62 m. ago Russia Mulls Tightening Budget Rule Over Slumping Oil Prices

Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin expects crude prices will remain lower for longer while the war in Ukraine continues to drain state coffers.

Economics

4 h. ago Asian shares are mostly higher after Wall St breaks its winning streak

Shares were mostly higher early Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak. Oil prices bounced back slightly from a 4-year low and U.S. stock futures slipped. A monthly survey measuring future activity in China’s services sector fell to its lowest level ever, excluding the pandemic, in a further […]

Other

9 h. ago Alberta’s energy industry, government watch nervously as oil prices hit 4

With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

Politics

10 h. ago Shale Driller Diamondback Trims Output, Says US Oil Has Peaked

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, is trimming its crude production guidance amid sinking oil prices brought on by President Donald Trump’s trade war and looming OPEC supply increases.

Other

11 h. ago S&P/TSX composite down as oil falls, U.S. markets also end lower

TORONTO — Canada’s main stock index closed down along with U.S. markets as trade worries and a drop in the oil price weighed. U.S. stocks were down after a nine-day streak of gains while crude prices fell to a four-year low Monday after the OPEC+ group of oil-producing nations said it plans to increase output. […]

Other

13 h. ago Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says

President Donald Trump said the sliding price of oil is intensifying pressure on Russia and boosting the odds for a deal to end its war in Ukraine.

Economics

20 h. ago Oil prices dip, global shares mixed amid thin holiday trading

During the weekend, the OPEC+ group of eight nations announced it will raise its output of oil by 411,000 barrels per day as of June 1, stepping up production increases.

Society

28 h. ago Oil prices drop $2 with most Asian markets closed for holidays

HONG KONG (AP) — Oil prices fell more than $2 a barrel early Monday after the OPEC+ group of oil producing nations said it plans to increase output. U.S. futures fell U.S. benchmark crude oil sank $2.21 or 3.8% to $56.08 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the […]

Economics

35 h. ago Five Key Charts to Watch in Global Commodity Markets This Week

Oil prices are at 2021 levels. Copper is rushing to the US, leaving Asian and London inventories at historically low levels. And, boy is it hot and dry around the world — which is good for US farmers but not so much for those in Europe.

Culture

3 d. ago ’A positive first step,’ Danielle Smith says of meeting with Mark Carney on Friday

Smith said Friday that she and Carney had a lengthy conversation about policies and legislation that are holding back Alberta's energy economy

Transport

3 d. ago Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders

CALGARY, Alberta , May 02, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the voting results from the Company’s annual meeting of stockholders held on May 2, 2025. Final Voting Results of Gran Tierra’s Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated […]

Economics

4 d. ago Shell Sticks With Payouts, Spending Plans Despite Oil’s Drop

Shell Plc stuck to its plans for investor returns and capital spending, taking on extra debt to fill the gap in its cash flow stemming from the drop in oil prices.

Other

4 d. ago Asian shares rise as China says it’s considering US overtures on Trump’s tariffs

HONG KONG (AP) — Asian markets advanced Friday after China’s Commerce Ministry said Beijing is evaluating overtures from the U.S. regarding President Donald Trump’s tariffs. Futures and oil prices advanced. Hong Kong’s Hang Seng surged 1.7% to 22,493.96, while markets in Shanghai were closed for a public holiday. Taiwan’s benchmark jumped 2.2%. An unnamed Chinese […]

Economics

4 d. ago Marksmen Energy Inc. Announces Delay in Filing its 2024 Annual Financial Statements and Issuance of Promissory Note

CALGARY, ALBERTA,, May 01, 2025 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company“) announced today that its annual financial statements, accompanying management’s discussion and analysis and related chief executive officer (“CEO“) and chief financial officer (“CFO“) certifications for the financial year ended December 31, 2024 (the “Annual Filings“), may not be filed within […]

Other

4 d. ago Russia Triples 2025 Deficit Target With Less Energy Income Seen

The Russian Finance Ministry more than tripled its budget deficit target for this year after expectations for revenue and the price of oil were reduced amid US President Donald Trump’s tariffs.

Other

5 d. ago Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

DUBAI, United Arab Emirates (AP) — Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF’s regional outlook report for the MENA region said Brent […]

Economics

5 d. ago IMF Cuts Growth Outlook for Gulf Oil Producers After Price Slump

The International Monetary Fund downgraded its growth forecasts for oil exporting countries in the Middle East and North Africa, including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices.

Economics

5 d. ago Direct Energy Regulated Services Announces Natural Gas Rates for May 2025

CALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) — Direct Energy Regulated Services has announced default natural gas rates for May 2025. These rates will apply to customers who do not currently have a competitive supplier within the ATCO Gas North and South service territories. The method DERS uses to calculate the rates has been verified […]

Other

5 d. ago Indigenous Partnerships and Economic Growth Take Centre Stage at the First Nations Major Projects Coalition’s 8th Annual Conference in Toronto this Week

Key sessions explored strategies to advance Indigenous equity, attract investment and drive sustainable economic growth, with over 1,800 attendees across First Nations, business, industry and government helping to shape Canada’s economic future TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Over the course of two days in the heart of Canada’s financial sector in downtown Toronto, […]

Culture

5 d. ago HILL and LI: Texas outperforms Alberta on personal income tax competitiveness

Amid the ongoing tariff war, it’s more important than ever that the Alberta economy is competitive on all fronts — including taxes. Unfortunately, on personal income tax rates, Alberta is woefully uncompetitive compared to other energy-producing jurisdictions, including Texas. As recently as 2014, Alberta had a single 10% personal income tax rate. As a result, […]

Economics