Residents in Ottawa can anticipate lower gas prices soon, driven by a significant 15% drop in global oil prices and regional economic factors. This development offers relief amid ongoing cost-of-living concerns.
Chinese refiners are paying premium prices for Canadian crude oil as the Iran War disrupts Middle Eastern supplies, giving Canadian barrels a $2-$3 advantage in Asian markets.
RBC CEO Dave McKay states Canada can leverage its natural resources as global energy disruptions boost demand, with oil prices surging over 50% this year due to Middle East supply fears.
Prince Edward Island residents will see changes at the pumps as fuel prices are scheduled for an overnight adjustment, impacting transportation costs across the province.
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President Trump calls for oil tankers to navigate the Strait of Hormuz despite Iranian threats, as volatile oil prices surge and then plunge following his statements.
Energy expert Dan McTeague predicts gas prices in the Greater Toronto Area will fall by up to eight cents per litre on Thursday after U.S. President Donald Trump guaranteed oil shipments through the Strait of Hormuz.
Even if the Iran conflict concludes swiftly, governments must prioritize supply security as the Strait of Hormuz disruption creates unprecedented energy market volatility with lasting implications.
Energy ministers from the G7 nations have opted against an immediate coordinated release of strategic petroleum reserves. Instead, they have formally requested the International Energy Agency to conduct a comprehensive study on potential market stabilizat
President Trump's escalating war in Iran has triggered wild fluctuations in oil prices, driving up fuel costs and threatening broader economic instability as political tensions mount.
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Gas prices in Toronto are poised for another significant increase on Wednesday, with experts warning that the upward trend shows no signs of abating, adding to the financial strain on drivers.
Analysts express skepticism that releasing strategic oil reserves will effectively stabilize volatile crude prices if the Gulf conflict persists, despite G7 discussions.
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 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 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 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.
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.
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 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.
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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The Pembina Institute calls for removing barriers to renewable energy projects as a key topic in Alberta's upcoming energy memorandum of understanding negotiations.
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'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.
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.
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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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.
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'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.
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 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 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.
