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YELLOWKNIFE, NT, June 24, 2026 /CNW/ - The world is changing rapidly. In response, a confident Canada is choosing to build. Canada's government is building major projects – new ports, mines, highways, and energy infrastructure – that will transform our economy and unlock billions of dollars in new investment for Canadian workers and businesses. Key to those efforts is the Major Projects Office (MPO) and the Building Canada Act (the Act), which are helping streamline federal approval and [Read more]

J.P. Morgan on Wednesday lowered its second-half 2026 Brent crude oil price forecast due to lower-than-expected OECD commercial inventory draws and lower demand for oil. The bank sees Brent averaging $86 per barrel in the third quarter, $80 in the last quarter, and expects to exit 2026 at $78, according to a research note. * J.P. Morgan said OECD commercial inventories draws have come in below expectations, while demand losses have been larger than expected, implying materially less upward [Read more]

(Adds details from report ) HOUSTON, June 24 (Reuters) - U.S. crude stocks at Cushing fell to a near 12-year low last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 6.1 million barrels to 412.1 million barrels in the week ended June 19, their lowest since January 2025, the EIA said, compared with analysts' expectations in a Reuters poll for a 4.5 million-barrel draw. Crude stocks at the Cushing, [Read more]

U.S. Secretary of State Marco Rubio held talks with the United Arab Emirates leader on Wednesday during a Middle East tour, seeking to reassure Gulf allies who view a proposed Iran peace deal as too soft on a regional power that attacked them in the war. The U.S.-Iran accord reached last week — the first signed by an American and an Iranian president since Iran's 1979 Islamic Revolution — includes a proposed $300 billion fund and the waiver of some sanctions. Arriving in the United Arab [Read more]

For decades, Alberta's energy industry has excelled at finding and developing new reserves. Yet one of the province's largest opportunities may not involve drilling a single new well. Across Alberta, an estimated 45,000 shallow gas wells remain in various stages of maturity, decline, or underperformance. Many continue to produce, but often at rates well below their true reservoir potential. Others have been written off as uneconomic despite still containing recoverable reserves. The [Read more]