BaynWallstreet

(Bloomberg) — First-quarter earnings season is delivering Wall Street better-than-expected results, propelling US equities’ run from one record to the next. Read More

(Bloomberg) — As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official.  Read More

Calgary-based Imperial Oil Ltd. says it cut 130 jobs in the first three months of the year as part of its broader restructuring plan to move its headquarters outside of the oilpatch capital in the coming years. Read More

This week, FP Video looks at the province of Alberta switching to permanent Daylight Savings Time in an effort to support local business, we dive into Shell’s decade of energy projects across Canada, we take a close look at food inflation and what is driving the cost of living ever higher, and we ask what could come next from the Bank of Canada and interest rate . Plus, as the UAE exits, could OPEC lose its grip on the global oil supply? Read More

Barrick Mining Corp. recently announced an initial public offering of its North American gold assets, with a primary listing on the New York Stock Exchange and a secondary listing on the Toronto Stock Exchange. It follows Teck Resources Ltd., which last year agreed to merge with Anglo American PLC, with the combined company slated for a primary listing on the London Stock Exchange. Read More

(Bloomberg) — An India-linked supertanker laden with liquefied petroleum gas is attempting to transit the Strait of Hormuz, a rare crossing that underscores the country’s struggle to alleviate a historic energy crisis. Read More

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