Prime Minister Mark Carney said the federal government has formally submitted a proposal to the Major Projects Office to advance a West Coast oil pipeline routing Alberta crude to the British Columbia coast. The project, to be developed by Trans Mountain with Pembina Pipeline as a private investor, is designed for about 1.0 mln bpd and aims to deliver Canadian crude to global markets; Ottawa and Alberta signed an MOU in Nov 2025 and a project implementation agreement in May 2026.

CSC Financial says AI-driven cost pressure has shifted to the materials end, where exposure is fragmented and many leading suppliers are Japanese. Since H2 2025 bilateral tensions have shown signs of accelerating, tightening supply via de-Japanization while AI-led demand-side inflation reinforces the effect. The firm expects the de-Japanization theme to have further room to run and recommends continued de-Japanization trades, prioritizing domestic powder materials and fluorinated-polymer names for faster growth and accelerating import-substitution opportunities.

Bloomberg tanker-tracking shows Saudi Arabia averaged 6.3 mln bpd of crude shipments over the six days to Wednesday after resuming tanker loading and unloading in the Persian Gulf. The flow is roughly in line with Saudi’s 2025 average and about 90% of February levels — when Saudi and Gulf neighbours sharply increased supply — indicating regional oil output is partially restoring following the temporary US‑Iran peace agreement.