HOUSTON - Elyse Vandermolen is like many residents of Houston — a Texan frustrated by watching the price per gallon tick higher at the gas pump while the oil-producing state she calls home is set for record exports because of the war in Iran. "It just makes your eyes pop out when you fill up the tank," Vandermolen told The Canadian Press at a Shell station Tuesday. U.S. President Donald Trump has been boasting that empty supertankers are approaching the Gulf Coast as the conflict in Iran [Read more]
News
Oilpatch holding off on investment changes despite crude price surge
CALGARY - Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it's not changing their investment plans in the near-term. The chief executive at oilsands giant Cenovus Energy says it's too early on in the crisis to know what the enduring changes to the market are going to be. Jon McKenzie says his company makes plans based on lower oil prices to ensure it's just as resilient at US$100 a barrel as it is at [Read more]
US crude stocks, gasoline and distillate inventories fall, EIA says
U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 913,000 barrels to 463.8 million barrels in the week ended April 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 154,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.7 million barrels in the week, the EIA said. Oil futures pared earlier losses following the report. Global [Read more]
US crude oil and products exports hit record last week, EIA says
Total U.S. crude oil and petroleum products exports rose to 12.7 million barrels per day last week, the highest on record, data from the Energy Information Administration showed on Wednesday. Iran's blockade of the Strait of Hormuz in its ongoing war with the U.S. and Israel has sharply cut Middle Eastern oil exports and raised demand for U.S. barrels. Total U.S. oil and products exports rose about 1 million bpd week-over-week, the biggest jump in a month, the EIA data [Read more]
US, Iran talks progress towards agreement to end war, Axios reports
The United States and Iran made progress in talks on Tuesday and are moving closer to a framework agreement to end the war, Axios reported on Wednesday, citing two US officials. (Reporting by Kanjyik Ghosh in Barcelona;) [Read more]
Alliance Pipeline announces a binding open season for firm service in Alberta’s Industrial Heartland
CALGARY, AB: (March 2, 2026) Alliance Pipeline Limited Partnership (“Alliance”), fully owned and operated by Pembina Pipeline Corporation, announced today a binding open season (“Open Season”) for expansion capacity commitments of up to 350 mmcf/d of incremental natural gas delivery in Alberta’s Industrial Heartland (“Firm Heartland Service”) that will remain open until April 20, 2026. The Open Season is on the Canadian segment of the Alliance system in northwest Alberta for the Firm [Read more]
Core Conference 2026: A Technical Program Built for Today’s Energy Geoscientist
As the energy industry continues to evolve, the demand for high-quality, practical geoscience has never been greater. The Core Conference 2026, hosted by the Canadian Energy Geoscience Association (CEGA), returns as Canada’s premier rock-focused event—bringing geoscientists together to examine core, exchange ideas, and advance subsurface understanding. This year’s theme – The Core Continuum: Subsurface Knowledge Driving Innovation. A Program Anchored in Geological Time and Subsurface [Read more]
Hemisphere Energy Declares Special Dividend and Announces 2025 Fourth Quarter and Year-End Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased announce that its Board of Directors has approved the declaration of a special dividend to shareholders, as well as provide its financial and operating results for the fourth quarter and year ended December 31, 2025. Special Dividend Supported by the current strength in oil pricing and consistent 2026 first-quarter production [Read more]
US oil export ban: a bad idea whose time is coming
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Robert Cyran NEW YORK, April 14 (Reuters Breakingviews) - For every problem, there’s a ready-made easy solution that is also just plain wrong. A ban on U.S. oil exports fits into the category. Prices for crude and the products made from it are rising because of disruption in the Strait of Hormuz. Asian and European buyers, desperate for replacements, are therefore looking elsewhere. The United [Read more]
Surge Energy Inc. confirms May 2026 dividend
CALGARY, AB, April 15, 2026 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2026, in respect of April 2026 production, for the shareholders of record on April 30, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]
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