U.S. President Donald Trump is discovering – yet again – just how unforgiving and powerful bond markets can be. A global selloff has swept through sovereign debt markets, as rising inflation has driven yields on long-dated bonds to their highest levels in decades. The 30-year U.S. Treasury yield on Wednesday hit 5.20%, the highest since 2007, and BNP Paribas analysts forecast a "de-anchored rise" toward 5.50% and perhaps even beyond. This debt rout has been accompanied by a dramatic [Read more]
Headlines
Photo ops are easy, turning the wheels is another matter
In 2025, China opened a breathtaking rail terminal facility called Chongqing East. The city is in mountainous terrain, and so building a large rail terminal is a compounded challenge. Nevertheless, at an estimated cost of $8 billion, a 1.2 million square meter facility over 8 levels was constructed after carving a flat space out of the side of a mountain. An estimated 2 million cubic meters of concrete went into it, along with 366,000 tonnes of steel. The terminal includes, as in, one facet, [Read more]
Iran is consolidating control of Hormuz with island checkpoints, diplomatic deals – and sometimes ‘fees’
The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-metre-long Agios Fanourios I, laden with Iraqi crude oil and bound for Vietnam, had been bottled up off the coast of Dubai since late April. But on May 10 it set off for the strait after a direct deal with Iran overseen by Iraq’s prime minister. Iran’s orders to the tanker [Read more]
Keyera AltaGas and CN to go ahead with new rail terminal project
CALGARY - Keyera Corp., AltaGas Ltd. and Canadian National Railway Co. have announced a plan to go ahead with a new $240-million rail terminal project. Under the plan, Keyera will build and own the Alberta Corridor Export Rail Terminal on land it owns. The project will be supported by long-term commercial arrangements with AltaGas and CN. The terminal is expected to provide transportation capacity for the shipment of about 45,000 barrels per day of propane and butane from the Fort [Read more]
Saudi Arabia crude exports fall to 4.974 mln bpd in March
Saudi Arabia's crude oil exports in March fell to 4.974 million barrels per day from 7.276 million bpd in Feb, official data showed on Wednesday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published them on its website. (Reporting by Bengaluru Commodities Desk) [Read more]
Keyera, AltaGas and CN Partner to Build Strategic Canadian Infrastructure
Investment in ACE Rail Terminal to strengthen Canada's energy competitiveness, expand access to global markets and support long-term economic growth CALGARY, AB, May 20, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera"), AltaGas Ltd. (TSX: ALA) ("AltaGas") and CN (TSX: CNR) (NYSE: CNI) today announced plans to advance the Alberta Corridor Export ("ACE") Rail Terminal Project (the "Project"), a strategic Canadian energy infrastructure investment designed to strengthen Canada's energy supply [Read more]
Japan oil refiners expect to secure enough supply to replace Middle East crude for summer
Japanese oil refiners will be able to secure sufficient substitute crude and petroleum products to replace Middle Eastern supplies through the summer, the head of an industry association said on Wednesday. Shunichi Kito, president of the Petroleum Association of Japan, said that U.S. crude is becoming the main substitute while efforts continue to procure crude from Saudi Arabia and the UAE via routes that bypass the Strait of Hormuz. Some Japanese companies are sourcing crude from Latin [Read more]
Iran war boosts US shale oil but only so much: Bousso
U.S. shale oil drillers have responded rapidly to the surge in crude prices since the start of the Iran war by ramping up production, but output gains are likely to be far more constrained than in the previous shale boom. The loss of around 13% of the world’s oil supplies due to the blockade of the Strait of Hormuz following the outbreak of the war on February 28 has been a boon for the U.S. oil industry. Benchmark U.S. crude prices have risen roughly 60% since then, to around $107 a barrel. [Read more]
New oil and gas jobs from BOE Report Jobs
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. 19 General Foreperson - Instrumentation Strike Group Calgary May. 19 3rd/4th Year Apprentice Instrumentation Technician Strike Group Calgary May. [Read more]
Goldman Sachs says US natural gas output shows signs of price sensitivity
Goldman Sachs said in a note on Tuesday that U.S. natural gas production is showing signs of price sensitivity as Henry Hub prices moved back above $3 per million British thermal units this week for the first time since late March. The bank sees the ongoing signs of U.S. dry gas production price sensitivity as the most relevant, as it will impact how the market navigates an expected decline in U.S. gas balances through 2027. According to Goldman, Haynesville production growth has slowed [Read more]
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