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The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China's power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war. The suspensions were issued by the U.S. Department of Commerce, the people said, and affect export licenses for parts and equipment used with nuclear power plants. Nuclear equipment suppliers are among a wide range of companies whose sales have been restricted over the past two [Read more]

CALGARY - A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland's shares, making it one of the Calgary-based company's biggest investors. In a letter to Parkland's board of directors, Engine's leadership argues the Sunoco deal was rushed, the price is too low and that there are likely better options available. A month ago, Parkland and Sunoco announced [Read more]

Access HTM Energy Research here. Mobile users may need to click here to see full PDF document. NOTE: The opinions expressed in this document are solely those of HTM Energy and do not reflect the views, positions, or policies of Stack Technologies Ltd. or the BOE Report. This is not investment advice. Please read all disclaimers carefully. [Read more]

HSBC expects OPEC+ to accelerate supply hikes in August and September, which is likely to raise downside risks to the bank's $65 per barrel Brent forecast from the fourth quarter of 2025, it said in a research note on Friday. The bank expects OPEC+ to implement two substantial production increases in August and September of 411,000 bpd and 274,000 bpd, respectively, compressing five increases into two months, it said. "Our new scenario assumes regular hikes from October to December and [Read more]

CALGARY - More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada's oilpatch next week for the Global Energy Show, which is to kick off with a keynote address from the head of the Organization of the Petroleum Exporting Countries. OPEC secretary-general Haitham al-Ghais is set to deliver remarks on Tuesday morning, as recent output increases from his group's members and other producers have put pressure on global crude prices. Among the other [Read more]

Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies. Brent crude futures fell 12 cents, or 0.2%, to $65.22 a barrel as of 0133 GMT. U.S. West Texas Intermediate crude gave up 15 cents, also 0.2%, to $63.22, after gaining around 50 cents on Thursday. On a weekly basis, both benchmarks were on [Read more]