts with us. People need to let their voices be heard.' Trump received support from 67% of North Dakota voters in 2024 and 65% in 2020. A group of three protesters represented three different generations within the same family. Tiffany Bartole of Austin, Texas, was visiting family in Bismarck with her son, Lance, 12. Because they couldn't be at the Capitol building in Austin to protest, they decided to protest together in Bismarck. 'Elon Musk, Trump, I'm here to stand up for people that don't have the same privilege that I was born with by having white skin,' Bartole said. She added she believes the immigration enforcement actions being undertaken by the Trump administration are racist in nature. 'It's profiling and I think it's just causing a whole uproar … it's causing hate in our country,' she said. 'It's going to be citizens attacking citizens because of their skin color.' Bartole thought they were going to be the only three people at the Capitol, but were pleased to find other protesters when they arrived. 'I think it means more when you are standing out in this cold,' Bartole said. SUPPORT: YOU MAKE OUR WORK POSSIBLE SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
