Headlines

Asian refiners snapped up U.S. crude cargoes overnight as they sought to secure alternative supplies amid escalating tensions in the Middle East, trade sources said on Wednesday. Two South Korean refiners purchased at least 5 million barrels of West Texas Intermediate (WTI) crude, the people said. The cargoes for loading in July and August were bought at premiums of about $11-$12 a barrel to the Dubai benchmark, they added. Thai refiner PTT bought about 1 million barrels of U.S. crude [Read more]

Renewed disruptions to Persian Gulf oil exports could keep upward pressure on prices in the near term, Goldman Sachs said in a note on Tuesday, adding that the next phase of recovery in flows remains uncertain and could be slower than the initial rebound even after geopolitical de-escalation. * Goldman estimates that Gulf exports recovered to more than 80% of pre-war levels after a U.S.-Iran MoU in June, but slipped back below 50%, or about 11 million barrels per day (bpd), over the last week [Read more]

Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on U.S. infrastructure in the region. Brent futures climbed 99 cents, or 1.2%, to $85.72 a barrel at 0400 GMT. West Texas Intermediate futures gained 64 cents, or 0.8%, to $79.98 a barrel. Oil prices closed up 2% at a one-month high on Tuesday as attacks exacerbated a supply disruption in the Strait of Hormuz, through which about a fifth of the world's oil [Read more]

Calgary, Alberta--(Newsfile Corp. - July 14, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the grant of 137,700 stock options to certain Directors and Officers. The stock options expire 30 business days following the date of vesting and are exercisable at a price of $3.13 per common share. The stock options vest as to [Read more]

OTTAWA - A Canada-wide arrest warrant has been issued for a British Columbia man charged with tax evasion who was exposed in the Panama Papers. In 2019, the CRA said it had identified nearly 900 Canadian individuals and corporate entities in a 2016 leak of information from a Panamanian law firm that reported hundreds of billions of dollars sheltered in tax havens around the world, at the expense of numerous countries' treasuries. Properties tied to Wentao Yang and his wife, Rong Catherine [Read more]