Some birthday season it’s shaping up to be. Canada now has two provinces considering separation, while the US’ coastal regions are now voting in communists and refusing to celebrate 250 because of Trump Derangement Syndrome. Kind of puts a damper on the birthday celebrations. It’s worse than getting a pair of socks. Is it the end of good days, or the beginning of something better? It is easy to see the negative, because holy moly there’s a lot of it, and also because it is thrust into our [Read more]
News
Stampede Drilling Inc. announces upfront capital funding and rig mobilization for Greenland operations
CALGARY, AB, June 30, 2026 /CNW/ - Stampede Drilling Inc. ("Stampede" or the "Corporation") (TSXV: SDI) is pleased to announce that it has received upfront capital from its customer, Greenland Energy Company (NASDAQ: GLND) ("Greenland Energy"), in support of its drilling program in East Greenland's Jameson Land Basin. The funding will be applied to capital upgrades to Stampede's rig in preparation for Arctic operations under the Corporation's 5-year term contract. The upfront [Read more]
Shell expects 65% rise in global LNG demand by 2050
Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday. Global demand is likely to reach nearly 700 million metric tons a year by that date, the world's largest trader of the superchilled fuel said in its 2026 LNG Outlook. LNG trade, which reached 422 million tons in 2025, had been set to increase in 2026, it added. [Read more]
Asia’s crude oil imports tick up in June but uncertainty reigns: Russell
Asia's seaborne imports of crude oil lifted slightly in June but stayed near their lowest in more than a decade as the impact of Iran conflict crimped shipments from the Middle East. The top importing region is forecast to receive 20.71 million barrels per day (bpd) in June, up fractionally from May's 20.39 million bpd and nearly 2 million bpd more than the 18.77 million bpd in April, which was the lowest since November 2015, data from commodity analysts Kpler shows. However, despite the [Read more]
New PPF report offers practical playbook to move Canada’s LNG projects from concept to concrete action
OTTAWA, ON, June 30, 2026 /CNW/ - Public Policy Forum (PPF) today released an independent policy report that argues Canada can strengthen its economic security, diversify export markets, support Indigenous economic participation, contribute to global emissions reductions and environmental protection, and become a more reliable global energy partner. The momentum seems to be there, but momentum alone won't put shovels in the ground; concrete actions will. "Unlocking an [Read more]
Hormuz half-open: tanker fleet prices in recovery hope: Maguire
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports. But the gap between expectation and reality remains wide, leaving the global oil shipping system in a fragile middle ground between crisis and recovery. SIGNS OF [Read more]
Trump urges gasoline retailers to lower prices, warns of ‘big problems’ if they don’t
U.S. President Donald Trump said on Monday gasoline retailers must get prices down immediately and warned that there will be "big problems" ahead if they did not do so. Here are details: * "Gasoline Retailers must get their Prices down, IMMEDIATELY," Trump wrote on Truth Social. * "There will be no gauging, which is totally illegal. If Retailers don't do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number," he wrote. * Last week, Trump said he has [Read more]
US leads global CO2 emissions increase in 2025, report finds
The United States accounted for about a third of the rise in global carbon emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed. Here are highlights from the report, produced in partnership with Ember, Kearney Institute and KPMG: * U.S. coal consumption jumped 10% last year, reversing a shift towards cleaner fuels and helping lift overall emissions. * Global carbon emissions from the energy sector rose 1.1% to 35,806 million [Read more]
Enbridge Celebrates America’s 250th Anniversary; Announces $2.5M Founding Gift to Theodore Roosevelt Presidential Library in North Dakota
Funding will help advance Library's sustainability and conservation initiatives MEDORA, N.D., June 29, 2026 /CNW/ - As America celebrates its 250th anniversary, Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is announcing a $2.5M founding gift to the Theodore Roosevelt Presidential Library (TRPL) which opens July 4, 2026, in Medora, North Dakota. Enbridge's funding supports the library's sustainability certification and conservation initiatives. Enbridge's investment will [Read more]
Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983
Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by 5.5 million barrels to 325.7 million barrels, the lowest level since May 1983, according to data from the Department of Energy. The drawdowns are a part of a U.S. agreement to release 172 million barrels from the facility to plug a gap in global inventories after the Iran war and help push down fuel prices. U.S. crude stocks have rapidly declined in recent weeks due to strong export and refining demand for American [Read more]