OPEC+ to Keep Oil Output Pause in March as Prices Jump
The OPEC+ alliance is likely to extend its voluntary oil production cuts into March 2026, according to Reuters sources, as global crude prices climb.
Category : Energy Sector
Venezuela Opens Oil Sector to Privatization
Venezuela's acting president signs a law privatizing the oil industry, reversing decades of socialist policy, as the U.S. eases sanctions to attract foreign investment.
Energy Company Eyes Northern Manitoba Port: Kinew
Manitoba Premier Wab Kinew reveals a significant energy corporation is evaluating a northern port, potentially boosting the province's economic and trade prospects.
Smith, Carney Open to Alternate Oil Pipeline Routes
Federal ministers indicate willingness to consider alternative routes for oil pipelines, moving away from a sole focus on the northwest coast option, amid ongoing energy and environmental discussions.
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Pipelines Promote National Unity, Counter Separatism
An editorial argues that building pipelines from Alberta to B.C. strengthens Canada's economy and counters separatist movements, contrasting with past federal policies.
Venezuela Eases State Control of Oil Industry
Venezuelan lawmakers have passed a bill to loosen state control over the oil sector, opening it to private and foreign investment amid economic challenges.
Ontario's Greenstone Transmission Line Named Priority Project
The Ontario government has declared the Greenstone transmission line a priority initiative, aiming to replace diesel generation and enable development in the mineral-rich Ring of Fire region.
U.S. Crude Output Recovers Post-Winter Storm
American crude oil production has resumed its upward trajectory following a significant temporary decline caused by severe winter weather and power outages across key producing regions.
Hydro-Québec Power Outage Planned for Côte-St-Luc
Hydro-Québec will cut power to approximately 1,200 customers in Côte-St-Luc for eight hours on Monday as part of network upgrades following recent outages.
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Cold Snap Halts Hydro-Québec Exports to Massachusetts
A severe cold snap in Quebec has forced Hydro-Québec to curtail electricity exports to Massachusetts, highlighting vulnerabilities in cross-border energy infrastructure during extreme weather events.
$230B Raised for Energy Transition by Private Markets
Private capital markets have raised nearly US$230 billion specifically for energy transition funds over the past decade, creating a significant new financing source for renewable projects according to BloombergNEF analysis.
Cuba's Oil Crisis: Just 15-20 Days of Supply Left
Cuba's oil reserves are critically low, with only 15 to 20 days of supply remaining as U.S. pressure disrupts imports from Mexico and Venezuela, threatening severe rationing and blackouts.
Quebec Minister: Churchill Falls Deal Must Not Fail
Quebec Energy Minister Jean Boulet emphasizes the importance of maintaining the Churchill Falls hydroelectric agreement with Newfoundland and Labrador as renewal negotiations approach.
Pathways CCUS Project: Cost Concerns for Alberta
As the Pathways Alliance Carbon Capture project advances, questions arise about additional provincial funding beyond existing tax credits, with potential costs reaching billions.
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B.C.-Alberta Premiers Discuss Pipeline in 'Friendly' Meeting
The premiers of British Columbia and Alberta held a cordial meeting focused on a contentious bitumen pipeline, setting the stage for broader discussions on trade and healthcare.
Pipeline Talks Stall After Carney Meets Premiers
A high-level meeting between Prime Minister Mark Carney and the premiers of Alberta and British Columbia concluded without progress on pipeline development, highlighting ongoing regional tensions.
SaskPower Eyes Large Nuclear Reactors for Saskatchewan
SaskPower is considering the deployment of large-scale nuclear reactors in Saskatchewan, complementing ongoing small modular reactor projects to enhance the province's energy infrastructure.
Energy Key to Canada's Economic Sovereignty: Bank CEO
National Bank CEO Laurent Ferreira emphasizes that becoming an energy superpower is crucial for protecting Canada's economic sovereignty amid geopolitical threats and trade tensions.
SaskPower Begins Large Nuclear Reactor Evaluation Alongside SMR Project
SaskPower initiates formal evaluation of large nuclear reactor technology while advancing small modular reactor project near Estevan, aiming to transform Saskatchewan into an energy export powerhouse.
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Hydro-Québec Transformer Replacement Causes Planned Outages
Hydro-Québec is replacing a broken transformer at the Hampstead substation, causing planned outages in Côte-des-Neiges and N.D.G. as crews work to upgrade distribution lines and improve network reliability.
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.
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.
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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.
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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.
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