7 h. ago Oil in Freefall Reorders Energy Landscape From US to Middle East

The plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.

Other

10 h. ago Steep drop in global crude prices drag down Canadian energy stocks

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist. West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel on Friday, recovering some ground by […]

Economics

11 h. ago Sharp drop in global crude oil prices drags down Canadian energy stocks

West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today.

Economics

11 h. ago Canadian energy stocks dragged down by steep drop in global crude oil prices

If crude price drop ends up being sustained, oilpatch may throttle back spending plans, expert says

Economics

29 h. ago Oil Extends Sharp Drop After Surprise OPEC+ Hike, Trump Tariffs

Oil fell further after President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced triggered the worst rout since 2022.

Economics

35 h. ago OPEC+ Stuns Oil Market With Policy Switch to Drive Down Prices

For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments this week, that role reversed dramatically.

Economics

43 h. ago Letters April 3, 2025: ‘Carney is welcome to have the door hit him on his way out.’

Just leave, Carney So we had a great April fools day with the drop in gas prices didn’t we? Funny thing though, the prices two weeks ago were the same as they are now, then the major oil companies jacked up the prices over twenty cents a litre in some places. The only fool in […]

Transport

55 h. ago Commodities Impact Mixed as Trump Announces Reciprocal Tariffs

The long—awaited unveiling by President Donald Trump of sweeping reciprocal tariffs on imports into the US triggered a slump in oil prices while gold rose.

Economics

61 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

3 d. 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 Energy helps S&P/TSX rise, U.S. stocks mixed as investors await ‘Liberation Day’

TORONTO — Canada’s main stock index rose Monday, led by strength in energy and industrial stocks as the price of oil climbed, while U.S. markets were mixed as investors closed out a volatile month and nervously eyed impending tariffs. Markets started the day in the red before steadily climbing throughout the day. “We are in […]

Economics

4 d. ago Energy Stocks Defy Market Turmoil in Hunt for Inflation Hedge

The energy sector has pulled off a rare feat: It’s the only industry group in the S&P 500 Index to rise in the month of March.

Economics

1 week ago Prospera Energy Inc. Announces Service Rig Update, Closing of Acquisition, Warrant Amendments, Stock Option Grant, and Shares

CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Service Rig UpdateProspera Energy completed a total of thirty-two workovers and reactivations in Q1 2025 before releasing service rigs for spring break-up on March 20th. This included sixteen service rig jobs in Hearts Hill, eleven […]

Economics

1 week ago India’s Top Oil and Gas Explorer Prepares for a Looming Glut

India’s largest explorer Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant.

Other

2 w. ago Stock market today: Asian shares are mixed after Wall St edges lower on US policy uncertainty

HONG KONG (AP) — Asian shares were mixed on Friday after Wall Street retreated as investors were rattled by uncertainties brought by U.S. President Donald Trump. U.S. futures were nearly unchanged and oil prices advanced. Chinese markets declined for a second day. Hong Kong’s Hang Seng tumbled 2% to 23,733.02 after China kept its key […]

Economics

2 w. ago Oil Executives Talk Permitting But Not Prices in Trump Meeting

Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with President Donald Trump on Wednesday, Interior Secretary Doug Burgum said.

Economics

2 w. ago Oil Titans Uneasy Over Tariffs and Crude Prices Meet With Trump

The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday.

Economics

2 w. ago Asian Equities Set to Track Wall Street’s Bounce: Markets Wrap

Asian equities were set to gain, tracking Wall Street higher after its sharp drop last week, buoyed by US data that eased recession concerns and renewed optimism for China’s economy.

Other

2 w. ago European Stocks Rise as Energy Gets a Boost From China’s Plans

European stocks gained as resources sectors received a boost after China said it would take steps to revive consumption.

Economics

2 w. ago Leong: Amid U.S. tariff tensions, a letter to our American neighbours

Amid President Trump's tariff war and threats to our sovereignty, this Canadian is grateful for Americans' show of support. But as things drag on, symbolic gestures might not be enough

Economics