Natural Gas Price Surge Burns Algorithmic Traders
A historic surge in U.S. natural gas futures, driven by Arctic weather, has inflicted significant losses on money managers using algorithmic trading strategies, wiping out their yearly gains.
Category : Energy Sector
Oil Hits 4-Month High as Trump Warns Iran
Crude oil prices climbed to their highest level in four months following President Trump's aggressive warnings to Iran and unexpected U.S. inventory declines, highlighting geopolitical tensions and market volatility.
EU Eyes Canadian, Qatari Gas to Reduce US LNG Reliance
The European Union is actively pursuing liquefied natural gas from Canada and Qatar to diversify its energy sources, responding to concerns over US dependence and geopolitical risks.
EU Looks to Canada, Qatar for Gas Amid U.S. Reliance Concerns
European Union energy officials express growing concern over reliance on U.S. liquefied natural gas, exploring alternatives from Canada and Qatar to diversify supply sources.
U.S. Crude Stocks Fall, Gasoline and Distillate Inventories Rise
The U.S. Energy Information Administration reports a weekly draw in crude oil inventories alongside increases in gasoline and distillate fuel stocks, reflecting shifting energy market dynamics.
Shell, Mitsubishi LNG Canada Exit Rumors Dismissed by Analysts
Industry experts argue that reported stake-sale talks by Shell and Mitsubishi for LNG Canada likely indicate preparations for Phase 2 expansion rather than a pullback from the Kitimat project.
Stack Capital Invests $5M in X-energy Nuclear Tech
Toronto-based Stack Capital Group invests $5 million USD in X-energy, a leader in advanced small modular reactors and nuclear fuel solutions for carbon-free energy.
Nova Scotia Diesel Prices Jump 6.7 Cents
Fuel costs in Nova Scotia rise sharply as the provincial regulator invokes the interrupter clause, adjusting diesel prices upward by 6.7 cents per litre effective immediately.
Canadian Auto Industry Relies on U.S. Market: Letter
A letter to the editor argues Canada's auto manufacturing sector depends on U.S. sales for viability, citing economies of scale and calling for new leadership to navigate trade relations.
Côte-St-Luc Power Outage Impacts 15,000 Homes
A transformer malfunction at the Hampstead substation caused a multi-day blackout affecting 15,000 Côte-St-Luc households, with ongoing repairs and planned outages continuing.
Elevra Lithium Posts Record Revenue, Adjusts Production Outlook
Elevra Lithium Limited announced record quarterly revenue and gross profit at its North American Lithium operation while revising production guidance due to short-term operational challenges.
Côte-St-Luc Winter Power Outages: A Recurring Crisis
Residents of Côte-St-Luc face repeated winter power outages, with a recent transformer failure leaving thousands without electricity and sparking calls for permanent infrastructure solutions.
Third Power Outage Hits Hamilton Downtown in Over a Week
Hamilton's downtown core experiences its third significant power disruption in just over a week, raising concerns about infrastructure reliability and public safety.
Oil Hits October High on Iran Risk, U.S. Freeze
Oil prices climbed to their highest level since October as geopolitical tensions with Iran and refinery disruptions from a U.S. winter storm combined with a weaker dollar to boost commodity markets.
Oil Hits October High on Iran Risk, U.S. Freeze
Oil prices climbed to their highest level since October as geopolitical tensions with Iran and refinery disruptions from a U.S. winter storm drove market volatility, with WTI settling above US$62.
APMC $900M Borrowing Could Fund BC Pipeline: Ex-CEO
Richard Masson, former Alberta Petroleum Marketing Commission CEO, speculates that the government's authorization for APMC to borrow up to $900 million might be intended for a British Columbia pipeline project, amid broader political and economic discussi
Chevron Seeks Better Iraq Terms for Lukoil Oilfield
Chevron is negotiating with Iraq for more favorable conditions before finalizing its acquisition of a major oilfield from Lukoil, according to Reuters sources.
Hydro-Québec Power Cut Planned for Montreal Areas
Hydro-Québec will temporarily disconnect over 900 customers in Côte-St-Luc and Notre-Dame-de-Grâce for six hours on Wednesday to stabilize the network after weekend outages.
N.S. Energy Board Changes Diesel Oil Price Wednesday
The Nova Scotia Utility and Review Board announces a scheduled adjustment to diesel oil prices, effective this Wednesday, impacting consumers and industries across the province.
Canada-India Energy Trade Expansion Announced
Canada and India commit to expanding oil, gas, and petroleum trade as they reboot diplomatic relations, with new agreements on energy diversification and investment.
Propane Rates Decrease in Northern Manitoba Communities
Residents in some northern Manitoba communities will see lower propane rates, providing financial relief amid ongoing economic pressures and winter conditions.
Ottawa-Alberta Deal Insufficient for Energy Competitiveness
The federal government's memorandum of understanding with Alberta fails to address key barriers to energy investment, leaving Canada vulnerable to Venezuela's potential resurgence as an oil producer.
Alberta's $900M Bitumen Royalty Program Launches
The Alberta government introduces a new bitumen royalty-in-kind program, allowing it to borrow up to $900 million to collect oil sands royalties in bitumen rather than cash to enhance market access.
Canada-India Energy Partnership Expands Amid Diplomatic Reset
Canada and India commit to expanding oil and gas trade while exploring collaboration in hydrogen, battery storage, critical minerals and AI in energy sectors as diplomatic relations improve.
Manitoba Hydro Nearly Breaks Record in Deep Freeze
Manitoba Hydro approached a historic peak electricity demand as extreme cold gripped the province, testing the utility's infrastructure and highlighting winter energy challenges.
Maritime Power Grid Avoids Blackouts During Cold Snap
Atlantic Canada's power utilities successfully managed record-breaking cold temperatures over the weekend, preventing rolling outages despite surging electricity demand across the region.
Ford Backs Federal Auto Strategy After Meeting with Carney, Joly
Ontario Premier Doug Ford praised the federal auto strategy as 'great' and committed Ontario's participation following a meeting with Industry Minister Melanie Joly and former Bank of Canada Governor Mark Carney.
Canada's Defence: Resource Control Against U.S. Threats
Analysis suggests Canada's control over critical natural resources like oil, gas, and uranium provides significant defensive leverage against potential U.S. aggression, serving as a strategic deterrent.
Houston Oil Sector Gears Up for Venezuela Opportunity
The U.S. oil capital of Houston is experiencing heightened activity as companies position themselves for potential access to Venezuelan crude, amid shifting geopolitical and market dynamics.
OPEC+ Likely to Maintain Oil Output Pause in March
Sources indicate OPEC+ will likely keep its oil production cuts unchanged for March as global prices climb, reflecting ongoing market stabilization efforts.
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