Vicki Hollub is preparing to retire as chief executive of Occidental Petroleum, after her decade-long stewardship of the U.S. oil and gas company that made her one of the most powerful women in a male-dominated industry, sources familiar with the matter told Reuters. Hollub, 66, plans to make a formal announcement later this year, according to four people with knowledge of the matter. Richard Jackson, who was elevated to chief operating officer in October, is primed to become CEO upon [Read more]
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Trump officials tout US energy dominance as global oil execs warn of supply crisis
U.S. officials this week said the historic spike in fuel prices during the war in Iran will be short-term and trumpeted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe bemoaned the worst oil and gas supply disruption in decades. The contrasting messages relayed to industry leaders at the annual CERAWeek conference in Houston reflected the different political realities in the U.S. and the rest of the [Read more]
Private firms spearhead global shale push as US public operators stay home
Private energy companies and their backers are emerging as leaders in the next phase of global shale development, taking early positions in overseas basins while publicly listed U.S. producers focus on capital discipline and their core domestic acreage. The pattern echoes the early years of the U.S. shale revolution, when independent wildcatters took the initial risks to prove drilling and completion techniques before larger, more established energy players moved in at scale. The shale [Read more]
Trump says Iran’s ‘present’ to US was allowing 10 oil tankers through Hormuz
U.S. President Donald Trumpsaid on Thursday that Iran was letting10 oil tankers transit the Strait of Hormuz as an apparent goodwill gesture in negotiations. Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as a "present" from Iran. "They said, to show you the fact that we're real and solid and we're there, we're going to let you have eight boats of oil, eight boats, eight big boats of oil," Trump said. "I guess they were [Read more]
U.S. envoy Witkoff says Iran is seeking an off-ramp
The United States has sent Iran a "15-point action list" as a basis for negotiations to end the current conflict, U.S. Special Envoy Steve Witkoff said on Thursday, adding that there are signs that Tehran was interested in making a deal. Witkoff, speaking during a cabinet meeting at the White House, said that the nascent talks could be successful if the Iranians realize there were no good alternatives - a realization Tehran might be coming to, he argued. "We will see where things lead, and [Read more]
Trump urges Iran to make a deal or US will ‘keep blowing them away’
President Donald Trump on Thursday urged Iran to make a deal to end U.S. and Israeli bombing or face more strikes on their country. "They now have the chance, that is Iran, to permanently abandon their nuclear ambitions and to join a new path forward," Trump said during a Cabinet meeting at the White House. "We'll see if they want to do it. If they don't, we're their worst nightmare. In the meantime, we'll just keep blowing them away." Trump spoke after a senior Iranian official told [Read more]
Alberta’s economy remains resilient amid geopolitical turmoil
EDMONTON, AB, March 26, 2026 /CNW/ - Ongoing trade and geopolitical uncertainty continues to create a challenging backdrop for Alberta businesses and consumers. At the same time, Alberta's economy has remained resilient, and is expected to continue to grow faster than the national economy. According to ATB Financial's Economic Outlook released today, Alberta's real GDP growth forecast for 2026 has been revised to 2.7 per cent, up from the 2.1 per cent projected in [Read more]
War, oil shock, uncertainty? Time to raise US equity outlook: McGeever
With visibility on the U.S. economic outlook greatly reduced by the fog of war and $100-a-barrel oil, it might seem an odd time to be getting more bullish on stocks. But from a valuation, earnings, and growth perspective, there's a compelling case. Strategists at Barclays outlined it this week as they raised their S&P 500 price and earnings forecasts, and they're not the lone bulls. Corporate America won't entirely escape the economic fallout from the Iran war and energy shock, they [Read more]
US proposal to end war is ‘one-sided’, door to diplomacy still open, Iranian official says
Iran’s initial response to the U.S. proposal to end the war, which was conveyed to Pakistan, was that it was "one-sided and unfair", a senior Iranian official told Reuters on Thursday, adding that a path forward might still be found if realism prevailed in Washington. The official said the proposal "was reviewed in detail on Wednesday night by senior Iranian officials and the representative of Iran’s Supreme Leader". "In brief, the proposal suggests that Iran would relinquish its ability [Read more]
Yemen’s Houthis ready to join Iran war if needed, raising new shipping risk
* Houthis have track record of disrupting international shipping * Iran-aligned group ready should need arise to join war, leader says * Bab al-Mandab is a key choke point By Mohammed Ghobari and Emma Farge ADEN/GENEVA, March 26 - Yemen's Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and trade chaos during the Gaza war, stands ready to strike the key waterway again in solidarity with Tehran, one Houthi leader told Reuters, a move that would [Read more]
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