Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world's most traded commodity ahead of major announcements in the course of the Middle East war. Large, well-timed trades in recent months have drawn concern from U.S. lawmakers and legal experts that decisions around war and diplomacy can give some traders an edge in volatile and opaque [Read more]
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How 50 days of the Iran war led to the loss of $50 billion worth of oil
The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come, according to analysts and Reuters calculations. Iranian Foreign Minister Abbas Araqchi said on Friday the Strait of Hormuz was open following a ceasefire accord agreed in Lebanon, while U.S. President Donald Trump said he believed a deal to end the Iran war would come “soon", though the [Read more]
Coelacanth Energy Increases Previously Announced Bought Deal Public Offering to C$80M
Calgary, Alberta--(Newsfile Corp. - April 17, 2026) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that due to strong demand, it has entered into an agreement to increase the size of the previously announced bought deal public offering of common shares with a syndicate of underwriters co-led by Haywood Securities Inc. and Roth Canada, Inc. (the "Co-Lead Underwriters"), as joint bookrunners, and including ATB Capital Markets Corp., Acumen Capital [Read more]
Reactions of industry and leaders to Iran saying Hormuz is open
Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon. Here are some quotes from the shipping industry and world leaders on the Iranian declaration. SHIPPING INDUSTRY: KNUT ARILD HAREIDE, CEO OF THE NORWEGIAN SHIPOWNERS' ASSOCIATION "If this represents a step towards an opening, it is a welcome development. However, the situation remains unresolved, [Read more]
Private Alberta Light Oil Producer Launches Strategic Process for Corporate Sale
Alcedio Capital Inc. (“Alcedio”) has been retained as financial advisor to market and facilitate the sale of a private, Calgary, Alberta-based upstream light oil and gas company (the “Company”). The Company is a private exploration and production business focused in Swan Hills and Northwest (“NW”) Alberta, with current production of approximately 1,000 boe/d from 55 producing wells, weighted 97% to light crude oil and NGLs. The Company has identified more than 400 development locations across [Read more]
Oil falls on prospects for talks to end Iran war
Oil prices fell in early trade on Friday on optimism the Middle East conflict could be nearing an end after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump said the U.S. and Iran may meet for talks on the weekend. Brent crude futures declined by 61 cents, or 0.61%, to $98.78 a barrel at 0707 GMT. U.S. West Texas Intermediate crude futures fell 89 cents, or 0.94%, to $93.8 a barrel, trimming gains from the previous session. Addressing a key sticking [Read more]
CES Energy Solutions Corp. announces appointment of Ms. Theresa Roessel to the Board of Directors
CALGARY, AB, April 16, 2026 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce the appointment of Ms. Theresa Roessel to the Board of Directors and Audit Committee, effective April 16, 2026. Ms. Roessel is a designated CPA and has over 30 years of executive, finance and audit experience across energy, healthcare and not-for-profit organizations. Ms. Roessel currently serves as a director and member of the audit [Read more]
Discount on Western Canada Select widens
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Thursday. WCS for May delivery in Hardisty, Alberta, settled at $17 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.60 on Wednesday. * That marks the steepest differential for heavy Canadian crude since the start of the U.S. war on Iran. * The WCS differential has been volatile since the start of conflict and the effective closure [Read more]
Coelacanth Energy Announces Bought Deal Financing of C$60 Million
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./ CALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) -- Coelacanth Energy Inc. (the "Company" or "Coelacanth") (TSX-V: CEI) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Agreement"), co-led by Haywood Securities Inc. and Roth Canada, Inc. (the "Co-Lead Underwriters"), as joint bookrunners (such syndicate of underwriters, together with the Co-Lead [Read more]
Saturn Oil & Gas Inc. Announces Release Date for Q1 2026 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q1 2026 financial results on Wednesday, May 6, 2026 after market close. A conference call and webcast will be held on Thursday, May 7, 2026, at 8:00 am MT (10:00 am ET) for interested [Read more]
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