Category : Energy Sector


B.C. Helium Users Unfazed by Iran War Supply Threats

British Columbia businesses dependent on helium for high-tech applications are not yet panicking about shortages, despite supply chain disruptions from the Iran war affecting global production and prices.

Australia Halves Fuel Tax as Middle East War Escalates

Australia announces a 50% reduction in fuel tax in response to rising tensions in the Middle East, including Iran's control of the Strait of Hormuz and U.S. troop deployments, aiming to ease economic pressures on consumers.

Brent Crude on Track for Record Monthly Surge

Brent crude oil prices are set for their largest monthly gain since 1988, soaring approximately 58% in March 2026 as Houthi attacks escalate tensions in the Gulf region, surpassing even Gulf War-era spikes.

Raccoon Causes Widespread Power Outage in Gatineau

A raccoon entering a substation led to a significant power outage in Gatineau, affecting numerous residents. Hydro-Québec is investigating the incident and working to prevent future wildlife-related disruptions.

Gas Prices Spike Overnight in New Brunswick

Motorists across New Brunswick faced a sharp increase in fuel prices overnight, with rates climbing significantly as of March 29, 2026. This sudden hike adds to broader economic concerns, including rising living costs and inflationary pressures affecting

Oil Prices Jump Amid Fears of Extended Middle East War

Global oil benchmarks climb sharply as traders anticipate a protracted Middle East conflict, with Brent crude rising 4.2% to over $112 per barrel and WTI settling above $99, amid escalating tensions and supply concerns.

Copper Hits Best Week Since War Amid Chinese Demand Recovery

Copper prices are climbing toward their strongest weekly gain since the Middle East conflict started, driven by rebounding demand from Chinese fabricators. Industrial metals investors closely monitor Asian market recovery while geopolitical tensions persi

How Oil's Molecules Power Modern Civilization

From transportation to pharmaceuticals and plastics, oil is the lifeblood of modern society. The war in Iran highlights our critical dependence on this 'black gold' and its chemical derivatives.

Macquarie Warns of $200 Oil if Iran War Lasts Until June

Analysts from Macquarie Group Ltd. predict oil could surge to a record $200 per barrel if the Iran war continues through June, with the Strait of Hormuz remaining closed. Brent crude recently traded near $110 after hitting $119.50 this month.

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