Middle East Conflict Fuels Canadian Gas Price Surge
Gasoline prices have surged dramatically across multiple Canadian regions following escalating military actions in the Middle East, with experts warning of prolonged economic impacts.
Category : Energy Sector
Cuba Blackout: Millions Without Power in Havana and West
A widespread blackout has left millions without electricity in Havana and western Cuba, with officials warning repairs could take days due to a failing power plant and dwindling oil reserves.
Oil Prices Surge as Iran Conflict Disrupts Energy Supply
Crude oil prices climbed sharply as escalating Middle East hostilities disrupted critical shipping routes, with Brent nearing $83 per barrel and major importers like China conserving fuel.
MAX Power and CEO Finalists for Three National Hydrogen Awards
MAX Power Mining Corp. and CEO Ran Narayanasamy have been selected as finalists for three prestigious awards at the 2026 Canadian Hydrogen Convention in Edmonton, coinciding with the company's advancement of Canada's first confirmed subsurface natural hyd
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Alberta's Lost Decade Haunts Canada's Economic Future
Canada's overreliance on U.S. energy markets and policy decisions under Justin Trudeau's government have left Alberta and the nation facing economic challenges, as global LNG dynamics shift.
Montreal Gas Prices Soar as Conflict Escalates
Gas prices in Montreal have surged by nine cents per litre due to Middle East tensions, with further increases predicted. Meanwhile, cold weather persists with wind chills near minus-10°C.
Iran War Fuels Canadian Gas Price Surge and Inflation Fears
Gas prices across Canada have surged up to 16 cents per liter following the Iran conflict, with Calgary seeing the largest increase. Analysts warn this could trigger inflation reminiscent of the Ukraine war impact.
AI Analysis Uncovers Large Conductive Target at Kitimat
Copper Quest Exploration Inc. has completed an AI-driven geological analysis at its Kitimat Copper-Gold Project, identifying a substantial conductive anomaly consistent with a buried porphyry center.
Middle East Conflict Impacts Canadian Gas Prices, Military Role Considered
Escalating tensions in the Middle East are causing a spike in Canadian gas prices, while Prime Minister Carney refuses to rule out military involvement, highlighting economic and geopolitical risks.
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Canadian Natural Resources Beats Profit Estimates on Higher Output
Canadian Natural Resources Ltd. reported stronger-than-expected quarterly profits, driven by elevated production levels and robust operational performance in the energy sector.
Tourmaline Sells Alberta Gas Assets for $765M
Calgary-based Tourmaline Oil Corp. has completed a significant $765 million sale of its Alberta natural gas assets, marking a strategic shift in its portfolio.
U.S. Energy Chief: Iran Conflict's Market Impact Temporary
U.S. Energy Secretary Chris Wright stated that the disruption to energy markets from the Iran conflict will be temporary, calling it a small price for U.S. military goals, amid rising oil prices and shipping paralysis in the Strait of Hormuz.
Middle East Conflict Drives Up Canadian Gas Prices
Escalating tensions in the Middle East are causing a sharp rise in gas prices across Canada, impacting consumers and raising economic concerns as global oil markets react.
Canada, Australia Sign Critical Minerals Deals, PM Says
Prime Minister Carney announces new agreements between Canada and Australia on critical minerals, enhancing supply chain security and economic cooperation amid global demand.
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Saskatchewan Joins National Energy Corridor with Nine Partners
Saskatchewan has united with nine provinces and territories to establish a national energy corridor, aiming to enhance power transmission and support renewable energy integration across Canada.
Poilievre Promises LNG Deals, Override Powers for Energy Projects
Conservative Leader Pierre Poilievre pledges binding LNG supply agreements with European allies like Germany and vows to override governments blocking energy projects during his first international mission as leader.
Venezuela Oil Exports Hit 7-Year High Under U.S. Watch
Venezuela's main oil terminal is set to reach its highest export volume since 2019, with March shipments projected at 848,000 barrels daily. This surge comes as U.S. forces capture Nicolas Maduro and the Trump administration eases port congestion.
Canadian Oil Workers Stranded in Middle East Amid Tensions
Alberta-based Petro Staff International reports hundreds of Canadian oil and gas workers are trapped in Gulf states, unable to return home due to escalating military conflicts between Israel, the U.S., and Iran.
Saskatchewan Leads Cross-Canada Electricity Grid Agreement
Saskatchewan and nine other provinces and territories have signed a historic memorandum of understanding to build a national electricity transmission network, aiming to enhance energy security and grid reliability across Canada.
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Londoners Face Rising Gas Prices Amid Middle East Conflict
Residents in London, Ontario, are feeling the immediate impact of escalating gas prices, driven by the ongoing conflict in the Middle East, with local signs showing sharp increases.
Iran Conflict's Impact on Global Oil Markets and Canada
As military tensions escalate in the Middle East, oil market analysts examine how disruptions in the Strait of Hormuz could spike global oil prices, affecting Canadian energy sectors and economic stability worldwide.
Poilievre Pitches Canadian LNG to Germany in Berlin Speech
Conservative Leader Pierre Poilievre promotes Canada's liquefied natural gas as a stable alternative for Germany during a Berlin address, emphasizing energy security and economic partnership.
Western Cuba Blackout Leaves Millions Without Power
A widespread power outage hit western Cuba on Wednesday, impacting millions from Havana to Camaguey. This is the second major blackout in three months, exacerbating the island's severe energy crisis linked to dwindling oil reserves and infrastructure issu
Major Blackout Leaves Millions Without Power in Western Cuba
A widespread power outage has struck Cuba's western region, leaving millions of residents without electricity. The blackout highlights ongoing infrastructure challenges facing the island nation.
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Ottawa to Cover Bay du Nord's UN Fees, Up to $1 Billion
The federal government has agreed to cover the United Nations fees for the Bay du Nord offshore oil project, with costs potentially reaching $1 billion. Fisheries Minister Joanne Thompson announced the decision in St. John's.
Provinces Sign MOU for National Electricity Grid Connection
A landmark agreement between eight provinces and two territories aims to connect Canada's fragmented electricity grids, enhancing energy security and reducing reliance on U.S. exports.
Maritime Provinces Join Landmark Energy Grid Agreement
New Brunswick and other Maritime provinces have signed onto a nearly nationwide energy grid agreement, aiming to enhance connectivity and reliability across Canada's energy infrastructure.
Gas Prices Rise in Canada as Iran War Continues, Expert Warns
Gas prices in Canada have increased nine cents per litre since Saturday as the Iran conflict enters its fifth day. Energy expert Dan McTeague predicts further hikes and warns of inflationary pressure on goods across the economy.
Iran War Energy Prices Could Finance Russia's Ukraine Fighting
Rising global energy prices triggered by the Iran conflict could provide Russia with additional revenue to sustain its military operations in Ukraine, analysts warn.
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Jet Fuel Prices Hit Highs as Iran War Disrupts Middle East Exports
Jet fuel prices have surged globally, reaching over two-year highs in the U.S. and Asia, due to Middle East export disruptions from the Iran war, fueling inflation concerns.
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