The United States' NATO allies said on Monday they would not get involved in President Donald Trump's plan to blockade the Strait of Hormuz, further ratcheting up tensions within the increasingly fragile alliance. Trump said the U.S. military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach an agreement to end the six-week conflict with Iran. The U.S. military later specified that the blockade, due to start at 1400 GMT on Monday, [Read more]
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Post-Combustion Carbon Capture Implications and Opportunities in Gas Fired Power Generation
Author: Clara Yuan (Process Engineer), Fluor Canada Ltd. Over the past several decades, implementing carbon capture technology as a form of emissions abatement has become an increasingly common consideration for many industries. This includes industries like power generation, which continue to rely on traditional fossil fuels based on the advantages they present over renewable energy (e.g., availability). There is significant growth expected in natural gas fired power generation as a [Read more]
Oil tops $100, safe-haven dollar gains as US moves to blockade Iran
Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell. The U.S. move, aimed at putting pressure on Tehran, leaves a fragile ceasefire hanging in the balance and no end in sight to the choke on Middle East energy exports - though the mood on trading floors leaned toward hoping for a resolution. Brent crude futures were up 7% at $102 a barrel, marking a gain of more [Read more]
Obsidian Energy Announces Operational Update
Robust Belly River and Cardium results in Willesden Green, with three additional wells expected on production in mid-April Continued progress on Clearwater waterflood initiatives with the Dawson pilot commissioned and both Nampa and West Dawson injector wells rig released Highest quality oil produced to date in Peace River on the West Dawson and Nampa pads Calgary, Alberta--(Newsfile Corp. - April 13, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the [Read more]
Iran’s Hormuz gamble ushers in a tense new normal for Gulf energy: Bousso
The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the uneasy “new normal” has likely set the stage for yet another round of conflict. Tehran has now demonstrated both its ability and willingness to seal off the critical waterway and strike vital infrastructure across the region, fundamentally altering the risk calculus for its neighbours and [Read more]
GFL Environmental and SECURE Waste Infrastructure announce acquisition by GFL, further expanding and densifying GFL’s Western Canadian footprint
Unique opportunity to acquire a leading waste management provider in Western Canada Immediately accretive, increasing Adjusted Free Cash Flow(1) per share by 12% to 15% Highly attractive financial profile, increasing Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow(1) conversion to between 40.5% and 42.5% on a pro forma basis Net Leverage(1) neutral acquisition providing GFL with enhanced scale and balance sheet flexibility Purchase price of $24.75 per [Read more]
Morgan Stanley maintains oil price forecasts and predicts slow recovery in supply
Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80 a barrel in 2027. The bank said it expected oil supply chains to take months to normalise even if a reopening of the Strait of Hormuz can be achieved. Under its base-case scenario, exports through the Strait stay at low levels in April, recover about 70% of lost volumes between May and July, and return to [Read more]
Physical crude oil prices have already hit $140, Repsol CEO says
Physical crude oil prices hit $140 per barrel last week, well above the prices fetched on financial markets, Repsol CEO Josu Jon Imaz said on Monday. "What happens is that if I used to buy crude oil, where the base reference was Brent minus $3, Brent minus $4, now it's being bought, especially in Asia, at Brent plus $20, Brent plus $25 per barrel," Imaz told an event in Madrid. "Physical transactions are under a lot of strain," he added, alluding to the supply crisis sparked by the [Read more]
What does a US naval blockade of Iran mean for oil flows?
The U.S. military said it would block shipping traffic in and out of Iran's ports starting at 10 a.m. ET (1400 GMT) on Monday, a move that would prevent roughly two million barrels of Iranian oil a day from entering the world's markets, further tightening global supply. Here are details on the planned blockade and its implications for oil markets. WHAT WAS ANNOUNCED? After weekend peace talks in Islamabad between negotiators from the U.S. and Iran ended without a deal, President Donald [Read more]
Trump returns to weary and failing playbook with Hormuz blockade threat: Russell
Escalate to de-escalate is a well-worn playbook employed by U.S. President Donald Trump, and no doubt global crude oil markets are hoping his promise to blockade the Strait of Hormuz is just the latest example of this ploy. The announcement that the U.S. Navy will block vessels from Iranian ports using the narrow waterway raises the stakes massively in the six-week-old conflict. Trump's threat was delivered with his usual bombast in a social media post on Sunday, and it effectively ended [Read more]
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