(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Afiq Fitri Alias LONDON, July 3 (Reuters Breakingviews) - The United States is again trying to lure foreign capital into Iran. A key part of last month’s ceasefire signed between Washington and Tehran was a $300 billion “reconstruction fund” for the Islamic Republic. The details may differ from a similar push in the wake of the 2015 Joint Comprehensive Plan of Action (JCPOA) to limit Iranian nuclear [Read more]
Headlines
Americans hit road for July 4 despite high gasoline prices
Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels. The easing of tensions between the U.S. and Iran has provided some relief at the pump, reducing fears that disruptions to oil shipments through the Strait of Hormuz could send fuel prices sharply higher. Despite recent declines, motorists are on track to pay the second-highest Independence Day pump prices on record this weekend. Price-tracking service [Read more]
Pembina Signs Agreement to Participate in a Proposed Nation-Building Energy Corridor
Jul 2, 2026 8:35 PM Eastern Daylight Time CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), today announced that it has entered into a non-binding Heads of Agreement (the "HOA") with the Government of Canada, the Province of Alberta, Trans Mountain Corporation, and Alberta Petroleum and Marketing Commission, to participate in a proposed nation-building energy infrastructure [Read more]
Paramount Resources Announces Renewal of Normal Course Issuer Bid and July Dividend
CALGARY, AB, July 3, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Company's notice to renew its normal course issuer bid ("NCIB") for its class A common shares ("Common Shares"). The renewal of the NCIB provides the Company with the continued flexibility to increase shareholder returns through the repurchase of Common Shares at times when management believes that the market [Read more]
US oil companies see big profit jump, gird for clash over pump prices with Trump
U.S. oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump, who has been pressing his longtime ally Big Oil to bring down gasoline prices before midterm elections in November. After months of Americans complaining about pain at the pump, Exxon Mobil and Chevron are expected to report second-quarter earnings in the coming weeks that are more than triple first-quarter levels. Oil prices spiked after the U.S.-Israeli war on [Read more]
Canada, Alberta announce new west coast oil pipeline to boost exports
Canada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater capacity to export to Asia and ease its reliance on the United States. Prime Minister Mark Carney made the announcement in Calgary alongside Alberta Premier Danielle Smith, whose government said construction of the 1-million-barrel-per-day pipeline would begin as early as September 2027. The plan marks the culmination of months of political [Read more]
Canada and Alberta advance west coast pipeline project proposal and Pathways Project Carbon Capture Initiative – to build a stronger, more resilient Canadian economy
CALGARY, AB, July 2, 2026 /CNW/ - Today, the world faces an energy crisis on three levels: our cost of living, our climate, and our sovereignty increasingly depend on a nation's ability to supply and control its own energy. More than any other country, Canada is positioned to become the leading supplier of clean and conventional energy to ourselves and the world. To harness this opportunity, we need a new approach – one that builds sustainably and in full partnership with provinces, territories, [Read more]
West coast pipeline, private partner, oilsands production and pathways
Alberta's government has submitted its application for the West Coast Oil Pipeline to the federal Major Projects Office for listing as a project of national interest. On this page: Private and Indigenous partnership Increasing oilsands production and building the pathways project Quick facts Related information Multimedia The West Coast Oil Pipeline will transport more than one million barrels of oil per day to Canada’s west coast and strengthen [Read more]
Canada’s Carney announces new west coast pipeline to be built by Trans Mountain Corp
Canadian Prime Minister Mark Carney on Thursday announced plans for a new oil pipeline from Alberta to the Pacific coast that will be constructed by Trans Mountain Corp in coordination with Pembina Pipeline Corp. Carney made the announcement in Calgary alongside Alberta Premier Danielle Smith, whose government said in a statement that construction of the new pipeline would commence as early as September 1, 2027. (Reporting by Ismail Shakil and Amanda Stephenson) [Read more]
More than 100K Albertans sign up for $100 affordability rebates as applications open
EDMONTON - The Alberta government says more than 106,000 residents have applied for $100 relief cheques in just over 24 hours. The direct deposits are meant to help Albertans deal with the high cost of living, but high traffic to the government's website left some frustrated by technological hurdles when it launched Wednesday. Nearly 3.4 million adults — with annual household incomes of $225,000 or less — are eligible. Jonathan Gauthier, spokesperson for Technology Minister Nate [Read more]
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