Winnipeg Gas Prices Rise Amid Iran War Impact
Average gas prices in Winnipeg have increased significantly due to global market disruptions from the ongoing war in Iran, affecting local consumers and economic stability.
Category : Energy Sector
Teck Raises Silver, Germanium Fees for Korea Zinc in New Deal
Canadian miner Teck Resources has negotiated higher charges for silver and germanium with Korea Zinc in their 2026 zinc concentrate agreement, reflecting surging prices for these critical metals.
Oil Hits US$90 Per Barrel as Middle East Tensions Escalate
North American oil prices have soared above US$90 per barrel for the first time in years, driven by rising Middle East tensions and warnings from Qatar's energy minister about potential Gulf production shutdowns.
South Bow Opens Season for Prairie Connector Pipeline
South Bow Corp. has initiated an open season for its Prairie Connector pipeline project, seeking commitments for 450,000 barrels per day of oil transportation from Alberta to U.S. markets using legacy Keystone XL permits.
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Keystone XL Lessons Shape New Cross-Border Pipeline Strategy
The CEO of BusinessSouth Bow is leveraging insights from the failed Keystone XL project to navigate regulatory and environmental challenges for a new cross-border pipeline, aiming to enhance economic ties and energy security.
Calgary Gas Prices Surge Past $1.50/L Amid Oil Market Volatility
Calgary drivers face escalating fuel costs as global oil prices spike due to Middle East tensions, highlighting the economic double-edged sword for Alberta's energy-dependent economy.
Japan and Canada Strengthen Energy and Defense Cooperation
Prime Ministers Mark Carney and Sanae Takaichi announced expanded energy trade and military collaboration during meetings in Tokyo, focusing on LNG exports and joint defense exercises.
Oil Surges 20% as War Paralyzes Hormuz Shipping Traffic
Oil prices are heading for their largest weekly gain since 2022, with Brent crude climbing above $87 per barrel as Middle East conflict severely disrupts shipping through the Strait of Hormuz. Qatar's energy minister warns prices could reach $150.
AltaGas Reports $205M Q4 Profit as Revenue Rises
Calgary-based AltaGas Ltd. announced a $205 million profit for the fourth quarter, with revenue showing a slight increase compared to the previous year, reflecting steady performance in the energy sector.
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Qatar: Gulf Energy Exports May Stop Within Days in War
Qatar's energy minister warns Middle East conflict could force all Gulf exporters to halt production within days, driving oil to $150/barrel and causing global economic damage.
Canadian Natural Defers Oilsands Spending Over Policy Concerns
Canadian Natural Resources delays $150M in Jackpine mine expansion work, citing regulatory uncertainty ahead of April 1 MOU deadline on carbon capture policies.
Oil Up 20% as War Halts Hormuz Traffic
Oil prices are heading for their largest weekly gain since 2022, with Brent crude exceeding $87 per barrel, as the Middle East conflict causes a near-total halt in shipping through the critical Strait of Hormuz, disrupting global energy markets.
Maritime Gas Prices Jump for Third Time This Week
Gasoline prices across the Maritime provinces have surged for the third consecutive time this week, with analysts pointing to global oil market volatility and regional supply constraints as key drivers.
UN: Mineral Demand for Tech May Triple by 2030
The United Nations political chief warns that global demand for critical minerals to power technology could triple by 2030, highlighting supply chain challenges.
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South Bow Gauges Interest in New Alberta-U.S. Pipeline
South Bow Corp. is assessing shipper interest for a proposed new pipeline from Alberta to the United States, aiming to enhance cross-border energy infrastructure and market access for Canadian oil.
CNRL Delays $8.25B Mine Expansion Over Carbon Rules
Canadian Natural Resources Ltd. postpones an $8.25-billion oilsands expansion in Alberta until governments clarify carbon pricing and methane regulations, citing economic risks.
Cameco COO: Nuclear Energy's Future 'Feels More Durable'
Grant Isaac, Cameco Corp.'s president and COO, discusses the robust outlook for nuclear power and uranium industries, highlighting the company's role in the nuclear fuel cycle.
Cameco COO: Nuclear Energy Future 'More Durable'
Grant Isaac, Cameco's COO, discusses the strengthening outlook for nuclear and uranium industries, highlighting the company's role in the nuclear fuel cycle.
Trump on Gas Prices During Iran Operation: 'If They Rise, They Rise'
Former U.S. President Donald Trump commented on potential gas price increases due to Middle East tensions, stating he accepts market fluctuations. His remarks come as attacks on tankers escalate regional conflict.
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NextStar Battery Plant Opens in Windsor, Creating Thousands of Jobs
Ontario Premier Doug Ford celebrated the grand opening of the $6-billion NextStar Energy battery plant in Windsor, calling it a milestone that will create 2,500 jobs and boost the province's automotive and manufacturing sectors.
NB Diesel Prices Jump 12 Cents, Impacting Consumers
Diesel fuel costs in New Brunswick have risen by nearly 12 cents, driven by global market shifts and regional factors, affecting transportation and local economies.
Canadian Natural Delays Oilsands Expansion Over Regulatory Issues
Canadian Natural Resources Ltd. has deferred a major oilsands mine expansion, citing regulatory uncertainty as a key factor. The decision highlights ongoing challenges in Alberta's energy sector.
Cuba's Fragile Grid Causes Major Blackout in Havana and West
A widespread blackout has left western Cuba and Havana without power, blamed on an aging electric grid and fuel shortages. Officials warn restoration could take days.
Tourmaline Oil Trims $400M from 2026 Budget Due to Volatility
Canada's largest natural gas producer reduces capital spending as warm winter and LNG Canada outages pressure prices, with production forecasts also lowered.
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Cuba Rushes Power Plant Repairs to Ease Blackout
Emergency crews in Cuba are working urgently to repair a damaged power plant, aiming to restore electricity after a major blackout hit Havana and other areas, disrupting daily life.
Argentina Copper Venture Hires RBC for $630M Project
Zonda Metals' Argentine copper venture appoints RBC Capital Markets to advise on financing options for a $630 million copper-gold project in Mendoza province, marking a potential mining breakthrough.
Fuel Price Surge Strains Airlines Amid Iran Conflict
Rising fuel costs due to Middle East tensions are impacting airline operations, with cancellations reported in Lebanon and broader sector challenges emerging.
Poilievre Pitches Canadian Natural Gas Plan to Germany
Conservative leader Pierre Poilievre meets German Foreign Minister Johann Wadephul in Berlin to advocate for expanded Canadian natural gas exports, part of his first foreign mission as party leader.
Poilievre Pitches Natural Gas Plan to Germany's Foreign Minister
Conservative Leader Pierre Poilievre meets with German Foreign Minister Johann Wadephul to advocate for increased Canadian natural gas exports, emphasizing economic benefits for both nations during his Berlin visit.
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Cuba Blackout Persists Amid Rush to Repair Thermoelectric Plant
A widespread blackout continues to affect western Cuba, including Havana, as emergency teams work urgently to restore a damaged thermoelectric power plant, disrupting daily life.
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