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HALIFAX - Nova Scotia Premier Tim Houston says some opponents of fracking are drowning out voices who want to have a conversation and learn more about new fossil fuel production. Houston posted the comments on social media, along with a short video of a consultation session in Windsor, N.S., hosted by Dalhousie University on Monday evening. The provincial government kicked off the consultations more than a year after lifting a ban on fracking that was in place for over a decade. Houston [Read more]

Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo leave or enter the Gulf, two top sector executives said on Wednesday. "Two weeks ago when the ceasefire, said to be temporary, came into picture, we thought there was hope. But in reality, the agreement was not translated into the safety and passage (of the vessels)," Jotaro Tamura, chief executive of Japan's Mitsui O.S.K. Lines, told Reuters in an [Read more]

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.9 million barrels to 465.7 million barrels in the week ended April 17, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 806,000 barrels in the week, the EIA said. Refinery crude runs fell by 55,000 barrels per day [Read more]

Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil price have been made shortly before major announcements on the Iran war. One combined wager in March was worth $500 million, while April's bets have together totalled some $2.1 billion. * Between 1954 [Read more]

Calgary, Alberta--(Newsfile Corp. - April 22, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that today the Company has sold its non-core assets located in Tableland, Saskatchewan (the "Tableland Assets") to an arm's length third party (the "Purchaser") for aggregate proceeds of $13.0 million (the "Transaction"). The Transaction was completed pursuant to an asset purchase and sale agreement between the Company and the Purchaser entered [Read more]