Summer Driving Meets War-Driven Gas Price Surge in Canada
As the summer driving season approaches, Canadian motorists face soaring gas prices fueled by global conflict, with experts warning of sustained high costs.
As the summer driving season approaches, Canadian motorists face soaring gas prices fueled by global conflict, with experts warning of sustained high costs.
The escalating conflict in Iran is forcing nations worldwide into energy triage, with governments implementing power conservation measures and price controls to curb soaring costs and ensure supply stability.
Cambridge Atomworks has signed a Memorandum of Understanding with engineering consultancy Mott MacDonald to accelerate development of the Odin nuclear microreactor, aiming to provide off-grid power solutions for remote locations.
Bjorn Lomborg argues that while China's green energy exports appear impressive, they're built on coal power. The real lesson for the West is China's rapid nuclear expansion for clean, reliable energy.
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RecommendedGas prices in Metro Vancouver have exceeded $2 per litre for the first time in nearly two years, driven by global uncertainty from the Iran conflict and its impact on oil markets.
Cuba faces another island-wide power outage, affecting 11 million people, as its crumbling electricity grid and U.S. sanctions exacerbate energy crises.
Quebec's energy regulator has approved a 3% annual rate increase for Hydro-Québec residential customers starting April 2026, with the utility warning of service impacts.
A new report with 17 recommendations targets unpaid oil and gas property taxes in Alberta, focusing on enforcement and data collection to aid municipalities.
The Alberta government is examining a new strategy to ensure oil corporations fulfill their municipal tax obligations, as confirmed by a provincial minister. This initiative addresses long-standing concerns over unpaid taxes impacting local communities.
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RecommendedThe Régie de l'énergie has approved lower electricity rate increases than requested by Hydro-Québec, providing financial relief to customers amid economic pressures.
Cuban officials confirm a complete power outage across the island, exacerbating the nation's ongoing energy struggles and infrastructure challenges.
Data reveals a sharp decline in Middle East oil exports, falling at least 60% due to the prolonged closure of the Strait of Hormuz, impacting global energy markets.
Analysts predict a temporary drop in gas prices across the Greater Toronto Area this week, but caution that costs are likely to climb significantly in the coming months due to market pressures.
The International Energy Agency's chief states member countries could release more oil stocks if needed, as high prices impact economies and consumers globally.
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RecommendedAustralian mining firm Lynas Rare Earths has signed a significant agreement to supply rare earth oxides to the United States, bolstering North American supply chains for critical minerals used in technology and defense.
A Canadian propane tanker was resold five times while crossing the Pacific, highlighting Asia's fuel shortage due to Middle East conflict and benefiting Canada's export industry.
Japan announces the release of strategic petroleum reserves in response to global supply disruptions, coinciding with a U.S. initiative promoting domestic energy procurement.
Gas prices in the Maritimes experienced a significant increase over the weekend, adding financial strain to residents and businesses amid broader economic challenges.
The ongoing Middle East conflict has escalated into a global energy crisis, with Iranian attacks disrupting Dubai's airport and oil shipments through the Strait of Hormuz, causing oil prices to surge over 45%.
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RecommendedOil prices exceed US$100 per barrel following Iran's escalated attacks on Gulf targets, causing volatility in global stock markets and economic uncertainty.
Iran's disruption of shipping routes and a drone strike on Dubai airport heighten fears of a worldwide energy crisis, impacting markets and security.
Global oil prices have climbed above US$105 per barrel amid the ongoing conflict in Iran, now in its third week, causing significant disruptions to energy markets and economic uncertainty worldwide.
The Canadian federal government has allocated millions in funding for a $6.4 million conveyor project in Bruce Mines, aimed at moving trap rock under Highway 17 to reduce truck traffic and enhance environmental sustainability.
Energy Secretary Chris Wright states rising fuel costs from U.S.-Iran tensions are a short-term disruption, with prices expected to drop after conflict ends, though no guarantees on timing.
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RecommendedAs gas prices soar past $1.76 per litre in Quebec during the Iran conflict, citizens question whether oil companies are exploiting the war and if governments are complicit in unjustified price hikes.
The escalating war in Iran is injecting severe uncertainty into global energy markets, with potential disruptions to oil flows through the Strait of Hormuz threatening supply chains and driving price volatility worldwide.
The United States has relaxed certain sanctions on Russian oil, but global crude prices continue to hold at high levels, reflecting ongoing market volatility and geopolitical tensions.
Canada will release 23.6 million barrels of oil and increase natural gas exports as part of an international effort to stabilize energy markets disrupted by the Iran war, with Brent crude prices soaring above $100 per barrel.
Gas prices in Nova Scotia are scheduled to increase on Saturday, March 14, 2026, as confirmed by reports. This rise adds to ongoing economic pressures for residents, with broader implications for spending habits and local budgets.
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RecommendedPrime Minister Mark Carney emphasizes Canada's role as a dependable global oil supplier while visiting Norway, highlighting efforts to increase production and strengthen Arctic defense alliances.