Today: 30 June 2026
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TSX:7201 7 May 2026 - 19 May 2026

Motor-oil supplies tighten, raising risk of pricier oil changes

Motor-oil supplies tighten, raising risk of pricier oil changes

Nissan has pulled back a bulletin about possible U.S. motor oil shortages, with the move putting a fresh spotlight on how the Middle East oil shock is filtering into service departments. The automaker told dealers that supplies are currently fine but said things could shift fast, Hearst Television’s Washington News Bureau reported Monday. More than just gasoline is getting squeezed now. Base oil, which makes up most of many lubricants, is getting tighter right as summer driving and auto service pick up. The Independent Lubricant Manufacturers Association says base oils account for about 75% of engine lubricants, with prices moving higher on Middle East conflict, limited Korean refining, and diesel-focused refinery economics.
19 May 2026
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Oil Drops Below $100 as Trump-Iran Deal Hopes Put Strait of Hormuz Back in Play

Oil Drops Below $100 as Trump-Iran Deal Hopes Put Strait of Hormuz Back in Play

Oil slid under $100 a barrel Thursday, with traders wagering a partial U.S.-Iran agreement might loosen up the Strait of Hormuz and take some pressure off supply risks tied to the Middle East conflict. Brent crude shed $1.95, down 1.93%, landing at $99.32 as of 0912 GMT. U.S. West Texas Intermediate lost $1.93, settling at $93.15. Both benchmarks had plunged over 7% on Wednesday. Hormuz carries more weight than your average shipping lane. In 2024, about 20 million barrels of oil passed through the strait each day, the U.S. Energy Information Administration reports. That’s one-fifth of the world’s petroleum liquids consumption. For most of that volume, there simply aren’t many workable detours.
7 May 2026
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Stock Market Today

  • Shenzhen Woer Subsidiary Shanghai Keter Cleared for Beijing Stock Exchange Listing
    June 30, 2026, 9:27 AM EDT. Shenzhen Woer Heat-Shrinkable Material Co., Ltd. said its unit Shanghai Keter got the green light for listing on the Beijing Stock Exchange (BSE). The listing process now moves ahead, putting Shanghai Keter closer to trading publicly and access to more capital. BSE generally backs smaller, innovative Chinese firms. Shenzhen Woer said the update shows its Greater China expansion and keeps attention on the heat-shrink material space.
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