28 h. ago Trump’s Energy Secretary Says Fear Over Oil Prices Misplaced

US Energy Secretary Chris Wright said the selloff in the oil market is overblown, and he expects American crude produces to keep increasing production.

Politics

29 h. ago Canadians' U.S. visits keep dropping, and local tourism may benefit

U.S.-Canada trade tensions led to a steep drop in Canadians heading south last month – a trend that, if it continues, could help boost the London region’s tourism sector, an industry watcher says. Some 1.5 million Canadians made return trips to the U.S. by car in March, a 31.9 per cent drop from the same […]

Other

33 h. ago Kazakhstan Holds Interest Rates as Crude Slump Buffets Tenge

Kazakhstan kept borrowing costs at the highest level in about 18 months after a slump in oil prices put more pressure on the tenge amid an acceleration in inflation.

Other

47 h. ago TC Energy Rules Out Mainline Sale as Canada Seeks Oil Security

TC Energy Corp. Chief Executive Francois Poirier ruled out selling the Canadian Mainline natural gas pipeline — which stretches across most of the country — as the trade war with the US pushes energy security up Canadian politicians’ priority list.

Events

3 d. ago Energy demand erodes in face of global economic slowdown as trade war intensifies

WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a trade war that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners. U.S. benchmark crude fell 4.3% to $56.98 per barrel in midday trading […]

Economics

3 d. ago Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank

The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.

Economics

3 d. ago COMMENTARY: For Tories, energy debate isn’t powering up voters in campaign

The Conservatives have — so far — failed to make the Canadian election about energy. And that’s been to the benefit of the Liberals. 

Other

3 d. ago Oil Extends Brutal Selloff as Fresh Tariff Wave Imperils Demand

Oil extended a brutal selloff that’s driven prices to a four-year low as an intensifying trade war threatens to batter energy demand.

Economics

3 d. ago Oil Extends Steep Selloff as Fresh Tariff Wave Imperils Demand

Oil extended a steep selloff that’s driven prices to four-year lows as an intensifying trade war threatens to batter energy demand, with investors waiting for a fresh wave of levies to go into effect.

Economics

3 d. ago Bruising spring for Canadian frackers caught up in Ottawa’s counter tariffs and market meltdown

Oilfield firms are now waiting to see if producers will slash summer and fall drilling campaigns in response to deteriorating market conditions

Economics

4 d. ago Varcoe: No need for Alberta to panic, Smith says, as oil prices tumble amid economic havoc in U.S.

For Albertans, the volatility could have major financial implications

Economics

5 d. ago What is B.C.'s energy future? Liberals, Conservatives 'offer two different visions'

As U.S. President Donald Trump sows economic uncertainty with tariffs, the issue of how Canada develops its energy sector is particularly relevant in this Canadian election

Other

5 d. ago Panic Monday: Wall Street follows global markets sharply lower as Trump doubles down on tariffs

Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth. European and Asian shares are tumbling sharply, while the leading U.S. index briefly flirted with bear market territory before the opening bell. Oil prices sank again, […]

Economics

5 d. ago World stock markets nosedive again amid Trump’s tariff ‘medicine’

European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Economics

5 d. ago Markets plummet amid warning of ‘economic nuclear winter’ from tariffs

European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Economics

5 d. ago Mideast stock markets tumble as US tariffs and low oil prices squeeze energy

DUBAI, United Arab Emirates (AP) — Middle East stock markets tumbled Monday as they struggled with the dual hit of the United States’ new tariff policy and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending. Benchmark Brent crude is down by nearly […]

Economics

5 d. ago Oil Extends Slump as Saudis Slash Prices and Tariff Risks Mount

Oil sank at the week’s open after Saudi Arabia slashed its flagship crude price by the most in more than two years, and the escalating trade war spurred concerns about a global recession and weaker demand.

Economics

5 d. ago Oil Plummets as Trade Risks Increase and Saudis Slash Prices

Oil sank at the week’s open after Saudi Arabia slashed its flagship crude price by the most in more than two years, and the escalating trade war spurred concerns about a global recession and weaker demand.

Economics

5 d. ago Canada’s energy industry faces ‘maelstrom’ of uncertain global economy

After a week of economic turmoil, Canada's energy industry – and the governments that rely on it for revenue – will be watching the markets closely in the coming days.

Other

7 d. ago Varcoe: 'Market is fearful' — Global trade war, increased OPEC production shock oil prices, stocks

“There's a lot of uncertainty around how this is going to impact the global economy”

Economics