Ottawa drivers can expect significant relief at the pumps as gas prices are forecast to drop by 12 cents per litre this Friday, though experts warn ongoing global tensions could push costs above $2 per litre in the future.
A new report from Deloitte indicates Canada's oil and gas sector is poised for a wave of mergers and acquisitions once current economic and geopolitical instability stabilizes, highlighting strategic opportunities.
Global oil prices have fallen sharply below the $100 per barrel threshold after a ceasefire deal involving the U.S., Israel, and Iran. Concurrently, futures market indicators are pointing toward a potential stock market rally as geopolitical tensions ease
Global oil and gas prices plummeted dramatically following a two-week ceasefire agreement between the United States and Iran. The deal aims to reopen the critical Strait of Hormuz, but market recovery depends on swift transit resumption.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Shipowners are cautiously optimistic as a U.S.-Iran ceasefire temporarily reopens the Strait of Hormuz, potentially allowing over 800 trapped vessels to exit the Persian Gulf amid a global energy crunch.
Prime Minister Mark Carney faces pressure to reduce federal gasoline taxes as prices approach $2 per liter, with critics proposing tax suspensions to save families over $1,200 annually.
The federal and Saskatchewan governments are investing over $900,000 to help businesses adapt to the province's transition to nuclear energy, announced in Estevan.
Eldorado Gold Corp. has secured shareholder approval for its $3.8 billion acquisition of Foran Mining Corp., overcoming activist opposition and mixed investor signals to advance plans for a larger Canadian gold-and-copper mining entity.
The International Energy Agency reports the Iran war has created the worst fuel crisis in decades, surpassing combined impacts of 1973, 1979 and 2022 energy disruptions, with developing nations facing severe inflation.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
A key oil-pricing window saw 12 unanswered bids for cargoes and surging values, highlighting global crude tightness as the Iran conflict curbs output and disrupts Hormuz flows.
The head of the International Energy Agency declares the ongoing oil and gas supply crisis more severe than the historic shocks of 1973, 1979, and 2022 combined, signaling prolonged global economic strain.
The U.S. Energy Information Administration forecasts sustained fuel price increases for months even after the Strait of Hormuz reopens, highlighting ongoing market volatility and supply chain pressures.
LG Energy Solution, parent of Windsor's NextStar battery plant, reports preliminary Q1 operating loss of $138M as electric vehicle demand wanes in key markets, prompting strategic shift to energy storage systems.
DP World's specialized rotainer technology at Fraser Surrey terminal enables efficient, clean copper concentrate exports from British Columbia, supporting global electrification demand and Canada's trade goals.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
U.S. shale drillers are expected to ramp up crude output following a 68% price surge triggered by Middle East tensions, with analysts citing profitability thresholds and market incentives.
Pembina Pipeline Corporation has announced a strategic goal to achieve 5% to 7% annual growth in fee-based core profits through the year 2030, focusing on stable revenue streams.
Ottawa drivers face a potential spike in fuel costs, with gas prices predicted to reach $2 per litre next week. This increase follows recent prices of 184.9 cents per litre and could impact household budgets.
Russian officials assert that international interest in the country's energy exports continues unabated, citing ongoing deals and market resilience despite geopolitical tensions and economic pressures.
Bakken oil premiums spike to $18 as refiners compete for shrinking crude supplies, with Canadian synthetic crude and U.S. Gulf grades also seeing significant increases due to export demands.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Eric Nuttall, a senior portfolio manager, discusses the critical outlook for oil and energy markets, highlighting potential shortages that could impact parts of the world imminently.
Bridger Pipeline emerges as a potential U.S. partner for South Bow's effort to revive sections of the cancelled Keystone XL pipeline, with a new crude line projected to cost US$2 billion and exceed 1 million barrels per day in capacity.
Oil prices fluctuated as Iran rejected a ceasefire proposal and former President Trump threatened military action if demands aren't met, with WTI trading near $112 after earlier reaching $115.
Diesel-rich synthetic crude from Alberta's oilsands has tripled in price over four days as global supply disruptions create a scramble for fuel. Refiners in Asia and the Middle East face crippled output due to shipping interruptions.
Wells Fargo Investment Institute has downgraded the energy sector to 'unfavorable' due to a limited war premium, citing reduced geopolitical risk impact on oil prices.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Global oil prices experienced a slight increase in volatile trading as the United States and Iran examine a new ceasefire framework. The ongoing Middle East conflict continues to impact energy markets and airline operations.
Two Qatar LNG tankers abandoned an attempt to exit the Persian Gulf via the Strait of Hormuz, postponing the first exports outside the region since the war began, disrupting global energy flows.
Deborah Yedlin argues Canada's oil and gas production is essential for global energy security amid Middle East conflicts and market disruptions, highlighting recent CERAWeek conference discussions.
Global oil prices declined following reports of a ceasefire framework proposal between the U.S. and Iran, easing supply concerns. OPEC+ plans to increase output once the Strait of Hormuz reopens.
Iranian media reports that facilities at the massive South Pars natural gas field have been attacked. The field is a critical energy asset for Iran, located on the Persian Gulf coast.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
The OPEC+ alliance has decided to raise oil production levels as soon as the critical Strait of Hormuz shipping lane reopens, aiming to stabilize global energy markets amid ongoing geopolitical tensions.
