41 m. ago Trade War Threatens Oil Demand as OPEC+ Boosts Supply, IEA Says

Global oil demand is under pressure from the escalating trade war at the same time that OPEC+ is reviving output, threatening to deepen a supply surplus, the International Energy Agency said.

Economics

56 m. ago Russian Oil Exports Almost Intact But Prices Take Hit, IEA Says

Russian oil exports edged lower in February following the imposition of the latest round of US sanctions, but widening price discounts curbed revenues, according to the International Energy Agency.

Economics

3 h. ago Oil Holds Hefty Gain After US Inflation Slowdown Aids Sentiment

Oil steadied after the biggest gain in two weeks that was driven by easing US inflation and bullish demand data.

Economics

5 h. ago Asian shares decline despite rebound on Wall St as investors await next steps in trade wars

BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index […]

Economics

9 h. ago Bell: Smith tells Canada hands off Alberta oil, while Ford no hero

Premier Danielle Smith resists more calls for a tax on U.S.-bound Alberta oil and gas but for how long as the pressure goes up?

Other

10 h. ago Hitmen hold off Oil Kings, climb into tie for first in conference; home playoff dates set

The surging Calgary Hitmen are now tied for first place in the WHL’s Eastern Conference following a 3-2 win over the host Edmonton Oil Kings on Wednesday. The game remained scoreless until the second period, when Calgary’s Hunter Aura broke the deadlock with a one-timer from the point for his seventh goal of the season. […]

Culture

12 h. ago Unpaid Oil & Gas Taxes: Worsening Crisis Calls for a Collaborative Solution

As rural municipalities struggle with increasing unpaid oil and gas property taxes, RMA proposes a collaborative approach to Alberta Municipal Affairs and Alberta Energy and Minerals. Nisku, AB, March 12, 2025 (GLOBE NEWSWIRE) — The Rural Municipalities of Alberta (RMA) has conducted a member survey identifying that as of December 31, 2024, at least $253.9 […]

Economics

18 h. ago Beyond Oil Announces Strategic Investment at a Premium to Market Price by Clal Insurance, a Leading Israeli Institutional Investor, as Part of Potential Uplisting to a Senior Exchange

Clal Insurance to invest approximately CAD $10.5 million in Beyond Oil at a 10% premium to its stock market trading price, with potential follow-on investment through the exercise of warrants; Beyond Oil commits to pursuing a potential uplisting to a senior exchange in Canada or the U.S. NEW YORK, New York, KIBBUTZ YIFAT, Israel and […]

Economics

19 h. ago US Interior Chief Pitches Resources on Federal Lands as Assets Worth Trillions

Donald Trump’s Interior Secretary is making the case that the oil, gas and minerals in the vast federal lands and waters he is charged with overseeing should be viewed as part of “America’s balance sheet” worth trillions of dollars.

Other

20 h. ago OPEC+ Oil Production Surges as Kazakhstan Further Breaches Quota

OPEC+ crude production surged last month as Kazakhstan, which has long flouted the cartel’s output quotas, further breached its agreed limit.

Other

33 h. ago Oil Advances as US Joins Chorus Slashing Global Glut Forecasts

Oil extended a gain as the US cut its forecast for a global oversupply, following similar moves by other market watchers including the International Energy Agency.

Other

37 h. ago Alberta energy minister hopes royalty changes help move pipelines forward

CALGARY — Alberta’s energy minister is hoping that by changing the way the province receives royalties from oilsands bitumen, it may give pipeline companies the certainty they need to build new projects connecting Canada’s resources to global markets. The province currently takes royalties from conventional production in-kind, or in oil itself, rather than cash. It […]

Politics

41 h. ago Canadian man sentenced to 25 years for shootings that damaged pipeline and power station in Dakotas

BISMARCK, N.D. — A Canadian man has been sentenced to 25 years in federal prison for shootings at an oil pipeline in South Dakota and an electrical substation in North Dakota that caused $1.7 million in damages after a judge found that his crimes met the definition of terrorism. Cameron Smith, 50, was also ordered […]

Events

41 h. ago Alberta government says premier in talks with potential overseas heavy oil buyer

Province did not identify the company or say what part of the world it is based in

Politics

41 h. ago Alberta government in talks with potential overseas heavy oil buyer

The province has announced it will collect bitumen royalties in the form of the heavy oil itself, as opposed to cash.

Politics

43 h. ago U.K. concerned over environmental damage after ships’ collision

Jet fuel from a ruptured tank poured into the North Sea after the Portugal-registered container ship Solong broadsided the U.S.-flagged tanker MV Stena Immaculate on Monday.

Events

57 h. ago Bell: Alberta's Premier Smith drops a bomb on Doug Ford and Team Canada

Alberta Premier Danielle Smith tells Ontario Premier Doug Ford to take a hike over a tax on oil and gas bound for the U.S.

Events

59 h. ago Varcoe: With U.S. tariffs and oil price swings, $15B Whitecap

In this environment, the push is on for companies to boost their size to gain investor attention and lower their cost of capital, say analysts

Economics

63 h. ago Ford urges Smith to use oil export tax ‘trump card’ against U.S.: ‘They will lose their minds’

'You want to talk about a trump card? That will instantly change the game, instantly, when the Americans – and I know the Americans – all of a sudden their gas prices go up.'

Economics

66 h. ago Port of Vancouver reaches record cargo volumes in 2024 as crude oil exports surge

Nearly 470,000 vehicle imports -- another record -- rolled onto the docks last year in a three per cent increase driven by Canadians' appetite for new cars.

Economics