The Iran war has torn open a dangerous rift in global oil markets: physical crude is trading at record highs while futures benchmarks signal calm. That disconnect is forcing consumers, companies and policymakers to navigate without a reliable compass - and it could leave a lasting scar on the global economy. Investors have struggled to price the unprecedented disruption to global oil supplies since Iran effectively closed the Strait of Hormuz following the U.S.-Israeli strikes on February 28. [Read more]
News
Imperial to hold 2026 First Quarter Earnings Call
CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) John Whelan, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2026 First Quarter Earnings Call on Friday, May 1, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Whelan will offer brief remarks prior to taking questions from [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 Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $16.60 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $16.50 on Tuesday. * The WCS differential has been volatile since the start of the U.S. war on Iran and the effective closure of the Strait of Hormuz, which has sharply reduced crude exports from the region and left [Read more]
Peyto Exploration & Development Corp. Confirms Monthly Dividend for May 15, 2026
CALGARY, Alberta, April 15, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to April 2026 of $0.11 per common share is to be paid on May 15, 2026, for shareholders of record on April 30, 2026. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more [Read more]
Whitecap Resources Inc. confirms monthly dividend for April of $0.0608 per share and announces first quarter 2026 results conference call / webcast
CALGARY, AB, April 15, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of April operations will be paid on May 15, 2026 to shareholders of record on April 30, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). In addition, Whitecap announces that it intends to release its first quarter 2026 results after market close on Wednesday, April 29, 2026 and has scheduled a [Read more]
Trump issues several pipeline permits for US-Canada oil transportation
U.S. President Donald Trump issued several pipeline permits on Wednesday, including one for the construction of a new pipeline, to facilitate the transportation of crude oil and petroleum products between the U.S. and Canada, according to documents released by the White House. The permit authorizing construction was issued to the Bakken Pipeline Company for pipeline facilities at Burke County, North Dakota. Other permits were issued for the maintenance and operation of existing pipelines [Read more]
Permian-focused EagleRock plans rare US oil and gas IPO, sources say
EagleRock, a company that collects royalties and fees from oil and gas production on the land it controls in the Permian Basin, is exploring a U.S. initial public offering that could value it at up to $2 billion, people familiar with the matter said. The Houston-based firm has hired Goldman Sachs on the potential rare U.S. oil and gas listing, four of the sources said, with two adding it could come as soon as the second quarter. The listing plan comes as crude prices have soared due to the [Read more]
White House denies U.S. requested ceasefire, says new talks may happen in Pakistan
Reports that the White House has requested a ceasefire in the Iran war are wrong, press secretary Karoline Leavitt told reporters on Wednesday but added that discussions about a second round of talks with the Iranians were ongoing and productive. Speaking at a White House press briefing, Leavitt said any fresh talks would likely be in Pakistan again as it has emerged as the "only mediator" in the effort to end the U.S.-Israeli war on Iran. "These conversations are productive and ongoing, [Read more]
Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says
Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without risk of attack as part of proposals it has offered in negotiations with the United States, providing a deal is clinched to prevent renewed conflict, a source briefed by Tehran said. The U.S.-Israeli war with Iran has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the strait, which handles about 20% of the world's oil and [Read more]
European buyers hold talks to ship Canadian LNG via Panama Canal to diversify supply
European buyers, including Germany's Uniper, are exploring the possibility of purchasing liquefied natural gas from Canada's Pacific coast and shipping it through the Panama Canal as part of a long-term strategy to diversify supply, an effort made more urgent in the wake of the Iran war, two sources familiar with the matter said. Three sources said European buyers are among the potential customers that have had commercial talks with Canada's Ksi Lisims LNG, a proposed liquefied natural gas [Read more]
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