Oil prices are likely to hit their peak "in the next few weeks" once ship traffic resumes through the Strait of Hormuz, U.S.

Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our April dividend of $0.06 per common share will be paid on May 15, 2026 to shareholders of record on April 30, 2026. The ...

OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, citing the impact ...

The head of the International Energy Agency, Fatih Birol, said on Monday he hopes another oil stockpile release is not needed ...

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The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the ...

Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell. The U.S. move, aimed ...

Morgan Stanley left its Brent crude oil price forecasts unchanged on Monday, at $110 a barrel for the second quarter of 2026 and $100 a barrel in the third quarter, falling to $80 a barrel in 2027. Th ...

Physical crude oil prices hit $140 per barrel last week, well above the prices fetched on financial markets, Repsol CEO Josu Jon Imaz said on Monday. "What happens is that if I used to buy crude oil, ...

The U.S. military said it would block shipping traffic in and out of Iran's ports starting at 10 a.m. ET (1400 GMT) on Monday, a move that would prevent roughly two million barrels of Iranian oil a ...

Escalate to de-escalate is a well-worn playbook employed by U.S. President Donald Trump, and no doubt global crude oil markets are hoping his promise to blockade the Strait of Hormuz is just the ...

Iran's Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz will be ...