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.
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.
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.
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.
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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 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.
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 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 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.
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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 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.
New estimates reveal refurbishing Saskatchewan's coal-fired power plants could cost $2.6 billion, raising questions about energy transition and provincial spending.
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.
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.
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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.
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.
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.
Analysts report a significant spike in gasoline prices across the Greater Toronto Area, reaching levels not seen since mid-2022, impacting drivers and the local economy.
Eric Nuttall warns the U.S. could face severe oil shortages within weeks if the Iran conflict continues, with the Strait of Hormuz closure causing major supply disruptions and rising prices.
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A Russian diplomat has affirmed ongoing assistance to Cuba following the docking of the first oil tanker, Anatoly Kolodkin, in Matanzas. This development highlights strengthening ties amid global energy shifts.
Royal Dutch Shell is reportedly in advanced negotiations with Venezuela to secure additional natural gas exploration areas, according to Reuters sources. This move could significantly boost Shell's presence in the region.
Female energy sector leaders at Calgary summit call for accelerated infrastructure development and policy changes, including industrial carbon tax review, as April 1 MOU deadline approaches.
Brent crude oil prices recovered from a sharp decline, trading near $103 a barrel after earlier falling below $100, as markets await President Trump's address on potentially ending the Iran conflict.
Public comments on a draft impact assessment agreement reveal opposition from Indigenous groups, with the Sturgeon Lake Cree Nation demanding a rewrite, while industry supports the pact aimed at accelerating pipeline projects.
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Alberta Premier Danielle Smith and Prime Minister Mark Carney face challenges finalizing their energy agreement as oilsands companies demand taxpayers cover 75% of the $20 billion Pathways carbon capture project costs.
Temporary measures are insufficient to halt the relentless rise in fuel costs worldwide, as nations urgently seek additional oil supplies amid market volatility and geopolitical tensions.
Francois Poirier, CEO of TC Energy, advocates for Canada to reclaim its ambition by supporting the oil and gas sector to achieve faster GDP growth and global leadership.
New Brunswick's energy minister highlights the potential benefits of a second nuclear plant following an NB Power review, emphasizing its role in the province's energy future.
A new report indicates London's economy will face a downturn this year, with recovery expected by 2027 following the opening of Volkswagen's electric vehicle battery plant in St. Thomas.
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Motorists in the Maritimes are struggling with escalating daily commute expenses as gas prices reach unprecedented highs, impacting household budgets and prompting concerns over economic strain in the region.
