Oil Rebounds as Hormuz Strikes Cloud Iran Deal Outlook
Oil prices rebounded after U.S. strikes near Hormuz, with Brent rising toward $100. Talks continue amid uncertainty over reopening the strait.
Category : Energy Sector
4 dead, 5 hurt in Belgium train-school bus crash
A train collided with a school bus in Buggenhout, Belgium, killing four and injuring five. Rescue operations are underway as authorities investigate the cause.
UAE Pipeline Bypasses Hormuz in Months, Canada Still Waiting
While Canada takes decades to build pipelines, the UAE fast-tracks a Strait of Hormuz bypass in months. A stark contrast in oil infrastructure efficiency.
Surrey mega factory to repurpose used EV batteries
Moment Energy is building a $10M facility in Surrey to recondition used EV batteries into 500 kWh stationary power units, supporting backup power and grid stability.
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Swiss trader Lytton profits from Iraqi oil through Hormuz
Lytton SA, a Geneva-based trading house, earned a gross profit of about US$60 million by transporting Iraqi crude through the Strait of Hormuz amid war risks.
BHP Scales Back Green Projects in Iron Ore Operations
BHP pulls back on key decarbonization projects in Western Australia, shelving solar and battery initiatives amid rising costs and technology challenges.
BHP Slows Green Push in Iron Ore Operations
BHP is scaling back key decarbonization projects in its Western Australian iron ore operations, shelving solar and battery initiatives amid rising costs and technology challenges.
S&P/TSX Rises, Oil Falls on Iran War End Hopes
The S&P/TSX composite index rose while oil prices fell on hopes that the Iran war may be nearing an end. Markets reacted positively to the news.
Canadian oil: best answer to global conflict
David Knight Legg argues that Canada's oil exports to Asia can mediate global conflict and enhance energy security, reducing dependency on the U.S. and risky maritime chokepoints.
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Pembina Pipeline Approves $570M Heartland Extraction Project
Pembina Pipeline Corp. moves forward with a $570 million Heartland extraction project, boosting NGL capacity in Alberta.
Oil Hits Two-Week Low as US-Iran Deal Nears
Oil prices fell over 5% to a two-week low amid optimism that the US and Iran are close to reaching a nuclear deal, potentially increasing global supply.
Oil Falls as U.S. Signals Progress on Iran Strait Deal
Oil prices slid after U.S. officials signaled progress toward reopening the Strait of Hormuz, easing supply concerns. Brent crude fell over 6% as diplomatic talks advanced.
Quebec to Remove Sales Tax on Healthy Convenience Foods
Quebec plans to eliminate provincial sales tax on healthier ready-to-eat and convenience foods, expecting to cost over $100 million annually. Critics say savings are minimal, but proponents argue it helps seniors and singles.
Bond Market Pressures Trump as Iran War Yields Rise
Rising Treasury yields above 4.5% challenge Trump's economic policy amid Iran war, with Fed considering rate hikes and Republicans wary of spending ahead of midterms.
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Cleanup After Fire Destroys RONA in Grand Bend
Crews are cleaning up after a massive fire ripped through a RONA store in Grand Bend, Ontario. The blaze caused extensive damage, leaving the community in shock.
Gas Prices Drop for Second Day in Maritimes
Gas prices in the Maritimes continue to fall, offering relief to drivers. The second consecutive day of decreases follows recent highs.
Keystone XL Pipeline Resurrected: Oilpatch News
This week's oilpatch news covers the possible revival of the Keystone XL pipeline, the Alberta-Ottawa energy deal, and Canada hosting the global defence bank.
Tenaris invests $306M in Ontario steel operations
Global steel manufacturer Tenaris commits $306 million to modernize its Sault Ste. Marie plant, adding 200 jobs and boosting Canadian energy exports.
Hydro One’s valuation justified by grid expansion plans
Hydro One's high P/E ratio and low dividend yield reflect investor optimism about Canada's plan to double the power grid by 2050, driving long-term growth and dividend hikes.
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Energy Leaders React to Alberta-Ottawa Deal
Industry leaders weigh in on the Alberta-Ottawa oil pipeline deal, highlighting optimism for investment and jobs, while some warn of unresolved concerns.
Alberta premier open to oilsands investment talks
Premier Danielle Smith signals willingness to discuss fiscal incentives for new oilsands projects, echoing a historic 1996 deal, as industry seeks support for carbon capture and pipeline expansion.
World Shares Track Wall Street Gains; Oil Rises on Iran Uncertainty
Global markets rose following Wall Street gains, while oil prices climbed amid uncertainty over the Iran war. Traders watch monitors in Seoul.
Why Gas Prices Stay High Despite Canada's Oil Wealth
Canadian gasoline prices remain high due to global market dynamics, not gouging. Retailers, wholesalers, and producers respond to international prices, leading to 'rockets and feathers' effects.
Canada Strong pipeline risks weakening economy with carbon costs
Terence Corcoran argues that Mark Carney's Canada Strong pipeline plan imposes costly carbon capture and pricing conditions that could harm the Canadian economy.
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Saskatchewan steel gets $8.1M federal funding boost
Ottawa provides over $8 million to Saskatchewan steel firms and trade programs amid U.S. tariffs impacting the sector.
Oil Price Dip Helps US Stocks Recover; Alberta Cabinet Shuffled
Oil prices fell, helping US stocks erase losses. Alberta Premier Smith shuffled cabinet. Other news: SpaceX IPO, weight loss drugs, and more.
U.S. Stocks Edge Higher as Oil Prices Reverse Course
U.S. stocks recovered from early losses to post small gains after oil prices reversed direction, amid mixed economic signals and geopolitical tensions.
Canada Invests $2.2B in Chalk River Nuclear Labs
The Canadian government commits $2.2 billion to revitalize Chalk River Laboratories, supporting nuclear energy innovation and the new Nuclear Energy Strategy for Canada.
Canada's Oil and Gas Investment Climate Improving, Executives Say
Canadian oil and gas executives report an improving investment climate, citing policy shifts and government collaboration as key factors.
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Electricity Project to Boost Power in Edmonton's Northeast
A new electricity project aims to increase power supply in Edmonton's northeast, supporting growth and reliability in the region.
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