Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the strait and the United States said it lifted its blockade on Iran on Thursday as an interim deal to end the war took effect, though key issues are still unresolved between the two countries. The bank added that [Read more]
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Alberta government expects $100 payouts to arrive within 2 weeks of applications
EDMONTON - Albertans who apply for $100 payments from the province could see the money land in their bank accounts within two weeks of applying. Premier Danielle Smith has said her government is doling out the affordability payments instead of reducing its tax on gasoline at the pumps. Smith says cuts to gas taxes don't always get passed on to consumers, so the payments are the best way to help Albertans with the high cost of living. The U.S.-Iran military conflict sent fuel prices [Read more]
Keyera Corp. Announces $1.0 Billion Senior Unsecured Notes Offering
/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./ CALGARY, AB, June 18, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced today that it has agreed to issue $1.0 billion aggregate principal amount of senior unsecured notes (the "Offering") consisting of $400 million of 3.942% Senior Unsecured Notes, Series 9 due 2031 (the "Series 9 Notes") and $600 million of 4.638% Senior [Read more]
North Dakota’s oil output expected to be steady despite price drop, state regulator says
Energy companies are likely to keep crude output steady this year in North Dakota, the third-largest U.S. oil-producing state, its regulator said on Thursday, despite a sharp decline in oil prices after the United States and Iran signed an interim deal to end their war. Oil prices fell on Thursday to their lowest since the first trading day of the Iran war in March. U.S. West Texas Intermediate later pared losses to settle down 0.3% at $76.60 a barrel. Nathan Anderson, director of North [Read more]
Iran’s Strait Authority to facilitate ships’ passage through Hormuz, Supreme National Security Council says
Iran's Supreme National Security Council said in a statement on Thursday that the country's Persian Gulf Strait Authority will take measures to issue fast authorizations to ships wanting to pass through the Strait of Hormuz as per the memorandum of understanding signed by Tehran and Washington. Measures on mine clearance will be carried out under the Islamabad MoU, though ships are advised to stick to the path and timing allocated by the authority, the statement published by state media [Read more]
US energy firms add rigs for eighth time in nine weeks, says Baker Hughes
U.S. energy firms this week added rigs for the eighth time in nine weeks, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by one to 563 in the week to June 18, its highest since early June. Baker Hughes released the report a day early due to the U.S. Juneteenth holiday on Friday. With this week's rig increase, Baker Hughes said the total count was up nine rigs, or 2% above this time last [Read more]
Iran’s Khamenei says he approved MoU with US, despite reservations, after assurances on Iran’s rights
Iran's Supreme Leader Mojtaba Khamenei said on Thursday he had authorised a memorandum of understanding signed by the Iranian and U.S. presidents, despite holding a different view, after receiving assurances from President Masoud Pezeshkian and other senior officials that Iran's rights and the interests of the "Resistance Front" would be safeguarded. In a written message to the Iranian nation, Khamenei said Pezeshkian, in his capacity as head of the Supreme National Security Council, had [Read more]
Final decision on Bay du Nord set for early 2027 as estimated oil reserves grow
ST. JOHN'S - Equinor has told investors it will decide in early 2027 whether it will proceed with its proposed Bay du Nord oil project off the east coast of Newfoundland. Geir Tungesvik, an executive vice-president with the Norwegian energy company, described Bay du Nord as a "basin opener" with a reserve of 550 million barrels of recoverable oil. That's up from recent estimates of 430 million barrels, and nearly double initial estimates of 300 million barrels. Tungesvik made the [Read more]
LNG Canada Ships 100th Cargo, Marking Milestone Year for Canada’s LNG Industry
LNG Canada has shipped its 100th liquefied natural gas (LNG) cargo from its export facility in Kitimat, British Columbia, marking a significant operational milestone less than a year after the project began exports, the company said in a LinkedIn post Thursday. The milestone underscores a strong first year for Canada's largest LNG export project, which has helped establish the country as a new supplier to global energy markets. LNG Canada said its focus remains on safe and responsible [Read more]
Iran deal redraws the Middle East: Iran gains, rivals alarmed
The U.S.-Iran agreement — the first signed by an American and an Iranian president since Iran's 1979 Islamic Revolution — is being hailed by its backers as the deal of the century. But for Tehran's adversaries across the Middle East — from Israel to Gulf states and factions in Lebanon — it looks more like the curse of the century: an accord that could leave Iran more secure, more legitimate and ultimately more influential. U.S. President Donald Trump and Iranian President Masoud Pezeshkian [Read more]
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