Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.S. has incurred. Brent crude futures fell 10 cents, or 0.11%, to $87.62 a barrel by 0405 GMT, while U.S. West Texas Intermediate crude futures were down 5 cents, or 0.06%, to $82.08 a barrel. Both benchmarks rose more than 5% on Monday to their highest since July [Read more]
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Proposed Roberts Bank oil terminal would build on expanded West Coast marine safety system
Project being assessed by federal Major Projects Office for potential fast-tracking View from the bridge of an oil tanker transiting B.C. waters. Photo courtesy BC Coast Pilots/Trans Mountain Corporation Published on August 9, 2026 Author Name: Will Gibson Category Oil Having lived near the sea for almost all of her life, Bonnie Gee has a clear view of both the opportunities and risks of navigating the waters off British Columbia’s rugged [Read more]
Cardinal Energy Ltd. Announces Monthly Dividend for August
Calgary, Alberta--(Newsfile Corp. - August 10, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our August dividend of $0.06 per common share will be paid on September 15, 2026 to shareholders of record on August 31, 2026. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and [Read more]
Energy stocks lift TSX into positive territory as oil prices rise
TORONTO - Canada’s main stock index climbed on Monday, helped by gains in the energy sector, while U.S. markets were negative. The S&P/TSX composite index was up 77.10 points at 36,458.33. Oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again. “That's really the main story of the market today: it's the oil price and how it feeds into inflation expectations and how it feeds into interest rates over the medium and longer [Read more]
Diesel prices surge on tightening global supply
U.S. and European diesel prices rose sharply on Monday after attacks on refineries in Russia and Saudi Arabia added to supply disruptions, raising concerns for farmers in need of the fuel for the planting season in the Northern Hemisphere and harvesting season in the Southern Hemisphere. The U.S. ultra-low sulfur diesel futures contract rose 7.4% to settle at $4.19 a gallon on Monday, the biggest gains since July 13. European diesel refining margins, measured as the difference between the [Read more]
Trump says the US has swept Strait of Hormuz for mines
President Donald Trump said on Monday that the United States controls the Strait of Hormuz and had swept the strategic oil waterway for Iranian mines. "Look, the only one that has control of the Strait of Hormuz right now is the United States Navy," Trump told reporters in the Oval Office. "We've mine swept the entire strait." (Reporting by Jacob Bogage and Steve Holland; Editing by David Ljunggren) [Read more]
Oil stocks in US Strategic Petroleum Reserve fall by 6.1 million barrels to lowest level since 1983
Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 6.1 million barrels to 298.7 million barrels last week, the lowest level since January 1983, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Arathy Somasekhar in Houston) [Read more]
US natgas prices climb 4% as LNG export flows hit one-month high
U.S. natural gas futures climbed about 4% to a one-week high on Monday as daily flows to liquefied natural gas (LNG) export plants rose to a one-month high. Front-month gas futures for September delivery on the New York Mercantile Exchange (NYMEX) rose 9.5 cents, or 3.6%, to $2.757 per million British thermal units (mmBtu), putting the contract on track for its highest close since August 3. With futures down about 18% over the past seven weeks, speculators last week boosted their net short [Read more]
China is balancing Asia’s crude oil demand by itself: Russell
China is singlehandedly doing the heavy lifting of cutting crude oil demand in Asia to compensate for reduced shipments from the Middle East as a result of the Iran war. The world's biggest oil importer reported arrivals of 8.41 million barrels per day (bpd) in July, up from the near decade low of 7.12 million in June but still 24.3% below July last year. If June and July imports are combined, it gives an average of 7.78 million bpd for the past two months. This is 4.21 million bpd below [Read more]
Rubellite Energy Corp. reports second quarter 2026 financial and operating results, and provides operations and 2026 guidance update
CALGARY, AB, Aug. 10, 2026 /CNW/ -- Rubellite Energy Corp. ("Rubellite" or the "Company"), is pleased to report its second quarter 2026 financial and operating results and provide an operations and 2026 guidance update. Select financial and operational information is outlined below and should be read in conjunction with Rubellite's unaudited condensed consolidated interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six [Read more]
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