Expands ATB Capital Markets' capabilities and service offering, increasing coverage for its clients EDMONTON, AB, Aug. 11, 2025 /CNW/ - ATB Financial, the largest financial institution headquartered in Western Canada, announced today that they have entered into an agreement to acquire all of the outstanding shares of Cormark Securities Inc. ("Cormark"), a strong Canadian independent investment bank with offices in Toronto and Calgary. Founded in 1981, Cormark is an established [Read more]
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Malaysia’s Petronas to boost international portfolio to 60% over next decade
Malaysia's state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global partnerships, it said in a fact sheet shared with Reuters. In a volatile market, Petronas is upgrading its upstream operation portfolio to focus on [Read more]
The airline industry’s dirty secret: Clean jet fuel failures
In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the aviation industry to follow in its drive to cut emissions. Six years later, that collaboration is dead. Boston-based World Energy was one of the first companies in the world to produce commercial quantities of sustainable aviation fuel (SAF), a type of renewable fuel made from sources such as used cooking oil, agricultural residues and other [Read more]
International Petroleum Corporation Announces Results of Normal Course Issuer Bid
TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 98,900 IPC common shares (ISIN: CA46016U1084) during the period of August 4 to 8, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission [Read more]
Russia’s Arctic LNG 2 continue loadings with 4th sanctioned tanker, data shows
A liquefied natural gas (LNG) tanker targeted by U.S. sanctions has berthed at Russia's Arctic LNG 2 plant, the fourth such vessel to do so this year, shiptracking data from Kpler and LSEG showed. The Christophe De Margerie tanker arrived unloaded at Arctic LNG 2 on August 9, showed Kpler data. The vessel was sanctioned by the U.S. Treasury department in January as part of a broader goal to target Russia's oil and gas revenues. The Arctic LNG 2 project, which is 60%-owned by Russia's [Read more]
The crude oil market bets Trump’s India threats are hollow: Russell
The crude oil market's rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India's imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due to take effect on August 28. If the new tariff rate does come into place, it will take the rate for some Indian goods to as much as 50%, a level high enough to [Read more]
Oil prices fall as market eyes US-Russia talks on Ukraine
Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact. Brent crude futures fell 52 cents, or 0.78%, to $66.07 a barrel by 0041 GMT, while U.S. West Texas Intermediate crude futures fell 58 cents to $63.30. Expectations have risen for a potential end to sanctions that have limited the supply of [Read more]
Vance says Ukraine peace deal unlikely to satisfy either side
U.S. Vice President JD Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv "unhappy." He said the U.S. is aiming for a settlement both countries can accept. "It's not going to make anybody super happy. Both the Russians and the Ukrainians, probably, at the end of the day, are going to be unhappy with it," he said in a Fox News interview that aired Sunday. U.S. President Donald Trump said on [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Friday. WCS for September delivery in Hardisty, Alberta, settled at $12.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.95 a barrel on Thursday. * The differential between Canadian heavy crude and the U.S. benchmark has trended wider. This is due to the return of more normal market conditions, analysts say, after the discount became [Read more]
Canada joins allies in lowering price cap on Russian oil
The Canadian government said on Friday it will join some of its closest allies in lowering the price cap for Russian oil over its continued war in Ukraine, the country's finance department said in a statement on Friday. Canada will lower the price cap for seaborne Russian-origin crude oil to $47.60 from $60 per barrel, the statement said. The price cap move brings Canada in line with the European Union and the United Kingdom, who announced in July they would lower the cap as they target [Read more]
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