G7 Oil Reserve Release Unlikely to Calm Market
Analysts express skepticism that releasing strategic oil reserves will effectively stabilize volatile crude prices if the Gulf conflict persists, despite G7 discussions.
Category : Energy Sector
Oil Drops 7% as Trump Foresees Middle East Calm
Global oil markets experienced a sharp decline after former U.S. President Donald Trump predicted reduced tensions in the Middle East, impacting energy sector stability and investor confidence worldwide.
European Gas Drops Amid Trump's Efforts to Calm Energy Markets
European natural gas prices experienced a significant decline following President Trump's prediction of a swift resolution to the Iran conflict, offering temporary relief to global energy markets facing supply disruptions.
G7 Ministers Meet in Paris to Steady Oil Markets Amid Crisis
G7 energy ministers gather in Paris to discuss potential emergency oil reserve releases as prices surge due to Strait of Hormuz closure. French Finance Minister emphasizes market stabilization efforts.
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G7 Ministers Meet in Paris to Steady Oil Market After Hormuz Closure
G7 energy ministers gather in Paris to discuss potential emergency oil reserve releases as the Strait of Hormuz closure disrupts global supplies and drives price volatility.
U.S. Solar Installations Drop in 2025 After Trump Policies
A new report indicates a significant downturn in U.S. solar installations during 2025, attributed to market disruptions caused by Trump administration policies impacting the renewable energy sector.
Aramco Warns of Catastrophic Oil Crisis Amid Production Cuts
Saudi Aramco's CEO warns of catastrophic consequences for global oil markets as the company cuts output by 2.5 million barrels daily amid Middle East disruptions.
SAGA Metals Radar Project Gains Strategic Importance for Titanium Supply
SAGA Metals Corp. highlights its Radar Critical Minerals Project in Labrador as strategically relevant amid growing North American focus on securing domestic titanium and vanadium supply chains for defense and aerospace applications.
G7, EU to Hold Emergency Talks on Soaring Energy Prices
Leaders from the G7 and European Union are set to hold urgent calls to address skyrocketing energy prices, driven by geopolitical conflicts and market volatility, impacting consumers worldwide.
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Renewables Should Be Part of Alberta Energy MOU Talks: Pembina
The Pembina Institute calls for removing barriers to renewable energy projects as a key topic in Alberta's upcoming energy memorandum of understanding negotiations.
Canada's Race for Domestic Graphite in Battery Supply Chains
As global demand for electric vehicle batteries surges, Canada is accelerating efforts to establish domestic graphite production, a critical mineral essential for battery anodes, to reduce reliance on foreign supply chains.
Nova Scotia Gas Prices Rise Third Time in a Week
Nova Scotia's Energy Board has triggered the interrupter clause, leading to another overnight gasoline price hike. This marks the third increase in just seven days, compounding consumer strain as global oil prices fluctuate around $100 per barrel.
Oil Hits $100, Consumer Prices Rise Across Canada
As oil prices hover around $100 per barrel, experts warn Canadians to prepare for increased costs on groceries, travel, and more, with widespread economic impacts.
Iran War's Impact on Gas Prices and Economic Costs
The escalating conflict in Iran is causing significant spikes in global oil prices, leading to higher fuel costs at the pump and increased expenses for farming, groceries, and transportation.
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Trans Mountain Pipeline Boosts Vancouver Port Oil Exports
The Port of Vancouver achieved record cargo volumes in 2025, with oil exports nearly doubling due to the expanded Trans Mountain pipeline, significantly increasing shipments to China and other international markets.
NB Power Rate Hike Denied, Implementation Delayed
New Brunswick's utility regulator has rejected NB Power's proposed April 1 rate increase of nearly five percent, delaying new electricity tariffs amid economic considerations.
Alberta Deficit Looms Despite Oil Price Spike
Alberta's finance minister states that a recent oil price surge won't prevent a multibillion-dollar deficit this fiscal year, with prices hitting highs but falling rapidly.
Canada's Pipeline Imperative Amid Global Oil Price Surge
The recent U.S.-Israel attack on Iran and soaring oil prices underscore oil's dominance in global energy markets. Canada, as a top producer, faces economic losses due to pipeline limitations, hindering access to international buyers beyond the U.S.
Oil Prices Surge Amid Iran Conflict Supply Disruption
Oil prices soared to US$119.50 per barrel as the Iran war disrupts the Strait of Hormuz, threatening global energy supplies and pushing up fuel costs worldwide.
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G7 Ministers Discuss Oil Reserves as Prices Soar, Poilievre Calls for Action
G7 finance ministers met to discuss potential emergency oil reserve releases amid soaring prices due to Iranian conflict, while Conservative Leader Pierre Poilievre proposed policy changes to address short-term and long-term energy challenges.
B.C. Gas Prices Soar Amid Iran War Oil Disruption
British Columbia faces prolonged high gas prices as the U.S.-Israeli war in Iran disrupts oil shipments through the Strait of Hormuz, with experts warning costs could exceed $2 per litre.
Iran Leadership Shift Triggers Oil Spike and Market Slide
Global oil prices surged and financial markets tumbled following Iran's appointment of a new supreme leader, escalating fears of prolonged conflict and economic instability.
Putin: Energy Crisis Here, Russia Ready to Work with Europe
Russian President Vladimir Putin states the energy crisis has arrived, expressing readiness to collaborate with Europe as oil prices surge and global markets react with volatility.
Nova Scotia Gas Prices Change Third Time in a Week
Gasoline prices in Nova Scotia have been adjusted for the third time within just one week, reflecting ongoing volatility in the energy market. This rapid fluctuation impacts consumers and highlights broader economic trends in the region.
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Putin: Iran War Triggers Energy Crisis, Russia Ready to Supply Europe
Russian President Vladimir Putin warns the Iran war has caused a global energy crisis, threatening oil transit through the Strait of Hormuz. He signals Russia's readiness to supply oil and gas to Europe if cooperation is long-term and non-politicized.
Keystone XL Revival: Pipe Dream or Realistic Possibility?
The potential revival of the Keystone XL pipeline sparks debate as unused pipe in North Dakota and existing infrastructure could provide a head start for new projects, while Alberta seeks to offload regulatory risks to U.S. companies.
Oil Market Watchers Weigh Impacts of Prolonged Mideast War
Experts are evaluating how a sustained war in the Middle East could disrupt global oil supplies, drive price volatility, and affect economic stability worldwide.
Strait of Hormuz Closure Sparks Global Oil Crisis
The Strait of Hormuz, a critical chokepoint for nearly one-third of global marine crude traffic, is effectively closed due to conflict in Iran, causing oil prices to skyrocket above $100 per barrel and threatening worldwide inflation.
Oil Prices Soar After Iran Leadership Change and Attacks
Global oil prices have spiked to nearly $120 per barrel following Iran's appointment of a new supreme leader and increased military strikes, causing worldwide market turmoil and raising fears of a broader Middle East conflict.
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Qatar LNG Expansion Delayed to 2027 After Iran Attack
QatarEnergy postpones its North Field East LNG project to at least 2027 due to a drone attack, impacting global supply and delaying a potential market glut.
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