OTTAWA - Statistics Canada says the country's merchandise trade surplus grew to $2.7 billion in April as higher oil prices helped boost exports to a record high. The agency says the result was the largest surplus since January 2025 and compared with a surplus of $1.8 billion in March. Total exports rose 1.6 per cent in April to reach a record $75.2 billion as exports of energy products rose 9.7 per cent, offset by a 17.5 per cent drop in metal and non-metallic mineral [Read more]
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Permian Strategic Partnership Highlights $2.3 Billion in Regional Investment and Expanding Economic Impact Across the Permian Basin
New reports show the Permian Basin supports more than 940,000 U.S. jobs, generates billions in state revenue, and continues driving American energy leadership. MIDLAND, Texas, June 9, 2026 /PRNewswire/ -- The Permian Strategic Partnership (the PSP), a coalition of 25 leading Permian Basin energy companies and two university systems, today released its 2025 Annual Report and latest Power of the Permian economic impact report, highlighting how continued investment across the Permian Basin is [Read more]
Alberta Startup Targets Frac Water Storage Gap with 30,000 m³ Modular System
Freshet Systems has introduced the Freshet Tank, an innovative 30,000 m³ modular above ground water storage system designed for the scale, agility, and flexibility required in current hydraulic fracturing operations. Frac water logistics have changed dramatically over the past decade. Supply flowrates have increased threefold, and total water demand per development program has more than doubled in some assets. Yet much of the temporary water storage infrastructure used across the industry [Read more]
LNG demand in Asia recovers from Iran shock as China buys: Russell
Liquefied natural gas demand in Asia is quietly recovering from the shock of losing almost 20% of global supply to the Iran conflict as top buyer China shows signs of returning to the market. The biggest-importing region is on track for arrivals of 21.83 million metric tons in June, the most for five months and also up from the 21.55 million tons in the same month last year, according to data compiled by commodity analysts Kpler. Asia's LNG imports had dropped to a six-year low of 18.74 [Read more]
Alberta pitches cheap natural gas for data center boom
Alberta is touting its abundant supply of cheap fossil fuels to entice tech companies to build data centers for the AI boom, a move that would undermine Canada's plan to link new data center development with clean energy expansion. Canada is the world's fifth-largest producer of natural gas, around 60% of which comes from Alberta. As well as huge fossil fuel reserves, the western province boasts a cooler climate that can offset the cooling costs of data center infrastructure and plenty of [Read more]
Global Energy Show to kick off with natural resources minister, Alberta premier
CALGARY - The Global Energy Show kicks off today with an address from the federal natural resources minister, followed by sessions featuring a diverse slate of political and corporate leaders from Canada and abroad. Along with Tim Hodgson's speech on "building an energy superpower," Day 1 of the three-day conference is set to include discussions with Alberta Premier Danielle Smith and, later in the day, B.C. Energy Minister Adrian Dix. At last year's event, Smith made an early push for a [Read more]
Oil falls as investors await clarity after Iran-Israel halt attacks
Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities. Brent crude futures were down 91 cents, or 1%, at $93.34 a barrel at 0400 GMT, while U.S. West Texas Intermediate declined $1.13, or 1.2%, at $90.17 a barrel. Prices climbed as much as 5% in the previous session after renewed Israeli strikes on [Read more]
Feds offer millions in loans to airlines as fuel costs soar. Some don’t want the cash
MONTREAL - The federal government on Monday offered a loan lifeline to airlines struggling to cope with the soaring price of jet fuel, garnering a mixed response from the country's carriers. The new program will let airlines borrow up to $150 million each, as fallout from the Iran war forces them to slash flight schedules and cut profit forecasts. Ballooning fuel costs have put severe pressure on airlines' balance sheets, said Finance Minister FranÇois-Philippe Champagne, who framed the [Read more]
Cardinal Energy Ltd. Announces Monthly Dividend for June
Calgary, Alberta--(Newsfile Corp. - June 8, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our June dividend of $0.06 per common share will be paid on July 15, 2026 to shareholders of record on June 30, 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 natural gas [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 Monday. WCS for July delivery in Hardisty, Alberta, settled at $12 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.15 a barrel on Friday. * The WCS differential has been volatile with global crude price swings since the start of the U.S.-Iran conflict. * But U.S. refinery demand is strong, as evidenced by refineries deferring [Read more]
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