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CALGARY, AB, June 24, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) held its annual and special meeting of shareholders on June 24, 2025 (the "Meeting"). The Company is pleased to announce that all matters presented at the Meeting were approved, including the special resolution (the "Arrangement Resolution") approving the arrangement with Sunoco LP (the "Arrangement") and election of all ten nominees listed in the management information [Read more]

President Donald Trump said on Tuesday that China can continue to purchase oil from Iran after the U.S. bombed the OPEC member's nuclear facilities and hoped that China would also buy "plenty" of it from the United States. "China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the U.S., also," he said in a post on Truth Social. Trump's post came after he had announced that Iran and Israel had agreed to a ceasefire following the U.S. bombing over [Read more]

Iranian President Masoud Pezeshkian said Tehran was ready to resolve issues with the U.S. based on international frameworks, in comments in a phone call with Saudi Crown Prince Mohammed bin Salman, Iran's official news agency IRNA reported on Tuesday. The call comes a day after U.S. President Donald Trump announced a ceasefire deal between Israel and Iran. (Reporting by Jaidaa Taha and Menna Alaa El Din; Editing by Hugh Lawson) [Read more]

U.S. oil and gas producer Coterra Energy will hold its rig count steady at nine in the Permian Basin, CEO Tom Jorden said Tuesday, reversing earlier plans to scale back activity as the company grows more confident in the outlook for oil prices. In May, Coterra announced it would reduce its Permian activity to seven rigs in the second half of 2025 from its original plan of ten, trimming capital spending in the basin by about $150 million. That decision was driven by oil price headwinds and [Read more]

CALGARY - S&P Global Commodity Insights says oilsands output is forecast to rise by half a million barrels from last year's levels by the end of the decade. That would mark a three per cent increase from S&P's previous 10-year outlook for the sector and would be the fourth upward revision in a row. Chief Canadian oil analyst Kevin Birn says the change in trajectory, even during volatile times, reflects how producers are working to improve efficiency from existing [Read more]

Oil production in North Dakota fell 22,000 barrels-per-day (bpd) to 1,172,000 bpd in April, monthly data from the state Industrial Commission showed. The data was released on the North Dakota Industrial Commission's monthly index report page and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission's general statistics report, also available on its website. [Read more]

The massive U.S. tax and budget bill being finalized by Congress cannot pass a provision that automatically enables offshore oil and gas projects to skip over the federal environmental review process unless it gets at least 60 Senate votes, the body's parliamentarian said on Monday. This is among the latest provisions that have been struck by Senate parliamentarian Elizabeth MacDonough, whose role is to ensure that lawmakers follow proper legislative procedure, such as requiring 60 out of 100 [Read more]

Iranian President Masoud Pezeshkian said on Tuesday that Tehran would not violate the ceasefire deal unless Israel does, Iran's state-run Nournews said. U.S. President Donald Trump earlier announced that the ceasefire deal had been reached between Israel and Iran. Tehran is prepared to talk and defend the rights of the Iranian people at the negotiating table, Nournews cited Pezeshkian as saying. (Writing by Jaidaa Taha; Editing by Alison Williams) [Read more]