President Donald Trump is expected to meet with U.S. refiners and fuel retailers next week to highlight efforts to lower gasoline prices, as his administration seeks to ease pressure on consumers from the Iran war ahead of November's congressional midterm elections, people familiar with the matter said. The political stakes are high for Trump and his fellow Republicans, who are trying to defend narrow majorities in Congress in November. The war with Iran has become increasingly unpopular, while [Read more]
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Saskatchewan fiscal update projects $825M deficit, cites health, agriculture costs
SASKATOON - Inflated oil prices from war in the Middle East were not enough to pump Saskatchewan's budget out of a projected deficit, which stayed nearly static at $825.2-million. Original budget projections made in March for the 2026-27 fiscal year put the province in an $819.4-million deficit. In the provincial fiscal update Thursday, both Saskatchewan's expected annual revenue and expenses rose for the fiscal year, ending in March 2027. Saskatchewan budgeted West Texas Intermediate – [Read more]
Trump administration discusses taking stake in Venezuela oil, Axios reports
The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's oil resources, Axios reported on Thursday, citing two U.S. officials. A deal is still being worked out, but discussions are focused on more than a dozen productive oil fields owned by former Venezuelan insiders and interests previously controlled by China, according to Axios. In return for giving the U.S. an ownership stake that would more than double its [Read more]
Middle East conflict, oil prices push Alberta’s finances back in the black
CALGARY - Alberta’s finances have swung back in the black after war in the Middle East sent global energy prices surging. The province’s latest fiscal update predicts a $2-billion surplus — a huge turnaround from the $9.4-billion deficit originally expected for the 2026 fiscal year. It's the latest reversal of fortune for the oil-rich province perennially tied to international energy markets. Six months ago, the province anticipated West Texas Intermediate – the North American benchmark [Read more]
Enbridge Says Line 5 In Wisconsin To Return To Service Between Aug 31 And Sept 5
ENBRIDGE INC : * SAYS IT ESTIMATES RETURN TO SERVICE OF LINE 5 BETWEEN AUG. 31 AND SEPT. 5 AFTER A LINE STRIKE IN RURAL NORTHERN IRON COUNTY, WISCONSIN * SAYS ON TUESDAY, AUG. 25, A PARKED, UNOCCUPIED SEMI-TRUCK ROLLED INTO AN OPEN EXCAVATION SITE ON A LINE 5 VALVE PROJECT, STRIKING THE PIPE AND RELEASING NATURAL GAS LIQUIDS * SAYS THE AFFECTED SECTION OF PIPE WAS IMMEDIATELY ISOLATED, AND LINE 5 REMAINS SAFELY SHUT DOWN * SAYS THE INCIDENT INVOLVES THE RELEASE OF NATURAL GAS LIQUIDS [Read more]
US LNG feedgas demand hits highest level since April as plants return from maintenance
Demand for U.S. natural gas from LNG export plants rose to the highest level since late April on Thursday as major Texas facilities returned to service from maintenance, according to preliminary data from LSEG. * Feedgas deliveries to U.S. LNG plants climbed to 18.5 billion cubic feet per day. * The increase was driven by higher flows to Cheniere Energy's Corpus Christi plant and Freeport LNG, the third- and fourth-largest LNG export facilities in the U.S. * Freeport confirmed on [Read more]
Chinese state oil giant CNOOC sees potential for US-China energy cooperation
Chinese state-owned oil and gas major CNOOC sees potential for energy cooperation between China and the United States, its CEO said on Thursday, adding that the company would consider investments alongside U.S. partners in the future. * China was a buyer of U.S. oil and gas until Beijing imposed tariffs on the products during last year's trade war. While relations have improved since then, the tariffs remain in place and the energy trade is mostly frozen. * During President Donald Trump's [Read more]
White House says no negotiations with Iran, all options on table
The United States and Iran are not currently in talks to end the war as Washington focuses on pressuring Tehran economically, but all options remain "on the table," White House press secretary Karoline Leavitt said in an interview with Fox News on Thursday. "What President Trump's number one goal has been and will always be is to ensure that Iran can never obtain a nuclear weapon. Period. And so we've had Operation Epic Fury to destroy their military. Now we have Operation Economic Outcast to [Read more]
Enbridge, KKR form joint venture to invest in Westcoast natural gas pipeline
Canadian energy company Enbridge said on Thursday it had agreed to form a joint venture with KKR and Apollo to invest about C$2.7 billion in expansions of its Westcoast natural gas pipeline system in British Columbia. KKR and Apollo are investing alongside Enbridge as demand for natural gas infrastructure in Western Canada and the U.S. Pacific Northwest grows, while the Westcoast system also provides a route to international LNG markets. Under the agreement, the two investment [Read more]
SECURE sets election deadline for the GFL transaction
Registered Shareholders who wish to make an election with respect to their preferred form of consideration to be received in connection with the Transaction must deliver their completed Letter of Transmittal and Election Form and other required documents to the Depository by Monday, August 31, 2026 at 5:00 p.m. (Calgary Time) Beneficial Shareholders who wish to make an election should contact their broker, bank or other Intermediary as soon as possible for [Read more]
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