Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent crude futures rose 70 cents, or about 0.83%, to $84.93 a barrel at 0312 GMT, while U.S. West Texas Intermediate futures rose 81 cents, or 1.03%, to $79.76 a barrel, erasing losses from the previous session. Both [Read more]
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Pembina Pipeline Declares Quarterly Preferred Share Dividends and Announces Second Quarter 2026 Results Conference Call
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 15, 17, 21 and 25. Series 1, 3, 5, 7, and 21 preferred share dividends are payable on September 1, 2026, to shareholders of record on August 4, 2026. Series 15 and 17 preferred share dividends are payable on October 1, 2026, to shareholders of record on [Read more]
Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says
If the U.S. and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency Executive Director Fatih Birol said on Thursday. "Oil security is still a critical issue," Birol told a Council on Foreign Relations event. "We should be worried, and I am worried, if the situation does not improve in the next few weeks." The Strait of Hormuz, a narrow waterway between Iran and Oman that normally carries about one-fifth [Read more]
Cavvy Energy To Hold Conference Call And Webcast To Discuss Second Quarter 2026 Results
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, July 16, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) will release its financial and operating results for the second quarter of 2026 on Tuesday, August 11, 2026, after market close. President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and recent company developments on an [Read more]
Paramount Resources Announces Completion of Distribution of AKITA Drilling Shares
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. CALGARY, AB, July 16, 2026 /CNW/ -- Paramount Resources Ltd. ("Paramount") (TSX:POU) has completed the previously announced dividend in kind to its shareholders of 19,264,270 common shares of AKITA Drilling Ltd. ("AKITA Shares"). Paramount no longer owns or controls any AKITA Shares. About Paramount Paramount is an independent, publicly traded [Read more]
US refiner margins hit new records as fuel shortage concerns grow
U.S. refiner margins registered a fresh record high for the third consecutive session on Thursday, as low stockpiles and worsening tensions in the Middle East threaten potential supply shortfalls in the world's largest fuel consuming nation. U.S. refiners have been the biggest beneficiaries of the Iran war as international buyers have clamored for their supplies, pushing the country's fuel exports to record highs. As a result, however, domestic fuel stockpiles have dropped and lifted fuel prices [Read more]
Keyera tells Competition Tribunal $5.15B Plains purchase ‘pro-competitive’
CALGARY - Keyera Corp. has told the Competition Tribunal that its purchase of Plains' All American Pipeline LP's natural gas liquids business does not amount to the acquisition of a "vigorous, effective rival" and was instead a "pro-competitive development." The Competition Bureau announced in May that it had applied to the court-like tribunal to challenge the $5.15-billion deal, which closed shortly thereafter. The federal watchdog argues the purchase is likely to harm energy producers [Read more]
LNG exports set to add $1.4 trillion to US GDP through 2040, S&P Global Energy study says
Liquefied natural gas is poised to become the United States' second-largest net export industry within five years, adding nearly $1.4 trillion to its gross domestic product through 2040, according to an S&P Global Energy study. In 2025, the country became the first to export more than 100 million metric tons of LNG in one year, as new plants helped production. * The S&P study forecast total investments across the U.S. LNG supply chain to exceed $1 trillion through 2040, with a [Read more]
Close to 800,000 have applied for $100 rebate, payments coming: Alberta’s Smith
EDMONTON - Alberta Premier Danielle Smith says close to 800,000 people have applied for her government's $100 energy rebate. Smith says she expects the first batch of payments to start landing in Albertans' bank accounts in the next few days. She also says the government is looking at ways to streamline the process after some reported having issues with the online application. Smith says it's too soon to say whether the affordability payments will continue or if the government will [Read more]
Pakistan worries about being drawn into US-Iran conflict after Houthis attack Saudi Arabia
Attacks on Saudi Arabia by Yemen's Iran-aligned Houthis this week have frustrated Pakistan and threaten to draw Islamabad into the conflict, complicating any future role it may have as a mediator between the United States and Iran. Nuclear-armed Pakistan, which helped broker an interim deal last month in the war between Washington and Tehran, signed a mutual defence agreement with Saudi Arabia last year and thousands of Pakistani soldiers have been deployed to the kingdom, alongside a squadron [Read more]
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