Europe Calls for Energy Profit Caps as Iran War Drives Prices
European ministers are pushing for profit caps on energy companies as the conflict in Iran causes a sharp surge in prices, raising concerns over market stability and consumer impact.
Category : Energy Sector
Saskatchewan's Mineral Revenue Gap: Budget Deficits Persist
Despite abundant oil and potash resources, Saskatchewan collects minimal revenue, with incentives becoming permanent loopholes that drain provincial finances amid high commodity prices.
Gas Prices Jump Overnight in New Brunswick
New Brunswick drivers face a sudden increase in gas prices overnight, adding to financial pressures amid broader economic trends and policy debates.
Alberta Data Centre Boom Risks Economic Mistakes, Strains Grid
Alberta's push to attract $100 billion in data centre projects is straining Calgary's power grid, leading to capped connections and higher electricity bills for households and businesses, echoing past economic missteps.
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Fuel Prices to Worsen, Cottage Demand Rises Amid Iran War
The war in Iran continues to roil global energy markets, with experts predicting further fuel price increases and shortages. Meanwhile, returning snowbirds are boosting demand for cottage properties while the broader Canadian real estate market remains sl
Qatar LNG Crisis Highlights Canada's Energy Opportunity
The suspension of Qatar's LNG production due to Middle East conflict reveals global supply vulnerabilities. Canada's stable jurisdiction and existing infrastructure position it to fill the gap and strengthen energy security for allies.
Trump Administration to Rejoin Offshore Drilling Agencies
The Trump administration announces plans to rejoin offshore drilling agencies that were separated following the 2010 Gulf oil spill, signaling a shift in energy policy.
Canada's Energy Exports Could Restore Global Relevance
Canada's decades-long search for global relevance collides with energy realities as geopolitical instability reveals strategic opportunities in supplying allies with reliable energy resources.
Trump Remarks Drive Oil Prices Above $111, Consumers Face Higher Costs
Oil prices surged over 11% to $111 per barrel following President Trump's comments on the Middle East conflict. Experts warn consumers to brace for prolonged high energy costs as disruptions continue in the Strait of Hormuz.
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Irving Oil Turns to Newfoundland Crude on Iran Disruption
Canada's largest refinery, Irving Oil, is sourcing crude from Newfoundland for the first time since 2020 due to Middle Eastern supply cuts from the Iran conflict, securing a waiver for foreign tankers.
Ottawa-Alberta Energy MOU Deadline Passes: Key Analysis
The April 1 deadline for the Ottawa-Alberta energy memorandum of understanding has passed. This report examines progress on impact assessments, methane regulations, carbon pricing, and the Pathways carbon capture project, and their implications for future
Russia Sending Second Oil Tanker to Cuba
Russia's energy minister announces plans to send a second oil tanker to Cuba, following the recent arrival of the Anatoly Kolodkin in Matanzas. This move underscores ongoing energy cooperation between the two nations amid global geopolitical tensions.
Diesel Price Surge: Greater Economic Threat Than Gas Pain
While consumers feel pain at gasoline pumps, surging diesel prices threaten broader economic damage across freight, agriculture and construction sectors, with prices up 45% since Middle East conflict began.
Diesel Prices Set to Break Record in Canada This Weekend
Canadian drivers are bracing for a new all-time high in diesel fuel prices this weekend, driven by global market pressures and domestic factors, with significant implications for transportation and the economy.
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Iraq Oil Exports Halted by Strait of Hormuz Shutdown
Iraq's vital oil exports have slowed dramatically due to the shutdown of the Strait of Hormuz, triggered by U.S. and Israeli attacks on Iran, severely impacting global energy markets.
Canada Touts Energy Reliability as Oil Prices Soar
Canadian trade minister Maninder Sidhu positions Canada as a stable energy supplier during Seoul visit, as geopolitical tensions threaten Middle Eastern oil flows and drive price increases.
OPEC+ to Weigh Further Oil Output Hike on Sunday
Sources indicate the OPEC+ alliance is likely to discuss raising oil production levels during their upcoming meeting, as global energy markets face ongoing volatility and shifting demand dynamics.
MAX Power Advances Natural Hydrogen Discovery at Bracken
MAX Power Mining Corp. reports significant milestones in Saskatchewan, including successful drilling at Bracken Well with multi-zone natural hydrogen and helium intervals, a new Lawson analog target, and a completed 3D seismic survey, boosting commercial
Amherstburg Gets $838K Grant to Prepare Industrial Park for Jobs
Amherstburg secures $838,000 in provincial funding through Ontario's Trade-Impacted Communities Program to prepare over 700 acres of industrial land for development, aiming to attract businesses and create new employment opportunities.
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Oil Prices Jump 7% on Trump's Iran Attack Vow, Supply Disruption Fears
Oil prices soared nearly 7% after President Donald Trump announced continued U.S. attacks on Iran, raising concerns about prolonged supply disruptions and maritime risks in the Strait of Hormuz.
Alberta's $1 Trillion Lithium Resource Awakens
Alberta sits on a potential US$1 trillion lithium resource in the Leduc Formation, sparking questions about extraction, economic impact, and environmental considerations for the province's future.
Calgary Gas Price Drop Sparks Long Station Lines
Calgary drivers flocked to select gas stations Wednesday as prices unexpectedly dropped to as low as $1.43 per litre, creating significant lineups that extended onto city streets.
NB Power Rate Hike Approved by New Brunswick Regulators
The New Brunswick Energy and Utilities Board has officially approved a rate increase for NB Power, impacting electricity costs for consumers across the province.
Alberta Deficit Persists Despite Oil Price Surge, Says Minister
Alberta Finance Minister Nate Horner states that while recent oil price increases have improved the fiscal outlook, it remains 'highly unlikely' to erase the province's projected $4.1 billion deficit for 2025/26.
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Sask. Coal Plant Refurbishment Costs Hit $2.6 Billion
New estimates reveal refurbishing Saskatchewan's coal-fired power plants could cost $2.6 billion, raising questions about energy transition and provincial spending.
Alberta-Ottawa Pipeline Talks Miss First Deadline
Negotiations between Alberta and Ottawa have missed the initial April 1 deadline for key agreements on carbon pricing and oilsands emissions reduction, though progress has been made on methane emissions and project reviews.
BMO: Mideast Oil Shock Manageable, Prices Expect Quick End
Bank of Montreal analysis suggests the oil price shock from the Mideast conflict is manageable, with current prices reflecting market assumptions of a near-term resolution, though risks persist.
Gas Prices Top $1.80 in Ottawa, More Increases Expected
Gas prices in Ottawa have exceeded $1.80 per litre, with tensions in the Middle East driving costs up. Experts forecast additional rises, impacting consumers nationwide.
GTA Gas Prices to Hit Four-Year High Before Weekend Drop
Gas analyst Dan McTeague predicts GTA gas prices will reach a four-year high of $1.84 per litre on Thursday before dropping to $1.80 on Friday, with diesel also expected to decline.
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Helium Company Wants Ottawa Help for First Canadian Liquefaction Facility
North American Helium seeks federal financial support to build Canada's inaugural helium liquefaction plant in Saskatchewan, aiming to reduce U.S. dependence amid global supply chain vulnerabilities exposed by Middle East conflicts.
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