Among the several hundred browser tabs open on various devices - not joking, you should see my annoyed devices - are an assortment of (very) random pieces that are too interesting to abandon. The odd part is when some event happens in real time that pulls a bunch of these together into some previously non-existent coherence. Not necessarily cause and effect but more like second or third order consequences that were beyond me to spot until humanity’s unfathomable complexity upchucks a clear [Read more]
News
Competition Bureau obtains a court order to advance investigation into Keyera’s proposed acquisition in oil and gas industry
GATINEAU, QC, April 8, 2026 /CNW/ - The Competition Bureau has obtained a court order to gather information to advance its investigation into Keyera Corp's (Keyera) proposed acquisition of the Canadian natural gas liquids business of Plains All American Pipeline LP (Plains). Both Keyera and Plains are important midstream oil & gas companies in Canada. They also transport, fractionate, store, and market natural gas liquids in Fort Saskatchewan, Alberta, including ethane, propane, butane, [Read more]
Iran could open Strait of Hormuz in a controlled way ahead of meeting with US, senior Iranian official says
Iran could open the Strait of Hormuz in a limited and controlled way on Thursday or Friday ahead of a meeting between U.S. and Iranian officials in Pakistan, a senior Iranian official, involved in the talks, told Reuters on Wednesday. "If an understanding on a framework for talks is reached, the strait could be opened "limited, under Iran's control," the official said. "Coordinating with Iranian military will be mandatory for all ships. Still the ceasefire is fragile, however, we prefer [Read more]
Trump announces 50% tariffs on nations supplying Iran with weapons
U.S. President Donald Trump on Wednesday said any country supplying Iran with military weapons will face immediate 50% tariffs with no exemptions, announcing the duty in a social media post one day after agreeing to a two-week ceasefire with Tehran. (Reporting by Susan Heavey; Editing by Sharon Singleton) [Read more]
Iran’s IRGC say they targeted oil facilities including in Saudi Yanbu
Iran's Revolutionary Guards said on Wednesday that they attacked overnight energy complexes and oil transfer lines linked to the U.S. and Israel, including oil facilities in Saudi Arabia's port city Yanbu, state media reported. (Reporting by Reuters; Editing by Hugh Lawson) [Read more]
Deloitte sees Canada’s oilpatch as ripe for deals once turmoil blows over
CALGARY - It might be a busy market for mergers and acquisitions in Canada's oilpatch later this year, provided the geopolitical mayhem eases enough for buyers and sellers to find common ground on price, says a partner at consulting firm Deloitte. In a report published Wednesday, Deloitte said deal activity seemed to be on the upswing heading into this year after a decade-long lull. But with the U.S.-Israel war on Iran shaking global oil markets, the outlook now is much more hazy. "It's [Read more]
Shippers seek clarity on Hormuz reopening after US-Iran ceasefire deal
Shippers looking to revive the passage of tankers through the Strait of Hormuz were seeking clarity on the logistics, while refiners inquired about new crude loadings on Wednesday, in response to a ceasefire deal between the U.S. and Iran. Most stranded oil and gas tankers remained inside the Gulf, LSEG shipping data showed, hours after President Donald Trump announced the two-week ceasefire and said the U.S. would help with the traffic build-up. Iran's foreign minister, Abbas Araqchi, said that [Read more]
Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters
Higher oil and gas prices due to the U.S.-Israeli war on Iran could boost Exxon Mobil's first-quarter upstream earnings by up to $2.9 billion, outweighing the impact of disruptions to some of its oil and gas production in the Middle East, the U.S. oil producer said on Wednesday. Downstream earnings, however, could see a hit of about $5.3 billion in part because of timing effects, though Exxon said in a regulatory filing it will see a lift in earnings in later quarters when oil and gas shipments [Read more]
Hapag-Lloyd: resuming normal shipping to take 6-8 weeks if Middle East stabilises
Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuzafter a two-week ceasefire agreed between the U.S. and Iran, but said that resuming normal traffic throughout its network would take at least 6-8 weeks. Speaking in a call to customers, CEO Rolf Habben Jansen echoed guarded remarks by peer container shipping group Maersk, saying that more security assurances were needed. “Even if a ceasefire has now been agreed overnight, I [Read more]
India set to get first Iranian oil cargo in 7 years, tracking data shows
India is set to receive its first oil from Iran in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week, the data showed. Indian Oil, the country's top refiner, did not immediately [Read more]
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