News

CALGARY, AB — April 16, 2026 / CNW / — Canadian Resource Roadways (“CRR”), a leader in resource infrastructure ownership and operations, is pleased to announce that it has entered into an agreement with ANC Timber Ltd. (“ANC Timber”), an affiliate of the Alberta Newsprint Company (“ANC”), to acquire a 90% interest in the Berland Resource Road (ANC Road) in northwestern Alberta. Supported by its financial sponsor, CBRE Investment Management, this transaction represents CRR making its first [Read more]

U.S. forces in the Middle East are postured to restart combat operations if Iran doesn't agree to a peace deal, Defense Secretary Pete Hegseth told a Pentagon briefing on Thursday. "You Iran, can choose a prosperous future, a golden bridge, and we hope that you do for the people of Iran," he said. "But if Iran chooses poorly, then they will have a blockade and bombs dropping on infrastructure, power and energy." As part of a campaign to pressure Tehran to agree to a deal, U.S. military [Read more]

Every year during spring breakup, as the thaw begins across Alberta and much of Western Canada’s oilpatch operations slow down significantly, a familiar pattern surfaces. Trucks exit the roads. Field activity comes to a halt. And budgets tighten - at least for a short while. But here’s what hasn’t slowed down: decision-making. In fact, for many energy companies, spring breakup has quietly become one of the most strategic periods in the annual business cycle. While field operations stall, [Read more]

The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to a record high to meet demand from Asian and European buyers scrambling to replace Middle East supplies cut by the Iran war. The U.S. and Israel's war with Iran triggered the largest ever disruption to the global energy market as Iranian threats to shipping stopped around a fifth of the world's oil and gas supplies from transiting the Strait of Hormuz [Read more]

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $16.60 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.50 on Tuesday. * The WCS differential has been volatile since the start of the U.S. war on Iran and the effective closure of the Strait of Hormuz, which has sharply reduced crude exports from the region and left [Read more]