3 h. ago Canadian Oil Patch Enters Trade War With Highest Prices in Years

Canada’s oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers.

Economics

24 h. ago Why Canadian oil is sold to the U.S. at a ‘discount’ and have tariffs made things worse?

Canada supplies around four million barrels per day to the U.S., roughly half that country's total crude imports

Economics

27 h. ago California’s Thirst for Canadian Oil Spurs West Coast Import Boom

US West Coast refiners imported a record amount of Canadian oil last month as the threat of tariffs and high prices for competing grades prompted buyers to stock up on the heavy, high-sulfur crude.

Economics

4 d. ago Opinion: Canada’s next government can transform environmental challenges into economic wins

The world needs Canadian natural resources, including its critical minerals and oil and gas. Canada also has some of the highest environmental standards and labour protections globally. This ensures Canadian resources are better for the environment relative to other jurisdictions, such as Venezuela and Iran, which have far fewer protections, while also being vital to […]

Politics

6 d. ago Vitesse Energy, Inc. Receives Exemptive Relief From Canadian Securities Authorities Regarding Future Canadian Oil and Gas Filings

GREENWOOD VILLAGE, Colo. — Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today announced that it has received exemptive relief from the applicable Canadian securities authorities regarding future filing requirements. Vitesse became a reporting issuer in the provinces of Alberta, British Columbia, Saskatchewan and Ontario on March 7, 2025 as a result […]

Events

1 week ago China’s tariffs on Canada are in place. What are they targeting?

China has imposed a 100 per cent levy on Canadian canola oil and meal, as well as peas, plus a 25 per cent duty on seafood and pork, all of which began Thursday.

Economics

1 week ago Mark Carney will maintain oil and gas production cap, environment minister says

OTTAWA — Environment Minister Terry Duguid says a Mark Carney government will maintain a cap on oil and gas production. In an interview with The Canadian Press, Duguid says Canada wants the energy but not the pollution that comes with its production. The Liberals introduced draft regulations back in November that require producers to cut […]

Politics

1 week ago Mark Carney will maintain oil and gas emissions cap, environment minister says

OTTAWA — Environment Minister Terry Duguid says a Mark Carney government will maintain a cap on oil and gas production emissions.  In an interview with The Canadian Press, Duguid says Canada wants the energy but not the pollution that comes with its production.  The Liberals introduced draft regulations back in November that require producers to […]

Politics

2 w. ago Energy sector CEOs call on Canadian lawmakers to use emergency powers to speed key projects

The letter comes as U.S. President Donald Trump threatens Canadian sovereignty and proposes massive tariffs on Canadian goods, including oil and natural gas.

Other

2 w. ago Chinese tariffs on canola oil, meal would be disastrous for Saskatchewan

China is planning to impose 100 per cent tariffs on canola oil, meal and peas in response to Canadian EV levies

Economics

3 w. ago Tariff on sand is a major blow to Alberta's oil patch: industry experts

Train car after train car, filled with Wisconsin sand. It’s vital to the Alberta oil and gas industry. Of the approximately eight million tonnes of sand the Canadian oil and gas industry uses every year, about two-thirds of it comes from the state of Wisconsin. As of this week, it’s on the list of American […]

Politics

3 w. ago USMCA compliant goods now safe from Trump but U.S. tariffs remain on Canada

USMCA compliant goods will no longer be subject to U.S. tariffs on Canada after President Donald Trump issued a pause today that will take effect until at least April 2, 2025. For those unfamiliar with the acronym, USMCA is the trade agreement that exists between the United States, Mexico and Canada. It took effect back in 2020 and replaced what was previously known as the North American Free Trade Agreement (NAFTA). The agreement was formed to provide more opportunities for trade between the three countries and, according to the United States government website, provide mutual benefits for "North American workers, farmers, ranchers, and businesses."Today's update means that the United States will no longer place 25 per cent tariffs on many Canadian goods entering the country. The U.S. will not be pausing the 10 per cent tariffs on Canadian oil and other energy that is not covered under the USMCA. Canadian potash will also be subject to 10 per cent tariffs.T...

Economics

3 w. ago What it means that U.S. tariffs don't apply to USMCA compliant goods from Canada

USMCA compliant goods will no longer be subject to U.S. tariffs on Canada after President Donald Trump issued a pause until at least April 2, 2025. For those unfamiliar with the acronym, USMCA is the U.S. term for the trade agreement that exists between the United States, Mexico and Canada. It took effect back in 2020 and replaced what was previously known as the North American Free Trade Agreement (NAFTA). The agreement was formed to provide more opportunities for trade between the three countries and, according to the United States government website, provide mutual benefits for "North American workers, farmers, ranchers, and businesses."The pause means that the United States will no longer place 25 per cent tariffs on many Canadian goods entering the country. The U.S. will not be pausing the 10 per cent tariffs on Canadian oil and other energy that is not covered under the USMCA. Canadian potash will also be subject to 10 per cent tariffs.The USMCA d...

Economics

3 w. ago Canadian Natural Resources says tariffs not changing appetite for acquisitions

CALGARY — Oil and gas heavyweight Canadian Natural Resources Ltd., fresh off two major deals, says volatility from U.S. tariffs isn’t making it hungrier more acquisitions. On its fourth-quarter conference call Thursday, an analyst asked Canadian Natural president Scott Stauth whether there may be opportunities for more acquisitions, given the company’s strong balance sheet and […]

Economics

3 w. ago CNRL produces record number of barrels of oil equivalent per day in Q4

Revenue for the quarter totalled $9.47 billion, down from $9.55 billion.

Sport

3 w. ago Alberta responds to Trump tariffs with ‘buy Canadian’ plan but leaves oil exports off the table

'Cutting off energy entirely would make Canada the bad guy... and we don't want that,' said Smith

Economics

4 w. ago Varcoe: 'The damage is done': Flow of Canadian oil to U.S. continues, even as relationship fractures

Although the integrated North American energy system has just been dealt a blow by the U.S. trade action, it still matters

Events

4 w. ago Tariffs on Canadian crude to drive up pump prices in U.S., analyst says

CALGARY — A gas price analyst says motorists in some U.S. regions can expect to take a hit at the pump thanks to tariffs on Canadian oil imports. U.S. President Donald Trump has pressed ahead with a 10 per cent levy on energy as well as across-the-board 25 per cent tariffs on all other goods […]

Economics