Japan Releases Oil Stocks as U.S. Urges Domestic Purchases
Japan announces the release of strategic petroleum reserves in response to global supply disruptions, coinciding with a U.S. initiative promoting domestic energy procurement.
Category : Energy Sector
Maritime Gas Prices Spike Over Weekend, Fueling Economic Worries
Gas prices in the Maritimes experienced a significant increase over the weekend, adding financial strain to residents and businesses amid broader economic challenges.
Middle East War Triggers Global Energy Crisis, Oil Prices Spike
The ongoing Middle East conflict has escalated into a global energy crisis, with Iranian attacks disrupting Dubai's airport and oil shipments through the Strait of Hormuz, causing oil prices to surge over 45%.
Oil Above $100 as Iran Attacks Gulf, Markets Mixed
Oil prices exceed US$100 per barrel following Iran's escalated attacks on Gulf targets, causing volatility in global stock markets and economic uncertainty.
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Iran's Actions Fuel Global Energy Crisis Concerns
Iran's disruption of shipping routes and a drone strike on Dubai airport heighten fears of a worldwide energy crisis, impacting markets and security.
Oil Surges Past $105 as Iran War Enters Third Week
Global oil prices have climbed above US$105 per barrel amid the ongoing conflict in Iran, now in its third week, causing significant disruptions to energy markets and economic uncertainty worldwide.
Federal Funding for Bruce Mines Conveyor to Replace Trucks
The Canadian federal government has allocated millions in funding for a $6.4 million conveyor project in Bruce Mines, aimed at moving trap rock under Highway 17 to reduce truck traffic and enhance environmental sustainability.
Gas Price Relief Tied to Iran Conflict, Says Energy Secretary
Energy Secretary Chris Wright states rising fuel costs from U.S.-Iran tensions are a short-term disruption, with prices expected to drop after conflict ends, though no guarantees on timing.
Gas Price Surge During Iran War Fuels Public Suspicion
As gas prices soar past $1.76 per litre in Quebec during the Iran conflict, citizens question whether oil companies are exploiting the war and if governments are complicit in unjustified price hikes.
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Iran War's Impact on Global Energy Market and Prices
The escalating war in Iran is injecting severe uncertainty into global energy markets, with potential disruptions to oil flows through the Strait of Hormuz threatening supply chains and driving price volatility worldwide.
U.S. Eases Russian Oil Sanctions, Crude Prices Stay High (14.03.2026)
The United States has relaxed certain sanctions on Russian oil, but global crude prices continue to hold at high levels, reflecting ongoing market volatility and geopolitical tensions.
Canada to Supply 24M Barrels in IEA Oil Market Stabilization
Canada will release 23.6 million barrels of oil and increase natural gas exports as part of an international effort to stabilize energy markets disrupted by the Iran war, with Brent crude prices soaring above $100 per barrel.
Gas Prices Increase in Nova Scotia This Saturday
Gas prices in Nova Scotia are scheduled to increase on Saturday, March 14, 2026, as confirmed by reports. This rise adds to ongoing economic pressures for residents, with broader implications for spending habits and local budgets.
Carney: Canada a Reliable Oil Exporter Boosting Production
Prime Minister Mark Carney emphasizes Canada's role as a dependable global oil supplier while visiting Norway, highlighting efforts to increase production and strengthen Arctic defense alliances.
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Middle East Conflict's Impact on Canada's Oil and Gas Industry
The closure of the Strait of Hormuz due to U.S.-Israel military action has driven oil prices above $90 a barrel, creating a double-edged sword for Canada's energy sector. While consumers face higher fuel costs, Alberta benefits from increased royalties, a
Oil Markets Disrupted by War, Gold Gains as Safe Haven
The ongoing Middle East conflict is driving oil prices to multi-year highs, impacting Canadian energy markets and inflation. Gold continues to attract investors as a safe haven during geopolitical instability.
Canada's Oil Reserves Can't Quickly Aid Global Markets
Despite vast petroleum reserves, Canada lacks immediate capacity to supply more oil to strained global markets due to infrastructure constraints and no strategic reserve, while still importing foreign crude.
Montreal Gas Prices to Spike This Weekend Due to Iran Conflict
Montrealers face a sharp increase in gas prices this weekend as global tensions from the Iran conflict disrupt oil markets, impacting local fuel costs and consumer budgets.
Canada Supplies 23.6M Oil Barrels Under IEA Plan
Canada is contributing 23.6 million barrels of oil as part of an International Energy Agency release to stabilize markets during the Mideast conflict, announced by Energy Minister Tim Hodgson.
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SaskPower Rates May Double by 2050, NDP Modelling Claims
New modelling from the NDP suggests SaskPower rates could surge by up to 100% by 2050 if current provincial policies remain unchanged, raising concerns over affordability and energy planning.
U.S. Eases Russian Oil Sanctions, Crude Prices Stay High
The United States has implemented a 30-day pause on certain Russian oil sanctions, but global crude prices continue to hold at high levels due to ongoing supply disruptions.
Venture Global Moves Forward with CP2 LNG Project Phase Two
Venture Global is proceeding with the second phase of its CP2 LNG export project in Louisiana, marking a significant expansion in the liquefied natural gas sector as global demand rises.
G7 Leaders Oppose U.S. Pause on Russian Oil Sanctions
Prime Minister Mark Carney and other G7 leaders express disagreement with the U.S. decision to temporarily lift sanctions on Russian oil, citing concerns over energy security and the ongoing conflict in Iran.
Iran War Sparks Heating Oil Price Surge, Experts Warn
American households relying on heating oil face rising bills due to Middle East conflict disrupting global oil markets. Experts predict prices could exceed $5 per gallon as strategic reserves are tapped.
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Oil Prices May Force COVID-Level Lockdowns: Expert
Rory Johnston warns that IEA oil reserve releases are insufficient to offset a Strait of Hormuz shutdown, potentially driving prices high enough to necessitate lockdowns.
Oil Prices Dip as Indian Tanker Leaves Strait of Hormuz
Global oil prices experienced a notable dip following the safe passage of an Indian tanker through the critical Strait of Hormuz, easing supply concerns in the volatile region.
Iran War Ends Canadian Carbon Tax Relief, Gas Prices Jump
The U.S.-Israel war with Iran disrupts 20% of global oil supply, causing gasoline prices in Canada to spike to $1.55 per litre, erasing savings from the eliminated carbon tax.
Brent Oil Tops $100 as Iran Keeps Hormuz Strait Closed
Global oil prices experience extreme volatility as Iran's closure of the Strait of Hormuz creates the largest supply disruption in decades, with Brent crude swinging wildly above $100 per barrel.
Canada's Energy Exports Crippled by Lost Liberal Decade
Federal Energy Minister Tim Hodgson's vision of Canada as a global LNG leader clashes with infrastructure deficits from the Trudeau era, highlighting missed opportunities in oil and gas exports.
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Oil Forecasts vs. Market Realities: Corcoran's Analysis
Economic journalist Terence Corcoran examines conflicting oil price forecasts, from $70 to $200 per barrel, and argues that market forces ultimately determine outcomes, not sensational predictions.
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