Cuba's Power Grid Collapses Again, Third Blackout in March
Cuba experienced a total nationwide blackout Saturday, the third in March, as aging infrastructure and a U.S. oil blockade cripple the power grid, disrupting daily life.
Category : Energy Sector
Cuba's Power Grid Fails Again: Second Blackout in a Week
Cuba has experienced its second major nationwide power outage in just seven days, causing widespread disruption and raising concerns about the island's aging electrical infrastructure.
Alberta Premier: No Gas Tax Relief Coming Soon
Premier Danielle Smith states Alberta drivers should not expect tax relief at the pumps despite high fuel prices, with Calgary stations charging up to $1.69 per litre.
Oil Prices and National Security in Focus
As oil prices surge, historical parallels to the 1970s energy crisis emerge, highlighting the interplay between market freedom, government policy, and global threats from regimes like Iran.
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Trump's Iran Attack Could Spike Oil and Gas Prices: Expert
A former White House energy advisor claims President Trump's actions against Iran were calculated to drive up global oil and gas prices, amid concerns over limited U.S. options.
Oil Prices Soar Amid Strait of Hormuz Closure, Expert Warns
Former White House energy advisor Bob McNally warns that global oil and gas prices are unlikely to decline soon due to Iran's closure of the Strait of Hormuz, creating a critical energy crisis with limited U.S. options.
Nova Scotia Diesel Prices Spike Overnight
Diesel fuel prices in Nova Scotia surged overnight, impacting consumers and businesses. This increase occurs alongside national economic developments, including federal job cuts and provincial budget controversies.
Global Oil Shock Ripples Through Canada's Economy
The war in Iran is causing oil price spikes, impacting Canada's economy through rising mortgage rates, airfares, housing market shifts, and gas prices, with expert insights from McGill University and CIBC.
Massive Transformer Powers Up Orillia After Long Journey
A 254,000-pound transformer traveled 2,000 kilometers by truck to reach Orillia, Ontario, enhancing electricity infrastructure for the area. The delivery marks a significant upgrade in local power reliability and capacity.
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MAX Power Closes $20.5M Offering Led by Eric Sprott
MAX Power Mining Corp. has successfully closed a $20.5 million private placement, with Eric Sprott as the lead investor. The funds will support natural hydrogen exploration in Saskatchewan.
Qatar Energy Chief Warned of Dangers in Provoking Iran
Qatar's energy minister revealed he had cautioned against actions that could provoke Iran, highlighting escalating tensions in the Middle East and their impact on global energy markets.
Iran Strait of Hormuz Conflict Spurs Renewable Energy Shift
Geopolitical tensions in the Strait of Hormuz highlight oil supply vulnerabilities, accelerating global investment in wind, nuclear, and other renewable energy sources for energy security.
Manitoba Hydro Rate Increases Approved for Next Three Years
Manitoba Hydro's proposed electricity rate increases for 2026-2029 have been officially sanctioned, impacting residential and commercial customers across the province.
Canada, Japan Top IEA Emergency Oil Release Contributors
Canada and Japan are key contributors to the IEA's coordinated emergency oil release, aimed at mitigating supply disruptions from the Iran war, with increased production from the Americas complementing the effort.
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Innergex Names Jean Trudel CEO, Michel Letellier Retires
Innergex has appointed Jean Trudel as President and CEO effective March 2026, succeeding Michel Letellier who retires after nearly 30 years. Trudel, with the company since 2002, will ensure strategic continuity.
Tesla Negotiates $2.9B Solar Equipment Purchase from China
Tesla is reportedly in advanced discussions with Chinese manufacturers to acquire $2.9 billion worth of solar equipment, according to Reuters sources. This move could significantly boost Tesla's solar energy capabilities.
Iran War Energy Fallout: A Renewable Energy Wake-Up Call
The Iran war's disruption to global energy supplies, including Qatar's LNG, is forcing nations to urgently shift toward renewables like wind and solar to ensure security.
TC Energy Could Return to B.C. LNG Pipeline Project
TC Energy Corp. CEO François Poirier indicates the company might reconsider involvement in the Ksi Lisims LNG pipeline project in British Columbia, citing improved prospects due to geopolitical tensions and global gas market shifts.
Oil Steadies, Stocks Mixed as Iran War Fuels Supply Concerns
Global oil prices hold steady while stock markets show mixed results, driven by heightened concerns over energy supply disruptions due to the Iran conflict. Investors remain cautious amid inflationary pressures and geopolitical tensions.
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Maritime Gas Prices Surge Overnight, Adding to Consumer Burden
Motorists across the Maritimes face higher fuel costs as overnight price adjustments push pump prices upward, compounding financial pressures on households and businesses.
Geopolitical Tensions Boost Calls for B.C. LNG Production
As Qatar's LNG exports face disruptions due to Iran, industry experts urge British Columbia to increase natural gas production to meet global demand and stabilize energy markets.
Alberta Drivers Keep Old Habits as Gas Prices Rise: Economist
An economist notes that Albertans are likely to maintain their vehicle usage patterns even as gas prices climb above $1.60 per litre, driven by economic and cultural factors.
Gas Prices Hit $1.70/L in London, Ontario
London, Ontario sees gas prices spike to $1.70 per litre, with analysts warning of potential impacts on food costs and broader economic pressures.
Qatar LNG Exports Hit by Iranian Strikes, $20B Loss
Iranian attacks have damaged Qatar's LNG infrastructure, cutting 17% of export capacity and causing $20 billion in annual revenue losses, with long-term supply disruptions to Europe and Asia.
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Saskatchewan Approves Power Line Linking Northern and Southern Grids
SaskPower has received approval to construct a new power line connecting Saskatchewan's northern and southern electrical grids, enhancing reliability and supporting future energy projects.
Graphite CEO: Competitive vs China After $459M Government Boost
Nouveau Monde Graphite's CEO Eric Desaulniers discusses the company's strategic advantage following a $459 million investment from the Canadian government, aimed at strengthening North American supply chains against Chinese dominance.
Oil Prices Soar After Qatar LNG Damage and Iran Threats
Oil prices surged 10% and European gas jumped 35% after Qatar reported extensive damage to the world's largest LNG facility from Iranian strikes. Iran threatened regional energy infrastructure destruction and proposed Hormuz tolls.
Iran Attack Wipes Out 17% of Qatar's LNG Capacity
QatarEnergy CEO reveals a recent Iranian attack has severely damaged LNG infrastructure, reducing Qatar's export capacity by 17% for up to five years, impacting global energy markets.
Iran War Highlights Risks of Trump's Oil-Focused Strategy
The escalating Iran conflict underscores the vulnerabilities in President Trump's oil-centric foreign policy, raising concerns about economic stability and national security as global markets react.
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Iran War Reshapes Global Gas Market for Years Ahead
The war in Iran has caused severe disruptions to LNG supplies from the Persian Gulf, impacting emerging economies and threatening a prolonged global energy crisis.
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