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Category : Energy Sector
Iran War Causes Biggest-Ever Oil Market Disruption
The International Energy Agency states the Iran war is causing unprecedented turmoil, hitting 7.5% of global supply. Members released 400 million barrels from reserves to counteract chaos.
Alberta Budget Volatility Worsens Amid Oil Price Swings
University of Calgary economist Trevor Tombe warns Alberta's budget volatility will intensify as global oil markets react to Middle East conflict, with prices potentially reaching $200 per barrel.
U.S. Energy Chief Says Oil Unlikely to Hit $200 a Barrel
The U.S. energy secretary has downplayed fears of oil prices soaring to $200 per barrel, citing market stability and supply factors. This comes amid global tensions and fluctuating energy demands.
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Iran Strikes Gulf Energy Targets, Oil Prices Soar
Iran launched new drone and missile attacks on Gulf energy facilities, including fuel tanks and oil fields, causing crude prices to spike despite record reserve releases. The conflict has spread across the region with significant casualties.
Oil Tankers Attacked Near Iraq as Crisis Worsens
Two oil tankers were struck in Iraqi waters, prompting suspension of oil terminal operations and evacuation orders at Omani ports, intensifying threats to global energy supply amid escalating Middle East conflict.
Could $150 Oil Cure Soaring Crude Prices?
Global energy consultant Wood Mackenzie argues that oil prices must spike to at least $150 per barrel to destroy demand and rebalance markets facing unprecedented supply disruptions.
Aduro Signs Offtake LOI for Hydrochemolytic Oil Validation
Aduro Clean Technologies announces a non-binding Letter of Intent with a global commodities trading company to evaluate Hydrochemolytic™ oil and support a Pilot-to-FOAK validation program for circular hydrocarbon production.
Iran War Causes Biggest-Ever Oil Market Disruption: IEA
The International Energy Agency reports the Iran war is causing unprecedented turmoil, slashing global oil supply by 8 million barrels daily and forcing emergency reserve releases.
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Alberta Budget Volatility Worsens with Oil Price Swings
University of Calgary economist Trevor Tombe warns Alberta's budget volatility will intensify as oil prices fluctuate dramatically, with deficits potentially swinging billions based on crude benchmarks.
Canada's Abandoned Emergency Oil Reserve Plan with U.S.
As global oil prices surge, Canada's lack of a strategic energy reserve comes into focus. The country once considered building shared storage with the U.S., but the plan was scrapped when American officials backed out.
A.I.S. Resources Appoints VP Exploration, Engages AI Metals
A.I.S. Resources Limited has appointed Afzaal Pirzada as Vice President of Exploration and engaged AI Metals Limited to analyze geophysical data at the Saint John Project in New Brunswick.
Canada's Energy Potential Amid Global Conflict
As the Iran war intensifies global energy needs, Canada faces both opportunities and limitations in becoming a stable oil and gas supplier to allies worldwide.
Iran War Oil Shock Ripples Through Canadian Economy
The war in Iran has caused a global oil supply shock, disrupting Canadian grain exports and pushing up costs across the economy while boosting energy producers.
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Oil Prices Top $100 as Iran Attacks Worsen Supply Concerns
Global oil prices spike as Brent crude briefly exceeds $100 per barrel, driven by escalating attacks on shipping in the Strait of Hormuz and heightened supply fears.
Iran Attacks on Mideast Shipping Send Oil Prices Soaring
Persistent Iranian assaults on maritime and energy infrastructure in the Middle East have triggered a surge in global oil prices, exacerbating regional instability and economic pressures.
Oil Prices Surge Past $100 Amid Iran Conflict, Market Turmoil
Brent crude oil briefly exceeded $100 per barrel as Iranian attacks disrupt supply, prompting emergency reserves release and fueling stagflation fears globally.
Hormuz Crisis Boosts Canada Oil, Pipeline Questions Arise
Geopolitical tensions in the Strait of Hormuz have created a profit surge for Canada's oil industry, raising questions about whether this will translate into new pipeline investments or simply benefit shareholders.
Woodfibre LNG's Core Unit Arrives, Advancing $8.8B Project
A 10,847-tonne liquefaction unit, described as the 'beating heart' of the Woodfibre LNG facility, has arrived at the Squamish site via heavy-lift ship, marking a key milestone toward the project's 2027 completion.
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NB Power Admits Risk of Delayed IT System Upgrade
New Brunswick's utility provider, NB Power, has publicly acknowledged significant risks of delays in its long-term IT system modernization, a crucial project tied to operational efficiency and future rate adjustments.
Iran Conflict Disrupts Oil, California Gas Prices Skyrocket
Military strikes against Iran have triggered a surge in crude oil futures and gasoline prices, with California experiencing the highest costs due to unique environmental regulations and limited supply chains.
Why Gas Prices Are Higher in Montreal: Quebec's Fuel Market
Gas prices are climbing nationwide, but Quebec shows wide variation as some stations cut margins to stay competitive. This article explores the factors driving higher costs in Montreal.
High Oil Prices: Economic Impact on Canada
Rising oil prices due to Middle East conflicts boost Canada's energy sector but risk higher inflation and household costs, creating a complex economic scenario.
Lithium Argentina Expands Resource for Stage 2 Development
Lithium Argentina AG announces a 42% increase in measured and indicated lithium resources at its Cauchari-Olaroz operation in Argentina, supporting plans for expanded production capacity through Stage 2 development targeting an additional 45,000 tonnes an
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Canadian Oil Firms to Benefit from Iran War, Analysts Predict
Analysts forecast Canadian energy stocks will see disproportionate benefits as the Iran war disrupts global oil markets, with potential price spikes driving profits.
Canada Asks Oil Sector to Release Strategic Reserves
The Canadian government has formally requested the oil and gas industry to release strategic petroleum reserves to address global supply shortages and stabilize energy markets.
Alberta Carbon Market Rally Fades Ahead of April 1 Deadline
Credits and offsets in Alberta's TIER carbon market have dropped to US$30.60, reversing a rally that peaked in January, as negotiations with the federal government near an April 1 deadline.
France to Release 14.5M Barrels in G7 Oil Reserve Discharge
French President Emmanuel Macron announces coordinated release of up to 400 million barrels from emergency oil reserves by G7 and IEA nations within days.
Japan Releases 80M Barrels from Oil Reserves Amid War
Japan will release 80 million barrels from strategic oil reserves as Middle East conflict disrupts global energy markets and chokes the vital Strait of Hormuz shipping route.
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Canada to Support IEA Oil Reserve Release in Mideast Crisis
Canada pledges to assist the International Energy Agency in releasing emergency oil reserves as Middle East tensions spike oil prices and threaten global supply chains.
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