U.S. Shale Cannot Quickly Replace Middle East Oil Amid War
U.S. shale executives caution that production increases from Texas will take months, as drillers prioritize investor returns over rapid expansion despite oil price surge.
Category : Energy Sector
Drone Attack Attempt on Saudi Aramco's Ras Tanura Oil Terminal
Saudi Arabia's defence ministry reports an attempted drone attack on the Ras Tanura oil refinery and terminal, a critical global energy hub, highlighting ongoing security threats in the region.
Toronto Gas Prices Spike, More Increases Predicted
Motorists in Toronto face a sharp overnight increase in fuel costs, with industry experts warning of continued upward pressure on prices due to market volatility and supply factors.
U.S.-Israeli War on Iran Causes Major Oil, Gas Disruptions
The escalating U.S.-Israeli military engagement with Iran has led to significant disruptions in global oil and gas supplies, impacting energy markets worldwide.
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Trump Pledges Safe Oil Transit as Iran War Intensifies
U.S. President Donald Trump announces insurance and naval escort measures to ensure oil flow through the Strait of Hormuz as conflict with Iran disrupts global energy markets and regional stability.
Economists: Restart Dormant Pipeline for Canada's Energy Security
National Bank economists argue that reopening TC Energy's Line 2 pipeline would enhance national security, strengthen East-West unity, and support industrial growth amid rising electricity demands.
SHARC Energy Launches BFO System with Calgary Order
SHARC Energy announces commercial launch of its Back-Flush Only system with purchase order for Calgary wastewater treatment plant, expanding thermal energy recovery into new markets.
Investors Fear Energy Shock, Inflation from Iran Conflict
Global investors are preparing for potential energy price spikes and rising inflation as tensions in Iran escalate, with oil prices already surging to multi-year highs.
Canadian Oil Producers Hedge Prices Amid Iran Conflict
Canadian oil producers are locking in higher prices through hedging strategies as Middle East tensions push crude above $74, but capital expenditure plans remain unchanged for now.
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Maritime Gas Prices Spike Overnight, Straining Budgets
Gas prices across the Maritimes surged overnight, with Halifax seeing significant increases. The sudden jump adds financial pressure as consumers face rising fuel costs amid broader economic challenges.
Propane Terminal Legal Fight Clouds Canada's Energy Export Push
A major propane export terminal at Prince Rupert faces legal challenges over Indigenous consultations and exclusive cargo rights, potentially complicating Canada's energy export ambitions to Asia.
Manitoba Man: Lower Solar Buyback Rates Hurt Payoff
A Winnipeg resident expresses concern that Manitoba Hydro's reduced electricity buyback rates for solar power are undermining the financial return on his solar panel investment, sparking debate over renewable energy incentives.
U.S. to Insure and Escort Oil Tankers in Strait of Hormuz
President Trump announces U.S. will provide insurance guarantees and naval escorts for oil tankers through the Strait of Hormuz to maintain global energy flow during Iran conflict, though implementation challenges remain.
Gas Prices Spike in Southern Alberta Amid U.S.-Iran Conflict
Calgary and surrounding areas experience sharp increases at the pump as Middle East tensions disrupt global oil markets, with drivers bracing for further volatility.
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Chinese Investment in Canada's Energy Sector Raises Concerns
A new analysis highlights the risks of Chinese investment in Canada's energy infrastructure, urging caution amid geopolitical tensions and economic uncertainties.
Bay du Nord Oil Project Milestone: N.L. and Equinor Sign Deal
The Newfoundland and Labrador government and Equinor have signed a crucial benefits agreement for the Bay du Nord offshore oil project, marking a significant step forward in its development amid ongoing environmental debates.
Smith Seeks Foreign Investment for Alberta Oil Pipeline
Alberta Premier Danielle Smith anticipates foreign capital, including from state-owned firms, will help fund a $20-30 billion pipeline to the B.C. coast, amid debates over Ottawa's approval.
Pipeline Benefits May Outweigh Carbon Costs for Oil Sands
A new study from Clean Prosperity indicates that most oil sands producers would see greater economic benefits from a new pipeline than increased carbon expenses under current regulations.
Trump's Gas Price Claims Sour Amid Iran Strike Fallout
President Trump's State of the Union claims about low gas prices are contradicted by a sharp rise following strikes on Iran, with national averages exceeding $3 a gallon and oil prices spiking.
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Canada's $12B Critical Minerals Push for National Security
Energy Minister Tim Hodgson declares securing critical mineral supply chains a national security priority, detailing Canada's $12 billion investment to become an energy superpower.
GTA Gas Prices Jump 12 Cents, Diesel Doubles
Gas prices in the Greater Toronto Area are set to rise 12 cents over two days, with diesel soaring even higher. Experts link the spike to global conflicts and pipeline blockades in Canada.
Oil Prices Soar 6% to Highest Since 2024 on Middle East Conflict
Global oil prices have jumped 6% to their highest levels since 2024, driven by escalating tensions in the Middle East. The surge impacts markets and raises concerns over energy security and economic stability worldwide.
Mideast War Drives Up Europe Gas Prices, Highlights Canada's Role
The ongoing conflict in the Middle East is causing a sharp increase in European natural gas prices, underscoring Canada's strategic opportunity to expand its energy exports and stabilize global markets.
Saskatchewan Gas Prices Rise Amid Iran Conflict
Saskatchewan motorists are preparing for increased gasoline prices as global oil markets react to escalating tensions in Iran, impacting local fuel costs.
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Nova Scotia Adjusts Gas and Diesel Prices
Nova Scotia is implementing a price change for gasoline and diesel this Wednesday through its interrupter clause mechanism, affecting fuel costs across the province.
Strait of Hormuz Tensions Rise Amid Iran Conflict
As the Iran conflict widens, global attention turns to the Strait of Hormuz, a critical oil chokepoint. Experts analyze potential impacts on energy markets and geopolitical stability.
Gas Prices Rising, Future Unpredictable: Expert
A fuel industry expert explains that gas prices are increasing due to global conflicts and market volatility, but predicting the exact extent remains challenging.
Canada Pumps $3.5B into Critical Minerals Projects
The Canadian government is deploying $3.5 billion in funding and programs to boost critical minerals projects, including infrastructure upgrades and a sovereign fund, aiming to position Canada as a global alternative to China.
Ottawa Gas Prices to Rise 6-12 Cents per Litre
Ottawa drivers face imminent gas price hikes of 6-12 cents per litre, driven by Middle East conflicts affecting global oil markets and local supply dynamics.
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Aramco Eyes Red Sea Exports to Avoid Hormuz Strait
Saudi Aramco is considering shifting oil exports to the Red Sea port of Yanbu as Middle East conflicts disrupt Persian Gulf shipping, with Saudi production at 10 million barrels daily.
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