Global oil prices have surged dramatically, climbing more than 7% to surpass US$102 per barrel. This sharp increase is directly attributed to market anticipation of an impending U.S. blockade on Iran, which threatens to disrupt global crude supplies signi
The Organization of the Petroleum Exporting Countries has revised its second-quarter global oil demand forecast downward, citing economic disruptions from the ongoing conflict in Iran.
Morgan Stanley reaffirms its oil price projections, anticipating a measured rebound in global supply as market dynamics evolve. The firm's analysis highlights ongoing economic and geopolitical factors influencing energy markets.
Oil prices climbed sharply in early trading after the U.S. declared a blockade of Iranian ports, with U.S. crude up 8% and Brent crude rising 7%, amid ongoing volatility linked to the Iran war and Strait of Hormuz control.
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The Saskatchewan government's first Crown oil and gas public offering of the fiscal year generated nearly $13 million in revenue from 87 land parcels across four regions.
Fuel prices in the Maritimes have decreased for the second time this weekend, offering relief to consumers amid fluctuating energy costs. The drop follows recent trends in regional pricing adjustments.
Two Chinese supertankers and one Greek vessel carrying crude oil have sailed through the Strait of Hormuz, marking the biggest day of oil exits since the war began six weeks ago. The movement comes as US-Iran peace talks are scheduled in Islamabad.
Fuel prices in the Maritimes have decreased significantly, offering relief to consumers. This trend reflects broader market shifts and regional economic factors.
Canadian travelers face rising fares and flight cancellations as global oil shortages from the Iran conflict disrupt supply chains, with experts predicting prolonged economic pain.
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Nationwide fuel protests in Ireland have led to severe shortages, with over a third of service stations empty. Demonstrators block roads in Dublin and beyond, demanding action on rising fuel prices.
Saskatchewan faces a $90 billion energy dilemma by the 2040s, with coal refurbishment costs soaring and federal regulations looming. This analysis explores wind, solar, and demand-side management as viable alternatives.
U.S. President Donald Trump announced that large numbers of empty oil tankers are en route to the United States to load with high-quality oil and gas, coinciding with high-stakes talks between U.S. and Iranian officials in Islamabad to end the Middle East
As global energy markets face volatility, Canada's heavy reliance on fossil fuels for heating and cooling creates structural vulnerabilities. Geothermal energy offers a resilient alternative that leverages Alberta's existing oil and gas expertise.
Nova Scotia Premier Tim Houston met with Alberta leaders and industry executives to promote the province's energy potential during a pivotal global supply disruption.
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This article explores the critical importance of metallurgical coal in steel production, debunking misconceptions and highlighting its economic impact in Alberta, with insights into regulatory safeguards and environmental progress.
Manitoba Premier Wab Kinew is set to discuss the critical northern trade corridor with the Prime Minister, highlighting its economic importance for the province and national trade infrastructure.
Gas prices in Simcoe County have surged, causing financial strain for residents and businesses. Many are now considering electric vehicles as a long-term solution to combat rising fuel costs.
British Columbia's royalty review for oil and gas could deter investment by creating uncertainty, as the province grapples with high debt and deficits, warns Gary Mar.
A new bill proposes repealing the West Coast tanker ban to enable increased Canadian oil exports to Asian markets, citing safety records and economic benefits.
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Motorists in Nova Scotia and New Brunswick will see a welcome reduction in fuel costs starting this weekend, as gas and diesel prices are scheduled to decrease.
Gas prices in Toronto have decreased overnight, but an analyst predicts elevated fuel costs could continue through June due to market factors.
Capstone Copper Corp. has engaged Bank of Nova Scotia to divest its Cozamin copper mine in Mexico, valued at $400 million, as it shifts focus to Chilean operations amid a surge in global copper deal-making.
Aura Minerals announces preliminary Q1 2026 production results showing record gold equivalent ounces, with a 37% increase year-over-year and alignment with company guidance across six operating mines.
Fuel costs have decreased in Nova Scotia and New Brunswick, providing relief for drivers. This change comes amid broader economic shifts and consumer concerns over energy expenses.
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Diesel fuel costs are projected to stay high for several months, with experts warning that the financial burden on consumers could exceed that of gasoline prices, affecting transportation and goods.
Premier Danielle Smith's team expresses growing frustration with Prime Minister Mark Carney's slow progress on pipeline memorandum of understanding negotiations, highlighting Alberta's economic importance.
Maritime tracking data indicates just 10 vessels have traversed the Strait of Hormuz since the Middle East war ceasefire, with only one non-Iranian tanker among them, highlighting ongoing disruptions to global oil shipping.
Motorists in Barrie, Ontario, can expect significant relief at the pumps as gas prices are set to decrease by 13 cents overnight, offering a welcome break amid fluctuating fuel costs.
Gas analysts predict a significant price drop of more than 15 cents per litre in Ottawa by the weekend, attributed to the temporary ceasefire in Iran. Diesel prices are also expected to fall substantially.
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The Middle East conflict has triggered a profound energy crisis affecting Canada from coast to coast, impacting everything from oil production to consumer budgets and creating lasting economic consequences.
