Headlines

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday. "With Hormuz tanker traffic still restricted, cumulative supply losses from Gulf producers already exceed 1 billion barrels with more than 14 million (barrels per day) of oil now shut in, an unprecedented supply shock," the agency said. Its base-case forecast is for a gradual resumption of [Read more]

CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac”) (TSX–CFW) is pleased to announce the voting results of the election of directors at its annual and special meeting of shareholders held today. Each of the nominees proposed as a director, including new nominee Ken Wagner, were elected as directors to hold office until the next annual meeting of shareholders, or until their successors are elected or appointed. Detailed results of the voting for each nominee [Read more]

BP has not resumed contract talks with a U.S. steelworkers’ union since locking out more than 800 workers at its Whiting, Indiana, refinery in March, the union said on Tuesday, accusing the company of delaying negotiations while claiming publicly it wants to bargain. The United Steelworkers said it again sought to restart talks last week but was told BP was unavailable to meet for nearly two weeks. (Reporting by Anmol Choubey in Bengaluru; Editing by Nia Williams) [Read more]

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 12 Light Equipment Operator Strike Group Bonnyville May. 12 Apprentice Pipefitter Strike Group Bonnyville May. 12 Journeyperson Pipefitter Strike [Read more]

The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed slightly on Tuesday. WCS for June delivery in Hardisty, Alberta settled at $15.90 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, 5 cents higher than Monday's close. * While the discount has narrowed since the start of the month, the differential for heavy Canadian crude remains wider than it was at the beginning of the U.S. war on Iran. * The WCS [Read more]