A tanker reported being hit by unknown projectiles in the Strait of Hormuz, a maritime security organisation said on Monday, shortly after President Donald Trump said the U.S. would start helping free ships stranded in the Gulf by the U.S.-Israeli war on Iran. Trump provided few details about the plan, which he said would start on Monday to aid ships and their crews that have been "locked up" in the vital waterway and are running low on food and other supplies. "We have told these [Read more]
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Oil slips after Trump says US will help free ships stranded in Strait of Hormuz
Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100. Brent crude futures fell 64 cents, or 0.59%, to $107.53 a barrel by 2308 GMT after settling down $2.23 on Friday. U.S. West Texas Intermediate was at $101.10 a barrel, down 84 cents, or 0.82%, following a $3.13 loss on Friday. "For the good of Iran, the Middle [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch for in the Canadian business world in the coming week: Loblaw results Loblaw Cos. Ltd. will release its first-quarter results on Wednesday morning before markets open. The grocery and drugstore retailer has been working to build its discount stores and private-label products as shoppers continue to hunt for deals. Telecom earnings Two of the country's big telecommunications companies are expected to report earnings. BCE Inc. will report its [Read more]
Trump says US Navy acting ‘like pirates’ to carry out naval blockade of Iranian ports
President Donald Trump said on Friday the U.S. Navy was acting "like pirates" in carrying out Washington's naval blockade of Iranian ports during the U.S. and Israel's war against Iran. Trump made the comments while describing the seizure by U.S. forces of a ship a few days ago. "We took over the ship, we took over the cargo, we took over the oil. It's a very profitable business," Trump said in remarks on Friday evening. "We're like pirates. We're sort of like pirates but we are not playing [Read more]
Discount on Western Canada Select narrows
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Friday. WCS for June delivery in Hardisty, Alberta, settled at $16.30 a barrel, below the U.S. benchmark WTI, according to brokerage CalRock, compared to $17 in mid-April. * While the discount has narrowed, the price marks the steep differential for heavy Canadian crude since the start of the U.S. war on Iran. * The WCS differential has been volatile since the start of [Read more]
LNG Canada exports hit 1 million metric tons for first time in single month
Exports of liquefied natural gas from Canada’s LNG Canada plant topped 1 million metric tons in April, setting a monthly record, according to LSEG data. * LNG Canada is the country’s first major LNG export facility and the first on North America’s West Coast, giving it direct access to Asia, the world’s largest LNG market. * All volumes produced by the plant went to Asia in April, with more than half sold to South Korea. One cargo was delivered directly to China. * China has not been [Read more]
Petrus Resources Declares Monthly Dividend for May 2026
CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable May 29, 2026, to shareholders of record on May 15, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP") Petrus' DRIP enables eligible shareholders to reinvest all or part of their cash [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]
AltaGas announces election of Directors
CALGARY, AB, May 1, 2026 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) is pleased to announce the final director election results from its 2026 Annual Meeting of Shareholders held on April 30, 2026 (the "Meeting"). All nominees recommended by management for election were elected for a term ending at the next annual meeting of shareholders or until their successors are duly elected or appointed. The detailed results of the vote are set out [Read more]
Trans Mountain Reports Q4 2025 and Full-Year 2025 Results
All financial figures are in Canadian dollars, unless noted otherwise. Calgary, Alberta--(Newsfile Corp. - May 1, 2026) - Trans Mountain Corporation ("Trans Mountain" or TMC" or "the Company") today announced its financial and operating results for the fourth quarter and full-year of 2025. "2025 marked a defining year for Trans Mountain, one in which we demonstrated consistent, disciplined performance across the Company, finishing the year ahead of our plan on both operational and [Read more]
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