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Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalised. Brent crude futures for July fell 1.1% or $1.04 to $92.67 a barrel at 0330 GMT. U.S. oil futures fell $1.26, or 1.4%, to $87.64 a barrel. Brent plunged 10.5% this week - the steepest plunge since the week that ended on April 6, while WTI fell 9.2% - the biggest weekly loss [Read more]

  Final order for the Transaction granted by the Court of King's Bench of Alberta CALGARY, AB, May 28, 2026 /CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation") (TSX: SES) is pleased to announce that the Court of King's Bench of Alberta has granted the final order in respect of the previously announced plan of arrangement (the "Transaction") with GFL Environmental Inc. ("GFL") (TSX: GFL) (NYSE: GFL). The Transaction was approved by SECURE shareholders at a [Read more]

The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. The Treasury Department said it had sanctioned eight vessels involved in transporting Iranian crude oil and petroleum products to global markets. The vessels included the Marshall Islands-flagged oil tanker Flora, the Comoros-flagged crude oil tanker Hauncayo and [Read more]

Iran’s Tasnim news agency, citing a source close to the negotiating team, said on Thursday the text of a potential memorandum of understanding between Iran and the United States had not yet been finalized or confirmed. The source said Tehran had not informed the Pakistani mediator that the text was complete and would notify both the mediator and the public once finalized, adding that Western media reports claiming the agreement had already been finalized were false. (Reporting by Yomna [Read more]

U.S. distillate fuel oil inventories fell to a 23-year low last week, the Energy Information Administration said on Thursday, as the Iran war continues to choke global fuel supplies and raise demand for U.S. crude and petroleum products. The country's distillate stockpiles, which include diesel and heating oil, fell by 2.1 million barrels in the week ended May 22 to 100.8 million barrels, the lowest since May 2003. Analysts had expected a 1.02 million-barrel drop. "We're going to continue [Read more]

U.S. crude, gasoline and distillate stockpiles fell last week, the Energy Information Administration said on Thursday, as demand jumped. Crude inventories fell by 3.3 million barrels to 441.7 million barrels in the week ended May 22, the EIA said, compared with analysts' expectations in a Reuters poll for a 4.14 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.79 million barrels in the week, the EIA said. Oil futures held on to earlier gains, despite [Read more]