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Edison says Qatar may extend gas force majeure, sees US LNG filling gap

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Qatar may extend its force majeure on gas supplies beyond mid-June, Italian importer Edison said on Wednesday, while predicting the gap will be plugged by U.S. supply instead of Russian gas. Speaking in a media briefing, Edison CEO Nicola Monti and its head of gas portfolio management Fabio Dubini said the Italian group bought seven cargoes of liquefied natural gas from the United States after 10 were cancelled by QatarEnergy between April and mid-June due to the Middle East war. Edison [Read more]

Freehold Royalties Declares Dividend for April 2026

CALGARY, Alberta, April 15, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on May 15, 2026 to shareholders of record on April 30, 2026. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.0 million gross acres in Canada and [Read more]

Iran can go up to two months without oil exports before cutting output, analysts say

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Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the U.S. began blocking shipping in and out of the country's ports on April 13. The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from reaching its main buyer China. Any Iranian production shutdowns would add to more than 12 million bpd of supply already disrupted by the regional war, tightening markets further and lifting oil [Read more]

Faster approvals for major projects

Alberta’s government is introducing legislation to approve priority projects critical to the province’s economic future faster. Apr 14, 2026 If passed, Bill 30, the Expedited 120-Day Approvals Act, will establish a 120-day approval time frame to accelerate major project development, reduce delays and improve Alberta’s position as a competitor for global investment. The legislation sets clear criteria, application requirements, approval processes and timelines for proponents, regulators [Read more]

‘It’s getting scary’: Rising gas prices bring frustration to Houston residents

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HOUSTON - Elyse Vandermolen is like many residents of Houston — a Texan frustrated by watching the price per gallon tick higher at the gas pump while the oil-producing state she calls home is set for record exports because of the war in Iran. "It just makes your eyes pop out when you fill up the tank," Vandermolen told The Canadian Press at a Shell station Tuesday. U.S. President Donald Trump has been boasting that empty supertankers are approaching the Gulf Coast as the conflict in Iran [Read more]

Oilpatch holding off on investment changes despite crude price surge

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CALGARY - Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it's not changing their investment plans in the near-term. The chief executive at oilsands giant Cenovus Energy says it's too early on in the crisis to know what the enduring changes to the market are going to be. Jon McKenzie says his company makes plans based on lower oil prices to ensure it's just as resilient at US$100 a barrel as it is at [Read more]

US crude stocks, gasoline and distillate inventories fall, EIA says

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U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 913,000 barrels to 463.8 million barrels in the week ended April 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 154,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.7 million barrels in the week, the EIA said. Oil futures pared earlier losses following the report. Global [Read more]

US crude oil and products exports hit record last week, EIA says

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Total U.S. crude oil and petroleum products exports rose to 12.7 million barrels per day last week, the highest on record, data from the Energy Information Administration showed on Wednesday. Iran's blockade of the Strait of Hormuz in its ongoing war with the U.S. and Israel has sharply cut Middle Eastern oil exports and raised demand for U.S. barrels. Total U.S. oil and products exports rose about 1 million bpd week-over-week, the biggest jump in a month, the EIA data [Read more]

Alliance Pipeline announces a binding open season for firm service in Alberta’s Industrial Heartland

CALGARY, AB: (March 2, 2026) Alliance Pipeline Limited Partnership (“Alliance”), fully owned and operated by Pembina Pipeline Corporation, announced today a binding open season (“Open Season”) for expansion capacity commitments of up to 350 mmcf/d of incremental natural gas delivery in Alberta’s Industrial Heartland (“Firm Heartland Service”) that will remain open until April 20, 2026. The Open Season is on the Canadian segment of the Alliance system in northwest Alberta for the Firm [Read more]