As Middle East conflict drives oil prices higher, Alberta unions demand windfall taxes on energy companies, while industry warns such measures could drive away investment during volatile times.
Alberta's electricity system faces growing reliability challenges amid extreme weather and rising demand. Energy storage technology offers solutions to stabilize the grid, integrate renewables, and reduce costs, positioning Alberta as a potential global l
President Donald Trump urges Israel and Iran to stop targeting energy infrastructure as Middle East conflict escalates, causing Brent crude to spike over 10% to $119 per barrel and European natural gas to surge 35%.
The European Union is urgently implementing measures to mitigate soaring energy costs triggered by the ongoing conflict in the Middle East, aiming to stabilize markets and protect consumers.
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Diesel fuel prices in New Brunswick have experienced a sharp increase overnight, impacting consumers and businesses. This rise is attributed to global oil market fluctuations and local supply factors.
Global oil and natural gas prices have skyrocketed as Iran's attacks on Gulf energy facilities disrupt supplies, with Brent crude nearing US$114 per barrel amid market turmoil.
TC Energy CEO François Poirier emphasizes the need for quicker project timelines to meet rising global demand for stable energy, highlighting challenges in infrastructure development and regulatory processes.
Global oil and natural gas prices surged dramatically after Iran attacked key energy infrastructure in Qatar and Kuwait, exacerbating fears of a prolonged energy crisis and widespread economic disruption.
Iran and Israel exchange attacks on key energy facilities in the Middle East, damaging Qatar's LNG plant and driving oil prices up 50% since the conflict began three weeks ago.
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The world's largest natural gas field in Iran was targeted in strikes, prompting retaliatory attacks from Tehran. The incident marks a significant escalation in regional tensions, with global energy implications.
A joint study reveals that expanding Canada's oil pipeline capacity could boost GDP by $31.4 billion annually and support over 112,000 jobs from 2027 to 2035, offering a significant economic stimulus.
As volatile oil prices drive up living costs, NorQuest College researcher Martin Boucher is addressing the growing energy affordability crisis for renters in Edmonton, focusing on policy gaps and community workshops.
Federal Minister Eleanor Olszewski and Alberta Premier Danielle Smith highlight strengthened federal-provincial ties while addressing rural leaders, with a pipeline application expected by June.
U.S. Vice President JD Vance is set to meet with an oil trade group, acknowledging a 'rough road ahead' for gas prices amid ongoing economic and energy sector discussions.
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MBAK Energy Solutions begins international deliveries exceeding $290,000 monthly to Europe, India, and Zambia, including e-bicycles and battery storage systems.
Multiple Canadian commercial vessels remain stranded in the Persian Gulf as the ongoing blockade of the Strait of Hormuz disrupts global shipping routes and regional trade.
TC Energy CEO Francois Poirier says Canada's energy project approval process remains too slow despite Prime Minister Mark Carney's reforms, calling for six-month permit timelines to compete globally.
A key Iranian gas field in the Persian Gulf has been attacked, marking a serious escalation in regional tensions. The incident raises concerns about energy security and geopolitical stability.
The U.S. Energy Information Administration reports an increase in crude oil inventories alongside decreases in gasoline and distillate stocks, reflecting shifting market dynamics and refining activity.
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The 'Buy Canadian' initiative by Zekelman has wrapped up, having paid out $30,000 in rewards to promote local steel use amid concerns over foreign materials in infrastructure projects.
President Donald Trump has authorized a 60-day waiver of the century-old Jones Act, allowing foreign vessels to transport oil and gas between U.S. ports to combat rising energy prices during the Iran conflict.
Trans Mountain Corp. announces a series of expansion projects starting in 2027 to add 90,000 barrels daily, addressing imminent pipeline capacity shortages in Western Canada as crude exports surge.
The United States has relaxed sanctions on Venezuela's oil sector, a strategic move by the Trump administration to increase world oil supply during the ongoing Iran conflict, impacting global energy markets.
The Saskatchewan Industrial and Mining Suppliers Association expresses optimism about provincial budget funding for mining and energy sectors, with increased oil production targets and critical minerals development.
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Iran vows to retaliate against Qatar, Saudi Arabia, and UAE's oil and gas facilities following an attack on an offshore field, escalating Middle East tensions.
Motorists in Ottawa face another hike in gas prices this week, continuing a trend of rising fuel costs that impact daily commutes and household budgets.
Qatar has formally accused Israel of launching an offensive on a natural gas field it jointly operates with Iran, escalating tensions in the Middle East conflict.
Gas prices in Calgary have climbed to $1.69 per litre, driven by global oil market pressures. This increase impacts local consumers and reflects broader economic trends in the energy sector.
Approximately 90 vessels, including oil tankers and cargo ships, navigate the Strait of Hormuz daily as Iran continues exporting millions of barrels of oil, highlighting the strategic waterway's resilience amid ongoing regional conflicts.
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The federal Liberal government's modest commitment to global oil reserve releases reveals Canada's lack of strategic petroleum storage and planning deficiencies in energy infrastructure.
