A cargo of U.S. liquefied natural gas has arrived at a Chinese terminal for the first time since trade tensions between Washington and Beijing effectively halted direct shipments, vessel-tracking data showed, though it may never enter China as the terminal's bonded storage facilities allow re-exports without import duties. Carrying a cargo loaded in early June from U.S. energy firm Venture Global LNG's Plaquemines export plant in Louisiana, the Al Fat'h LNG tanker arrived at the PipeChina [Read more]
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Oil prices rise for 4th day as US strikes on Iran raise fears of wider conflict
Oil prices rose for a fourth straight day on Thursday after a new wave of U.S. strikes on Iranian military installations fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. The United States struck Iran's coastal defences and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran threatened to shut off more regional energy exports, saying it was engaged in an "existential war" with America. Brent crude futures climbed [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $13.15 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $13.40 on Tuesday. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up earlier this month and due to the ongoing weakness in China's import appetite, which [Read more]
Peyto Exploration & Development Corp. Confirms Monthly Dividend For August 14, 2026
CALGARY, Alberta, July 15, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to July 2026 of $0.12 per common share is to be paid on August 14, 2026, for shareholders of record on July 31, 2026. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more [Read more]
Obsidian Energy Announces $75 million Add-On to our Existing Senior Unsecured Notes
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - July 15, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we have entered into an underwriting agreement to sell, on a private placement basis (the "Offering"), an additional $75.0 million aggregate principal amount to our existing 8.125% senior unsecured notes due December [Read more]
Freehold Royalties Declares Dividend for July 2026
CALGARY, Alberta, July 15, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on August 17, 2026 to shareholders of record on July 31, 2026. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.0 million gross acres in Canada and [Read more]
Iran’s Qalibaf says Tehran has no reason to honour U.S. MoU without benefits
Iran's top negotiator Mohammad Baqer Qalibaf said on Wednesday that if Iran did not benefit from its memorandum of understanding with the U.S., "we have no reason to adhere to such an understanding". Iran's national security depends on maintaining "Iranian arrangements" in the Strait of Hormuz, Qalibaf added in a statement posted on Telegram. He said Iran's approach to its war with the U.S. and negotiations to end it should be based on national interests, national security and a long-term [Read more]
Some ships refusing US-military guided Hormuz transits after attacks, sources say
Shipping companies are avoiding using a U.S. military-guided transit scheme through the Strait of Hormuz after a wave of Iranian attacks on vessels sparked safety concerns, seven maritime security and shipping industry sources said. For decades ships sailed into and out of the Gulf using a safe set of lanes down the middle of the strait established by the U.N.’s shipping agency in 1968 dubbed the Traffic Separation Scheme. Since the Iran war began on February 28, Iranian forces have mined [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed in Tuesday's trading session, according to data from brokerage CalRock on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $13.40 a barrel below the U.S. benchmark WTI, CalRock said, compared to $13.65 on Monday. * The discount remains significantly wider than it was in June, after traffic through the Strait of Hormuz picked up earlier this month, and due [Read more]
US crude stocks fall as refiners step up processing, EIA says
U.S. oil and gasoline stocks fell last week, the U.S. Energy Information Administration said on Wednesday, as refiners stepped up their crude processing and gasoline demand remained sturdy in the summer driving season. Crude inventories fell by 1.7 million barrels to 409.7 million barrels in the week to July 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.6 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 430,000 barrels in [Read more]
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