Oil prices eased on Friday but were heading for weekly gains on the uncertainty over Middle East supplies and a larger-than-expected crude stocks draw in the United States. Brent crude futures fell 71 cents, or 0.67%, to $105.21 a barrel by 0352 GMT, while US West Texas Intermediate crude futures were down 77 cents, or 0.79%, to $97.20. WTI settled up more than 3% on Thursday after a big US crude stock draw on hurricane production shut-ins. For this week so far, Brent increased 0.44%, [Read more]
Headlines
Discount on Western Canada Select widens again
The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened again on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $26.40 a barrel below the US benchmark WTI, compared with $25.55 on Wednesday, according to brokerage CalRock. The discount is now more than $15 wider than it was at this time last year. * The widening reflects a combination of growing Venezuelan imports into the US Gulf Coast, refinery disruptions, [Read more]
Whitecap Resources Inc. confirms monthly dividend for October of $0.0608 per share and announces third quarter 2026 results conference call / webcast
CALGARY, AB, Oct. 15, 2026 /CNW/ -- Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of October operations will be paid on November 16, 2026 to shareholders of record on October 31, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). In addition, Whitecap announces that it intends to release its third quarter 2026 results after market close on Wednesday, October 28, 2026 and has [Read more]
Peyto Exploration & Development Corp. Confirms Monthly Dividend for November 13, 2026
CALGARY, Alberta, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to October 2026 of $0.12 per common share is to be paid on November 13, 2026, for shareholders of record on October 31, 2026. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to [Read more]
Freehold Royalties Declares Dividend for October 2026
CALGARY, Alberta, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on November 16, 2026 to shareholders of record on October 30, 2026. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.0 million gross acres in Canada [Read more]
US plan to ease shadow fleet sanctions unlikely to free up many tankers, analysts say
A potential Trump administration plan to ease sanctions on vessels that have transported sanctioned oil and fuel would likely have limited impact on boosting tanker availability, traders and analysts said on Thursday. Shadow fleet ships still face sanctions from other countries and lack the certification, insurance and maintenance needed to enter mainstream trade. The discussions are the latest in a string of ideas the Trump administration is considering to lower fuel prices and inflation. [Read more]
US crude stocks fall on hurricane production shut-ins; distillate inventories fall, EIA says
US crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 8.6 million barrels to 415.6 million barrels in the week ended October 9, the EIA said, compared with analysts' expectations in a Reuters poll for a 288,000-barrel draw. "This is definitely a hurricane report.... There was nobody bringing oil into the Gulf of Mexico, avoided that like the plague last week with the [Read more]
‘Hardly surprising’ many Alberta business leaders staying mum on separation: expert
CALGARY - The silence from many Alberta business leaders on the upcoming provincial referendum comes as no surprise to one corporate governance expert. Monday's vote includes 10 questions: one on whether Alberta should remain in Canada or move toward a binding separation referendum; five on immigration and four on constitutional matters. Business advocacy groups have been vocal in warning of the economic fallout from a split, as well as measures that could make it harder to attract [Read more]
How are Yemen’s Houthis attacking Saudi Arabia so effectively?
Houthi militants who control northwestern Yemen have in the past week attacked Riyadh international airport and hit the headquarters of Saudi Aramco, the world's largest oil company, in air assaults that have laid bare Saudi Arabia's vulnerability to threats from its enemy next door. The attacks are shattering the illusion of Saudi Arabia as a safe international investment hub as it tries to attract foreign money and diversify away from oil. This nightmare scenario for a key US ally in the [Read more]
How Aramco learned to keep pumping oil under fire
When attack drones struck Saudi Aramco's biggest oil pipeline last month, satellite images showed one of its pumping stations burnt to ashes. By the next day, scores of bulldozers were already building a new pipeline. Within days pumping resumed. The speed of the recovery illustrates how the world's biggest oil producer has transformed its ability to operate under attack after years of assaults on energy infrastructure across the region. "Today, our teams can handle multiple incidents [Read more]
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